NOT LISTED FOR SALE

542 Mentor Ave Painesville, OH 44077

Estimated Value: $228,000 - $342,000

5 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold April 20, 2018

Last sale price $150,000

Est. 72% increase in value since last sale

Current estimated payment $1,952/month

13 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • South Facing Home
  • Forced Air Heating and Cooling System

About This Home

As of April 2018

Welcome to this totally renovated, move-in ready & well-maintained duplex, conveniently located just minutes from OH-2, Lake Erie College, plenty of shopping, & much more! This home features over 2400 sq ft w/ 2 separate units. The first unit is located on the first floor & it features an updated kitchen, formal dining room, living room, full bath, laundry room, 2 bedrooms, & an open-framed porch. The second unit is located on the second floor & it features an updated kitchen, living room, 3 spacious bedrooms, full bath, spacious roof top balcony, & designated washer/dryer located in the full/unfinished basement. The property also features a spacious yard area & a 2-car garage w/ 2 separate garage doors with 1 being designated for each unit. All appliances stay with both units. This property can also be easily converted into a single-family home. Throughout recent years, the owners have spent thousands of dollars to make it in the condition it is today. Updates include but are not limited to; Updated both kitchens, total remodel of the upstairs master bedroom, replaced furnace and A/C for the downstairs unit, freshly painted throughout, refinished hardwood floors, installed tile & laminate flooring, updated upper unit bathroom, cleaned the entire property from top to bottom, scraped & painted wood areas on exterior (2014), & many more projects throughout. A detailed list of updates is available upon request. Property is currently not leased out & can close quickly.

Last Agent to Sell the Property

Inna Muravin

Engel & Völkers Distinct License #2022006419 Listed on: 02/16/2018

Engel & Völkers Distinct

Last Buyer's Agent

Inna Muravin

Engel & Völkers Distinct License #2022006419 Listed on: 02/16/2018

Engel & Völkers Distinct

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,218

Year Built

  • Built in 1880

Lot Details

  • 0.29 Acre Lot
  • South Facing Home

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Seminary Place Community

Listing and Financial Details

  • Assessor Parcel Number 15-C-018-0-00-018-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,218

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: South
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1880
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Appliances Equipment: CO Detector, Dishwasher, Dryer, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric, Unit Garage
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Seminary Place

Schools

  • School District: Painesville City LSD
  • School District: Painesville City LSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2858
  • Parcel Number: 15-C-018-0-00-018-0

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 3218

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Apr 18, 2018
Sold by
Catlett James T and Catlett Heather
Bought by
Zimmerman Adam T and Dibello Anthony F
Seller's Agent
Inna Muravin
Engel & Völkers Distinct
Buyer's Agent
Inna Muravin
Engel & Völkers Distinct
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Current Estimated Value
$258,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,617
Avg. Annual Appreciation
7.50%
Original Mortgage
$112,500
Outstanding Balance
$96,793
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$161,824

Purchase Details

Closed on
Apr 28, 2012
Sold by
Woidtke Arthur F and Woidtke Beatrice
Bought by
Catlett James T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 1993
Bought by
Woidtke Arthur F
Source: Public Records

Range of Values:

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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
Zimmerman Adam T $150,000 Ohio Real Title
Catlett James T $100,000 Ohio Real Title
Woidtke Arthur F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zimmerman Adam T $112,500
Previous Owner Catlett James T $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2018 04/20/18 Sold $150,000 -9.1% --
03/01/2018 03/01/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $165,000 -- --
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 -- $70,400 $11,510 $58,890
2023 $7,141 $57,660 $9,530 $48,130
2022 $3,556 $57,660 $9,530 $48,130
2021 $3,556 $57,660 $9,530 $48,130
2020 $3,446 $48,870 $8,080 $40,790
2019 $3,478 $48,870 $8,080 $40,790
2018 $3,314 $43,950 $17,090 $26,860
2017 $3,218 $43,950 $17,090 $26,860
2016 $3,202 $43,950 $17,090 $26,860
2015 $3,112 $43,950 $17,090 $26,860
2014 $3,104 $43,950 $17,090 $26,860
2013 $3,092 $43,950 $17,090 $26,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3973389

MLS Now

APN: 15-C-018-0-00-018