NOT LISTED FOR SALE

578 Palmetto Ave Unit 580 Akron, OH 44301

Firestone Park Neighborhood

Estimated Value: $157,000 - $175,039

4 Beds
2 Baths
1,450 Sq Ft
$115/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $154,000 $106 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,142/month

25 Days on Market

Highlights

  • City View
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Wooded Lot
  • Park
  • East Facing Home

About This Home

As of October 2022

INVESTORS DREAM! 2 separate BRICK RANCH buildings sitting side by side, on the corner of Coventry AND Palmetto, with shared driveways between the buildings and exits/entrances out onto both Palmetto AND Coventry. Each building has 2 units in each. Each unit has 2 bedrooms, full bath, kitchen and living room, and their OWN, separate basement for their unit. So, 4 units total and there are 2 bedrooms in each unit. Buildings, together, as a package deal are listed for $325,000. Each building, separately, is listing for $175,000. AVERAGE RENT, CURRENTLY, in AKRON for a 2 BEDROOM UNIT is $835. Projected rents are listed on this listing. Current landlord has owned the property for a long time and just hasn’t raised the rents to current market rates, but the rent could easily be righted with a new lease, if desired.

Last Agent to Sell the Property

Catherine Haller

EXP Realty, LLC. License #2005014369 Listed on: 08/04/2022

EXP Realty, LLC.

Last Buyer's Agent

Andrea McFadden

Keller Williams Greater Metropolitan License #2021008549

Keller Williams Greater Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,597

Year Built

  • Built in 1966

Lot Details

  • 5,105 Sq Ft Lot
  • East Facing Home
  • Corner Lot
  • Level Lot
  • Wooded Lot

Parking

  • Parking Lot

Property Views

  • City
  • Woods

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for pays all
  • Assessor Parcel Number 6838512

Community Details

Overview

  • 2 Units
  • Hillcrest Park Community

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,597

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: East
  • Price Per Square Foot: 106.21
  • Estimated Price per Sq Ft: 106.21
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1450
  • Year Built: 1966
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1966

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 1450.00
  • Sq Ft Approx Total Finished: 1450.00

Exterior Features

  • View: City View, Wooded
  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Parking Lot

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Park

Condo/Co-op/Association

  • Subdivision Complex: Hillcrest Park

Schools

  • School District: Akron CSD
  • School District: Akron CSD

Lot Info

  • Lot Description: Corner, Level/Flat, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.1172
  • Parcel Number: 6838512

Rental Info

  • Tenant Pays: Pays All

Multi Family

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

Tax Info

  • Tax: 2597

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Oct 3, 2022
Sold by
Testa Family Trust
Bought by
Ndemange Winifred
Seller's Agent
Catherine Haller
EXP Realty, LLC.
Buyer's Agent
Andrea McFadden
Keller Williams Greater Metropolitan
List Price
$175,000
Sold Price
$154,000
Premium/Discount to List
-$21,000
-12%
Views
13
Current Estimated Value
$166,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,760
Avg. Annual Appreciation
1.79%
Original Mortgage
$114,000
Outstanding Balance
$109,730
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving
Estimated Equity
$52,388

Purchase Details

Closed on
Nov 29, 2011
Sold by
Testa Vito and Testa Agnes Marie
Bought by
Testa Vito and Testa Agnes M
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
Ndemange Winifred $154,000 --
Testa Vito -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndemange Winifred $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $154,000 -12.0% $106 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $175,000 -- $121 / 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 $2,802 $50,183 $8,379 $41,804
2024 $2,802 $50,183 $8,379 $41,804
2023 $2,802 $50,183 $8,379 $41,804
2022 $2,595 $36,366 $6,073 $30,293
2021 $2,598 $36,366 $6,073 $30,293
2020 $2,560 $36,360 $6,070 $30,290
2019 $2,565 $33,100 $6,070 $27,030
2018 $2,533 $33,100 $6,070 $27,030
2017 $2,572 $33,100 $6,070 $27,030
2016 $2,574 $33,100 $6,070 $27,030
2015 $2,572 $33,100 $6,070 $27,030
2014 $2,552 $33,100 $6,070 $27,030
2013 $2,502 $33,100 $6,070 $27,030
Source: Public Records

Agents Affiliated with this Home

  • Catherine Haller

    Seller's Agent in 2022

    Catherine Haller

    EXP Realty, LLC.

    (330) 472-3261

    10 in this area

    194 Total Sales

    Catherine Haller
    Section Image
  • Andrea McFadden

    Buyer's Agent in 2022

    Andrea McFadden

    Keller Williams Greater Metropolitan

    (330) 858-1083

    3 in this area

    26 Total Sales

    Andrea McFadden
    Section Image
  • Ryan Shaffer

    Buyer Co-Listing Agent in 2022

    Ryan Shaffer

    EXP Realty, LLC.

    (330) 329-6904

    16 in this area

    484 Total Sales

    Ryan Shaffer
    Section Image
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Map

Source: MLS Now

MLS Number: 4398981

MLS Now

APN: 68-38512

Ohio Summit County Akron 44301 Firestone Park

578 Palmetto Ave Unit 580, Akron, OH

This home is located at 578 Palmetto Ave Unit 580, Akron, OH 44301 since 04 August 2022 and is currently estimated at $166,760, approximately $115 per square foot. This property was built in 1966. 578 Palmetto Ave Unit 580 is a home located in Summit County with nearby schools including Kenmore Garfield Community Learning Center, Eagle Elementary, and Main Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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