NOT LISTED FOR SALE

577 579 W Lake Ave Barberton, OH 44203

Estimated Value: $135,933 - $243,000

6 Beds
2.5 Baths
2,618 Sq Ft
$69/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $165,000 $63 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,109/month

23 Days on Market

About This Home

As of June 2022

Exciting Investment Opportunity - Well Maintained Multi-Family Buildings - $139,000 Gross Annual Income - Buy One or All - Barberton, OH – Barberton Schools – Summit County - On-Site & Online Bidding Available - ABSOLUTE AUCTION, all sells to the highest bidders. ONLINE BIDDING BEGINS MONDAY – MAY 9, 2022 – 9:00 AM, and AUCTION LIVE ON-SITE BIDDING WILL BEGIN THURSDAY – MAY 12, 2022 – 12:00 PM. AUCTION #3: 577 & 579 W. LAKE AVE.: Parcel #0104221 and #0104223. Brick duplex with 2,618 SF living area. Built-in 1909. 40’ x 119’ lot. (1) 3-bedroom, 1-bath unit and (1) 3-bedroom, (2)-bath unit. The gross annual rent is $16,020. The owner pays for water, sewer, and trash. Current taxes are $1,129.42 per half-year. AUCTIONEER’S NOTE: Good rental history and very well maintained. Current gross annual income is approx. $138,840. Great opportunity to invest in tangible assets. PLEASE DO NOT BOTHER THE TENANTS! Properties will be open for viewing on auction day starting at 10:00 AM. All units to be sold from auction #1 location. MLS #'s 4365506(Auction 1), 4365516(Auction 2), 4365521(Auction 3), 4365525(Auction 4).

Last Agent to Sell the Property

Jack Kiko

Kiko License #2003007797 Listed on: 04/19/2022

Last Buyer's Agent

Jack Kiko

Kiko License #2003007797 Listed on: 04/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,259

Year Built

  • Built in 1909

Lot Details

  • 2,378 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,618 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 0104221

Community Details

Overview

  • 2 Units
  • Barb Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,259

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 63.03
  • Estimated Price per Sq Ft: 63.03
  • Year Built Exception: Not Verifiable
  • Num Of Stories: 2.00
  • Total Sq Ft: 2618
  • Year Built: 1909
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1909

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Sq Ft Approx Above Grade Finished: 2618.00
  • Sq Ft Approx Total Finished: 2618.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

  • LaundryFeatures: None
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Barb

Fee Information

  • Op Expenses: 5482.00

Schools

  • School District: Barberton CSD

Lot Info

  • Additional Assessor Parcel Number 1: 0104223
  • Lot Size Units: Acres
  • Acres: 0.0546
  • Parcel Number: 0104221

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 16020.00
  • Net Income: 10538.00
  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 2259

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Real Change Investment Llc
Bought by
Debevec Macy
Current Estimated Value
$180,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Outstanding Balance
$200,133
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$19,400

Purchase Details

Listed on
Apr 19, 2022
Closed on
Jun 15, 2022
Sold by
Anna Court Rentals Llc
Bought by
Real Change Investment Llc
Seller's Agent
Jack Kiko
Kiko
Buyer's Agent
Jack Kiko
Kiko
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.74%

Purchase Details

Closed on
Feb 18, 2016
Sold by
Middlecoop Paul M and Middlecoop Brenda M
Bought by
Anna Court Rentals Llc

Purchase Details

Closed on
Nov 13, 2005
Sold by
Lake Anna Court Llc
Bought by
Middlecoop Paul M and Middlecoop Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2004
Sold by
Koncz Don and Koncz Jeff
Bought by
Lake Anna Court Llc

Purchase Details

Closed on
Nov 11, 2003
Sold by
Gottwalt Jane Ann
Bought by
Koncz Don and Koncz Jeff
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
Debevec Macy $230,000 None Listed On Document
Real Change Investment Llc $165,000 Johnson & Parrish Title Agency
Anna Court Rentals Llc -- None Available
Middlecoop Paul M $140,000 Monroe Title Agency
Lake Anna Court Llc -- Monroe Title
Koncz Don $250,000 Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Debevec Macy $202,400
Previous Owner Middlecoop Paul M $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $165,000 0.0% $63 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $165,000 -- $63 / 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 $1,951 $36,740 $3,969 $32,771
2024 $1,858 $36,740 $3,969 $32,771
2023 $1,951 $36,740 $3,969 $32,771
2022 $4,369 $59,122 $4,375 $54,747
2021 $4,399 $59,122 $4,375 $54,747
2020 $4,273 $27,880 $3,050 $24,830
2019 $4,809 $34,410 $4,920 $29,490
2018 $4,777 $34,410 $4,920 $29,490
2017 $2,161 $34,410 $4,920 $29,490
2016 $5,134 $34,410 $4,920 $29,490
2015 $2,161 $34,410 $4,920 $29,490
2014 $2,149 $34,410 $4,920 $29,490
2013 $2,075 $34,440 $4,920 $29,520
Source: Public Records

Agents Affiliated with this Home

  • Jack Kiko

    Seller's Agent in 2022

    Jack Kiko

    Kiko

    (330) 206-0174

    3 in this area

    86 Total Sales

    Jack Kiko
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Map

Source: MLS Now

MLS Number: 4365521

MLS Now

APN: 01-04221

Ohio Summit County Barberton 44203

577 579 W Lake Ave, Barberton, OH

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