NOT LISTED FOR SALE

59 W South St Painesville, OH 44077

Estimated Value: $108,000 - $166,927

4 Beds
2 Baths
2,783 Sq Ft
$52/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $118,000 $42 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $934/month

17 Days on Market

Highlights

  • Corner Lot
  • Heating System Uses Steam
  • Laundry Facilities
  • 1 Car Detached Garage

About This Home

As of September 2023

100% occupied duplex with one long term tenant. Both units are currently MTM. 59 W. South St is part of a larger investment real estate portfolio. See MLS #4468705 (4 properties) and MLS #4468709 (7 properties) for portfolio details. Property may be purchased individually with bank approval due to umbrella financing currently in place.

Last Agent to Sell the Property

Wesley Purvis

Berkshire Hathaway HomeServices Professional Realty License #2019030413 Listed on: 07/07/2023

Berkshire Hathaway HomeServices Professional Realty

Last Buyer's Agent

Chandler Jekutis

Keller Williams Greater Cleveland Northeast License #2018003908

Keller Williams Greater Cleveland Northeast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,293

Year Built

  • Built in 1920

Lot Details

  • 7,100 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 15-C-007-0-00-035-0

Community Details

Overview

  • 2 Units
  • Pj Mighton Surv Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,293

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 62.67
  • Estimated Price per Sq Ft: 62.67
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1883
  • Year Built: 1920
  • Court Ordered Y N: Yes
  • Geocode Confidence: High
  • Attribution Contact: wes@purvisre.com (216) 245-5478
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1883.00
  • Sq Ft Approx Below Grade Finished: 900.00
  • Sq Ft Approx Total Finished: 2783.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass, Pitched

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 1

Utilities

  • LaundryFeatures: Shared
  • Heating Fuel: Gas
  • Heating Type: Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Pj Mighton Surv

Schools

  • School District: Painesville City LSD
  • School District: Painesville City LSD

Lot Info

  • Lot Description: Corner
  • Lot Size Units: Acres
  • Acres: 0.1630
  • Parcel Number: 15-C-007-0-00-035-0

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link, Electric, Gas

Multi Family

  • Unit Count: 2
  • Gross Income: 13800.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2293

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2024
Sold by
Jekutis Chandler Eliot
Bought by
Wsouthpvill2 Llc
Current Estimated Value
$145,732

Purchase Details

Closed on
Mar 12, 2020
Sold by
Hart Stephen C and Hart Tricia
Bought by
Mts Holdings Llc

Purchase Details

Closed on
Nov 4, 2007
Sold by
Pic Investments Llc
Bought by
Hart Stephen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2001
Sold by
T M C Properties Inc
Bought by
Pic 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
$72,000
Interest Rate
7.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1996
Sold by
Bucker Walter
Bought by
T M C Properties Inc
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
Wsouthpvill2 Llc -- None Listed On Document
Mts Holdings Llc -- Nova Title Agency Inc
Hart Stephen C $125,000 Attorney
Pic Investments Llc $90,000 Conway Land Title Company
T M C Properties Inc $51,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jekutis Chandler Eliot $88,000
Previous Owner Hart Stephen C $96,500
Previous Owner Hart Stephen C $100,000
Previous Owner Pic Investments Llc $72,000
Closed Pic Investments Llc $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $118,000 -15.7% $42 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $140,000 -- $50 / 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
2024 -- $48,840 $7,060 $41,780
2023 $4,478 $36,160 $5,830 $30,330
2022 $2,293 $36,160 $5,830 $30,330
2021 $2,293 $36,160 $5,830 $30,330
2020 $2,223 $30,650 $4,940 $25,710
2019 $2,244 $30,650 $4,940 $25,710
2018 $2,147 $28,610 $9,370 $19,240
2017 $2,124 $28,610 $9,370 $19,240
2016 $2,114 $28,610 $9,370 $19,240
2015 $2,026 $28,610 $9,370 $19,240
2014 $2,020 $28,610 $9,370 $19,240
2013 $2,013 $28,610 $9,370 $19,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4468701

MLS Now

APN: 15-C-007-0-00-035