new - 3 days on rocket

487 Palmetto Ave, Akron, OH, 44301

$79,900

Home List Price

$949*

Closing Credit

3 Bedrooms
1 Full Bath
1,439 SqFt
$56/SqFt
House

Location

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487 Palmetto Ave, Akron$79,900

Buyer Closing Credits

$949*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, No Garage, Paved
Year Built1919
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #5093702
Lot Size0.11 Acres
StatusActive

About 487 Palmetto Ave

Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income. The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1919
  • Stories: 2
  • Living Area: 1,439 SqFt

Listing Office:

  • Office Name: Keller Williams Chervenic Rlty
  • Office Phone: (330) 800-4255
  • Listing Agent: Darlene Hall

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, No Garage, Paved

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: E. Wilbeth to Palmetto Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $79,900
  • Price Per SqFt: $56/SqFt

Tax Information:

  • Annual Amount: $1,326
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Akron, OH.

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Akron, OH

City

Med. Sold Price

$145K

Med. Price/SqFt

$108

Avg. Days On Market

35

# of Sold Homes

208

487 Palmetto Ave vs Akron

3 DAYS ON ROCKET

-32 Days

$79,900

-$65.1K Less

$56/SqFt

-$52 Less

KEY TAKEAWAY

This property is $65.1K less than the Median Sold Price and $52/SqFt less than other homes in Akron, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5093702

Listing Office:

  • Office Name: Keller Williams Chervenic Rlty
  • Office Phone: (330) 800-4255
  • Listing Agent: Darlene Hall

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/15/2025, 8:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 03, 2010Home Sold
$28,500
Aug 19, 2010Home Sold
$20,500
Apr 22, 2005Home Sold
$95,000
Sep 01, 2004Home Sold
$58,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,326$24,800
2019$1,326$17,392
2018$1,308$17,392
2017$1,308$17,392

History based on county public records data.

Payment Calculator

$466

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$306

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2598171
4
/10

  • Firestone Park Elementary School

  • 1479 Girard St

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-2598172
2
/10

  • Eagle Elementary of Akron

  • 1338 Virginia Ave

  • 0.68 miles

  • Public Charter Grades KG-5

school-card-donut-2598173
5
/10

  • Voris Community Learning Center

  • 1885 Glenmount Ave

  • 0.69 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,257. The most common annual income of people living in Akron, OH is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 487 Palmetto Ave

What is the listing price of this property?

The listing price of 487 Palmetto Ave property is $79,900.

What type of property is this?

The property 487 Palmetto Ave is a house located in Akron, Ohio, 44301.

Is this property for sale now?

Active Listing: 487 Palmetto Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,326 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 3, 2010 for $28,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 487 Palmetto Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 487 Palmetto Ave is 1,439 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 487 Palmetto Ave is 1919.

Rocket Homes›Ohio›Summit County›Akron›44301›487 Palmetto Ave

This home is located at 487 Palmetto Ave in Akron, OH and zip code 44301 in the Firestone Park neighborhood. This 1,439 square foot home, which was built in 1919, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 11, 2025 and is currently priced at $79,900.

Akron, OH housing market in December 2024 saw over 47 listings sold above listed price, more than 33 sold at listed price and over 123 sold below. The number of homes for sale in Akron, OH decreased by 9.5% between November 2024 and December 2024. In December 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $145,000.

From Rocket Homes Real Estate and based on county public records data.

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