157 Burton Ave, Akron, OH 44302

3 beds1.5 baths1,413 sqft

Foreclosed
Foreclosure Estimate: $40,652
Below Zestimate®: $5K (11%)

This property is owned by a bank or a lender who took ownership through foreclosure proceedings. It may soon be listed for sale. This property is not found on a multiple listing service (MLS).

A Foreclosure Estimate is the price Zillow predicts a property will sell for if it's listed as a foreclosure (bank-owned property or real estate owned). Learn more

Zillow predicts this property will sell for $40,652 if it's listed for sale as a foreclosure. This is 11.0% or $5,025 below the Zestimate® home valuation of $45,677. Learn more

My Notes

Edit
157 Burton Ave, Akron, OH 44302Located in Akron, OH this 1,413 sqft single family house is ready for a face lift. This 3 bedroom/ 1.5 bathroom cutie is in a great area of Akron and is in the Akron City School District. The property needs some interior updating. See pictures for more details. Contact us for showings at (215) 315-3839If you are looking to buy, fix, and re-sell (flip) this property then below is some analysis:If you are looking to buy and hold (rental property) this property then below is some analysis:Rental AnalysisPurchase Price: $24,900Total Estimated Repairs: $14,130Reinstatement Costs: $0Transfer Tax: $100Closing Costs (sale): $498Buyer's initial cost: $39,628Monthly Rental Income: $650Vacancy: $65Taxes: $170HOA Fees: $0Insurance: $67Property Management: $0Utilities: $0Repairs: $65Net Monthly Operating Income: $283Annual cash return: 8.6%If you are looking to buy, fix, and re-sell (flip) this property then below is some analysis:Fix 'n Flip Analysis Purchase Price: $ 24,900Total Estimated Repairs: $ 21,195Reinstatement Costs: $0 Transfer Tax: $ 100Closing Costs: $498 Buyer's initial cost: $46,693 After Repaired Value: $ 75,000Buyer's initial cost: $ 46,693Selling Costs: $ 4,500Transfer Tax: $ 300Closing Costs: $1,500 Anticipated Gross Profit: $22,007*Overhead and Holding Costs NOT included since varies per investorOccupancy: vacant Layout: colonialSq Footage: 1,413Year Built: 1919Comparable Sales COMPS 1060 W Exchange St $80,000 3 /2 1829sqft1031 Emma Ave $88,000 3/2 1630sqftCall us for Access:215-315-3839  More Less 

Facts

  • Lot: 3,010 sqft
  • Single Family
  • Built in 1919
  • 6419 days on Zillow
  • Views: 637 all time views
  • 4 shoppers saved this home
  • Cooling: Central
  • Heating: Other
  • Last sold: Oct 1997 for $38,000

Features

  • Fireplace
  • Parking: Garage - Detached, 240 sqft

    Construction

    • Room count: 7
    • Stories: 2
    • Structure type: Colonial
    • Unit count: 1

    Other

    • Floor size: 1,413 sqft
    • Lot depth: 86
    • Lot width: 35
    • Parcel #: 6844211
    • Zillow Home ID: 35478577

    Foreclosure Information 

    DATEForeclosed$000,000The lender, Unknown, has taken ownership of this property through a foreclosure auction for the amount of $000,000. The lender may list it for sale as a foreclosure property in the future. Zillow's Foreclosure Estimate predicts this property will sell for $000,000
    DATEForeclosure auction$000,000The owner of this property has been served a Notice of Trustee Sale which led to foreclosure and the lender taking ownership. A foreclosure auction was held on Date
    DATEHome in default$000,000The owner of this property has been served a Notice of Default. The loan in default was issued by Unknown on Date in the amount of $000,000
    DATEPrevious sale$000,000The home was last sold for $000,000.
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    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $45,677
    +$543 Last 30 days
    $41K
    $51K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $689/mo
    +$5 Last 30 days
    $593
    $861
    Zestimate range
    Zestimate forecast
    $XXX,XXX
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    One year
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    Comparable Homes

    Homes like this sold for $32-59K.

    $20K
    $70K

    Popularity on Zillow

    4 shoppers saved
    this home to their list of favorites

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts Highland Square home values will rise 1.4% next year, compared to a 1% increase for Akron as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In Highland Square, the number of foreclosures waiting to be sold is 7.5% higher than in Akron, and 144.8% greater than the national average. This higher local number may prevent Highland Square home values from rising as quickly as other regions in Akron.

    Learn more about forecast calculations or Highland Square home values.
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      Nearby Schools in Akron

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org