NOT LISTED FOR SALE

1706 Summit St Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated Value: $1,292,088

-- Bed
-- Bath
3,960 Sq Ft
$326/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $830,000 $210 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $8,333/month

16 Days on Market

About This Home

As of November 2019

Rare opportunity for student housing !! Newly renovated student housing and just a couple blocks from the OSU Student Center. Prime location to attract students. The rent is $3,720 per side for a total of $7,440 a month !! Complete renovation in 2016 with new hardwood floors, granite counter tops in kitchen and bathrooms, stainless steel appliances, mini fridges in each room, flat screen TVs in each room, mechanicals, plumbing and electric were updated in 2016 as well. There are 7 parking spots in the rear. Washer and dryer in each unit. Currently rented through this school year 19/20. Hard to find another student housing property with these high end finishes. Never had to market this property for new tenants. Tenants pay all utilities except for water. Curb offers only !

Last Listed By

Cole Griesinger

Howard Hanna Real Estate Svcs Listed on: 09/17/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,839

Year Built

  • Built in 1908

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • 3,960 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 010-038233

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $25,404
  • Gross Income $89,280
  • Net Operating Income $63,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,839

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1908
  • Tax Year: 2019
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.15
  • Total Gross Income: 89280.0
  • Co List Office Mls Id: 07636
  • Co List Office Phone: 614-471-7400
  • Co List Office Phone: 614-471-7400
  • MLS Status: Closed
  • Subdivision Name: OSU Student Housing
  • Income Expenses Gross Income: 89280.0
  • Annual Expenses: 25404.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3960.0
  • Miscellaneous Basement2: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

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: 010-038233
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 63876.0
  • Annual Operating Expense: 25404.0

Tax Info

  • Tax Annual Amount: 13839.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Nov 11, 2019
Sold by
1706 Summit Street Llc
Bought by
Bfg Capital Llc
Seller's Agent
Cole Griesinger
Howard Hanna Real Estate Svcs
Buyer's Agent
Jeff Ruff
Cutler Real Estate
List Price
$875,000
Sold Price
$830,000
Premium/Discount to List
-$45,000
-5.14%
Total Days on Market
16
Current Estimated Value
$1,292,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,088
Avg. Annual Appreciation
8.78%
Original Mortgage
$664,000
Outstanding Balance
$339,608
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$979,871

Purchase Details

Closed on
Oct 2, 2016
Sold by
Osu Rentals Llc
Bought by
1706 Summit Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 22, 2015
Sold by
Dulle Bryan R and Jerwers Dulle Jennifer A
Bought by
Osu Rentals Llc

Purchase Details

Closed on
Nov 22, 2002
Sold by
Dulle Bryan R
Bought by
Dulle Bryan R and Jerwers Dulle Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,550
Interest Rate
6.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1998
Sold by
Zollars Jay R and Rivelle Frank M
Bought by
Dulle Bryan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
9.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 1997
Sold by
Gibson Eric J
Bought by
Zollars Jay R and Rivelle Frank M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
8.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 1995
Sold by
Peyton William O
Bought by
Eric J Gibson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1984

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
Bfg Capital Llc $830,000 Northwest Select Ttl Agcy Ll
1706 Summit Street Llc -- None Available
Osu Rentals Llc -- Land And Mortgage Title Box
Dulle Bryan R -- Title First Agency Inc
Dulle Bryan R $144,000 Transohio Title
Zollars Jay R $114,000 Transohio Title
Eric J Gibson $108,000 --
-- $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bfg Capital Llc $664,000
Previous Owner 1706 Summit Street Llc $664,000
Previous Owner Dulle Bryan R $152,550
Previous Owner Dulle Bryan R $115,200
Previous Owner Zollars Jay R $96,900
Previous Owner Eric J Gibson $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $830,000 -5.1% $210 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $875,000 +5.7% $221 / Sq Ft
10/10/2017 10/10/17 Sold $828,000 -10.5% $139 / Sq Ft
09/10/2017 09/10/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $925,000 -- $156 / 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 $14,043 $306,430 $33,500 $272,930
2023 $13,868 $306,425 $33,495 $272,930
2022 $15,438 $290,500 $17,990 $272,510
2021 $13,500 $253,580 $17,990 $235,590
2020 $13,975 $253,580 $17,990 $235,590
2019 $13,712 $220,510 $15,650 $204,860
2018 $8,334 $220,510 $15,650 $204,860
2017 $8,378 $220,510 $15,650 $204,860
2016 $3,047 $35,010 $15,650 $19,360
2015 $2,829 $35,010 $15,650 $19,360
2014 $6,050 $74,910 $15,650 $59,260
2013 $2,998 $74,900 $15,645 $59,255
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Cole Griesinger

    Howard Hanna Real Estate Svcs

  • G

    Seller Co-Listing Agent in 2019

    Gregory Hrabcak

    Howard Hanna Real Estate Svcs

  • Jeff Ruff

    Buyer's Agent in 2019

    Jeff Ruff

    Cutler Real Estate

    (614) 325-0022

    909 Total Sales

    Jeff Ruff
    Section Image
  • Susie Pattison

    Buyer Co-Listing Agent in 2019

    Susie Pattison

    Cutler Real Estate

    (614) 288-4287

    108 Total Sales

    Susie Pattison
    Section Image
  • Matthew Brown

    Seller's Agent in 2017

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    7 in this area

    20 Total Sales

    Matthew Brown
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219035147

Columbus and Central Ohio Regional MLS

APN: 010-038233

Ohio Franklin County Columbus 43201 Indianola Terrace

1706 Summit St, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 1706 Summit St, Columbus, OH 43201 since 17 September 2019 and is currently priced at $1,292,088, approximately $326 per square foot. This property was built in 1908. 1706 Summit St is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone 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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