NOT LISTED FOR SALE

85 W South St Painesville, OH 44077

Estimated Value: $156,000 - $195,000

4 Beds
2 Baths
2,426 Sq Ft
$72/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $78,000 $32 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,348/month

8 Days on Market

About This Home

As of February 2023

Large side by side duplex in a great part of Painesville! One side is tenant occupied and the other is vacant with demo/renovations started. Long time tenant wants to stay and no lease is currently in place. Both units are 2 bed and 1 full bath. Great opportunity for an investor or owner occupant with skills to finish one side while having a tenant in the other

Last Agent to Sell the Property

Tim Ambrose

Keller Williams Greater Cleveland Northeast License #2007005157 Listed on: 12/12/2022

Keller Williams Greater Cleveland Northeast

Last Buyer's Agent

Connor Cline

Platinum Real Estate License #2015002456

Platinum Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 5,310 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • S Hickson Surv/Said City And F Community

Listing and Financial Details

  • Assessor Parcel Number 15-C-007-0-00-041-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 32.15
  • Estimated Price per Sq Ft: 32.15
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2426
  • Year Built: 1880
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2426.00
  • Sq Ft Approx Total Finished: 2426.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: S Hickson Surv/Said City And F

Schools

  • School District: Painesville City LSD
  • School District: Painesville City LSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1219
  • Parcel Number: 15-C-007-0-00-041-0

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 2566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2022
Closed on
Feb 8, 2023
Sold by
Tax Ease Funding 2016-1 Reo Llc
Bought by
Reestablished Investment Opportunities Llc
Seller's Agent
Tim Ambrose
Keller Williams Greater Cleveland Northeast
Buyer's Agent
Connor Cline
Platinum Real Estate
List Price
$75,000
Sold Price
$78,000
Premium/Discount to List
$3,000
4%
Views
116
Current Estimated Value
$174,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,685
Avg. Annual Appreciation
28.60%

Purchase Details

Closed on
Jul 19, 2022
Sold by
Sheriff Of Lake County
Bought by
Cc1 Oh Reo Llc

Purchase Details

Closed on
Sep 15, 2014
Sold by
Loiacono Frank
Bought by
Frank Loiacono Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2011
Sold by
Caruso Jean M
Bought by
Loiacano Frank

Purchase Details

Closed on
Feb 26, 2001
Sold by
Geiger Byron C and Geiger Sharon L
Bought by
Caruso Jean M

Purchase Details

Closed on
Dec 12, 1989
Bought by
Geiger Byron C
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
Reestablished Investment Opportunities Llc $78,000 Enterprise Title
Tax Ease Funding 2016-1 Reo Llc -- Enterprise Title
Cc1 Oh Reo Llc $14,387 Leonbruno Frank
Frank Loiacono Llc -- None Available
Loiacano Frank $40,000 Conway
Caruso Jean M $90,000 Conway Land Title Company
Geiger Byron C $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frank Loiacono Llc $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2023 02/14/23 Sold $78,000 +4.0% $32 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $75,000 -- $31 / 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 -- $55,390 $6,520 $48,870
2023 $4,848 $39,150 $5,370 $33,780
2022 $2,476 $39,150 $5,370 $33,780
2021 $2,566 $40,630 $6,850 $33,780
2020 $5,434 $34,430 $5,800 $28,630
2019 $2,510 $34,430 $5,800 $28,630
2018 $2,426 $30,990 $7,400 $23,590
2017 $2,294 $30,990 $7,400 $23,590
2016 $2,283 $30,990 $7,400 $23,590
2015 $2,194 $30,990 $7,400 $23,590
2014 $2,188 $30,990 $7,400 $23,590
2013 $2,180 $30,990 $7,400 $23,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4427466

MLS Now

APN: 15-C-007-0-00-041