V
Seller's Agent in 2022
Vince Iacobelli
Red 1 Realty
1312-1314 E 17th Ave Columbus, OH 43211
South Linden NeighborhoodEstimated Value: $164,000 - $220,000
6
Beds
2
Baths
2,240
Sq Ft
$86/Sq Ft
Est. Value
About This Home
As of December 2022Portfolio 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
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
- Mixed Use
- 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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2022
Closed on
Dec 20, 2022
Sold by
Bought by
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
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$557,000
Avg. Annual Appreciation
-31.70%
Original Mortgage
$562,500
Interest Rate
0.0658%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 11, 2021
Sold by
Bought by
Purchase Details
Closed on
Jan 8, 2021
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 2016
Sold by
Bought by
Purchase Details
Closed on
Nov 1, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 2009
Sold by
Bought by
Purchase Details
Closed on
Jul 8, 2004
Sold by
Bought by
Purchase Details
Closed on
May 19, 1999
Sold by
Bought by
Purchase Details
Closed on
Jun 23, 1972
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $750,000 | Pm Title | ||
| $42,500 | Axxis Title Agency Ltd | ||
| $25,000 | Axxis Title Agency Ltd | ||
| -- | Sas Title Agency | ||
| -- | None Available | ||
| $10,364 | None Available | ||
| -- | -- | ||
| $32,500 | Liberty Title & Escrow Inc | ||
| -- | -- |
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 | $994,500 | ||
| Closed | $562,500 | ||
| Previous Owner | $540,000 | ||
| Previous Owner | $124,000 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $841 | $64,060 | $5,920 | $58,140 |
| 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
-
-
Drey Thompson
D
Buyer's Agent in 2022
Drey Thompson
ERA Real Solutions Realty
(614) 778-6468
5 in this area
67 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 222039812
APN: 010-033740
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Information is deemed reliable but not guaranteed.
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