NOT LISTED FOR SALE

1312-1314 E 17th Ave Columbus, OH 43211

South Linden Neighborhood

Estimated Value: $188,000 - $207,000

6 Beds
2 Baths
2,240 Sq Ft
$88/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $750,000 $335 Per Sq Ft

Current estimated payment $1,178/month

4 Days on Market

About This Home

As of December 2022

Portfolio for sale, all units received a full cosmetic and mechanical upgrade in 2021. Consisting of 4 properties with a total of 6 units, with 5/6 units leased. The cap rate and cashflow assumptions are assuming the vacant unit being leased at market rates of $1200/mo. 1312-1314 E 17th Ave has a 15yr 100% tax abatement in place with a basis value of $42,500 until 2036. See documents for a full list of improvements.

In place rents (assuming 100% occupancy): $7,442 | In place Cap Rate: 8.5% | Stabilized Cap Rate: 8.9% | In place NOI $63,514 | Stabilized NOI: $66,610 | In place cash on cash return: 10.69% | Parcels Included: 1312-1314 E 17th Avenue Columbus OH 43211 | 1038 E 14th Avenue Columbus OH 43211 | 1042 E 14th Avenue Columbus OH 43211 | 546-548 S Wayne Avenue Columbus OH 43204

Last Agent to Sell the Property

Vince Iacobelli

Red 1 Realty Listed on: 10/25/2022

Last Buyer's Agent

Drey Thompson

ERA Real Solutions Realty License #2016001921

ERA Real Solutions Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $792

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 2,240 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 010-033740

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $4,058
  • Maintenance Expense $3,000
  • Water Sewer Expense $4,080
  • Operating Expense $25,790
  • Gross Income $89,304
  • Net Operating Income $66,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$792

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1928
  • Tax Year: 2021
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.12
  • Total Gross Income: 89304.0
  • Professional Management Expense: 3960.0
  • Co List Office Phone: 614-585-9020
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 89304.0
  • Annual Expenses: 25790.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2240.0
  • Miscellaneous Basement2: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 4080.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-033740
  • Lot Size Sq Ft: 5227.2
  • Additional Parcels Description: 010-033740-00 010-018206-00 010-048372-00 010-067653-00

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 4058.0
  • Maintenance Expense: 3000.0
  • Net Operating Income: 66610.0
  • Annual Operating Expense: 25790.0

Tax Info

  • Tax Annual Amount: 792.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Dec 20, 2022
Sold by
Ascent Real Estate Group Llc
Bought by
Radix Lecti Llc
Seller's Agent
Vince Iacobelli
Red 1 Realty
Buyer's Agent
Drey Thompson
ERA Real Solutions Realty
List Price
$750,000
Sold Price
$750,000
Views
9
Current Estimated Value
$208,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$541,193
Avg. Annual Appreciation
-39.37%
Original Mortgage
$562,500
Outstanding Balance
$540,829
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$340,687

Purchase Details

Closed on
Jan 11, 2021
Sold by
Pinnacle Properties Llc
Bought by
Ascent Real Estate Group Llc

Purchase Details

Closed on
Jan 8, 2021
Sold by
Affordable Home Properties Llc
Bought by
Df Pinnacle Properties Llc

Purchase Details

Closed on
Mar 17, 2016
Sold by
Barrowman Eric and Barrowman Renea N
Bought by
Affordable Home Properties Llc

Purchase Details

Closed on
Nov 1, 2012
Sold by
City Of Columbus
Bought by
Barrowman Eric

Purchase Details

Closed on
Feb 24, 2009
Sold by
Newland Richard A and Franklin County Treasurer
Bought by
City Of Columbus

Purchase Details

Closed on
Jul 8, 2004
Sold by
Newland Larry J
Bought by
Newland Richard A

Purchase Details

Closed on
May 19, 1999
Sold by
Webber William L and Webber Alison J
Bought by
Newland Larry J

Purchase Details

Closed on
Jun 23, 1972
Bought by
Webber William L
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
Radix Lecti Llc $750,000 Pm Title
Ascent Real Estate Group Llc $42,500 Axxis Title Agency Ltd
Df Pinnacle Properties Llc $25,000 Axxis Title Agency Ltd
Affordable Home Properties Llc -- Sas Title Agency
Barrowman Eric -- None Available
City Of Columbus $10,364 None Available
Newland Richard A -- --
Newland Larry J $32,500 Liberty Title & Escrow Inc
Webber William L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radix Lecti Llc $562,500
Previous Owner Ascent Real Estate Investment $540,000
Previous Owner Ateent Real Estate Investment Group Llc $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2022 12/27/22 Sold $750,000 0.0% $335 / Sq Ft
10/29/2022 10/29/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $750,000 -- $335 / 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 $841 $64,060 $5,920 $58,140
2023 $830 $50,690 $5,920 $44,770
2022 $2,182 $32,130 $2,450 $29,680
2021 $792 $14,880 $2,450 $12,430
2020 $1,353 $21,420 $2,450 $18,970
2019 $1,380 $17,850 $2,030 $15,820
2018 $1,212 $17,850 $2,030 $15,820
2017 $1,277 $17,850 $2,030 $15,820
2016 $1,037 $12,990 $2,350 $10,640
2015 $1,005 $12,990 $2,350 $10,640
2014 $805 $12,990 $2,350 $10,640
2013 $441 $14,420 $2,590 $11,830
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2022

    Vince Iacobelli

    Red 1 Realty

  • D

    Buyer's Agent in 2022

    Drey Thompson

    ERA Real Solutions Realty

    (614) 778-6468

    5 in this area

    65 Total Sales

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222039812

Columbus and Central Ohio Regional MLS

APN: 010-033740

Ohio Franklin County Columbus 43211 South Linden

1312-1314 E 17th Ave, Columbus, OH

This home is located at 1312-1314 E 17th Ave, Columbus, OH 43211 since 25 October 2022 and is currently estimated at $198,214, approximately $88 per square foot. This property was built in 1928. 1312-1314 E 17th Ave is a home located in Franklin County with nearby schools including Windsor Stem Acadmey, Linden-Mckinley Stem School On Arcadia, and North 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.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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