NOT LISTED FOR SALE

1515 Elmwood Ave Unit 519 Columbus, OH 43212

Fifth by Northwest Neighborhood

Estimated Value: $715,000 - $778,000

6 Beds
5 Baths
4,154 Sq Ft
$182/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $800,000 $193 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,808/month

14 Days on Market

Highlights

  • Garage
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Rare Opportunity, fabulous three unit in the 'Grandview Area'! Curb Offers Only! Built 2003. Lovingly maintained. Front home: bottom level 2 bedroom, 2 bath (Rents for $1425), top level 3 bedroom plus loft, 2 bath (Rents for $1795). 3 car garage with Carriage house 1 bed, 1 bath (Rents for $1195) on top of three car garage. Each garage spot has separate entrance and one spot is associated with each unit, with additional off-street tandem parking spot behind garage entrance. Washer/dryer in each unit. Great front porch and balconies, and just steps to restaurants, shops, movie theater and walking distance to schools. Property being sold AS IS! Tenants pay all utilities. 100% occupied. Rents are 25% below market rate. Minimal updates, if any, could get total rents closer to $5,500+.

Last Agent to Sell the Property

Scott Wheeler

Columbus Realty Source, LLC License #2009004554 Listed on: 09/02/2021

Last Buyer's Agent

Melinda Farwick

RE/MAX Achievers

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,259

Year Built

  • Built in 2003

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 4,154 Sq Ft Home
  • Fireplace
  • Washer and Dryer Hookup

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 010-062996

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,250
  • Gross Income $52,980
  • Net Operating Income $52,980

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,259

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 2003
  • Tax Year: 2020
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.14
  • Total Gross Income: 52980.0
  • Co List Office Phone: 614-486-9833
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 52980.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 4154.0
  • Miscellaneous Fireplace: Yes
  • Miscellaneous WD Hookups: Yes
  • Miscellaneous Garages: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features Detached Garage2: Yes
  • Parking Features Attached Garage2: Yes
  • Parking Features 3 Car Garage2: Yes

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-062996
  • Lot Size Sq Ft: 6098.4

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1250.0
  • Net Operating Income: 52980.0

Tax Info

  • Tax Annual Amount: 13259.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2023
Sold by
Crosby Mark M and Crosby Antoinette
Bought by
Meadow King Ltd
Current Estimated Value
$755,290

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 27, 2021
Sold by
Mclaughlin Brian J and Mclaughlin Jennifer R
Bought by
Crosby Mark M and Crosby Antoinette
Seller's Agent
Scott Wheeler
Columbus Realty Source, LLC
Buyer's Agent
Melinda Farwick
RE/MAX Achievers
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.76%
Original Mortgage
$600,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2012
Closed on
Jun 20, 2012
Sold by
Vekasy Matthew R
Bought by
Mclaughlin Brian J and Mclaughlin Jennifer R
Seller's Agent
Matthew Vekasy
Metropolitan Holdings LTD
Buyer's Agent
Lynne Musto
RE/MAX Premier Choice
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$423,000
Interest Rate
3.83%
Mortgage Type
VA

Purchase Details

Closed on
May 17, 2002
Sold by
Vekasy Elmwood Ltd
Bought by
Vekasy Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,400
Interest Rate
6.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 19, 2000
Sold by
Vekasy Matthew R
Bought by
Vekasy Elmwood Ltd

Purchase Details

Closed on
Jun 18, 1999
Sold by
Iacobucci Pietro and Iacobucci Ida
Bought by
Vekasy Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.06%

Purchase Details

Closed on
Aug 17, 1971
Bought by
Iacobucci Pietro and Iacobucci Ida
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Meadow King Ltd -- None Listed On Document
Crosby Mark M $800,000 Northwest Ttl Fam Of Compani
Mclaughlin Brian J $425,000 None Available
Vekasy Matthew R -- Stewart Title Agency Of Colu
Vekasy Elmwood Ltd -- --
Vekasy Matthew R $34,000 Chicago Title
Iacobucci Pietro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crosby Mark M $600,000
Previous Owner Mclaughlin Brian J $423,000
Previous Owner Vekasy Matthew R $240,000
Previous Owner Vekasy Matthew R $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $800,000 -3.0% $193 / Sq Ft
09/02/2021 09/02/21 For Sale $825,000 +94.1% $199 / Sq Ft
06/20/2012 06/20/12 Sold $425,000 -5.5% $160 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
04/09/2012 04/09/12 For Sale $449,900 -- $169 / 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 $9,844 $214,800 $59,290 $155,510
2023 $9,721 $214,800 $59,290 $155,510
2022 $13,216 $248,680 $27,230 $221,450
2021 $13,239 $248,680 $27,230 $221,450
2020 $13,259 $248,680 $27,230 $221,450
2019 $11,528 $185,400 $27,230 $158,170
2018 $10,051 $185,400 $27,230 $158,170
2017 $10,488 $185,400 $27,230 $158,170
2016 $9,449 $140,420 $25,830 $114,590
2015 $8,594 $140,420 $25,830 $114,590
2014 $8,615 $140,420 $25,830 $114,590
2013 $4,046 $133,700 $24,570 $109,130
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Wheeler

    Columbus Realty Source, LLC

    (614) 486-9833

    1 in this area

    20 Total Sales

    Scott Wheeler
    Section Image

  • M

    Buyer's Agent in 2021

    Melinda Farwick

    RE/MAX

  • Matthew Vekasy

    Seller's Agent in 2012

    Matthew Vekasy

    Metropolitan Holdings LTD

    (614) 496-5615

    Matthew Vekasy
    Section Image

  • L

    Buyer's Agent in 2012

    Lynne Musto

    RE/MAX

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221034509

Columbus and Central Ohio Regional MLS

APN: 010-062996

Ohio Franklin County Columbus 43212 Fifth by Northwest

1515 Elmwood Ave Unit 519, Columbus, OH

This home is located at 1515 Elmwood Ave Unit 519, Columbus, OH 43212 since 02 September 2021 and is currently estimated at $755,290, approximately $181 per square foot. This property was built in 2003. 1515 Elmwood Ave Unit 519 is a home located in Franklin County with nearby schools including Cranbrook Elementary School, Ridgeview Middle School, and Centennial 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.

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