NOT LISTED FOR SALE

1785 Pinelake Dr Unit 6 Albany, OH 45710

Estimated Value: $268,000 - $625,325

3 Beds
3 Baths
-- Sq Ft
19.22 Acres

Last Sold February 18, 2021

Last sale price $757,000

Est. 41% decrease in value since last sale

Current estimated payment $2,923/month

Highlights

  • Guest House
  • Lake View
  • 19.22 Acre Lot
  • Spa
  • Property is near a lake
  • Deck

About This Home

As of February 2021

For the outdoor enthusiast - The Pine Lake Nature Preserve at 1785 Pine Lake Drive, Albany, Ohio. This fantastic commercial/investment property is located near the picturesque village of Albany, Ohio, and located several miles from Athens, home of Ohio University. This 19.22 acres property has 6 residential houses with numerous possibilities, limited only by your imagination. When you turn onto the long private driveway, you'll know you've arrived at a hidden little piece of heaven. The main residence is a 3 BR, 2 bath ranch with a 3 car attached garage sitting on a 5 acre private lake. As you drive around Pine Lake, there are an additional 5 rental houses with a total of 16 bedrooms and seven garages. There is so much more with several paths that wind through the acreage to a beautiful wildlife pond with an observation deck/cabin to enjoy the hundreds of bird species which have become regular visitors over the years. Owner has over 285 birdfeeders installed on this property! In addition to all this, is a beautiful, cleared 3 acre development site for further expansion. Easy access to SR 50 and nearby Lake Snowden which has 12.5 miles of horse riding trails.

Last Listed By

Mark Spezza

Classic Gold Real Estate License #359227 Listed on: 12/31/2020

Classic Gold Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,875

Year Built

  • 1991

Lot Details

  • 19.22 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Landscaped with Trees
  • Garden

Home Design

  • Duplex
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Lake Views
  • Crawl Space
  • Attic Fan
  • Alarm System
  • Laminate Countertops

Flooring

  • Carpet
  • Linoleum

Outdoor Features

  • Spa
  • Property is near a lake
  • Pond
  • Stream or River on Lot
  • Deck
  • Patio
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Storage Shed
  • Rain Gutters

Schools

  • Alexander Lsd Middle School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Community Sewer or Septic
  • Internet Available
  • Cable TV Available

Additional Features

  • Guest House
  • Property is near a creek

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,875

Year Built

1991

Lot Details

0

Listing Details

  • Additional Assessor Parcel Numbers: H020010000701, H0200
  • Property Style: Apartment, Duplex, 4+ Units
  • Property Sub Type: Resale Home, Investment Property (Rental)
  • Prop. Type: Multi Family
  • Property Type: Multi-Family Units
  • OFFICELIST_STATE: OH
  • Year Built (Public Record): 1111
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Freezer, Garbage Disposal, Microwave, Refrigerator, Washer, Water Heater- Nat. Gas, Oven/Range- Gas, Dryer, Range Hood
  • Interior Amenities: Attic Fan(s), Ceiling Fans, Atrium, Hot Tub/Spa, Countertops- Laminate, Flooring- Carpet, Flooring- Linoleum

Exterior Features

  • Exterior Construction: Siding-Vinyl
  • Exterior Features: Borders Creek, Borders Lake, Cul-de-sac, Fenced- Part, Guest House, Gutters & Downspouts, Storage Shed, Trees, View of Lake, Work Shop, Garden Area, Deck(s), Outdoor Lighting, Patio, Stream on Property, Pond, Alarm/Security System
  • Foundation: Crawl Space, Concrete Block
  • Roof Type: Architectural Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air-Gas
  • Utilities: TV-Cable, Water: City/Public, Natural Gas, Sewer: Municipal, Garbage Collection, Power: 220 volt, Internet-Cable, Power: AEP

Condo/Co-op/Association

  • Units In Building: 8

Schools

  • Junior High: Alexander LSD

Lot Info

  • Lot Size: 19.22

Tax Info

  • Estimated Annual Taxes: 9875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
Feb 26, 2021
Sold by
Ploutz Geri J and Paul F Ploutz 5 18 90 Revocabl
Bought by
1St Choice Cabin Rentals Llc
Seller's Agent
Mark Spezza
Classic Gold Real Estate
Buyer's Agent
Mark Spezza
Classic Gold Real Estate
Sold Price
$757,000
Total Days on Market
0
Current Estimated Value
$446,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$310,337
Avg. Annual Appreciation
-9.82%
Original Mortgage
$567,750
Outstanding Balance
$515,839
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$26,389

Purchase Details

Closed on
Apr 16, 2002
Bought by
Ploutz Paul F and Ploutz Geri J

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
1St Choice Cabin Rentals Llc $757,000 Secure Title Services
Ploutz Paul F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1St Choice Cabin Rentals Llc $567,750
Previous Owner Ploutz Paul F $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $757,000 -- --
12/31/2020 12/31/20 Pending -- -- --
Source: Athens County Board of REALTORS®

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 $19,937 $205,830 $46,590 $159,240
2023 $9,178 $205,830 $46,590 $159,240
2022 $7,971 $165,220 $40,510 $124,710
2021 $7,501 $165,220 $40,510 $124,710
2020 $7,306 $165,220 $40,510 $124,710
2019 $7,104 $159,420 $35,890 $123,530
2018 $5,504 $125,480 $28,570 $96,910
2017 $5,535 $125,480 $28,570 $96,910
2016 $5,455 $120,850 $25,970 $94,880
2015 $8,717 $120,850 $25,970 $94,880
2014 $8,717 $120,850 $25,970 $94,880
2013 $8,210 $118,320 $25,970 $92,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Athens County Board of REALTORS®

MLS Number: 2427307

APN: H02-00100007-07