NOT LISTED FOR SALE

2218 Royal Palm Ave Defiance, OH 43512

Estimated Value: $256,000 - $272,000

6 Beds
3 Baths
3,008 Sq Ft
$88/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $320,000 $106 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,606/month

1 Day on Market

Highlights

  • 1.05 Acre Lot
  • Central Air
  • Heat Pump System

About This Home

As of October 2021

THREE triplexes totaling 9 units --- (2214, 2216, 2218 Royal Palm) & (2230, 2232, 2234 Royal Palm) & (2250, 2252, 2254 Royal Palm). Fully occupied with 8 units on a month-to-month lease. Tenants pay all utilities including water & garbage. All units are electric heat pump with central air. (3664 sq ft) & (3008 sq ft) & (3008 sq ft) per building.

Last Agent to Sell the Property

Brent Joost

RE/MAX Realty of Defiance License #0000292578 Listed on: 08/31/2021

Last Buyer's Agent

Brent Joost

RE/MAX Realty of Defiance License #0000292578 Listed on: 08/31/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,399

Year Built

  • Built in 1974

Lot Details

  • 1.05 Acre Lot
  • Lot Dimensions are 346 x 132

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,008 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 12 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Defiance Elementary School
  • Defiance High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $4,115
  • Tenant pays for electricity, sewer, water
  • The owner pays for exterior maintenance, insurance, lawn care, repairs, taxes
  • Assessor Parcel Number B01-4183-0-019-00

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • S And S Ranchland Heights Subdivision

Building Details

  • 9 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,399

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1974
  • Lot Size Acres: 1.05
  • Lot Size: 346 x 132
  • Subdivision Name: S and S Ranchland Heights
  • Carport Y N: No
  • Status Change Information: Status Change Timestamp: 2021-10-15
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Buildings: 3
  • Owner Pays: Exterior Maintenance, Insurance, Lawn Care, Repairs, Taxes
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Construction Type: Brick
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Gravel, Parking Lot, Driveway
  • Total Parking Spaces: 12.0

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Sanitary Sewer
  • Appliances: Water Heater, Refrigerator
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Defiance

Lot Info

  • Lot Size Sq Ft: 45738.0
  • Parcel #: B01-4183-0-019-00

Rental Info

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

Multi Family

  • Number Of Units Total: 9
  • Number Of Units Leased: 9
  • Total Actual Rent: 4115.0

MLS Schools

  • Elementary School: Defiance
  • HighSchool: Defiance

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Oct 15, 2021
Sold by
Wisniewski Dennis P and Wisniewski Sharon A
Bought by
Woodruff William G and Woodruff Brenda L
Seller's Agent
Brent Joost
RE/MAX Realty of Defiance
Buyer's Agent
Brent Joost
RE/MAX Realty of Defiance
List Price
$380,000
Sold Price
$320,000
Premium/Discount to List
-$60,000
-15.79%
Current Estimated Value
$264,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,000
Avg. Annual Appreciation
-4.53%
Original Mortgage
$515,000
Outstanding Balance
$433,670
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$169,670

Purchase Details

Closed on
May 26, 2011
Sold by
Wisniewski Dennis P and Wisniewski Sharon A
Bought by
Sharon Apartments Llc

Purchase Details

Closed on
Jun 30, 2003
Bought by
Wisniewski Dennis P

Purchase Details

Closed on
Nov 23, 1998
Bought by
Wisniewski Dennis P

Purchase Details

Closed on
Jul 1, 1990
Bought by
Wisniewski Dennis P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Woodruff William G $320,000 None Available
Sharon Apartments Llc -- --
Wisniewski Dennis P $201,500 --
Wisniewski Dennis P $175,000 --
Wisniewski Dennis P $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodruff William G $515,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $320,000 -15.8% $106 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $380,000 -- $126 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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 $2,618 $67,970 $6,630 $61,340
2023 $2,618 $67,970 $6,630 $61,340
2022 $2,752 $63,850 $6,630 $57,220
2021 $2,752 $63,850 $6,630 $57,220
2020 $2,774 $63,850 $6,630 $57,220
2019 $2,561 $57,670 $6,620 $51,050
2018 $2,493 $57,670 $6,620 $51,050
2017 $2,018 $57,663 $6,615 $51,048
2016 $1,609 $36,603 $4,497 $32,106
2015 $776 $36,603 $4,497 $32,106
2014 $776 $36,603 $4,497 $32,106
2013 $776 $36,603 $4,497 $32,106
2012 $776 $36,604 $4,498 $32,106
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brent Joost

    RE/MAX

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6076551

Northwest Ohio Real Estate Information Service (NORIS)

APN: B01-4183-0-019-00

Ohio Defiance County Defiance 43512

2218 Royal Palm Ave, Defiance, OH

Not Listed for Sale

MultiFamily

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