NOT LISTED FOR SALE

1296 Parsons Ave Columbus, OH 43206

Karns Park Neighborhood
-- Bed
-- Bath
13,932 Sq Ft
0.3 Acres

Last Sold June 26, 2023

Last sale price $1,850,000 $133 Per Sq Ft

118 Days on Market

Highlights

  • 0.3 Acre Lot
  • Home Security System
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

Fully renovated 2022. 10 Units. Each unit is ~1,000SF with 2 bedroom 1.5 bath, laundry hookups, Ecobee thermostats, heat pump HVAC, front and rear private porches. Condo conversion complete and condo association setup. Not operating as condo currently. New water service, mechanicals, electric, plumbing, roofing, windows, removed walls to create open floor plans. Tax abated 15 years 100% with no affordability requirements. Current owner paid affordability waiver. In Ohio Opportunity Zone and eligible for 10% investment tax credit! Secure access controlled parking lot with 10 spaces. 6 units currently operated as short term rentals, 2 units leased, and 2 units just finished renovations and available to lease. Minutes to Downtown, German Village, Grocery, Library, and more.

Last Listed By

Josh Kreais

Keller Williams Capital Ptnrs License #2019004776 Listed on: 11/30/2022

Keller Williams Capital Ptnrs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,154

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Additional Parcels

Home Design

  • 13,932 Sq Ft Home
  • Brick Exterior Construction

Laundry

  • Washer and Dryer Hookup

Parking

  • 10 Parking Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-029986

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Insurance Expense $9,001
  • Maintenance Expense $10,000
  • Operating Expense $47,135
  • Gross Income $208,000
  • Net Operating Income $160,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,154

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2021
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.3
  • Total Gross Income: 208000.0
  • Professional Management Expense: 12480.0
  • Co List Office Phone: 614-932-2000
  • MLS Status: Closed
  • Subdivision Name: TwoXFive Townhomes by Kreais Companies
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 208000.0
  • Annual Expenses: 47135.0
  • General Property Info Building Sq Ft: 13932.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous Survey: Yes
  • General Property Info # of Buildings: 2.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Miscellaneous Security System3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available
  • Heating:Forced Air: Yes
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-029986
  • Lot Size Sq Ft: 13068.0
  • Additional Parcels Description: 010-303625-00, 010-303626-00, 010-303627-00, 010-303628-00, 010-303629-00, 010-303630-00, 010-303631-00, 010-303632-00, 010-303633-00, 010-303634-00
  • Additional Parcels: Yes
  • Zoning Description: R2F

Multi Family

  • Number Of Units Total: 10
  • Insurance Expense: 9001.0
  • Maintenance Expense: 10000.0
  • Net Operating Income: 160865.0
  • Annual Operating Expense: 47135.0
  • Vacancy Allowance Rate: 9900.0

Tax Info

  • Tax Annual Amount: 13154.0

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

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $1,850,000 -26.0% $133 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
11/30/2022 11/30/22 For Sale $2,500,000 +371.7% $179 / Sq Ft
07/25/2019 07/25/19 Sold $530,000 0.0% $38 / Sq Ft
07/08/2019 07/08/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $530,000 +6.2% $38 / Sq Ft
04/06/2018 04/06/18 Sold $499,000 0.0% $36 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/25/2018 02/25/18 For Sale $499,000 -- $36 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Josh Kreais

    Seller's Agent in 2023

    Josh Kreais

    Keller Williams Capital Ptnrs

    (614) 301-9430

    1 in this area

    14 Total Sales

    Josh Kreais
    Section Image
  • Seth Asman

    Buyer's Agent in 2023

    Seth Asman

    SVN Wilson Commercial

    (561) 703-1761

    1 in this area

    9 Total Sales

    Seth Asman
    Section Image

  • J

    Seller's Agent in 2019

    Janene Parham

    Keller Williams Greater Cols

  • M

    Buyer's Agent in 2019

    Misty Linn

    Core Ohio, Inc.

  • A

    Seller's Agent in 2018

    Alexander Soskin

    Soskin Realty, LLC

    (614) 989-8638

    6 in this area

    293 Total Sales

    Alexander Soskin
    Section Image

  • K

    Buyer's Agent in 2018

    Kenneth Wilcox

    Carriage Trade Realty, Inc.

    (614) 228-1939

    6 Total Sales

    Kenneth Wilcox
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222043202

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43206 Karns Park

1296 Parsons Ave, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 1296 Parsons Ave, Columbus, OH 43206 since 30 November 2022. This property was built in 1910. 1296 Parsons Ave is a home located in Franklin County with nearby schools including Siebert Elementary School, South High School, and South Columbus Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.

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