Owner
$296,478
442 FERNWOOD AVE, TALLMADGE, OH
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
1,832
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Garage
2 Stories
Full Basement
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1968
Building Size
1,832 sq ft
Lot Size
20,000 sq ft
Lot Size (Acres)
0.46 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
60-00499
County
Summit County, OH
Metro Area
Akron, OH
Zoning
—
Neighborhood/Subdivision
KNOLLWOOD EST
Lot Number
92
School District
Tallmadge City School District
Legal Description
KNOLLWOOD EST LOT 92 ALL FERNWOOD AVE
Tax & Value Information
Market Value (Total)
$242,280
Building Value
$198,150
Land Value
$44,130
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$84,799
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
7/20/2007
Recording Date
7/20/2007
Sales Document #
2007.55462698
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$11,472
Return on Investment
15.60%
After Repair Value
$326,126
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$266,830
Renovation Cost
$14,824
Closing Costs (buying)
$5,337
Holding Costs
$8,095
Selling Costs
$19,568
Total Investment
$73,527
After Repair Value (ARV)
$326,126
Total Costs
$314,654
Estimated Profit
$11,472
Cash Invested
$68,190
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area