NOT LISTED FOR SALE

214 W 3rd St Ottawa, OH 45875

Studio
1 Bath
7,680 Sq Ft
0.47 Acres Lot

Sale Details

Date Sold: August 31, 2021

Last sale price $192,000 $25 Per Sq Ft

125 Days on Market

Highlights

  • Built in 1900 | Newly Remodeled
  • Heating System Uses Natural Gas
  • 2-minute walk to Lord's Park
  • Corner Lot

About This Home

As of August 2021

Great investment opportunity in Ottawa,Ohio. Very well maintained 2 story building with 4 apartments and dance studio. Long-time established tenants. Proven income with posiitive cash flow. Each apartments offers 2 bedrooms, 1 bath and includes kitchen appliances. Common laundry room for tenants. Dance studio has had recent updates to bathrooms and flooring. Roof is approximately 20 years and well maintained. No flood zone as sellers obtained a letter of map amendment (LOMA) to remove building from flood zone. 2 garages for storage. Income and expense available upon request.

Last Agent to Sell the Property

Susan Schroeder

ERA Geyer-Noakes Realty Group License #0000318522 Listed on: 03/17/2021

Last Buyer's Agent

Susan Schroeder

ERA Geyer-Noakes Realty Group License #0000318522 Listed on: 03/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,470

Year Built

  • Built in 1900 | Newly Remodeled

Lot Details

  • 20,630 Sq Ft Lot
  • Lot Dimensions are 120x165
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 7,680 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Laundry

  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • Alley Access
  • Driveway
  • Parking Lot

Schools

  • Ottawa Elementary School
  • Ottawa - Glandorf High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Total Actual Rent $2,750
  • Tenant pays for electricity
  • The owner pays for insurance, lawn care, sewer, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 32-005090-0000
  • $20 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,470

Year Built

Built in 1900 | Newly Remodeled

Lot Details

0.47 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1900
  • Lot Size Acres: 0.47
  • Lot Size: 120x165
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Carport Y N: No
  • New Construction: Yes
  • Status Change Information: Status Change Timestamp: 2021-08-31
  • Special Features: 4098

Interior Features

  • Number Of Buildings: 1
  • Owner Pays: Insurance, Lawn Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Concrete
  • Foundation Details: Crawl Space, Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Parking Lot, Alley Access, Driveway
  • Total Parking Spaces: 10.0

Utilities

  • Heating: Electric, Natural Gas, Radiant
  • Sewer: Sanitary Sewer
  • Appliances: Water Heater, Dryer, Refrigerator, Washer
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Ottawa - Glandorf

Lot Info

  • Lot Size Sq Ft: 20630.0
  • Parcel #: 32-005090-0000

Rental Info

  • Lease Term: ["Month To Month"]
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 2750.0

MLS Schools

  • Elementary School: Ottawa
  • HighSchool: Ottawa - Glandorf

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Aug 27, 2021
Sold by
Tenwalde Carol A and Robert F Tenwalde Revocable Li
Bought by
Tenwalde Carol A and Tenwalde Revocable Livi Vera A
Seller's Agent
Susan Schroeder
ERA Geyer-Noakes Realty Group
Buyer's Agent
Susan Schroeder
ERA Geyer-Noakes Realty Group
List Price
$237,000
Sold Price
$192,000
Premium/Discount to List
-$45,000
-18.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,469
Interest Rate
2.7%
Mortgage Type
Commercial
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
Tenwalde Carol A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tenwalde Carol A $72,469
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $192,000 -19.0% $25 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $237,000 -- $31 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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
2025 $2,586 $64,080 $12,350 $51,730
2024 $2,463 $64,080 $12,350 $51,730
2023 $2,527 $32,700 $9,700 $23,000
2022 $1,432 $32,698 $9,699 $22,999
2021 $1,441 $32,700 $9,700 $23,000
2020 $1,470 $34,620 $8,820 $25,800
2019 $1,470 $32,700 $9,700 $23,000
2018 $1,425 $32,700 $9,700 $23,000
2017 $1,523 $32,700 $9,700 $23,000
2016 $1,523 $34,620 $8,820 $25,800
2015 $1,532 $34,620 $8,820 $25,800
2014 $1,533 $34,620 $8,820 $25,800
2013 $1,483 $34,620 $8,820 $25,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6067672

Northwest Ohio Real Estate Information Service (NORIS)

APN: 32-005090-0000

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