NOT LISTED FOR SALE

221 W Union St Mount Gilead, OH 43338

Estimated Value: $225,000 - $242,817

6 Beds
3 Baths
-- Sq Ft
0.75 Acres

Last Sold September 08, 2020

Last sale price $161,500

Est. 45% increase in value since last sale

Current estimated payment $1,428/month

1 Day on Market

About This Home

As of September 2020

Great Investment/income Opportunity in this multi family property located minutes from schools, shopping,etc...Building 1 has 3 units and building 2 has 1 unit. Cap rate over 15%. Property is fully rented with long term tenants who want to stay. All units have separate electric meters but shared water/trash which is included in rents. Photos and disclosures coming 7/9/2020

Last Agent to Sell the Property

Alexandria Heacock

HER, REALTORS Listed on: 07/08/2020

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,849

Year Built

  • Built in 1979

Lot Details

  • 0.75 Acre Lot
  • Additional Parcels

Home Design

  • Duplex

Parking

  • 1 Carport Space
  • Shared Driveway

Utilities

  • No Cooling
  • Radiant Heating System

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number G20-009-00-065-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Water Sewer Expense $175
  • Operating Expense $3,047
  • Gross Income $28,500
  • Net Operating Income $25,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,849

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1979
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.75
  • Total Gross Income: 28500.0
  • Co List Office Phone: 330-421-1176
  • MLS Status: Closed
  • Income Expenses Gross Income: 28500.0
  • Annual Expenses: 3047.0
  • General Property Info # of Buildings: 2.0
  • Air Conditioning None3: Yes
  • Miscellaneous Carports: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Aluminum: Yes

Garage/Parking

  • Parking Features Shared Driveway2: Yes
  • General Property Info Carport Spaces2: 1.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating:Radiant: Yes

Fee Information

  • Annual Water Sewer Expense: 175.0

Schools

  • Junior High Dist: MT GILEAD EVSD 5903 MOR CO.

Lot Info

  • Parcel Number: G20-009-00-065-00
  • Lot Size Sq Ft: 32670.0
  • Additional Parcels Description: G20-009-00-065-01 G20-009-00-065-02 G20-009-00-064-01
  • Additional Parcels: Yes

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Monthly Rent (Other): 625.0
  • Number Of Units Total: 4
  • Insurance Expense: 1200.0
  • Net Operating Income: 25400.0
  • Annual Operating Expense: 3047.0

Tax Info

  • Tax Annual Amount: 1849.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 2, 2020
Sold by
Lancaster Bryan N and Lancaster Jacquelyn M
Bought by
Zepeda Eduardo and Ray Lesley
Seller's Agent
Alexandria Heacock
HER, REALTORS
Buyer's Agent
NON MEMBER
NON MEMBER OFFICE
List Price
$165,000
Sold Price
$161,500
Premium/Discount to List
-$3,500
-2.12%
Current Estimated Value
$233,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,409
Avg. Annual Appreciation
7.47%
Original Mortgage
$121,125
Outstanding Balance
$107,490
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$126,419

Purchase Details

Closed on
Feb 17, 2015
Sold by
Baird Trust Auld Vicki L Trustee
Bought by
Lancaster Michael G and Lancaster Marlene K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.69%

Purchase Details

Closed on
Jan 11, 2010
Sold by
Baird Kenneth G
Bought by
Baird Kenneth G

Purchase Details

Closed on
Oct 13, 2009
Sold by
Baird Kenneth F
Bought by
Auld Vicki L

Purchase Details

Closed on
Jul 29, 2008
Bought by
Baird Kenneth G Trustee

Purchase Details

Closed on
Apr 26, 2001
Sold by
Baird Kenneth G
Bought by
Baird Kenneth G & Clara J Trustees

Purchase Details

Closed on
Jan 1, 1990
Bought by
Baird Kenneth G
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zepeda Eduardo $161,500 Stewart Title
Lancaster Michael G $116,000 --
Baird Kenneth G -- --
Auld Vicki L -- --
Baird Kenneth G Trustee -- --
Baird Kenneth G & Clara J Trustees -- --
Baird Kenneth G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zepeda Eduardo $121,125
Previous Owner Lancaster Michael G --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2020 09/08/20 Sold $161,500 -2.1% --
07/09/2020 07/09/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $165,000 -- --
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 $2,411 $55,100 $9,630 $45,470
2023 $2,411 $55,100 $9,630 $45,470
2022 $1,988 $40,610 $8,300 $32,310
2021 $1,892 $40,610 $8,300 $32,310
2020 $1,907 $40,610 $8,300 $32,310
2019 $1,683 $35,320 $7,210 $28,110
2018 $1,687 $35,390 $7,280 $28,110
2017 $1,657 $35,390 $7,280 $28,110
2016 $1,415 $29,930 $5,080 $24,850
2015 $1,324 $29,930 $5,080 $24,850
2014 $1,344 $29,930 $5,080 $24,850
2013 $1,414 $33,260 $5,640 $27,620
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alexandria Heacock

    HER, REALTORS

  • N

    Buyer's Agent in 2020

    NON MEMBER

    NON MEMBER OFFICE

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 220022122

Columbus and Central Ohio Regional MLS

APN: G20-009-00-065-02

Ohio Morrow County Mount Gilead 43338

221 W Union St, Mount Gilead, OH

This home is located at 221 W Union St, Mount Gilead, OH 43338 since 08 July 2020 and is currently estimated at $233,909. This property was built in 1979. 221 W Union St is a home located in Morrow County with nearby schools including Park Avenue Elementary School, Mt Gilead Middle School, and Mt Gilead High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes