NOT LISTED FOR SALE

1937 Summit St Columbus, OH 43201

3 Beds
-- Bath
1,640 Sq Ft
4,792 Sq Ft Lot

Last Sold January 22, 2018

Last sale price $295,000 $180 Per Sq Ft

179 Days on Market

About This Home

As of January 2018

OSU off-campus student investment property containing 4 units and 5 total beds, including 2 - 1 BD / 1 BA, 1 studio and 1 - 2 BD / 1 BA units. The all-electric units are renovated with updated kitchens, thermal pane windows, wall A/C units, free off-street parking and electronic deadbolt locks. Landlord pays all utilities. The property is currently 100% occupied for the 2017-18 academic year and fully pre-leased for 2018-19 with a total annual rent of $35,280.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 11/21/2017

Last Buyer's Agent

Aaron Minister

Minister Realty, Inc. License #2024004468

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,592

Year Built

  • Built in 1957

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 1,640 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 010-001107

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $17,745
  • Gross Income $35,280
  • Net Operating Income $17,535

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,592

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1957
  • Tax Year: 2016
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.11
  • Total Gross Income: 35280.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 173.78
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 35280.0
  • Annual Expenses: 17745.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 1640.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: 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

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Cooling: Other
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-001107
  • Lot Size Sq Ft: 4791.6

Rental Info

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

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 17535.0
  • Annual Operating Expense: 17745.0

Tax Info

  • Tax Annual Amount: 5592.0
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Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2018 01/22/18 Sold $295,000 -14.7% $180 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
06/23/2017 06/23/17 For Sale $345,835 -- $211 / 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 $15,021 $135,630 $20,620 $115,010
2023 $9,908 $135,625 $20,615 $115,010
2022 $15,121 $134,230 $20,130 $114,100
2021 $10,109 $134,230 $20,130 $114,100
2020 $10,040 $134,230 $20,130 $114,100
2019 $8,504 $103,250 $15,470 $87,780
2018 $7,986 $103,250 $15,470 $87,780
2017 $6,191 $75,250 $15,470 $59,780
2016 $5,592 $64,260 $15,470 $48,790
2015 $5,192 $64,260 $15,470 $48,790
2014 $5,190 $64,260 $15,470 $48,790
2013 $2,571 $64,260 $15,470 $48,790
Source: Public Records

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2018

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    20 Total Sales

    Matthew Brown
    Section Image
  • Aaron Minister

    Buyer's Agent in 2018

    Aaron Minister

    Minister Realty, Inc.

    (614) 404-1255

    118 Total Sales

    Aaron Minister
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217023144

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43201

1937 Summit St, Columbus, OH

Not Listed for Sale

MultiFamily

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