NOT LISTED FOR SALE

874 Mentor Ave Unit 4 Painesville, OH 44077

Estimated Value: $234,641 - $307,000

7 Beds
3 Baths
4,177 Sq Ft
$67/Sq Ft Est. Value

Last Sold November 24, 2015

Last sale price $130,000 $31 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $1,974/month

79 Days on Market

Highlights

  • 0.63 Acre Lot
  • 3 Car Detached Garage
  • 4-minute walk to Lathrop Park
  • Wooded Lot
  • Baseboard Heating

About This Home

As of November 2015

Investment opportunity with this well maintained four unit property near the city. This property has been kept up by current owner and has good income potential. It is currently 75% occupied and normally 100% consistently. All units have nice size rooms and kitchens as well as private entrances. First floor laundry with coin operated machines for convenience. Separate meters and boilers for each unit. All boilers are well maintained and mostly newer. The upper part of the home has a newer roof. Three car detached garage offers additional income potential. Nice park like setting for tenants. Income and expense sheet available for serious investors. Close to the local YMCA, shopping and freeway access.

Last Agent to Sell the Property

Steve Forsythe

Platinum Real Estate License #268874 Listed on: 06/11/2015

Platinum Real Estate

Last Buyer's Agent

Rhonda Battig

Century 21 Homestar License #2006005198

Century 21 Homestar

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.63 Acre Lot
  • Wooded Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,177 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 15-C-036-A-00-023-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1880
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Full, Unfinished
  • Living Area Sq Ft: 4177
  • Estimated Total Living Area: 4177

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Electric
  • Garage Num Of Cars: 3

Utilities

  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Baseboard
  • Water/Sewer: Public Water, Public Sewer

Fee Information

  • Op Expenses: 7231.00

Schools

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

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.6300
  • Parcel Number: 15-C-036-A-00-023-0

Rental Info

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

Multi Family

  • Unit Count: 3
  • Gross Income: 29220.00
  • Net Income: 21989.00
  • Num Of Buildings: 1
  • Number of Units: 3
  • Percent Units Occupied: 100

Tax Info

  • Tax: 3927

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2019
Sold by
324 Properties Llc
Bought by
Dugan Jennifer R and Dugan Michael F
Current Estimated Value
$268,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jan 21, 2016
Sold by
Dugan Michael and Dugan Jennifer
Bought by
324 Properties Llc
Seller's Agent
Steve Forsythe
Platinum Real Estate
Buyer's Agent
Rhonda Battig
Century 21 Homestar
List Price
$174,900
Sold Price
$130,000
Premium/Discount to List
-$44,900
-25.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$97,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2015
Closed on
Nov 24, 2015
Sold by
Castilyn Terrance G and Castilyn Marlene
Bought by
Dugan Michael
Seller's Agent
Steve Forsythe
Platinum Real Estate
Buyer's Agent
Rhonda Battig
Century 21 Homestar
List Price
$174,900
Sold Price
$130,000
Premium/Discount to List
-$44,900
-25.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2003
Sold by
Chiappone Russell and Chiappone Marge A
Bought by
Castilyn Terrance G and Castilyn Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
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
Dugan Jennifer R -- Northstar Title Services Llc
324 Properties Llc -- None Available
Dugan Michael $130,000 None Available
Castilyn Terrance G $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dugan Michael F $124,800
Closed Dugan Jennifer R $122,500
Previous Owner 324 Properties Llc $105,570
Previous Owner Dugan Michael $97,500
Previous Owner Castilyn Terrance G $136,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2015 11/24/15 Sold $130,000 -25.7% $31 / Sq Ft
08/29/2015 08/29/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $174,900 -- $42 / 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
2023 $6,068 $49,000 $9,890 $39,110
2022 $3,120 $49,000 $9,890 $39,110
2021 $3,120 $49,000 $9,890 $39,110
2020 $3,546 $49,000 $9,890 $39,110
2019 $3,578 $49,000 $9,890 $39,110
2018 $3,712 $53,820 $18,850 $34,970
2017 $3,964 $53,820 $18,850 $34,970
2016 $3,944 $53,820 $18,850 $34,970
2015 $3,811 $53,820 $18,850 $34,970
2014 $3,801 $53,820 $18,850 $34,970
2013 $3,786 $53,820 $18,850 $34,970
Source: Public Records

Agents Affiliated with this Home

  • Steve Forsythe

    Seller's Agent in 2015

    Steve Forsythe

    Platinum Real Estate

    (440) 341-1830

    38 in this area

    354 Total Sales

    Section Image
  • Rhonda Battig

    Buyer's Agent in 2015

    Rhonda Battig

    Century 21 Homestar

    (440) 669-7839

    10 in this area

    124 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 3719430

MLS Now

APN: 15-C-036-A-00-023

Ohio Lake County Painesville 44077

874 Mentor Ave Unit 4, Painesville, OH

This home is located at 874 Mentor Ave Unit 4, Painesville, OH 44077 since 11 June 2015 and is currently estimated at $278,660, approximately $66 per square foot. This property was built in 1880. 874 Mentor Ave Unit 4 is a home located in Lake County with nearby schools including Maple Elementary School, Heritage Middle School, and Harvey 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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