$120,000
SOLD JUL 25, 2016

1501 Franklin Ave Unit 503 Columbus, OH 43205

Franklin Park Neighborhood
-- Bed
-- Bath
2,408 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

19% Below List Price

54 Days on Market

About This Home

As of July 2016

Great opportunity for an investor or owner-occupant! This duplex in Franklin Park is currently rented at $718/mo on each side. New windows, siding and mechanicals done in 2011 by the prior owner.

Leases are month to month and with the right updates, market rent is closer to $1100-$1200 per unit.

Property is being sold as-is.

Owner is related to the listing agent.

Last Agent to Sell the Property

Daniel Lim

List Listed on: 07/01/2016

Last Buyer's Agent

Daniel Lim

List Listed on: 07/01/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,598

Year Built

1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2015
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Total Gross Income: 17000.0
  • Co List Office Phone: 614-224-5478
  • MLS Status: Closed
  • Subdivision Name: Olde Towne East area, Franklin Park
  • Income Expenses Gross Income: 17000.0
  • Annual Expenses: 3000.0
  • General Property Info Building Sq Ft: 2408.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-007325
  • Lot Size Sq Ft: 5227.2

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 14000.0
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 1821.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2022
Sold by
Daniel Lim
Bought by
Tuxedo Holdings Llc
Current Estimated Value
$428,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2022
Sold by
Daniel Lim
Bought by
Tuxedo Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2022
Sold by
Tuxedo Holdings Llc
Bought by
Lim Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2022
Sold by
Tuxedo Holdings Llc
Bought by
Lim Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2020
Sold by
Golden Lion Investments Llc
Bought by
Tuxedo Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 20, 2015
Closed on
Feb 2, 2016
Sold by
Lim David
Bought by
Daesan Investments Llc
Seller's Agent
Vincent Graves
List
Buyer's Agent
Daniel Lim
List
List Price
$125,000
Sold Price
$87,000
Premium/Discount to List
-$38,000
-30.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.91%

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jan 20, 2016
Sold by
Nallie Sonja
Bought by
Lim David
Seller's Agent
Vincent Graves
List
Buyer's Agent
Daniel Lim
List
List Price
$125,000
Sold Price
$87,000
Premium/Discount to List
-$38,000
-30.4%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Nallie Ronald E
Bought by
Nallie Sonja

Purchase Details

Closed on
Jul 1, 2008
Sold by
Hsbc Mortgage Services Inc
Bought by
Nallie Ronald E

Purchase Details

Closed on
Oct 24, 2007
Sold by
Woody Robert and Case #07Cve03 3856
Bought by
Hsbc Mortgage Services Inc

Purchase Details

Closed on
Apr 7, 2005
Sold by
Woody Robert and Knox Priscilla
Bought by
Woody Robert and Knox Priscilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
7.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 1999
Sold by
S & J General Partnership Cvii
Bought by
Woody Robert and Knox Priscilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
11.85%

Purchase Details

Closed on
Aug 9, 1984
Bought by
S&J General Partnership

Purchase Details

Closed on
Jun 1, 1984

Purchase Details

Closed on
Sep 1, 1983
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Meyer Carl J
Quit Claim Deed -- Meyer Carl J
Quit Claim Deed -- Associates Title
Quit Claim Deed -- Associates Title
Warranty Deed $299,900 Associates Title Inc
Quit Claim Deed -- Great American Title
Warranty Deed $87,000 Great American Title
Interfamily Deed Transfer -- None Available
Limited Warranty Deed $5,900 Sovereign
Sheriffs Deed $40,000 None Available
Interfamily Deed Transfer -- Archer
Warranty Deed $29,900 First Ohio Title Services In
Deed $7,000 --
Deed $5,100 --
Deed $4,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Credit Line Revolving
Closed $322,000 New Conventional
Closed $322,000 New Conventional
Previous Owner $224,900 Commercial
Previous Owner $224,900 New Conventional
Previous Owner $299,900 New Conventional
Previous Owner $160,000 Future Advance Clause Open End Mortgage
Previous Owner $83,000 New Conventional
Previous Owner $67,450 Unknown
Previous Owner $55,538 Unknown
Previous Owner $48,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Off Market $1,100 -- --
06/07/2017 06/07/17 Rented $1,100 0.0% --
06/07/2017 06/07/17 For Rent $1,100 0.0% --
07/25/2016 07/25/16 Sold $120,000 -19.5% $50 / Sq Ft
06/25/2016 06/25/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $149,000 +71.3% $62 / Sq Ft
01/20/2016 01/20/16 Sold $87,000 -30.4% $36 / Sq Ft
12/21/2015 12/21/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $125,000 -- $52 / 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 $5,598 $122,150 $39,410 $82,740
2023 $5,528 $122,150 $39,410 $82,740
2022 $5,578 $104,970 $6,410 $98,560
2021 $5,588 $104,970 $6,410 $98,560
2020 $2,593 $45,820 $6,410 $39,410
2019 $2,431 $36,690 $5,150 $31,540
2018 $1,214 $36,690 $5,150 $31,540
2017 $2,620 $36,690 $5,150 $31,540
2016 $2,003 $29,860 $4,410 $25,450
2015 $911 $29,860 $4,410 $25,450
2014 $1,826 $29,860 $4,410 $25,450
2013 $818 $27,125 $3,990 $23,135
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Daniel Lim

    List

  • V

    Seller's Agent in 2016

    Vincent Graves

    List

  • C

    Seller Co-Listing Agent in 2016

    Christopher Hannon

    List

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 216017789

Columbus and Central Ohio Regional MLS

APN: 010-007325

Ohio Franklin County Columbus 43205 Franklin Park

1501 Franklin Ave Unit 503, Columbus, OH

This home is located at 1501 Franklin Ave Unit 503, Columbus, OH 43205 and is currently priced at $120,000, approximately $49 per square foot. This property was built in 1920. 1501 Franklin Ave Unit 503 is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East High School.

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.

Nearby Homes