NOT LISTED FOR SALE

181 Park Ave Delaware, OH 43015

Estimated Value: $409,000 - $428,000

6 Beds
6 Baths
2,993 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $415,000 $139 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,543/month

2 Days on Market

About This Home

As of May 2024

This single story three-unit apartment complex contains nearly 3000 sq. ft. and is situated across from OWU with close proximity and walking distance to downtown Delaware. All units currently rented as non-smoking/no pets. Apt #1 has 2 BR's/1 BA, rent $1100/mo. (metro housing does supplement). Apt. 2 has 2 BR/1.5 BA, rent is $1000/mo. Apt. 3 has 2 BR's/1.5 BA, rent is $1100/mo. Owner supplies each unit with kitchen appliances and washer/dryer. Tenants pay all utilities (all electric, no gas). Many updates include newer light fixtures, flooring, windows, counters/cabinets, water heaters, plumbing, newer roof (approx. 7 years old), new concrete walkways/porches, and new concrete pad with 6 parking spaces (2 spaces/unit). Leases are attached to listing.

Last Agent to Sell the Property

Heather Kamann

Howard Hanna Real Estate Services License #449730 Listed on: 04/22/2024

Howard Hanna Real Estate Services

Last Buyer's Agent

Jennifer Gary

BHHS American Realty Center License #2020008750

BHHS American Realty Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,490

Year Built

  • Built in 1979

Lot Details

  • 8,276

Home Design

  • 2,993 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction

Parking

  • 6 Parking Spaces
  • Shared Driveway
  • Off-Street Parking: 1
  • Assigned Parking

Utilities

  • No Cooling
  • Heating System Uses Oil

Additional Features

  • Washer and Dryer Hookup
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 519-433-11-008-000

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $14,200
  • Gross Income $38,400
  • Net Operating Income $24,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,490

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1979
  • Tax Year: 2023
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.19
  • Total Gross Income: 38400.0
  • Co List Office Phone: 740-363-7355
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 133.48
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 38400.0
  • Annual Expenses: 14200.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2993.0
  • Miscellaneous Survey: Yes
  • General Property Info # of Buildings: 1.0
  • Air Conditioning None3: Yes
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Features Shared Driveway2: Yes
  • Parking Features Assigned2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Heating: Oil
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer

Schools

  • Junior High Dist: DELAWARE CSD 2103 DEL CO.

Lot Info

  • Parcel Number: 519-433-11-008-000
  • Lot Size Sq Ft: 8276.4
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 24200.0
  • Annual Operating Expense: 14200.0

Tax Info

  • Tax Annual Amount: 4490.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 31, 2024
Sold by
Patricia L Majewski Trust and Majewski Patricia L
Bought by
Ardjmand Ehsan
Seller's Agent
Heather Kamann
Howard Hanna Real Estate Services
Buyer's Agent
Jennifer Gary
BHHS American Realty Center
List Price
$399,500
Sold Price
$415,000
Premium/Discount to List
$15,500
3.88%
Views
21
Current Estimated Value
$418,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,452
Avg. Annual Appreciation
0.50%
Original Mortgage
$272,000
Outstanding Balance
$267,676
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$150,776

Purchase Details

Closed on
Dec 4, 2008
Sold by
Majewski Patricia L and Majewski Michael P
Bought by
Majewski Patricia L
Source: Public Records
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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
Ardjmand Ehsan $415,000 First Ohio Title
Majewski Patricia L -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ardjmand Ehsan $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2024 05/23/24 Sold $415,000 +3.9% $139 / Sq Ft
04/22/2024 04/22/24 For Sale $399,500 -- $133 / 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 $4,449 $91,950 $9,940 $82,010
2023 $4,457 $91,950 $9,940 $82,010
2022 $4,490 $80,440 $8,300 $72,140
2021 $4,588 $80,440 $8,300 $72,140
2020 $4,646 $80,440 $8,300 $72,140
2019 $4,079 $64,020 $7,210 $56,810
2018 $4,135 $64,020 $7,210 $56,810
2017 $3,786 $58,420 $6,230 $52,190
2016 $3,456 $58,420 $6,230 $52,190
2015 $3,475 $58,420 $6,230 $52,190
2014 $3,531 $58,420 $6,230 $52,190
2013 $3,752 $61,740 $6,230 $55,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224012257

Columbus and Central Ohio Regional MLS

APN: 519-433-11-008-000