NOT LISTED FOR SALE

720 Paulus Dr Kent, OH 44240

Middlebury Neighborhood

Estimated Value: $215,000 - $291,000

6 Beds
4 Baths
3,600 Sq Ft
$71/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $180,000 $50 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,705/month

76 Days on Market

Highlights

  • 1.1 Acre Lot
  • 2 Car Direct Access Garage
  • North Facing Home
  • Wooded Lot
  • Forced Air Heating System

About This Home

As of October 2018

What a pleasure to show Neat and clean side by side (townhouse style) two family home on over an acre of land. Great rental history and reconditioned a few years ago. Good cash flow. Cap rate over 10% and a Return on Investment of almost 19% using a 25% down payment.... With the condition, location and return, this is a no brainer. One unit open for showings or to make owner occupied and live for almost free. What a pleasure to show. Both units are nicely improved with newer kitchens, floor coverings, bath rooms and paint. Large balconies off living room looking into wildlife area. Walk to the Cuyahoga River and downtown Kent with a short 5 minute walk. Each unit has three bedrooms, 1 full bathroom, 2 half bathrooms, living room, dining area and kitchen. One car garage and basement for each.

Last Agent to Sell the Property

Jim Horovitz

Coldwell Banker Schmidt Realty License #310181 Listed on: 06/30/2018

Coldwell Banker Schmidt Realty

Last Buyer's Agent

Patrick Riley

Century 21 Carolyn Riley RL. Est. Srvcs, Inc. License #2009002833

Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,089

Year Built

  • Built in 1978

Lot Details

  • 1.1 Acre Lot
  • North Facing Home
  • Unpaved Streets
  • Wooded Lot

Parking

  • 2 Car Direct Access Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Kent Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • Assessor Parcel Number 17-011-20-00-109-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,089

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: North
  • Price Per Square Foot: 75.00
  • Estimated Price per Sq Ft: 75.00
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2400
  • Year Built: 1978
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1978

Interior Features

  • Appliances Equipment: CO Detector, Dishwasher, Wall Oven, Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 2400.00
  • Sq Ft Approx Below Grade Finished: 1200.00
  • Sq Ft Approx Total Finished: 3600.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Access from Unit, Attached, Electric
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Kent

Fee Information

  • Op Expenses: 10306.00

Schools

  • School District: Kent CSD
  • School District: Kent CSD

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 1.1000
  • Parcel Number: 17-011-20-00-109-000

Rental Info

  • Tenant Pays: Cable/Electric Link, Electric, Heating

Multi Family

  • Unit Count: 1
  • Gross Income: 28625.00
  • Net Income: 18319.00
  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 3089

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2018
Closed on
Oct 23, 2018
Sold by
Shr Paulus Drive Llc
Bought by
Morreale Brian P and Morreale Kelly A
Seller's Agent
Jim Horovitz
Coldwell Banker Schmidt Realty
Buyer's Agent
Patrick Riley
Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%
Current Estimated Value
$256,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,833
Avg. Annual Appreciation
5.23%
Original Mortgage
$135,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2013
Sold by
Hurt Curtis L
Bought by
Shr Paulus Drive Llc

Purchase Details

Closed on
Jun 7, 2013
Sold by
Green Mark W and Moore Keith L
Bought by
Hurt Curtis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,446
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1992
Bought by
Moore Keith L and Moore Green
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
Morreale Brian P $180,000 First American Title Ins Co
Shr Paulus Drive Llc $138,300 First American Title Ins Co
Shr Paulus Drive Llc $138,228 None Available
Hurt Curtis L $9,000 None Available
Moore Keith L $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morreale Brian P $138,600
Closed Morreale Brian P $135,000
Previous Owner Hurt Curtis L $138,446
Closed Shr Paulus Drive Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2018 10/25/18 Sold $180,000 +0.6% $50 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
08/22/2018 08/22/18 Price Changed $178,900 -0.6% $50 / Sq Ft
06/30/2018 06/30/18 For Sale $179,900 -- $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 $3,590 $78,050 $14,840 $63,210
2023 $3,637 $64,160 $11,130 $53,030
2022 $3,635 $64,160 $11,130 $53,030
2021 $3,642 $64,160 $11,130 $53,030
2020 $3,367 $52,890 $11,130 $41,760
2019 $3,367 $52,890 $11,130 $41,760
2017 $3,089 $45,640 $11,130 $34,510
2016 $3,082 $45,640 $11,130 $34,510
Source: Public Records

Agents Affiliated with this Home

  • Jim Horovitz

    Seller's Agent in 2018

    Jim Horovitz

    Coldwell Banker Schmidt Realty

    (330) 714-4621

    97 Total Sales

    Section Image
  • Patrick Riley

    Buyer's Agent in 2018

    Patrick Riley

    Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

    (330) 697-5411

    248 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 4014066

MLS Now

APN: 17-011-20-00-109-000

Ohio Portage County Kent 44240 Middlebury

720 Paulus Dr, Kent, OH

This home is located at 720 Paulus Dr, Kent, OH 44240 since 30 June 2018 and is currently estimated at $255,006, approximately $70 per square foot. This property was built in 1978. 720 Paulus Dr is a home located in Portage County with nearby schools including Longcoy Elementary School, Stanton Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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