NOT LISTED FOR SALE

1553 W 7th Ave Unit 555 Columbus, OH 43212

Fifth by Northwest Neighborhood

Estimated Value: $400,298 - $499,000

4 Beds
2 Baths
1,716 Sq Ft
$257/Sq Ft Est. Value

Last Sold June 08, 2012

Last sale price $162,500 $95 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $2,757/month

185 Days on Market

About This Home

As of June 2012

Rare opportunity for investment/owner occupant in highly desirable area between UA/Grandview, Columbus Taxes! Hardwood Floors, A/C, Fenced yard, Updated Kitchens & Baths, Newer Roof, Windows, Gutters, Siding. Basements with W/D hookups, Easy to Rent and Maintain, Turnkey Investment w/ Professional Management in place.

Last Agent to Sell the Property

Gregory Myers

Patricia A. Myers & Company Listed on: 12/02/2011

Last Buyer's Agent

Anthony Panzera

Celeste & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,393

Year Built

  • Built in 1952

Lot Details

  • 6,098

Home Design

  • 1,716 Sq Ft Home
  • Duplex

Parking

  • 1 Parking Space
  • On-Street Parking
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 6,098 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 010-014370

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,190
  • Gross Income $16,680
  • Net Operating Income $10,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,393

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1952
  • Tax Year: 2010
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.14
  • Total Gross Income: 16680.0
  • Co List Office Phone: 614-457-4039
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 101.63
  • Income Expenses Gross Income: 16680.0
  • Annual Expenses: 6190.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 1716.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: 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
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • 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: 010-014370
  • Lot Size Sq Ft: 6098.4

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 10490.0
  • Annual Operating Expense: 6190.0

Tax Info

  • Tax Annual Amount: 3393.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2013
Sold by
Converse Gary L
Bought by
Gary L Converse Llp
Current Estimated Value
$440,825

Purchase Details

Listed on
Dec 2, 2011
Closed on
Jun 8, 2012
Sold by
Horner Thomas P and Horner Elizabeth Chapman
Bought by
Converse Gary L
Seller's Agent
Gregory Myers
Patricia A. Myers & Company
Buyer's Agent
Anthony Panzera
Celeste & Associates
List Price
$195,000
Sold Price
$162,500
Premium/Discount to List
-$32,500
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$121,875
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 3, 1987
Bought by
Horner Thomas R

Purchase Details

Closed on
Mar 1, 1986
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gary L Converse Llp -- None Available
Converse Gary L $162,500 None Available
Horner Thomas R $56,600 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Converse Gary L $121,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $162,500 -16.7% $95 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
12/02/2011 12/02/11 For Sale $195,000 -- $114 / 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 $5,258 $114,740 $55,970 $58,770
2023 $5,193 $114,730 $55,965 $58,765
2022 $4,749 $89,360 $31,050 $58,310
2021 $4,757 $89,360 $31,050 $58,310
2020 $4,764 $89,360 $31,050 $58,310
2019 $4,521 $72,700 $31,050 $41,650
2018 $4,033 $72,700 $31,050 $41,650
2017 $4,520 $72,700 $31,050 $41,650
2016 $3,902 $57,440 $25,240 $32,200
2015 $3,553 $57,440 $25,240 $32,200
2014 $3,561 $57,440 $25,240 $32,200
2013 $1,849 $60,445 $26,565 $33,880
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Gregory Myers

    Patricia A. Myers & Company

  • A

    Buyer's Agent in 2012

    Anthony Panzera

    Celeste & Associates

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 211039199

Columbus and Central Ohio Regional MLS

APN: 010-014370

Ohio Franklin County Columbus 43212 Fifth by Northwest

1553 W 7th Ave Unit 555, Columbus, OH

Not Listed for Sale

MultiFamily

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