NOT LISTED FOR SALE

623 S Prospect St Ravenna, OH 44266

Estimated Value: $162,763

7 Beds
4 Baths
3,022 Sq Ft
$54/Sq Ft Est. Value

Last Sold December 30, 2019

Last sale price $103,900 $34 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,119/month

220 Days on Market

About This Home

As of December 2019

Great opportunity to own a turn-key four unit rental property in the City of Ravenna. Three 2 bedroom units and one 1 bedroom unit. Gross income of $29,724 annually at full occupancy. New roof and two new furnaces in 2018. Large gravel parking area. Access to public transportation. Call to schedule a viewing today!

Last Agent to Sell the Property

Lucien Pruszynski

Deleted Agent License #2009003862 Listed on: 02/26/2019

Deleted Agent

Last Buyer's Agent

Jennifer Dockery

RE/MAX Diversity Real Estate Group LLC License #2017001242

RE/MAX Diversity Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,287

Year Built

  • Built in 1920

Lot Details

  • 0.29 Acre Lot
  • West Facing Home
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,022 Sq Ft Home
  • 4-Story Property
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Basement

  • Partial Basement
  • Sump Pump

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • Ravenna Community

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for electric, gas, sewer, trash collection, water
  • Assessor Parcel Number 31-366-24-00-094-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,287

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: West
  • Price Per Square Foot: 34.38
  • Estimated Price per Sq Ft: 34.38
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 3022
  • Year Built: 1920
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Appliances Equipment: Range, Refrigerator, Sump Pump
  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Partial
  • Sq Ft Approx Above Grade Finished: 3022.00
  • Sq Ft Approx Total Finished: 3022.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Ravenna

Schools

  • School District: Ravenna CSD
  • School District: Ravenna CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2900
  • Parcel Number: 31-366-24-00-094-000

Rental Info

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

Multi Family

  • Unit Count: 4
  • Gross Income: 29724.00
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2023
Sold by
Bell Anthony
Bought by
Dependable Property Management Of Ohio Llc
Current Estimated Value
$162,763

Purchase Details

Listed on
Feb 26, 2019
Closed on
Dec 27, 2019
Sold by
Frato Richard L and Frato Andra L
Bought by
Bell Anthony
Seller's Agent
Lucien Pruszynski
Deleted Agent
Buyer's Agent
Jennifer Dockery
REMAX Diversity Real Estate Group LLC
List Price
$129,900
Sold Price
$103,900
Premium/Discount to List
-$26,000
-20.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%

Purchase Details

Closed on
Jun 25, 2002
Sold by
Rossey A Neal and Rossey Linda R
Bought by
Frato Richard L and Frato Andra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1999
Sold by
Rossey A Neal and Rossey Linda R
Bought by
City Of Ravenna

Purchase Details

Closed on
Jan 1, 1990
Bought by
Rossey Rossey A and Rossey Linda R
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
Dependable Property Management Of Ohio Llc $125 None Listed On Document
Bell Anthony $103,900 None Available
Frato Richard L $145,000 Approved Statewide Title Age
City Of Ravenna -- --
Rossey Rossey A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rossey Ardon N $9,060
Previous Owner Frato Richard L $104,515
Previous Owner Frato Richard L $15,000
Previous Owner Frato Richard L $109,600
Closed Frato Richard L $19,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2019 12/30/19 Sold $103,900 0.0% $34 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
10/03/2019 10/03/19 Off Market $103,900 -- --
07/25/2019 07/25/19 Price Changed $114,900 -4.2% $38 / Sq Ft
06/03/2019 06/03/19 Price Changed $119,900 -4.0% $40 / Sq Ft
05/02/2019 05/02/19 Price Changed $124,900 -3.8% $41 / Sq Ft
02/26/2019 02/26/19 For Sale $129,900 -- $43 / 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 $2,733 $50,960 $6,300 $44,660
2023 $2,199 $35,320 $6,300 $29,020
2022 $2,201 $35,320 $6,300 $29,020
2021 $2,224 $35,320 $6,300 $29,020
2020 $2,270 $35,320 $6,300 $29,020
2019 $2,274 $35,320 $6,300 $29,020
2018 $2,333 $36,190 $6,300 $29,890
2017 $2,333 $36,190 $6,300 $29,890
2016 $2,213 $36,190 $6,300 $29,890
2015 $2,216 $36,190 $6,300 $29,890
2014 $2,205 $36,190 $6,300 $29,890
2013 $2,195 $36,190 $6,300 $29,890
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lucien Pruszynski

    Deleted Agent

    Section Image
  • Jennifer Dockery

    Buyer's Agent in 2019

    Jennifer Dockery

    RE/MAX

    (330) 322-0826

    20 in this area

    126 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 4073140

MLS Now

APN: 31-366-24-00-094-000

Ohio Portage County Ravenna 44266

623 S Prospect St, Ravenna, OH

This home is located at 623 S Prospect St, Ravenna, OH 44266 since 26 February 2019 and is currently estimated at $162,763, approximately $53 per square foot. This property was built in 1920. 623 S Prospect St is a home located in Portage County with nearby schools including West Main Elementary School, West Park Elementary School, and Brown Middle School.

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