NOT LISTED FOR SALE

1863 Cherry Valley Rd Newark, OH 43055

Newark Area

Estimated Value: $486,000 - $886,000

Studio
-- Bath
4,080 Sq Ft
$165/Sq Ft Est. Value

Sale Details

Date Sold: July 16, 2021

Last sale price $395,000 $97 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,937 / mo

33 Days on Market

About This Home

As of July 2021

Six apartments and a storefront located on Cherry Valley Rd. The 6 apartments are currently renting for a total of $4250. The current owner pays for water and gas, tenant pays electric. They are metered separately. The store-front is currently vacant, but with proper marketing can rent for another $750 per month. Total rent potential is $5000 when fully rented. New roof in 2020. Curb Offers Only.

Last Agent to Sell the Property

Christopher Evans

Red 1 Realty License #2016004789 Listed on: 01/26/2021

Red 1 Realty

Last Buyer's Agent

Robert Panian

e-Merge Real Estate License #2015003734

e-Merge Real Estate
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,789

Year Built

  • Built in 1969

Lot Details

  • 0.44

Home Design

  • 4,080 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • Common or Shared Parking
  • Shared Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Additional Features

  • Washer and Dryer Hookup
  • 19,166 Sq Ft Lot

Listing and Financial Details

  • The owner pays for gas, sewer, trash collection, water
  • Assessor Parcel Number 054-219936-00.000

Community Details

Overview

  • 7 Units

Building Details

  • Fuel Expense $3,500
  • Insurance Expense $900
  • Maintenance Expense $3,500
  • Water Sewer Expense $3,500
  • Operating Expense $15,000
  • Gross Income $51,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,789

Year Built

Built in 1969

Lot Details

0.44 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1969
  • Tax Year: 2019
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.44
  • Total Gross Income: 51000.0
  • Co List Office Phone: 866-212-4991
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 98.01
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 51000.0
  • Annual Expenses: 15000.0
  • General Property Info Building Sq Ft: 4080.0
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features Shared Driveway2: Yes
  • Parking Features Common: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Fuel Expense: 3500.0
  • Annual Water Sewer Expense: 3500.0

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-219936-00.000
  • Lot Size Sq Ft: 19166.4
  • Zoning Description: Commerical

Rental Info

  • Owner Pays: Gas, Sewer, Trash Collection, Water

Multi Family

  • Monthly Rent (Other): 700.0
  • Number Of Units Total: 7
  • Insurance Expense: 900.0
  • Maintenance Expense: 3500.0
  • Net Operating Income: 36000.0
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Annual Amount: 3789.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Jul 16, 2021
Sold by
Bought by
Seller's Agent
Christopher Evans
Red 1 Realty
Buyer's Agent
Robert Panian
e-Merge Real Estate
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%
Current Estimated Value
$672,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,333
Avg. Annual Appreciation
11.11%
Original Mortgage
$255,000
Outstanding Balance
$205,395
Interest Rate
2.93%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$466,938

Purchase Details

Closed on
Oct 27, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Newark, OH

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$395,000 Ambassador Title
$195,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $255,000
Previous Owner $650,000
Previous Owner $45,000
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $395,000 -1.2% $97 / Sq Ft
01/26/2021 01/26/21 For Sale $399,900 -- $98 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,909 $139,200 $44,630 $94,570
2024 $5,742 $139,200 $44,630 $94,570
2023 $5,730 $139,200 $44,630 $94,570
2022 $6,586 $138,260 $38,890 $99,370
2021 $3,983 $79,070 $38,890 $40,180
2020 $3,766 $73,500 $33,320 $40,180
2019 $3,789 $73,500 $33,320 $40,180
2018 $3,818 $0 $0 $0
2017 $3,819 $0 $0 $0
2016 $3,920 $0 $0 $0
2015 $4,013 $0 $0 $0
2014 $2,301 $0 $0 $0
2013 $3,815 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221002252

Columbus and Central Ohio Regional MLS

APN: 054-219936-00.000

Your Personal Tour Guide

Ask me questions while you tour the home.