NOT LISTED FOR SALE

531 E Buchtel Ave Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $123,000 - $220,000

6 Beds
3.5 Baths
2,925 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: May 18, 2023

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

Est. 31% increase in value since last sale

Current estimated payment $1,198 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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
  • Driveway

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

3,942 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
May 15, 2023
Sold by
Bought by
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
64
Current Estimated Value
$163,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,833
Avg. Annual Appreciation
8.79%
Original Mortgage
$93,750
Outstanding Balance
$70,850
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$92,983

Purchase Details

Closed on
Jun 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Akron, OH

  • Cyndi Kane Real Estate Agent - RE/MAX Crossroads Properties

    Cyndi Kane

    RE/MAX Crossroads Properties

    (234) 271-4314

    177 Total Sales

    1 in Downtown Akron

    $63,500 Price

    Cyndi Kane
     Section Image
  • Maureen Wlodarczyk Real Estate Agent - Keller Williams Living

    Maureen Wlodarczyk

    Keller Williams Living

    (216) 930-2482

    274 Total Sales

    1 in Downtown Akron

    $13,500 Price

    Maureen Wlodarczyk
     Section Image
  • Pamela Rybka Real Estate Agent - RE/MAX Real Estate Group

    Pamela Rybka

    RE/MAX Real Estate Group

    (234) 278-1626

    116 Total Sales

    1 in Downtown Akron

    $152,000 Price

    Pamela Rybka
     Section Image
  • John Scaglione Real Estate Agent - Coldwell Banker Schmidt Realty

    John Scaglione

    Responds Quickly

    Coldwell Banker Schmidt Realty

    (234) 271-3914

    331 Total Sales

    2 in Downtown Akron

    $64K - $360K Price Range

    John Scaglione
     Section Image
  • Lesa 'Lilly' Lillibridge Real Estate Agent - Keller Williams Chervenic Rlty

    Lesa 'Lilly' Lillibridge

    Keller Williams Chervenic Rlty

    (234) 271-4345

    298 Total Sales

    4 in Downtown Akron

    $85K - $474K Price Range

    Lesa 'Lilly' Lillibridge
     Section Image
  • Diane Wendorff Gentille Real Estate Agent - Keller Williams Chervenic Rlty

    Diane Wendorff Gentille

    Keller Williams Chervenic Rlty

    (216) 238-3743

    219 Total Sales

    1 in Downtown Akron

    $116,000 Price

    Diane Wendorff Gentille
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$125,000 None Listed On Document
-- None Available
-- --
$93,250 Bond & Associates Title Agen
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,549 $51,626 $6,038 $45,588
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 Real Estate Agent - Real of Ohio

    Seller's Agent in 2023

    Jeff Ferrell

    Real of Ohio

    (330) 814-0917

    8 in this area

    479 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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