944 Wallwood Dr · Pigeon Creek, OH 44321

$300,000

3 bd · 2.0 ba · 1,929 sqft · SingleFamily public records · 8 Days on market

Built 1962 0.51 ac lot $156/sqft · 23% below area Est $413k · 27% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +11.0/30.0
• Schools +6.8/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

When you first arrive at 944 Wallwood Dr, stop for a moment to take in the tranquility that surrounds the property. This split-level, located in the highly sought after Blue Bird Lake community, is not only situated at the end of a quiet cul-de-sac, but is also next to 20 acres of woods. Upon entering the home, you will be greeted by bright natural light beaming through the large windows throughout the first level. Walk into the newly updated kitchen (2019) which has been partially opened up into the living room and features new countertops, dishwasher, stovetop, refrigerator, and large farmhouse sink. Making your way through the dining and living room, notice the beautiful hardwood floors and the fireplace surrounded by built-ins. Head to the upper level where you will find the Master Bedroom with its own bath, as well as 2 more bedrooms and another full bath. Cozy up in the finished lower level next to the woodburning stove surrounded by a brick hearth. Before going outside, check ou

Key facts

• 0.51 acre lot
• 2 garage spots
• Built 1962

Property features AI

Finance

• HOA & community: Community amenities include fishing, lake access, playground and park

Exterior

• Parking: Attached 2-car garage; Driveway
• Utilities: Well water; Septic tank
• Home design: Two-story house; Above-grade finished area approximately 2,032 (source: assessor)
• Construction: Brick and wood siding exterior; Asphalt/fiberglass roof
• Exterior features: Covered front porch; Patio; Back yard

Interior

• Kitchen: Built-in oven; Microwave; Range
• Bedrooms: Total of 7 rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced-air heating (gas); Central air conditioning
• Interior features: Partially finished basement; 2 fireplaces
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-126 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $278k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (16.7% below list).
• Recommended offer: $250k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.3% in Pigeon Creek — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#522 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Copley-Fairlawn City (suburban): math 77% / reading 79% proficiency, ranked #58 of 656 in OH (top 9%) — strong family-tenant draw, lease renewals of 3-5y typical; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: 71 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $249,794 (16.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.83% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.80%
• DSCR: 0.92
• GRM: 10.0

CMA / ARV

• ARV (median comp): $412,708
• List price: $300,000
• Delta: -27.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
944 Wallwood Dr	0.00mi	3/2.0	2,032 (+5%)	0mo	$375,000	$185	91
4512 Conestoga Trl	0.14mi	4/2.0 (+1)	1,898 (-2%)	12mo	$330,000	$174	76
920 Wallwood Dr	0.04mi	3/2.5	2,000 (+4%)	17mo	$530,000	$265	75
813 Bridlewood Dr	0.62mi	3/2.5	1,932 (+0%)	7mo	$390,000	$202	63
941 S Hametown Rd	0.48mi	4/2.5 (+1)	2,016 (+4%)	4mo	$397,000	$197	59
4401 Conestoga Trl	0.35mi	4/2.5 (+1)	2,076 (+8%)	9mo	$420,000	$202	56
4366 Ridgewood Rd	0.46mi	3/1.5	1,824 (-5%)	13mo	$320,000	$175	56
649 S Medina Line Rd	0.72mi	4/2.5 (+1)	1,972 (+2%)	5mo	$500,000	$254	52
928 S Hametown Rd	0.45mi	4/2.0 (+1)	1,744 (-10%)	18mo	$309,500	$177	43
892 Clearwood Rd	0.55mi	4/2.5 (+1)	2,208 (+14%)	5mo	$415,000	$188	39
4388 Wedgewood Dr	0.73mi	4/3.0 (+1)	2,196 (+14%)	1mo	$380,000	$173	33
5116 Shillings Way	0.66mi	4/3.5 (+1)	2,184 (+13%)	9mo	$420,000	$192	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.33×
• Total profit: $-56,604
• Equity at exit: $44,731

10-year hold

• IRR: -11.9%
• Equity multiple: 0.29×
• Total profit: $-59,429
• Equity at exit: $25,939

Cash invested: $84,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44321

• Active inventory: 71
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,498 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$401 /mo · $4,817/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $-126

Break-even live

Break-even rent $2,658

Max offer price $277,687

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4509 Millbrook Way Copley, OH	4.0	2.5	2550	$3,200	$1.25	43d	1	1.35mi
442 Turner Dr Copley, OH	2.0	2.5	1592	$2,000	$1.26	21d	1	1.46mi
461 Turner Dr Copley, OH	2.0	2.5	1592	$1,975	$1.24	43d	1	1.47mi
167 Creekledge Ln Copley, OH	3.0	2.5	1670	$2,600	$1.56	1d	1	1.49mi

Listing history 16 events

1. 2026-05-12
   status Active 1944-char remark
2. 2026-05-07
   listed $300,000 Active 1944-char remark
3. 2021-10-22
   soldstatus $312,000 Closed 1000-char remark

   Show marketing remark (1000 chars)

   When you first arrive at 944 Wallwood Dr, stop for a moment to take in the tranquility that surrounds the property. This split-level, located in the highly sought after Blue Bird Lake community, is not only situated at the end of a quiet cul-de-sac, but is also next to 20 acres of woods. Upon entering the home, you will be greeted by bright natural light beaming through the large windows throughout the first level. Walk into the newly updated kitchen (2019) which has been partially opened up into the living room and features new countertops, dishwasher, stovetop, refrigerator, and large farmhouse sink. Making your way through the dining and living room, notice the beautiful hardwood floors and the fireplace surrounded by built-ins. Head to the upper level where you will find the Master Bedroom with its own bath, as well as 2 more bedrooms and another full bath. Cozy up in the finished lower level next to the woodburning stove surrounded by a brick hearth. Before going outside, check ou

4. 2021-09-25
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   When you first arrive at 944 Wallwood Dr, stop for a moment to take in the tranquility that surrounds the property. This split-level, located in the highly sought after Blue Bird Lake community, is not only situated at the end of a quiet cul-de-sac, but is also next to 20 acres of woods. Upon entering the home, you will be greeted by bright natural light beaming through the large windows throughout the first level. Walk into the newly updated kitchen (2019) which has been partially opened up into the living room and features new countertops, dishwasher, stovetop, refrigerator, and large farmhouse sink. Making your way through the dining and living room, notice the beautiful hardwood floors and the fireplace surrounded by built-ins. Head to the upper level where you will find the Master Bedroom with its own bath, as well as 2 more bedrooms and another full bath. Cozy up in the finished lower level next to the woodburning stove surrounded by a brick hearth. Before going outside, check ou

5. 2021-09-23
   listed $309,900 Active 1000-char remark

   Show marketing remark (1000 chars)

   When you first arrive at 944 Wallwood Dr, stop for a moment to take in the tranquility that surrounds the property. This split-level, located in the highly sought after Blue Bird Lake community, is not only situated at the end of a quiet cul-de-sac, but is also next to 20 acres of woods. Upon entering the home, you will be greeted by bright natural light beaming through the large windows throughout the first level. Walk into the newly updated kitchen (2019) which has been partially opened up into the living room and features new countertops, dishwasher, stovetop, refrigerator, and large farmhouse sink. Making your way through the dining and living room, notice the beautiful hardwood floors and the fireplace surrounded by built-ins. Head to the upper level where you will find the Master Bedroom with its own bath, as well as 2 more bedrooms and another full bath. Cozy up in the finished lower level next to the woodburning stove surrounded by a brick hearth. Before going outside, check ou

6. 2013-05-24
   soldstatus $171,500

   Show marketing remark (988 chars)

   You've got to see this!! If you're looking for a nice, bright and clean home, with modern decor, then look no further! This spacious split has been loved and cared for, and is the nicest home for sale in this price range! Here are 4 reasons why this one is a winner: 1) Clean modern decorating throughout, and modern fixtures! 2) Almost 2,000 square feet of living space! 3) Three living areas- A big living room with a gas fireplace; A family room with an Anderson sliding door that leads to an awesome patio! A recroom area that makes a great playroom or exercise room! 4) HUGE private backyard with a shed and an invisible fence system! EXTRAS- New garage door, water heater & water softener-2007. New shed-2008. New driveway and garage floor-2010. New shower, toilet & ceramic tile in master bath-2011. New kitchen floor-2012. Roof shingles & well pump new in 2004. Fresh paint throughout. Plus, owner is offering a home warranty for added peace of mind! HURRY!!

7. 2013-05-24
   soldstatus $171,500

   Show marketing remark (988 chars)

   You've got to see this!! If you're looking for a nice, bright and clean home, with modern decor, then look no further! This spacious split has been loved and cared for, and is the nicest home for sale in this price range! Here are 4 reasons why this one is a winner: 1) Clean modern decorating throughout, and modern fixtures! 2) Almost 2,000 square feet of living space! 3) Three living areas- A big living room with a gas fireplace; A family room with an Anderson sliding door that leads to an awesome patio! A recroom area that makes a great playroom or exercise room! 4) HUGE private backyard with a shed and an invisible fence system! EXTRAS- New garage door, water heater & water softener-2007. New shed-2008. New driveway and garage floor-2010. New shower, toilet & ceramic tile in master bath-2011. New kitchen floor-2012. Roof shingles & well pump new in 2004. Fresh paint throughout. Plus, owner is offering a home warranty for added peace of mind! HURRY!!

8. 2013-02-22
   listed $174,850

   Show marketing remark (988 chars)

   You've got to see this!! If you're looking for a nice, bright and clean home, with modern decor, then look no further! This spacious split has been loved and cared for, and is the nicest home for sale in this price range! Here are 4 reasons why this one is a winner: 1) Clean modern decorating throughout, and modern fixtures! 2) Almost 2,000 square feet of living space! 3) Three living areas- A big living room with a gas fireplace; A family room with an Anderson sliding door that leads to an awesome patio! A recroom area that makes a great playroom or exercise room! 4) HUGE private backyard with a shed and an invisible fence system! EXTRAS- New garage door, water heater & water softener-2007. New shed-2008. New driveway and garage floor-2010. New shower, toilet & ceramic tile in master bath-2011. New kitchen floor-2012. Roof shingles & well pump new in 2004. Fresh paint throughout. Plus, owner is offering a home warranty for added peace of mind! HURRY!!

9. 2005-02-25
   soldstatus $184,500
10. 2005-02-24
    soldstatus $184,500
11. 2004-06-15
    listed $189,900
12. 1997-05-16
    soldstatus $152,000
13. 1997-04-07
    listed $159,900
14. 1993-11-01
    soldstatus $116,000
15. 1988-01-04
    soldstatus $95,000
16. 1978-06-26
    soldstatus $69,250

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $4,817 · $401/mo
• Projected year-2 tax: $4,817 · $401/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,975
• − Mortgage interest: −$16,805
• − Property taxes: −$4,817
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,398
• − Management: −$2,398
• − Depreciation: −$8,727
• Taxable loss: −$6,670
• Est. tax savings @ 24.0%: +$1,601
• After-tax cash flow: $85/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Copley-Fairlawn City
• NCES district ID: 3904998
• Math proficiency: 77% ▼ -6.00%
• Reading proficiency: 79% ▼ -5.00%
• Median HH income: $66,228
• Composite: 67.55/100
• National rank: #370
• State rank: #58 of 656 in OH

Livability — Pigeon Creek

• Score: 69/100
• State rank: #522
• US rank: #8886

Category grades

Amenities F Commute F Cost of living A Crime A+ Employment A+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pigeon Creek, OH
• County: Summit County · 440,783 people
• Metro: Akron, OH
• Population (ZIP): 15,878
• Household income: $119,178
• Rent vs Own: 25.7% rent · 74.3% own
• Severe rent burden: 156.0

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Two or more races 9% Black 9% Asian 7% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Slovak 3% Serbian 1%
• Foreign-born: 11% · China, Canada
• Languages at home: 89% English-only · Other Indo-European 3% Chinese 2% Other Asian/Pacific 2%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -127.90%
• Current HPI: 195.821
• Rent YoY: —
• Metro: Akron, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+441.5% since first listed

18 events — show timeline

• 2026-06-10 Sold (MLS) $375,000 MLSNOW
• 2026-05-20 Pending — MLSNOW
• 2026-05-12 Relisted — MLSNOW
• 2026-05-07 Listed $300,000 MLSNOW
• 2021-10-22 Sold (MLS) $312,000 MLSNOW
• 2021-09-25 Pending — MLSNOW
• 2021-09-23 Listed $309,900 MLSNOW
• 2013-05-24 Sold (Public Records) $171,500 Public Records
• 2013-05-24 Sold (MLS) $171,500 MLSNOW
• 2013-02-22 Listed $174,850 MLSNOW
• 2005-02-25 Sold (Public Records) $184,500 Public Records
• 2005-02-24 Sold (MLS) $184,500 MLSNOW
• 2004-06-15 Listed $189,900 MLSNOW
• 1997-05-16 Sold (Public Records) $152,000 Public Records
• 1997-04-07 Listed $159,900 MLSNOW
• 1993-11-01 Sold (Public Records) $116,000 Public Records
• 1988-01-04 Sold (Public Records) $95,000 Public Records
• 1978-06-26 Sold (Public Records) $69,250 Public Records

Property tax history

+3.1%/yr

Latest (2025): $4,817 · -0.5% YoY. Source: county tax records.