NOT LISTED FOR SALE

5758 Summit St Sylvania, OH 43560

-- Bed
-- Bath
3,724 Sq Ft
15,682 Sq Ft Lot

Last Sold January 05, 2015

Last sale price $177,000 $48 Per Sq Ft

205 Days on Market

Highlights

  • Shed
  • Forced Air Heating and Cooling System
  • Carpet
  • Maplewood Elementary School Rated A-

About This Home

As of January 2015

Excellent investment opportunity. All 4 units are leased, two of the tenants have been there 10+ years. Front units built in 1902 & Back two units built in 1978. A breezeway connects the units. All units are equipped with Stove/Refrigator and 2 back units also have dishwasher. 3 of the units have washer/dryer hookup. Each unit has carport plus additional parking spot. Backs up to 10 Mile Creek.

Last Agent to Sell the Property

Jack Schroeder

Epic Homes Real Estate License #2004001805 Listed on: 06/14/2014

Last Buyer's Agent

Sharlene Dickinson

Welles Bowen Realtors License #0000292513

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,702

Year Built

  • Built in 1902

Lot Details

  • 0.36

Home Design

  • Shingle Roof
  • Aluminum Siding
  • Steel Siding

Interior Spaces

  • 3,724 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Carpet
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Gas Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Parking

  • 8 Parking Spaces
  • Carport
  • Driveway
  • Parking Lot

Schools

  • Maplewood Elementary School
  • Northview High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Shed
  • 15,638 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $2,555
  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 82-11564
  • $59 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Property is near a ravine

Building Details

  • 4 Leased Units
  • Operating Expense $14,845
  • Net Operating Income $15,815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,702

Year Built

Built in 1902

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1902
  • Lot Size Acres: 0.36
  • Lot Size: Irr
  • Carport Y N: Yes
  • Status Change Information: Status Change Timestamp: 2015-01-05
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Number Of Buildings: 2
  • Owner Pays: None
  • Has Basement: Full
  • Basement YN: Yes
  • Door Features: Door Screen(s)
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Lot Features: Ravine
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Construction Type: Aluminum Siding, Steel Siding
  • Other Structures: Shed(s)

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Parking Lot, Driveway
  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Connected
  • Sewer: Sanitary Sewer
  • Appliances: Dishwasher, Water Heater, Disposal, Electric Range Connection, Refrigerator
  • Cooling: Central Air
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Sylvania

Lot Info

  • Lot Size Sq Ft: 15638.0
  • Parcel #: 82-11564

Rental Info

  • Lease Term: ["12 Months"]
  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Net Operating Income: 15815.0
  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Annual Operating Expense: 14845.0
  • Total Actual Rent: 2555.0

MLS Schools

  • Elementary School: Maplewood
  • HighSchool: Northview

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2019
Sold by
Estate Of Sharlene R Dickinson
Bought by
Dickinson Steven R and Sharlene Rose Dickinson Living

Purchase Details

Listed on
Jun 14, 2014
Closed on
Jan 5, 2015
Sold by
Melchert Lynn M and Melchert Richard V
Bought by
Dickinson Sharlene R
Seller's Agent
Jack Schroeder
Epic Homes Real Estate
Buyer's Agent
Sharlene Dickinson
Welles Bowen Realtors
List Price
$189,900
Sold Price
$177,000
Premium/Discount to List
-$12,900
-6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,050
Interest Rate
3.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 1998
Sold by
Quinnell Investments Ltd
Bought by
Melchert Lynn M

Purchase Details

Closed on
Aug 13, 1993

Purchase Details

Closed on
Nov 13, 1991
Sold by
Quinnell Charles R
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
Dickinson Steven R -- None Available
Dickinson Sharlene R $177,000 Chicago Title
Melchert Lynn M -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dickinson Sharlene R $115,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2015 01/05/15 Sold $177,000 -6.8% $48 / Sq Ft
01/04/2015 01/04/15 Pending -- -- --
06/13/2014 06/13/14 For Sale $189,900 -- $51 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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 -- $50,190 $4,445 $45,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 5073770

Northwest Ohio Real Estate Information Service (NORIS)
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