Home for Sale at 1953 ENGLEWOOD AVENUE, AKRON, OH 44312

1953 Englewood Avenue
Akron, OH 44312

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Property Details

List Price:	$159,900
Beds:	--
Baths:	2
Status:	Pending
SqFt:	1984
Agency:	Coldwell Banker Schmidt Family Of Companies

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1918
Notes:	ATTENTION This is a residential structure, zoned commercial, and two additional residential lots. There is no kitchen or full bathroom, there are only offices and 2 half baths. This is a great opportunity for a fantastic price! Perfect spot for a real estate team office, insurance office, mortgage office, etc! 1 residential home zoned commercial on the corner of Akers and Englewood, with 6-8 offices, waiting/reception area, small kitchenette, 2 bathrooms, covered porch, separate exterior access to 2nd-floor offices, and 6 parking spaces, plus 2 residential lots on E Market St. Great high traffic location, at the bottom of the I76 exit at the convergence of Market & Mogadore in Ellet. The structure is in great shape, the first floor was used as a mortgage office for 15+ years at $1600 per month, 2nd floor was used as the owner's personal office and never collected rent. Potential rent is upwards of $2500 monthly. On the first floor, there are three private offices, plus a waiting/reception area, an open fourth office, a small kitchenette, and a bathroom. 2nd floor: three private offices, reception area plus 4th open office and bathroom w/seperate exterior entrance. When turning onto Akers from Market, everything on your right side up to the corner of Akers and Englewood is included in the sale. Two residential lots are included at the rear of the subject. All desks, filing cabinets, and other furnishings are included in the sale. Mineral rights convey. The current owner receives a check of roughly $40-$45 a month for oil rights. The three lots combined are .3992 acres. Taxes are reflected for the combined lots. The owner handled all maintenance, snow plowing, and lawn care himself, so there is no record of costs for these items.
MlsNumber:	5029979

Listing Provided By:	Coldwell Banker Schmidt Family Of Companies, original listing
Name:	Coldwell Banker Schmidt Family Of Companies
Office Name:	Portage Lakes
Office Phone:	(330) 645-2960
Agent Name:	Eric Cooper
Disclaimer:	Copyright Â© 2024 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

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