NOT LISTED FOR SALE

721 Annapolis Ave Akron, OH 44310

Chapel Hill Neighborhood

Estimated Value: $118,000 - $147,000

4 Beds
2 Baths
1,416 Sq Ft
$92/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $87,500 $62 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $830/month

12 Days on Market

Highlights

  • 2 Car Attached Garage
  • East Facing Home
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of January 2021

A great investment opportunity awaits the new owner of this 1967 ranch-style twin plex in North Akron. Family owned since it was built and currently occupied AMHA. Tenants from each unit pay respective utilities (separate electric, gas, water meters, and laundry hook-ups in shared basement). Updates to unit 719 include kitchen and bathroom flooring (2019) as well as electric stove and refrigerator (2020). Unit 721 has had newer stove and refrigerator, bathroom renovation, fresh paint, and new flooring added in 2017. Other updates include glass block windows as well as newer garage doors, storm doors, and front windows. A shared lower level, two-stall garage rests under unit 721. This rental property is close to shopping, restaurants, and major expressways.

Last Agent to Sell the Property

Barry Brizes

EXP Realty, LLC. License #426132 Listed on: 11/18/2020

EXP Realty, LLC.

Last Buyer's Agent

Vanessa Wadlington

Keller Williams Chervenic Rlty License #2015002730

Keller Williams Chervenic Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,877

Year Built

  • Built in 1967

Lot Details

  • 6,164 Sq Ft Lot
  • Street terminates at a dead end
  • East Facing Home
  • Unpaved Streets

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Terra Alta Community

Listing and Financial Details

  • Tenant pays for electric, gas, heating, sewer, trash collection, water
  • Assessor Parcel Number 6831396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,877

Year Built

Built in 1967

Lot Details

6,164 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: East
  • Price Per Square Foot: 61.79
  • Estimated Price per Sq Ft: 61.79
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1416
  • Year Built: 1967
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1967

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Partial, Unfinished
  • Sq Ft Approx Above Grade Finished: 1416.00
  • Sq Ft Approx Total Finished: 1416.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: 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: Terra Alta

Schools

  • School District: Akron CSD

Lot Info

  • Lot Description: Dead End Street
  • Lot Size Units: Acres
  • Acres: 0.1415
  • Parcel Number: 6831396

Rental Info

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

Multi Family

  • Unit Count: 2
  • Gross Income: 13764.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1877

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Jan 22, 2021
Sold by
Scenic Way Properties Llc
Bought by
Lama Arjun and Lama Manuz
Seller's Agent
Barry Brizes
EXP Realty, LLC.
Buyer's Agent
Vanessa Wadlington
Keller Williams Chervenic Rlty
List Price
$95,000
Sold Price
$87,500
Premium/Discount to List
-$7,500
-7.89%
Current Estimated Value
$130,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,090
Avg. Annual Appreciation
8.17%
Original Mortgage
$65,625
Outstanding Balance
$58,167
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$72,423

Purchase Details

Listed on
Nov 18, 2020
Closed on
Jan 20, 2021
Sold by
Scenic Way Properties Llc
Bought by
Lama Arjun and Lama Manuz
Seller's Agent
Barry Brizes
EXP Realty, LLC.
Buyer's Agent
Vanessa Wadlington
Keller Williams Chervenic Rlty
List Price
$95,000
Sold Price
$87,500
Premium/Discount to List
-$7,500
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,625
Outstanding Balance
$58,167
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$72,423

Purchase Details

Closed on
Apr 6, 2016
Sold by
Benko Denise A
Bought by
Scenic Way Properties Llc

Purchase Details

Closed on
Feb 23, 2016
Sold by
Houska Erika
Bought by
Benko Denise A

Purchase Details

Closed on
Nov 9, 2015
Sold by
Houska Erika
Bought by
Houska Erika and Kenneth J Azar Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lama Arjun $87,500 Chicago Title
Lama Arjun $87,500 Chicago Title Insurance Co
Scenic Way Properties Llc $43,597 American Land Title Affilile
Benko Denise A -- None Available
Houska Erika -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lama Arjun $65,625
Closed Lama Arjun $65,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2021 01/21/21 Sold $87,500 -7.9% $62 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $95,000 -- $67 / Sq Ft
Source: MLS Now

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 $1,884 $32,333 $6,629 $25,704
2024 $1,884 $32,333 $6,629 $25,704
2023 $1,884 $32,333 $6,629 $25,704
2022 $1,980 $25,866 $5,303 $20,563
2021 $1,882 $25,866 $5,303 $20,563
2020 $2,284 $25,860 $5,300 $20,560
2019 $1,877 $22,420 $6,000 $16,420
2018 $1,755 $22,420 $6,000 $16,420
2017 $1,565 $22,420 $6,000 $16,420
2016 $1,566 $20,340 $6,000 $14,340
2015 $1,565 $20,340 $6,000 $14,340
2014 $1,553 $20,340 $6,000 $14,340
2013 $1,589 $21,300 $6,000 $15,300
Source: Public Records

Agents Affiliated with this Home

  • Barry Brizes

    Seller's Agent in 2021

    Barry Brizes

    EXP Realty, LLC.

    (330) 329-7725

    5 in this area

    181 Total Sales

    Barry Brizes
    Section Image
  • Vanessa Wadlington

    Buyer's Agent in 2021

    Vanessa Wadlington

    Keller Williams Chervenic Rlty

    (330) 256-3775

    2 in this area

    75 Total Sales

    Vanessa Wadlington
    Section Image
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Map

Source: MLS Now

MLS Number: 4240443

MLS Now

APN: 68-31396

Ohio Summit County Akron 44310 Chapel Hill

721 Annapolis Ave, Akron, OH

Not Listed for Sale

MultiFamily

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