NOT LISTED FOR SALE

531 E Buchtel Ave Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $121,000 - $192,000

6 Beds
3.5 Baths
2,925 Sq Ft
$55/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $125,000 $43 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,001/month

84 Days on Market

About This Home

As of May 2023

A great opportunity to own a 5 unit just walking distance from the University of Akron! Long term tenants occupy this property and are on a month to month contract. The basement and attic can be converted to turn this into a 7 unit rental. Call for details.

Last Agent to Sell the Property

Jeff Ferrell

Real of Ohio License #2016001626 Listed on: 12/09/2022

Last Buyer's Agent

Jeff Ferrell

Real of Ohio License #2016001626 Listed on: 12/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,686

Year Built

  • Built in 1910

Lot Details

  • 3,942 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,925 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 6741161

Community Details

Overview

  • 5 Units
  • Smith Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,686

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 42.74
  • Estimated Price per Sq Ft: 42.74
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2925
  • Year Built: 1910
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Detail: Finished
  • Sq Ft Approx Above Grade Finished: 2925.00
  • Sq Ft Approx Total Finished: 2925.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 1

Utilities

  • LaundryFeatures: None
  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Smith

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0905
  • Parcel Number: 6741161

Rental Info

  • Owner Pays: Gas, Trash Collection, Water

Multi Family

  • Num Of Buildings: 1
  • Number of Units: 5
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
May 15, 2023
Sold by
Geiger Paul T
Bought by
Zeus Properties Ltd
Seller's Agent
Jeff Ferrell
Real of Ohio
Buyer's Agent
Jeff Ferrell
Real of Ohio
List Price
$139,900
Sold Price
$125,000
Premium/Discount to List
-$14,900
-10.65%
Views
67
Current Estimated Value
$163,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,947
Avg. Annual Appreciation
9.60%
Original Mortgage
$93,750
Outstanding Balance
$76,836
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$83,274

Purchase Details

Closed on
Jun 13, 2007
Sold by
Geiger Lisa Marie and Geiger Edward Leo
Bought by
Geiger Edward Leo

Purchase Details

Closed on
Mar 8, 2002
Sold by
Geiger Edward L and Geiger Lisa Marie
Bought by
Geiger Lisa Marie

Purchase Details

Closed on
Sep 18, 2001
Sold by
Hodge Oma P
Bought by
Geiger Edward L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zeus Properties Ltd $125,000 None Listed On Document
Geiger Edward Leo -- None Available
Geiger Lisa Marie -- --
Geiger Edward L $93,250 Bond & Associates Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeus Properties Ltd $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2023 05/18/23 Sold $125,000 -10.7% $43 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $139,900 0.0% $48 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/09/2022 12/09/22 For Sale $139,900 -- $48 / Sq Ft
Source: MLS Now

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,804 $30,325 $5,961 $24,364
2023 $2,924 $30,325 $5,961 $24,364
2022 $1,873 $24,857 $4,886 $19,971
2021 $1,874 $24,857 $4,886 $19,971
2020 $1,800 $24,860 $4,890 $19,970
2019 $1,782 $22,340 $5,480 $16,860
2018 $1,760 $22,340 $5,480 $16,860
2017 $1,787 $22,340 $5,480 $16,860
2016 $1,788 $22,340 $5,480 $16,860
2015 $1,787 $22,340 $5,480 $16,860
2014 $1,774 $22,340 $5,480 $16,860
2013 $1,892 $22,340 $5,480 $16,860
Source: Public Records

Agents Affiliated with this Home

  • Jeff Ferrell

    Seller's Agent in 2023

    Jeff Ferrell

    Real of Ohio

    (330) 814-0917

    7 in this area

    460 Total Sales

    Jeff Ferrell
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Map

Source: MLS Now

MLS Number: 4427478

MLS Now

APN: 67-41161

Ohio Summit County Akron 44304 Downtown Akron

531 E Buchtel Ave, Akron, OH

Not Listed for Sale

MultiFamily

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