SOLD NOV 20, 2017
RENTED SEP 5, 2024
1938 Summit St Unit 940 Columbus, OH 43201
Indianola Terrace Neighborhood
--
Bed
--
Bath
3,452
Sq Ft
5,663
Sq Ft Lot
About This Home
As of November 2017OSU off-campus student housing investment property. The duplex offers 2 - 5 BD / 1 BA units (10 total beds) with large floor plans on both sides. Units are recently renovated with updated kitchens and bathrooms, hardwood floors, central A/C, recessed lighting and electronic locks. Tenants enjoy on-site laundry and off-street parking. The property is 100% pre-leased for 2017-18 academic year at $2,400 (1938) and $2,525 (1940) per month. Tenants pay all utilities.
Last Agent to Sell the Property
Brown Multifamily Advisors,LLC License #2016006143 Listed on: 06/15/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,237
Year Built
- Built in 1913
Parking
- Off-Street Parking: 1
Home Design
- 3,452 Sq Ft Home
- Duplex
- Brick Exterior Construction
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Washer and Dryer Hookup
- 5,663 Sq Ft Lot
- Basement
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 010-013491
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $14,406
- Gross Income $59,248
- Net Operating Income $44,842
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2017
Closed on
Nov 20, 2017
Sold by
Campus Homes Ltd
Bought by
1938 1940 Summit Llc
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Ray Haghighi
Easton Realty
List Price
$525,833
Sold Price
$517,500
Premium/Discount to List
-$8,333
-1.58%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,843
Avg. Annual Appreciation
0.03%
Original Mortgage
$414,000
Interest Rate
3.85%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 7, 1997
Sold by
Taylor/Wells Properties
Bought by
Campus Homes Ltd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 1995
Sold by
Jackson Alberta H
Bought by
Taylor Wells Properties
Purchase Details
Closed on
Aug 24, 1987
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hummel Title Box | |
| Deed | $99,500 | -- | |
| Deed | $92,000 | -- | |
| Deed | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $492,000 | Future Advance Clause Open End Mortgage | |
| Closed | $414,000 | Commercial | |
| Previous Owner | $102,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2024 09/05/24 | Rented | $3,650 | 0.0% | -- |
| 09/03/2024 09/03/24 | For Rent | $3,650 | 0.0% | -- |
| 11/20/2017 11/20/17 | Sold | $517,500 | -1.6% | $150 / Sq Ft |
| 10/21/2017 10/21/17 | Pending | -- | -- | -- |
| 06/01/2017 06/01/17 | For Sale | $525,833 | -- | $152 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History Compared to Growth
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 | $6,328 | $138,080 | $37,240 | $100,840 |
| 2023 | $6,249 | $138,075 | $37,240 | $100,835 |
| 2022 | $5,232 | $98,460 | $29,400 | $69,060 |
| 2021 | $5,242 | $98,460 | $29,400 | $69,060 |
| 2020 | $5,250 | $98,460 | $29,400 | $69,060 |
| 2019 | $4,897 | $78,750 | $23,520 | $55,230 |
| 2018 | $4,373 | $78,750 | $23,520 | $55,230 |
| 2017 | $4,567 | $78,750 | $23,520 | $55,230 |
| 2016 | $4,237 | $62,370 | $19,390 | $42,980 |
| 2015 | $3,858 | $62,370 | $19,390 | $42,980 |
| 2014 | $3,867 | $62,370 | $19,390 | $42,980 |
| 2013 | $1,734 | $56,700 | $17,640 | $39,060 |
Source: Public Records
Agents Affiliated with this Home
-
Evan Murlin
E
Seller's Agent in 2024
Evan Murlin
Red 1 Realty
(614) 937-4120
16 Total Sales
-
Matthew Brown
Seller's Agent in 2017
Matthew Brown
Brown Multifamily Advisors,LLC
(614) 519-8689
7 in this area
19 Total Sales
-
Ray Haghighi
R
Buyer's Agent in 2017
Ray Haghighi
Easton Realty
(614) 599-5772
6 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 217020808
APN: 010-013491
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