NOT LISTED FOR SALE

8755 Jackson St Mentor, OH 44060

Estimated Value: $213,245 - $313,000

6 Beds
3 Baths
3,713 Sq Ft
$69/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $130,000 $35 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,588/month

35 Days on Market

About This Home

As of January 2017

Hidden Gem in Mentor.....large Victorian colonial with 3 large apartment units on over 1 acre of land. Each unit has it's own full bath and laundry room. All units have 2 entrances. Unit 3 has entire second floor living while Units 1 and 2 share the first floor with separate entry ways. Hardwood floors, wood molding encase windows and staircase. Landlord pays Gas, Water, Sewer and Garbage. Furnace is a Hot Water Boiler system with each unit zoned and separate thermostats. Each unit has a Stove and Refrigerator and each have their own electric panel. Commercial Grade Hot Tank for whole house. Seller offering a Triplex Home Warranty.

Last Agent to Sell the Property

Victoria Villani Masar

RE/MAX Results License #420006 Listed on: 10/10/2016

RE/MAX Results

Last Buyer's Agent

Denise Zervos

Platinum Real Estate License #434229

Platinum Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,126

Year Built

  • Built in 1900

Lot Details

  • 1.37 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Flat Roof Shape
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,713 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable/electric link, electric
  • The owner pays for gas, heating, sewer, trash collection, water
  • Assessor Parcel Number 16-B-052-H-00-008-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,126

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1900
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Partial, Walk-Out
  • Living Area Sq Ft: 3713
  • Estimated Total Living Area: 3713

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass, Flat

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 2

Utilities

  • Heating Fuel: Gas
  • Heating Type: Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Fee Information

  • Op Expenses: 11700.00

Schools

  • School District: Mentor EVSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 1.3700
  • Parcel Number: 16-B-052-H-00-008-0

Rental Info

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

Multi Family

  • Unit Count: 3
  • Gross Income: 14100.00
  • Net Income: 2400.00
  • Num Of Buildings: 1
  • Number of Units: 3
  • Percent Units Occupied: 75

Tax Info

  • Tax: 3126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2016
Closed on
Jan 5, 2017
Sold by
Korn Christopher
Bought by
First Meridian Management Llc
Seller's Agent
Victoria Villani Masar
RE/MAX Results
Buyer's Agent
Denise Zervos
Platinum Real Estate
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Current Estimated Value
$255,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,061
Avg. Annual Appreciation
7.76%
Original Mortgage
$97,500
Outstanding Balance
$79,546
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$175,515

Purchase Details

Closed on
Mar 9, 1993
Bought by
Korn Christopher
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
First Meridian Management Llc $130,000 Ohio Title
Korn Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First Meridian Management Llc $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $130,000 +0.1% $35 / Sq Ft
11/14/2016 11/14/16 Pending -- -- --
11/09/2016 11/09/16 Price Changed $129,900 -7.1% $35 / Sq Ft
10/10/2016 10/10/16 For Sale $139,900 -- $38 / 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
2025 -- $83,040 $32,240 $50,800
2024 -- $83,040 $32,240 $50,800
2023 -- $84,350 $26,300 $58,050
2022 $3,987 $84,350 $26,300 $58,050
2021 $3,955 $84,350 $26,300 $58,050
2020 $2,623 $48,650 $17,410 $31,240
2019 $2,626 $48,650 $17,410 $31,240
2018 $2,634 $48,650 $17,410 $31,240
2017 $3,451 $61,050 $17,410 $43,640
2016 $3,427 $61,050 $17,410 $43,640
2015 $3,059 $61,050 $17,410 $43,640
2014 $3,000 $59,000 $17,410 $41,590
2013 $3,004 $59,000 $17,410 $41,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3852430

MLS Now

APN: 16-B-052-H-00-008