NOT LISTED FOR SALE

124 E Market St Sandusky, OH 44870

Studio
-- Bath
-- Sq Ft
4,774 Sq Ft Lot Lot

Sale Details

Date Sold: July 15, 2021

Last sale price $875,000

330 Days on Market

Highlights

  • Storm Windows
  • Window Unit Cooling System
  • Baseboard Heating
  • Thermal Pane Windows
  • Ceiling Fan
  • 2-minute walk to Washington Park

About This Home

As of July 2021

NEW PRICE!! TURN KEY!! Be a part of Sandusky's Downtown Revitalization in this property that features 2 brick buildings with 3 store fronts and 8 rental units, many recently updated. You will definitely want to add this property to your portfolio as it brings in over $100k of income per year. The are 5 - 2 bedrooms units and 3 - 1 bedrooms units with coin-op laundry room on the 2nd floor. (See Commercial mls #20203509 for more information.) All 8 units have their own updated full bathroom, lots of newer windows & newer appliances. The 3 store fronts have plenty of retail space, private 1/2 bathrooms, tons of storage, separate basement, one with central air and 3 phase electric. Currently operating are Bay Popcorn Company, D Vision and Lakelynn Design. This property reflects Pride of Ownership and its one you too will be proud to own!

Last Agent to Sell the Property

Jill Schroeder

RE/MAX Quality Realty - Sandus License #2003020256 Listed on: 08/17/2020

RE/MAX Quality Realty - Sandus

Co-Listed By

Jim Ashton

RE/MAX Quality Realty - Sandus License #407492

Last Buyer's Agent

Joanne Berardi

North Bay Realty, LLC License #325414

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,896

Year Built

  • Built in 1920

Lot Details

  • 4,774 Sq Ft Lot

Interior Spaces

  • Ceiling Fan
  • Thermal Pane Windows
  • Storm Windows
  • Range

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 200+ Amp Service
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 560039900AND5600400000

Community Details

Overview

  • 11 Units

Building Details

  • Operating Expense $18,057
  • Gross Income $108,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,896

Year Built

Built in 1920

Lot Details

4,774 Sq Ft Lot

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1096
  • NAV29_Unit_1_Appliances: Range, Refrigerator
  • Total Gross Income: 108300
  • Co List Office Mls Id: F22101
  • MLS Status: Sold
  • Directions: Take Columbus Ave to downtown Sandusky just off of Route 6. Just a few blocks away from Sandusky Bay.
  • Carport Y N: No
  • Interior Features: Ceiling Fan(s)
  • Window Features: Storm Window(s), Thermo Pane
  • Year Built: 1920
  • Tax Year: 2020
  • Financial Info Electric: 100 Amp Service, 200+ Amp Service, Circuit Breakers, Fuses
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Sump Pump
  • Basement: Full
  • Basement YN: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Block
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Natural Gas, Baseboard, Hot Water
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Cable Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Dimensions: 2 Parcel 22 x 132 and 36 x 66
  • Lot Size Sq Ft: 4774.176
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 560039900AND5600400000

Multi Family

  • Number Of Units Total: 11
  • Annual Operating Expense: 18056.6

Tax Info

  • Tax Annual Amount: 5896.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Jul 14, 2021
Sold by
H & T Investments Llc
Bought by
Aldridge Restoration Llc
Seller's Agent
Jill Schroeder
RE/MAX Quality Realty - Sandus
Buyer's Agent
Joanne Berardi
North Bay Realty, LLC
List Price
$1,200,000
Sold Price
$875,000
Premium/Discount to List
-$325,000
-27.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Outstanding Balance
$612,492
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 1995
Sold by
Thomsen Helmut
Bought by
H T Investments
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Aldridge Restoration Llc $875,000 Hartung Title
H T Investments $180,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Aldridge Restoration Llc $684,000
Closed H T Investments $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $875,000 -27.1% --
07/13/2021 07/13/21 Pending -- -- --
08/17/2020 08/17/20 For Sale $1,200,000 -- --
Source: Firelands Association of REALTORS®

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
2025 $10,760 $186,647 $2,670 $183,977
2024 $10,760 $186,647 $2,670 $183,977
2023 $10,683 $144,224 $2,383 $141,841
2022 $9,923 $144,220 $2,383 $141,837
2021 $3,079 $42,320 $2,380 $39,940
2020 $2,789 $39,080 $2,380 $36,700
2019 $2,843 $39,080 $2,380 $36,700
2018 $2,934 $39,080 $2,380 $36,700
2017 $2,844 $37,030 $1,910 $35,120
2016 $2,841 $37,030 $1,910 $35,120
2015 $2,668 $37,200 $1,910 $35,290
2014 $2,373 $32,470 $3,210 $29,260
2013 $538 $32,470 $3,210 $29,260
Source: Public Records

Agents Affiliated with this Home

  • Jill Schroeder

    Seller's Agent in 2021

    Jill Schroeder

    RE/MAX Quality Realty - Sandus

    (419) 366-8044

    40 in this area

    70 Total Sales

    Jill Schroeder
    Section Image
  • Jim Ashton

    Seller Co-Listing Agent in 2021

    Jim Ashton

    RE/MAX Quality Realty - Sandus

    (419) 656-0576

    62 in this area

    95 Total Sales

    Jim Ashton
    Section Image
  • Joanne Berardi

    Buyer's Agent in 2021

    Joanne Berardi

    North Bay Realty, LLC

    (419) 357-0010

    22 in this area

    79 Total Sales

    Joanne Berardi
    Section Image

  • D

    Buyer Co-Listing Agent in 2021

    Default zSystem

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Map

Source: Firelands Association of REALTORS®

MLS Number: 20203548

APN: 56-00399-000

Ohio Erie County Sandusky 44870

124 E Market St, Sandusky, OH

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