NOT LISTED FOR SALE

616 Griffith Rd Akron, OH 44312

Estimated Value: $204,000 - $252,000

6 Beds
2 Baths
1,564 Sq Ft
$145/Sq Ft Est. Value

Last Sold April 15, 2020

Last sale price $136,500 $87 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,508/month

43 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Water Softener
  • 1-Story Property

About This Home

As of April 2020

Three bedrooms in each unit! Great ranch twinplex on nearly an acre, would be good owner occupied or investment. Projected rents of $750. Occupied unit rent is $700, is on a month to month. Central air in occupied unit only. Range/oven and microwave in occupied side stay. Owner pays for sewer $633.78. Motivated Seller!

Last Agent to Sell the Property

Theresa Allen

Cutler Real Estate License #403001 Listed on: 01/29/2020

Cutler Real Estate

Co-Listed By

Rhonda Albaugh

Cutler Real Estate License #2008001757

Last Buyer's Agent

Jennifer Bartoletta

XRE License #2017000789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 1973

Lot Details

  • 0.91 Acre Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,564 Sq Ft Home
  • 1-Story Property

Kitchen

  • Built-In Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Water Softener

Community Details

  • 2 Units
  • Springfield 08 Community

Listing and Financial Details

  • Tenant pays for electric, gas, trash collection
  • The owner pays for sewer
  • Assessor Parcel Number 5107255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,995

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 87.28
  • Estimated Price per Sq Ft: 87.28
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1564
  • Year Built: 1973
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1973

Interior Features

  • Appliances Equipment: Microwave, Wall Oven, Range, Sump Pump, Water Softener
  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Partially Finished
  • Sq Ft Approx Above Grade Finished: 1564.00
  • Sq Ft Approx Total Finished: 1564.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Well, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Springfield 08

Fee Information

  • Op Expenses: 4227.17

Schools

  • School District: Springfield LSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.9100
  • Parcel Number: 5107255

Rental Info

  • Owner Pays: Sewer
  • Tenant Pays: Electric, Gas, Trash Collection

Multi Family

  • Unit Count: 2
  • Gross Income: 11237.83
  • Net Income: 7010.66
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 2995

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Apr 15, 2020
Sold by
David Morris Andrew and David Valerie L
Bought by
Martin Daniel A
Seller's Agent
Theresa Allen
Cutler Real Estate
Buyer's Agent
Jennifer Bartoletta
XRE
List Price
$144,900
Sold Price
$136,500
Premium/Discount to List
-$8,400
-5.8%
Current Estimated Value
$226,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,868
Avg. Annual Appreciation
9.20%
Original Mortgage
$109,200
Outstanding Balance
$96,153
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$130,215

Purchase Details

Closed on
Aug 30, 2007
Sold by
Morris Andrew D
Bought by
Morris Andrew David and Morris Valerie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,200
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2005
Sold by
Bbc Industries Inc
Bought by
Morris Andrew D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Martin Daniel A $136,500 None Listed On Document
Morris Andrew David $134,000 Lawyers Title Ins
Morris Andrew D $122,000 Land America-Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Daniel A $109,200
Previous Owner Morris Andrew David $107,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2020 04/15/20 Sold $136,500 -2.2% $87 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/04/2020 03/04/20 Price Changed $139,500 -3.7% $89 / Sq Ft
01/29/2020 01/29/20 For Sale $144,900 -- $93 / 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 $3,905 $64,971 $12,513 $52,458
2024 $3,676 $64,971 $12,513 $52,458
2023 $3,676 $64,971 $12,513 $52,458
2022 $3,064 $46,743 $9,002 $37,741
2021 $3,041 $46,743 $9,002 $37,741
2020 $2,753 $42,820 $9,000 $33,820
2019 $3,031 $42,330 $9,690 $32,640
2018 $2,920 $42,330 $9,690 $32,640
2017 $2,802 $42,330 $9,690 $32,640
2016 $2,828 $39,660 $9,690 $29,970
2015 $2,802 $39,660 $9,690 $29,970
2014 $2,770 $39,660 $9,690 $29,970
2013 $2,774 $39,560 $9,690 $29,870
Source: Public Records

Agents Affiliated with this Home

  • Theresa Allen

    Seller's Agent in 2020

    Theresa Allen

    Cutler Real Estate

    (330) 323-3804

    161 Total Sales

    Theresa Allen
    Section Image
  • Rhonda Albaugh

    Seller Co-Listing Agent in 2020

    Rhonda Albaugh

    Cutler Real Estate

    (330) 323-3804

    151 Total Sales

    Rhonda Albaugh
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4163811

MLS Now

APN: 51-07255

Ohio Summit County Akron 44312

616 Griffith Rd, Akron, OH

Not Listed for Sale

MultiFamily

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