NOT LISTED FOR SALE

Estimated Value: $174,000 - $298,573

8 Beds
4 Baths
3,474 Sq Ft
$73/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $259,000 $75 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,680/month

11 Days on Market

Highlights

  • City View
  • Home Security System
  • Forced Air Heating and Cooling System
  • 0.23 Acre Lot

About This Home

As of May 2022

FULLY leased with UA students through July30, 2023! (Gross $3600/m thru Jul22, 3640/m thru Jul23) Due to prox to Summa, Children's Hospital, UA, Stark State and Downtown Akron, as well as the major airports, you have many options! This property has two beautiful single family homes on one large lot with 10 spaces of off-street parking, zoning approved by the city of Akron with documentation provided. The front unit (585 E Buchtel) is the original home (built in 1897) and was taken down to studs and totally rebuilt with all new infrastructure- windows, drywall, plumbing, electric & lighting, roof, exterior vinyl siding and full house insulation in 2005. The rear home (583 E Buchtel) was built new in 2005. Both units were rebuilt/created as student rentals with all the desirable amenities. Both units are set up the same with forced air heating, Central AC, 4 bedrooms, 2 baths, laundry with washer/dryer and kitchen with range, refrigerator, dishwasher, and garbage disposal. There are hard-wired smoke detectors in each bedroom and floor, as well as plug-in CO detectors in each bedroom. There is a local Simply Safe intrusion alarm system. There are also video doorbells installed on the front and rear or side doors and security lighting in the parking lot. These are among the nicest student rentals you will find around campus! Roo Express bus stop is right across the street and walking distance to Campus and all Akron has to offer!

Last Agent to Sell the Property

Timothy Lombardi

Deleted Agent License #2010000464 Listed on: 04/09/2022

Deleted Agent

Last Buyer's Agent

Bettie Schmikla

RE/MAX Results License #338507

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 2005

Lot Details

  • 10,149 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,474 Sq Ft Home
  • 2-Story Property
  • City Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • City Lot

Utilities

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

Community Details

  • 2 Buildings
  • 2 Units
  • Smith Community

Listing and Financial Details

  • The owner pays for electric, gas, heating
  • Assessor Parcel Number 6740870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,744

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 74.55
  • Estimated Price per Sq Ft: 74.55
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3474
  • Year Built: 2005
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Appliances Equipment: CO Detector, Dishwasher, Dryer, Garbage Disposal, Range, Refrigerator, Security System, Smoke Detector, Sump Pump, Washer
  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Full, Unfinished, Walk-Out
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 3474.00
  • Sq Ft Approx Total Finished: 3474.00

Exterior Features

  • View: City View
  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved, Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Smith

Fee Information

  • Op Expenses: 11000.00

Schools

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

Lot Info

  • Lot Description: City Lot
  • Lot Size Units: Acres
  • Acres: 0.2330
  • Parcel Number: 6740870

Rental Info

  • Owner Pays: Electric, Gas, Heating

Multi Family

  • Unit Count: 2
  • Gross Income: 43680.00
  • Net Income: 32680.00
  • Num Of Buildings: 2
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 3744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2022
Closed on
May 31, 2022
Sold by
Lombardi and Janice
Bought by
Anderson Craig and Crecco Ryan
Seller's Agent
Timothy Lombardi
Deleted Agent
Buyer's Agent
Bettie Schmikla
RE/MAX Results
List Price
$289,900
Sold Price
$259,000
Premium/Discount to List
-$30,900
-10.66%
Current Estimated Value
$253,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,607
Avg. Annual Appreciation
-0.97%
Original Mortgage
$194,250
Outstanding Balance
$185,888
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$65,141

Purchase Details

Closed on
Mar 27, 2019
Sold by
Marsal Gaspare R and Schrickel Carl S
Bought by
Lombardi Timothy and Lombardi Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2016
Sold by
Donald K Pond Ltd
Bought by
Marsala Gaspare R and Schrickel Carl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,900
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Donald K Pond Llc
Bought by
Donald K Pond Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 16, 2004
Sold by
Hine Gene H and Hine Malena L
Bought by
Donald K Pond Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,700
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Hine Robert G
Bought by
Donald K Pond Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,700
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 1997
Sold by
Mathers Janice
Bought by
Hine Robert G and Hine Gene H

Purchase Details

Closed on
Jul 1, 1996
Sold by
Hine Russell V
Bought by
Hine Robert G
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
Anderson Craig $259,000 Alina Law Llc
Lombardi Timothy $165,000 None Available
Marsala Gaspare R $152,000 Miller Examining Services
Donald K Pond Ltd -- Miller Examining Service Inc
Donald K Pond Llc $8,500 Miller Examining Service Inc
Donald K Pond Llc $17,000 Miller Examining Svc Inc Me
Hine Robert G $12,933 --
Hine Robert G $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Craig $194,250
Previous Owner Lombardi Timothy $123,750
Previous Owner Marsala Gaspare R $113,900
Previous Owner Donald K Pond Ltd $378,000
Previous Owner Donald K Pond Ltd $235,000
Previous Owner Donald K Pond Ltd $204,000
Previous Owner Donald K Pond Llc $8,700
Previous Owner Donald K Pond Llc $18,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $259,000 -10.7% $75 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $289,900 0.0% $83 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $289,900 -- $83 / 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 $3,593 $66,735 $9,583 $57,152
2024 $3,593 $66,735 $9,583 $57,152
2023 $3,739 $66,735 $9,583 $57,152
2022 $3,739 $54,698 $7,854 $46,844
2021 $3,743 $54,698 $7,854 $46,844
2020 $3,507 $54,690 $7,850 $46,840
2019 $3,540 $47,210 $8,820 $38,390
2018 $3,460 $47,210 $8,820 $38,390
2017 $3,573 $47,210 $8,820 $38,390
2016 $3,573 $47,210 $8,820 $38,390
2015 $3,573 $47,210 $8,820 $38,390
2014 $3,545 $47,210 $8,820 $38,390
2013 $3,543 $47,370 $8,820 $38,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4360363

MLS Now

APN: 67-40870