NOT LISTED FOR SALE

551 Franklin Ave Kent, OH 44240

Estimated Value: $163,000 - $206,000

3 Beds
2 Baths
1,416 Sq Ft
$125/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $160,000 $113 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,132/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Wood Siding
  • Forced Air Heating System

About This Home

As of April 2024

Great Opportunity to own an updated 2 unit home within walking distance to downtown Kent. One unit features 2 beds and 1 bath and the other has 1 bed and 1 Bath. Great rental history. 551 Franklin Information: So Many Updates:
Upper Unit: Month to Month since 9-17-23, Rent $600, pays water, electric & gas
Lower Unit: Month to Month since 7-4-24, Rent $950, pays water, electric and gas
Owner pays for trash and lawn mowing.
Owner owns the washer and dryer
Updates:
New windows, siding and gutters 2022 (34,532.71), New sanitary line 2021 (2,500), Termite Control 2020 (852),
New Roof (7,850), New Heater (2,687), New Water Heater (1,450), Dishwasher (569.05), Washer / dryer (1,274.45)
Window AC (217.55), Fridge (635.55), Range (452.20), Contractor Supplies (16,925.89), Contractor Fees (21,400),
Electrician (5,610), Paint (3,865)

Last Agent to Sell the Property

Christina Hoff

RE/MAX Edge Realty Brokerage Email: 330-526-6650 admin@iconmgmt.net License #2024005572 Listed on: 03/22/2024

RE/MAX Edge Realty

Last Buyer's Agent

Susan White

Howard Hanna License #443102

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1850

Lot Details

  • 7,680 Sq Ft Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1,416 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • On-Site Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating

Community Details

  • Kent Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for trash collection
  • Assessor Parcel Number 17-012-10-00-020-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,530

Year Built

Built in 1850

Lot Details

7,680 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1850
  • Attribution Contact: 330-526-6650 admin@iconmgmt.net
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Kent
  • Above Grade Finished Sq Ft: 1416.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1763
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, On Site

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Kent CSD - 6705

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 17-012-10-00-020-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 1530.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Apr 10, 2024
Sold by
Hensley Bradley T and Hensley Kristin
Bought by
Duong Thien An Nguyen and Phan Phu Thanh
Seller's Agent
Christina Hoff
RE/MAX Edge Realty
Buyer's Agent
Susan White
Howard Hanna
List Price
$155,000
Sold Price
$160,000
Premium/Discount to List
$5,000
3.23%
Views
57
Current Estimated Value
$177,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,547
Avg. Annual Appreciation
5.48%

Purchase Details

Listed on
Aug 4, 2020
Closed on
Dec 28, 2020
Sold by
Huber Jeffrey W
Bought by
Hensley Bradley T
Seller's Agent
Stacy Barbicas
Keller Williams Chervenic Rlty
Buyer's Agent
David Sears
W.W. Reed And Son
List Price
$99,900
Sold Price
$85,500
Premium/Discount to List
-$14,400
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.12%
Original Mortgage
$64,125
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2007
Sold by
Huber Christopher M
Bought by
Huber Jeffrey W

Purchase Details

Closed on
May 2, 2003
Sold by
Mandalari Stephen Louis and Mandalari Rosemarie E
Bought by
Long Dan and Long Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,480
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Long Dan and Long Tracy L
Bought by
Huber Jeffrey W and Huber Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,480
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2000
Sold by
Long Dan and Long Tracy L
Bought by
Mandalari Stephen L and Mandalari Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
8.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 25, 2000
Sold by
Mandalari Stephen Louis and Mandalari Rosemarie
Bought by
Long Dan and Long Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
8.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 1, 2000
Sold by
Devitt Leroy G and Devitt Kelly M
Bought by
Long Dan and Long Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
8.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 1, 1990
Bought by
Mandalari Stephen Louis
Source: Public Records
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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
Duong Thien An Nguyen $160,000 None Listed On Document
Hensley Bradley T -- None Listed On Document
Huber Jeffrey W -- Accommodation
Long Dan $41,533 Approved Statewide Title
Huber Jeffrey W $62,000 Approved Statewide Title
Mandalari Stephen L -- --
Long Dan $43,200 --
Long Dan -- --
Mandalari Stephen Louis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hensley Bradley T $64,125
Previous Owner Long Dan $63,480
Previous Owner Huber Jeffrey W $63,480
Previous Owner Long Dan $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2024 04/10/24 Sold $160,000 +3.2% $113 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $155,000 +81.3% $109 / Sq Ft
01/04/2021 01/04/21 Sold $85,500 -4.9% $60 / Sq Ft View Prior Sale
11/06/2020 11/06/20 Pending -- -- --
10/06/2020 10/06/20 Price Changed $89,900 -2.8% $63 / Sq Ft
08/20/2020 08/20/20 Price Changed $92,500 -7.4% $65 / Sq Ft
08/04/2020 08/04/20 For Sale $99,900 -- $71 / 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
2025 $2,283 $50,120 $4,970 $45,150
2024 $2,305 $50,120 $4,970 $45,150
2023 $1,530 $26,990 $4,970 $22,020
2022 $1,529 $26,990 $4,970 $22,020
2021 $1,532 $26,990 $4,970 $22,020
2020 $1,419 $22,300 $4,970 $17,330
2019 $1,420 $22,300 $4,970 $17,330
2018 $901 $13,090 $4,970 $8,120
2017 $901 $13,090 $4,970 $8,120
2016 $899 $13,090 $4,970 $8,120
2015 $899 $13,090 $4,970 $8,120
2014 $888 $12,710 $4,970 $7,740
2013 $881 $12,710 $4,970 $7,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5024335

MLS Now

APN: 17-012-10-00-020-000

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