NOT LISTED FOR SALE

Estimated Value: $100,000 - $173,000

2 Beds
1 Bath
2,900 Sq Ft
$43/Sq Ft Est. Value

Last Sold April 08, 2014

Last sale price $28,000 $10 Per Sq Ft

Est. 349% increase in value since last sale

Current estimated payment $815/month

64 Days on Market

About This Home

As of April 2014

WOW! This is a crazy one. Four little houses on 2 parcels, with lots of outbuildings and fencing. 100% occupied. And, let's make it even whackier-they all share one well....free water is a bonus! The tenants all love their little homes, are current on rent, and don't want to leave. That being said-it makes lots of $$ for a small investment! $40k out, and $1,650 a month coming in....Have your entire investment back in 24 - 30 months!!

Last Listed By

Tristam Griffith

RE/MAX Premier Choice License #2005017347 Listed on: 02/03/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.27

Parking

  • 4 Car Garage

Home Design

  • 2,900 Sq Ft Home
  • Frame Construction

Utilities

  • Heating System Uses Gas
  • Well

Additional Features

  • Washer and Dryer Hookup
  • Additional Parcels

Listing and Financial Details

  • Assessor Parcel Number 010-187706

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Operating Expense $18,150
  • Gross Income $18,150
  • Net Operating Income $18,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1954
  • Tax Year: 2013
  • Property Sub-Type: Mixed Use
  • Total Gross Income: 18150.0
  • Co List Office Phone: 800-759-1112
  • MLS Status: Closed
  • Income Expenses Gross Income: 18150.0
  • Annual Expenses: 18150.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2900.0
  • General Property Info # of Buildings: 4.0
  • Miscellaneous WD Hookups: Yes
  • Miscellaneous Garages: Yes
  • Special Features: 12
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Water Source: Well

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-187706
  • Additional Parcels Description: 010-0054D-047-01 010-0054D-047-00
  • Additional Parcels: Yes
  • Zoning Description: Residential

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 18150.0
  • Annual Operating Expense: 18150.0

Tax Info

  • Tax Annual Amount: 2601.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2014
Closed on
Apr 7, 2014
Sold by
Jolley John D and J D Jolley Investments Ltd
Bought by
Atommc Enterprises Llc
Seller's Agent
Tristam Griffith
RE/MAX Premier Choice
Buyer's Agent
Tristam Griffith
RE/MAX Premier Choice
List Price
$39,997
Sold Price
$28,000
Premium/Discount to List
-$11,997
-29.99%
Total Days on Market
64
Current Estimated Value
$125,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,660
Avg. Annual Appreciation
15.60%

Purchase Details

Closed on
Jul 18, 2003
Sold by
Jolley John
Bought by
J D Jolley Investments Ltd

Purchase Details

Closed on
Sep 16, 2002
Sold by
Drake and Drake
Bought by
Jolley John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 9, 1981
Bought by
Hummel Eleanor L E

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Atommc Enterprises Llc $28,000 Pillar Title
J D Jolley Investments Ltd -- Title First Agency Inc
Jolley John $150,000 Amerititle Mill Run
Hummel Eleanor L E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jolley John $120,000
Previous Owner Jolley John $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2014 04/08/14 Sold $28,000 -30.0% $10 / Sq Ft
03/09/2014 03/09/14 Pending -- -- --
01/30/2014 01/30/14 For Sale $39,997 -- $14 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,340 $29,230 $9,450 $19,780
2023 $1,323 $29,225 $9,450 $19,775
2022 $752 $14,150 $3,820 $10,330
2021 $753 $14,150 $3,820 $10,330
2020 $754 $14,150 $3,820 $10,330
2019 $758 $12,190 $3,330 $8,860
2018 $555 $12,190 $3,330 $8,860
2017 $677 $10,890 $3,330 $7,560
2016 $212 $3,120 $2,450 $670
2015 $354 $3,120 $2,450 $670
2014 $792 $12,780 $5,040 $7,740
2013 $732 $13,475 $5,320 $8,155
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 214010143

Columbus and Central Ohio Regional MLS

APN: 010-187706