5 months on rocket

602 Commerce St, Wellsville, OH, 43968

$95,000

Home List Price

$1,128*

Closing Credit

4 Bedrooms
2 Full Baths
Multi

Location

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602 Commerce St, Wellsville$95,000

Buyer Closing Credits

$1,128*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Garage1 space
Year Built1900
HeatingForced Air
CoolingCeiling Fan(s)
BasementYes
MLS #5044610
Lot Size0.05 Acres
StatusActive

About 602 Commerce St

What if I told you that you could own this duplex for as little as $50 a month with little to no money down? Welcome to this charming duplex located in Wellsville, Ohio, listed at an affordable price of $95,000. This property features two units, each with 2 bedrooms, 1 bathroom, and its own laundry room. Perfect for both investors and owner-occupants, this duplex offers an incredible opportunity for cost-effective homeownership. With a USDA loan, you can purchase this property with 0% down, provided you occupy one of the units. Closing costs are approximately 4% of the purchase price, about $3,800, but you could negotiate with the seller to cover these costs. Private mortgage insurance (PMI) is roughly $30 a month. Based on a 30-year fixed-rate mortgage at around 7%, your total monthly payment would be approximately $798, including principal, interest, taxes, and insurance. The best part? each unit is estimated to rent out for $750 a month, significantly offsetting your costs. After accounting for this rental income, your net monthly cost to own this property would be around $50. Don’t miss this fantastic opportunity to own a versatile property with substantial rental income potential. Contact me today for more information or to schedule a private tour! *all numbers are estimates

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2

Listing Office:

  • Office Name: Underwood & Associates
  • Office Email: Underwood@BetterHomesUSA.net
  • Listing Agent: James Clark

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Wellsville Jr. Sr. High School, Public District Grades 7-12
  • Daw Elementary School, Public District Grades 4-6

Other

Directions Information:

  • Directions: from slacks antique mall head towards fire station. take right on to 6th st. home is on corner of commerce

Price Information

Listing Price Info

Price Summary:

  • List Price: $95,000

Tax Information:

  • Annual Amount: $756
  • Tax Year: 2020
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Housing Market Comparison

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

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Wellsville, OH

City

Med. Sold Price

$105K

Med. Price/SqFt

$88

Avg. Days On Market

42

# of Sold Homes

2

602 Commerce St vs Wellsville

151 DAYS ON ROCKET

+109 Days

$95,000

-$10K Less

KEY TAKEAWAY

This property is $10K less than the Median Sold Price in Wellsville, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5044610

Listing Office:

  • Office Name: Underwood & Associates
  • Office Email: Underwood@BetterHomesUSA.net
  • Listing Agent: James Clark

IDXCopyright 2024 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: 11/5/2024, 6:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 26, 2018Home Sold
$45,500

Tax History

YEARPROP. TAXASSESSMENT
2020$756$16,250
2019$697$16,250
2018$673$14,770
2017$686$14,770

History based on county public records data.

Payment Calculator

$542

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$351

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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.

Middle School

school-card-donut-41923
5
/10

  • Daw Elementary School

  • 929 Center St

  • 0.28 miles

  • Public District Grades 4-6

High School

school-card-donut-41924
4
/10

  • Wellsville Jr. Sr. High School

  • 1 Bengal Blvd

  • 0.43 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,632. Typical income of Wellsville, OH residents is less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Columbiana County›Wellsville›43968›602 Commerce St

This home is located at 602 Commerce St in Wellsville, OH and zip code 43968. This home, which was built in 1900, sits on a 0.05 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 07, 2024 and is currently priced at $95,000.

In October 2024, from all listings sold in Wellsville, OH there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. Between September 2024 and October 2024, Wellsville, OH real estate market has seen increase in the number of listings by 21.4%. While the average time on the market in October 2024 was 42 days, the median list price was $105,000.

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

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