NOT LISTED FOR SALE

127 Franklin Ave Athens, OH 45701

Estimated Value: $214,000 - $284,000

4 Beds
1.5 Baths
1,794 Sq Ft
$144/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $200,000 $111 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,022/month

21 Days on Market

Highlights

  • City View
  • Traditional Architecture
  • Double Pane Windows
  • Deck
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

As of March 2024

Add to your rental portfolio or start your investing journey with this spectacular 4 bed/1.5 bath home on Franklin - one of the most popular locations for Ohio University students! Walking distance to campus, restaurants, shopping, and Court Street! 127 Franklin even has off-street parking!! Large driveway to accommodate multiple vehicles. Spectacular views from the 2nd floor balcony and private fenced in back yard patio area! Given comparable rentals in the area, the Gross Potential Income (GPI) averages $1,807 /month ($21,684 annually). This results in an annualized Net Operating Income (NOI) of $16,767. At a purchase of $219,000, this results in a Free and Clear rate of Return (AKA Cap Rate) = 7.66%. Not to mention all of the benefits that come with owning rental property (e.g. Tax deductibility, Capital Appreciation, Rental Income, Inflation hedge, etc.) There is upside to increase the income potential and to increase Return on Investment! This home would also be perfect as owner-occupied! It's affordable, in a desirable location that's walking distance to all the best amenities in Athens, and has future potential to use as a rental.

Last Agent to Sell the Property

Melissa Prebe

Uptown Realty Group LLC License #SAL.2019004039 Listed on: 02/07/2024

Last Buyer's Agent

Melissa Prebe

Uptown Realty Group LLC License #SAL.2019004039 Listed on: 02/07/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,107

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Property is zoned Residential: R-1

Home Design

  • Traditional Architecture
  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,794 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • City Views
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Athens Csd Middle School

Utilities

  • Central Air
  • Furnace
  • Natural Gas Water Heater
  • Community Sewer or Septic
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number A028270008800,A02827

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,107

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Additional Assessor Parcel Numbers: A028270008800,A02827
  • Property Style: Traditional, 2 story + basement
  • Property Sub Type: SF-Site Built
  • Prop. Type: Single Family
  • Property Type: Single Family
  • OFFICELIST_STATE: OH
  • Year Built: 1900
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Garbage Disposal, Refrigerator, W/D Hookups, Washer, Water Heater- Nat. Gas, Oven/Range- Electric, Dryer, Range Hood
  • Has Basement: Partial Basement
  • Total Bathrooms: 1.5
  • Lower Floor 1 Bedrooms: 4
  • Interior Amenities: Ceiling Fans, Window Coverings, Walk-in Closets, Countertops- Laminate, Flooring- Laminate, Flooring- Tile, Windows- Double Pane
  • Living Sq Ft: 1794
  • Total Rooms: 7

Exterior Features

  • Exterior Construction: Siding-Vinyl
  • Exterior Features: Gutters & Downspouts, View of City, Deck(s), Outdoor Lighting, Patio, Porch- Covered
  • Foundation: Concrete Block
  • Roof Type: Asphalt Shingle

Utilities

  • Cooling: Central Air
  • Heating: Furnace-Gas
  • Utilities: TV-Cable, Water: City/Public, Internet-Wireless, Natural Gas, Sewer: Municipal, Garbage Collection, Internet-Cable, Contact Utility Company, Power: AEP

Schools

  • Junior High: Athens CSD

Lot Info

  • Lot Size: 0.15
  • Zoning: Residential: R-1

Tax Info

  • Estimated Annual Taxes: 4107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Feb 8, 2024
Sold by
Zhang Lijing
Bought by
Elizabeth Ann Shaver Inheritance Trust and Shaver
Seller's Agent
Melissa Prebe
Uptown Realty Group LLC
Buyer's Agent
Melissa Prebe
Uptown Realty Group LLC
List Price
$219,000
Sold Price
$200,000
Premium/Discount to List
-$19,000
-8.68%
Views
101
Current Estimated Value
$259,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,156
Avg. Annual Appreciation
14.93%

Purchase Details

Closed on
Sep 1, 2022
Sold by
Xianya Li Toby
Bought by
Zhang Lijog

Purchase Details

Closed on
Jan 7, 2015
Sold by
Aspegren Kevin J
Bought by
Li Toby Xianyu

Purchase Details

Closed on
Sep 9, 2002
Sold by
Ohl Charles E
Bought by
Aspegren Kevin J

Purchase Details

Closed on
Sep 17, 1992
Sold by
Schnitzler Richard J
Bought by
Ohl Charles E

Purchase Details

Closed on
Aug 1, 1991

Purchase Details

Closed on
Sep 1, 1987
Source: Public Records

Range of Values:

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Average Value
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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
Elizabeth Ann Shaver Inheritance Trust $200,000 Northwest Title
Zhang Lijog -- --
Li Toby Xianyu $135,000 Secure Title Services
Aspegren Kevin J $73,500 --
Ohl Charles E $58,500 --
-- $64,000 --
-- $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aspergren Kevin J $69,500
Previous Owner Aspegren Kevin J $44,928
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $200,000 -8.7% $111 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $219,000 -- $122 / Sq Ft
Source: Athens County Board of REALTORS®

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 $7,241 $77,370 $3,890 $73,480
2023 $3,913 $77,370 $3,890 $73,480
2022 $3,244 $61,300 $3,890 $57,410
2021 $3,258 $61,300 $3,890 $57,410
2020 $3,172 $61,300 $3,890 $57,410
2019 $3,091 $59,140 $3,490 $55,650
2018 $3,052 $59,140 $3,490 $55,650
2017 $2,868 $59,140 $3,490 $55,650
2016 $2,620 $52,480 $3,320 $49,160
2015 $4,793 $52,480 $3,320 $49,160
2014 $4,793 $52,480 $3,320 $49,160
2013 $4,546 $51,150 $3,320 $47,830
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Melissa Prebe

    Uptown Realty Group LLC

    (740) 541-0374

    9 in this area

    13 Total Sales

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Map

Source: Athens County Board of REALTORS®

MLS Number: 2431638

APN: A02-82700088-00

Ohio Athens County Athens 45701

127 Franklin Ave, Athens, OH

This home is located at 127 Franklin Ave, Athens, OH 45701 since 07 February 2024 and is currently estimated at $259,156, approximately $144 per square foot. This property was built in 1900. 127 Franklin Ave is a home located in Athens County with nearby schools including West Elementary School, Athens Middle School, and Athens High School.

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