NOT LISTED FOR SALE

640-644 Cedar St Medina, OH 44256

Estimated Value: $229,000 - $255,584

4 Beds
2 Baths
1,536 Sq Ft
$158/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $190,500 $124 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,484/month

2 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Ella Canavan Elementary School Rated A-

About This Home

As of May 2022

Calling all investors!! Fully occupied adorable Ranch!! Each side offers a nice size Family Room, eat-in Kitchen, Laundry area, 2 Bedrooms & 1 full bath plus a 1 car attached garage. Newer windows, hot water tanks, furnaces, cabinets, carpet and appliances. Unit 640 rents for $800 a month & sewer is paid by owner, lease exp. 3/11/23. Unit 644 is $750 a month and ALL utilities are paid by the tenant, lease exp. 11/30/22. Great income producing opportunity!! 24 hour notice to show.

Last Agent to Sell the Property

Carri Browder

EXP Realty, LLC. License #2001000551 Listed on: 03/28/2022

EXP Realty, LLC.

Last Buyer's Agent

Catherine Haller

EXP Realty, LLC. License #2005014369

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,434

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Medina Supply Companys Oak Street Community

Listing and Financial Details

  • Tenant pays for electric, gas, heating, trash collection, water
  • The owner pays for sewer
  • Assessor Parcel Number 028-19C-14-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,434

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 124.02
  • Estimated Price per Sq Ft: 124.02
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1536
  • Year Built: 1952
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1952

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Slab
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 1536.00
  • Sq Ft Approx Total Finished: 1536.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Medina Supply Companys Oak Street

Schools

  • School District: Medina CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2000
  • Parcel Number: 028-19C-14-026

Rental Info

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

Multi Family

  • Unit Count: 2
  • Gross Income: 18600.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Apr 28, 2022
Sold by
Edwards Engineering Llc
Bought by
Vivace Enterprises Llc
Seller's Agent
Carri Browder
EXP Realty, LLC.
Buyer's Agent
Catherine Haller
EXP Realty, LLC.
List Price
$180,000
Sold Price
$190,500
Premium/Discount to List
$10,500
5.83%
Current Estimated Value
$242,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,146
Avg. Annual Appreciation
6.76%
Original Mortgage
$122,600
Outstanding Balance
$108,863
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$133,783

Purchase Details

Closed on
May 4, 2018
Sold by
Edwards Douglas F and Edwards Stephanie A
Bought by
Edwards Engineering Llc

Purchase Details

Closed on
Jan 10, 2017
Sold by
Payne Matthew J and Payne Kathy A
Bought by
Edward Douglas F

Purchase Details

Closed on
Dec 7, 2012
Sold by
Tochinski Belva J
Bought by
Payne Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 5, 2012
Sold by
Tochinsky Belva J
Bought by
Payne Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage
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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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
Vivace Enterprises Llc $190,500 Oldham Joseph K
Edwards Engineering Llc -- None Available
Edward Douglas F $140,000 None Available
Payne Matthew J $80,000 --
Payne Matthew J $80,000 New Market Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vivace Enterprises Llc $122,600
Previous Owner Payne Matthew J $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2022 05/16/22 Sold $190,500 +5.8% $124 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $180,000 -- $117 / 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 $2,685 $63,000 $18,670 $44,330
2023 $3,647 $63,000 $18,670 $44,330
2022 $2,755 $63,000 $18,670 $44,330
2021 $2,434 $46,910 $14,700 $32,210
2020 $2,454 $46,910 $14,700 $32,210
2019 $2,478 $46,910 $14,700 $32,210
2018 $2,102 $38,080 $14,770 $23,310
2017 $2,132 $38,080 $14,770 $23,310
2016 $2,195 $38,080 $14,770 $23,310
2015 $2,091 $34,620 $13,430 $21,190
2014 -- $34,620 $13,430 $21,190
2013 $2,088 $34,620 $13,430 $21,190
Source: Public Records

Agents Affiliated with this Home

  • Carri Browder

    Seller's Agent in 2022

    Carri Browder

    EXP Realty, LLC.

    (330) 421-2088

    21 in this area

    138 Total Sales

    Carri Browder
    Section Image
  • Catherine Haller

    Buyer's Agent in 2022

    Catherine Haller

    EXP Realty, LLC.

    (330) 472-3261

    2 in this area

    171 Total Sales

    Catherine Haller
    Section Image
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Map

Source: MLS Now

MLS Number: 4359226

MLS Now

APN: 028-19C-14-026

Ohio Medina County Medina 44256

640-644 Cedar St, Medina, OH

Not Listed for Sale

MultiFamily

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