NOT LISTED FOR SALE

562 W Hopocan Ave Barberton, OH 44203

Estimated Value: $85,662 - $99,000

2 Beds
2 Baths
1,184 Sq Ft
$78/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $24,375 $21 Per Sq Ft

Est. 277% increase in value since last sale

Current estimated payment $619/month

101 Days on Market

About This Home

As of January 2018

A Great Investment Opportunity. Downtown Barberton, one block from Lake Anna. Units are occupied, professional management is in place, and will offer services if desired by new owner. The property is part of a group of rental properties held in the area, that are being sold as a result of medical retirement. Combined purchase possible. Contact agent for additional details and addresses. Strong CAP rate with established tenants. A $2,400 allowance is included to cover the cost of placing separate water meters for tenant payment of water going forward.

Last Agent to Sell the Property

Jim Foust

Century 21 Homestar License #411291 Listed on: 09/05/2017

Century 21 Homestar

Last Buyer's Agent

Jim Foust

Century 21 Homestar License #411291 Listed on: 09/05/2017

Century 21 Homestar

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1897

Lot Details

  • 2,858 Sq Ft Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,184 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Built-In Oven
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water
  • Assessor Parcel Number 0109474

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,656

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 20.59
  • Estimated Price per Sq Ft: 20.59
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1184
  • Year Built: 1897
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1897

Interior Features

  • Appliances Equipment: Wall Oven, Refrigerator, Smoke Detector
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished
  • Sq Ft Approx Above Grade Finished: 1184.00
  • Sq Ft Approx Total Finished: 1184.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Utilities

  • Heating Fuel: Electric, Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Barberton CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0656
  • Parcel Number: 0109474

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Unit Count: 2
  • Gross Income: 9240.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Qilin Group Llc
Bought by
Carbon Holdings Llc
Current Estimated Value
$91,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,750
Outstanding Balance
$347,830
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$255,914

Purchase Details

Closed on
Apr 10, 2023
Sold by
Cmr Real Estate Investments Llc
Bought by
Qilin Group Llc

Purchase Details

Closed on
Nov 30, 2018
Sold by
R M Baker Real Estates Investments Llc
Bought by
Crm Real Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2017
Closed on
Dec 28, 2017
Sold by
Rosencrance Christie L
Bought by
R & M Baker Real Estate Investments Llc
Seller's Agent
Jim Foust
Century 21 Homestar
Buyer's Agent
Jim Foust
Century 21 Homestar
List Price
$42,500
Sold Price
$24,375
Premium/Discount to List
-$18,125
-42.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.50%
Original Mortgage
$34,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2017
Sold by
Rosencrance Christie L
Bought by
Henes James L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Carbon Holdings Llc -- None Listed On Document
Qilin Group Llc $80,000 None Listed On Document
Crm Real Estate Investments Llc $68,000 Golden Eagle Title & Escrow
R & M Baker Real Estate Investments Llc $24,375 None Available
Henes James L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carbon Holdings Llc $351,750
Previous Owner Crm Real Estate Investments Llc $54,400
Previous Owner R & M Baker Real Estate Investments Llc $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2018 01/02/18 Sold $24,375 -42.6% $21 / Sq Ft
12/15/2017 12/15/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $42,500 -- $36 / Sq Ft
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
2025 $1,656 $19,870 $4,228 $15,642
2024 $1,120 $19,870 $4,228 $15,642
2023 $1,656 $19,870 $4,228 $15,642
2022 $904 $15,285 $3,252 $12,033
2021 $904 $15,285 $3,252 $12,033
2020 $985 $15,280 $3,250 $12,030
2019 $785 $10,710 $3,720 $6,990
2018 $674 $10,710 $3,720 $6,990
2017 $774 $10,710 $3,720 $6,990
2016 $775 $12,130 $3,720 $8,410
2015 $774 $12,130 $3,720 $8,410
2014 $770 $12,130 $3,720 $8,410
2013 $742 $12,130 $3,720 $8,410
Source: Public Records

Agents Affiliated with this Home

  • Jim Foust

    Seller's Agent in 2018

    Jim Foust

    Century 21 Homestar

    (330) 731-1236

    18 Total Sales

    Jim Foust
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Map

Source: MLS Now

MLS Number: 3939068

MLS Now

APN: 01-09474

Ohio Summit County Barberton 44203

562 W Hopocan Ave, Barberton, OH

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