NOT LISTED FOR SALE

1408 Main St Genoa, OH 43430

Estimated Value: $88,879 - $128,000

5 Beds
3 Baths
2,863 Sq Ft
$37/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $72,000 $25 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $828/month

215 Days on Market

Highlights

  • Heating System Uses Steam
  • Rectangular Lot
  • Carpet
  • Private Entrance
  • Wood Siding

About This Home

As of June 2020

Three units w/2 rented to good paying tenants. The lower tenant has for 35 years. Upper 4 months w/one year lease. Owner does pay water and heat, but the boiler was just replaced in 2018 to reduce costs. Parking in the rear for tenants. Lower front tenant is doing some remodeling at his expense. Roof was replaced about 5 yrs ago. Lower 1 bed unit has recently had a totally new bathroom installed. Needs painting and flooring to get it ready to lease. Seller was getting $450/month on that unit.

Last Listed By

Mary Ann Coleman

Key Realty LTD License #0000345038 Listed on: 10/14/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,817

Year Built

  • Built in 1939

Lot Details

  • 0.34 Acre Lot
  • Private Entrance
  • Rectangular Lot

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,863 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range

Parking

  • 6 Parking Spaces
  • Driveway

Schools

  • Genoa Elementary School
  • Genoa High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for common area maintenance, gas, heat, insurance, sewer, taxes, water
  • Assessor Parcel Number 012-0924112315000

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,817

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1939
  • Lot Size Acres: 0.3444
  • Lot Size: 15,000
  • Inclusions: ,,
  • Subdivision Name: Other
  • Unit Levels: Two
  • Structure Type: Apartment
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Stories: 2
  • Flooring: Carpet
  • Number Of Buildings: 1
  • Owner Pays: Common Area Maintenance, Gas, Heat, Insurance, Sewer, Taxes, Water
  • Has Basement: Crawl Space
  • Interior Amenities: Cable TV
  • Living Area: 2863.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Lot Features: Rectangular Lot
  • Disclosures: Lead Based Paint Disclosure, Seller Disclosure
  • Construction Type: Wood Siding
  • Exterior Features: Private Entrance
  • Foundation Details: Crawlspace

Garage/Parking

  • Parking Features: Driveway, Gravel, Other
  • Total Parking Spaces: 6.0

Utilities

  • Heating: Hot Water, Natural Gas
  • Sewer: Sanitary
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Cooling: None
  • Security: Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Genoa

Lot Info

  • Parcel #: 012-0924112315000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 17400.0
  • Number Of Units Total: 3
  • Number Of Units Leased: 1
  • Total Actual Rent: 1450.0

MLS Schools

  • Elementary School: Genoa
  • HighSchool: Genoa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2021
Sold by
Leon C Rader Revocable Trust
Bought by
Mazey James W and Mazey Susanna
Total Days on Market
215
Current Estimated Value
$106,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Outstanding Balance
$49,275
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$57,695

Purchase Details

Listed on
Oct 14, 2019
Closed on
Jun 25, 2020
Sold by
Rader Leon C and Leon C Rader Revocable Trust
Bought by
Mazey James W and Mazey Susanna
Seller's Agent
Mary Ann Coleman
Key Realty LTD
Buyer's Agent
Wendy Kimble
Homes by Kimble
List Price
$75,900
Sold Price
$72,000
Premium/Discount to List
-$3,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$52,000
Interest Rate
3.2%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Dec 31, 2009
Sold by
Watkins Phillip
Bought by
Rader Leon

Purchase Details

Closed on
Feb 3, 1992
Sold by
Rader Leon and Rader Lois
Bought by
Rader Leon Trustee

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
Mazey James W $72,000 None Listed On Document
Mazey James W $72,000 None Available
Rader Leon -- Attorney
Rader Leon Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mazey James W $56,000
Previous Owner Mazey James W $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $72,000 -5.1% $25 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
01/18/2020 01/18/20 For Sale $75,900 0.0% $27 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $75,900 -- $27 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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 $2,817 $62,895 $11,739 $51,156
2023 $2,817 $51,069 $9,790 $41,279
2022 $2,577 $51,069 $9,790 $41,279
2021 $2,269 $51,070 $9,790 $41,280
2020 $2,241 $47,400 $7,710 $39,690
2019 $2,226 $47,400 $7,710 $39,690
2018 $2,176 $47,400 $7,710 $39,690
2017 $2,140 $43,570 $7,710 $35,860
2016 $2,147 $43,570 $7,710 $35,860
2015 $2,161 $43,570 $7,710 $35,860
2014 $884 $38,230 $7,710 $30,520
2013 $884 $38,230 $7,710 $30,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6046642

Northwest Ohio Real Estate Information Service (NORIS)

APN: 012-0924112315000