NOT LISTED FOR SALE

244 N 5th St Newark, OH 43055

Estimated Value: $163,000 - $184,000

5 Beds
3 Baths
2,057 Sq Ft
$85/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $164,500 $80 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,042/month

5 Days on Market

About This Home

As of May 2023

ATTENTION MULTIPLE OFFERS.pLEASE SUBMIT HIGHEST AND BEST WITH PROOF OF FUNDS BY SUNDAY 11PM APRIL 23.WILL NOTIFY BY 11AM MONDAY. Turn Key Rental! This triples features one unit with 3 beds and 1 bath, one unit is a studio, and one unit is 1 bed and 1 bath. Long term tenant that has been in the unit for over 9 years and one tenant for 3 years. Property is metro approved. Many updates have been made on the property.
Managing member of owning entity holds a real estate license in the state of Ohio.

Last Agent to Sell the Property

Jerry Adkins

Berkshire Hathaway HS Pro Rlty License #2007000930 Listed on: 04/20/2023

Berkshire Hathaway HS Pro Rlty

Last Buyer's Agent

Scott Allen

Reafco License #2020004900

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $567

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 2,057 Sq Ft Home
  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 054-267540-00.000

Community Details

Overview

  • 3 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $420
  • Gross Income $2,195
  • Net Operating Income $1,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$567

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2022
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.12
  • Total Gross Income: 2195.0
  • Co List Office Phone: 740-587-7042
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 2195.0
  • Annual Expenses: 420.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2057.0
  • Miscellaneous Basement2: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features On Street2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-267540-00.000
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 1775.0
  • Annual Operating Expense: 420.0

Tax Info

  • Tax Annual Amount: 567.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 22, 2023
Sold by
Community Redevelopment Partners Llc
Bought by
Smith Kevin E and Smith Julie A
Seller's Agent
Jerry Adkins
Berkshire Hathaway HS Pro Rlty
Buyer's Agent
Scott Allen
Reafco
List Price
$149,000
Sold Price
$164,500
Premium/Discount to List
$15,500
10.4%
Views
17
Current Estimated Value
$174,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,833
Avg. Annual Appreciation
2.49%
Original Mortgage
$123,375
Outstanding Balance
$119,944
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$54,389

Purchase Details

Closed on
Feb 18, 2021
Sold by
Adkins Jerry J and Oh Land Trust
Bought by
Cmty Redevelopment Ptrs Llc and Ohio Limited Liability Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,400
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2021
Sold by
Adkins Jerry J
Bought by
Community Redevelopment Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,400
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2014
Sold by
Damron Jessie
Bought by
Adkins Jerry J and Damron 244 266 North 5Th St Newark Oh La

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 30, 2014
Sold by
Central Ohio Amre Llc
Bought by
Damron Jessie
Seller's Agent
John Shade
RE/MAX Town Center
Buyer's Agent
John Shade
RE/MAX Town Center
List Price
$19,900
Sold Price
$14,000
Premium/Discount to List
-$5,900
-29.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.05%

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 22, 2014
Sold by
Damron Jessie
Bought by
The Community Bank
Seller's Agent
John Shade
RE/MAX Town Center
Buyer's Agent
John Shade
RE/MAX Town Center
List Price
$19,900
Sold Price
$14,000
Premium/Discount to List
-$5,900
-29.65%

Purchase Details

Closed on
Oct 8, 2013
Sold by
Thomas Ursula
Bought by
Central Ohio Amre Llc

Purchase Details

Listed on
Oct 25, 2012
Closed on
Dec 6, 2012
Sold by
Fannie Mae
Bought by
Thomas Ursula
Seller's Agent
Denise Keefe
Century 21 Frank Frye
Buyer's Agent
John Shade
Coldwell Banker Realty
List Price
$5,900
Sold Price
$5,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.26%

Purchase Details

Listed on
Oct 25, 2012
Closed on
Oct 12, 2012
Sold by
Crabill Jeffrey F
Bought by
Federal National Mortgage Association
Seller's Agent
Denise Keefe
Century 21 Frank Frye
Buyer's Agent
John Shade
Coldwell Banker Realty
List Price
$5,900
Sold Price
$5,900

Purchase Details

Closed on
Nov 8, 1999
Sold by
Berry Earl C
Bought by
Crabill Jeffrey F and Crabill Maxine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
8.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smith Kevin E $164,500 Elite Land Title
Cmty Redevelopment Ptrs Llc -- None Listed On Document
Community Redevelopment Partners Llc $39,500 None Available
Adkins Jerry J -- None Available
Damron Jessie -- None Available
The Community Bank $31,320 None Available
Central Ohio Amre Llc -- None Available
Thomas Ursula $5,900 Omega Title Agency Llc
Federal National Mortgage Association $23,334 None Available
Crabill Jeffrey F $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Kevin E $123,375
Previous Owner Community Redevelopment Partners Llc $88,400
Previous Owner Crabill Jeffrey F $32,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2023 05/24/23 Sold $164,500 +10.4% $80 / Sq Ft
04/19/2023 04/19/23 For Sale $149,000 +964.3% $72 / Sq Ft
01/22/2014 01/22/14 Sold $14,000 -29.6% $7 / Sq Ft View Prior Sale
12/23/2013 12/23/13 Pending -- -- --
12/12/2013 12/12/13 For Sale $19,900 +237.3% $10 / Sq Ft
12/11/2012 12/11/12 Sold $5,900 0.0% $3 / Sq Ft View Prior Sale
11/11/2012 11/11/12 Pending -- -- --
10/25/2012 10/25/12 For Sale $5,900 -- $3 / 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 $1,369 $37,660 $12,040 $25,620
2023 $1,380 $37,660 $12,040 $25,620
2022 $567 $13,830 $1,680 $12,150
2021 $595 $13,830 $1,680 $12,150
2020 $1,569 $13,830 $1,680 $12,150
2019 $481 $10,400 $1,400 $9,000
2018 $482 $0 $0 $0
2017 $461 $0 $0 $0
2016 $65 $0 $0 $0
2015 $411 $0 $0 $0
2014 -- $0 $0 $0
2013 $403 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223010943

Columbus and Central Ohio Regional MLS

APN: 054-267540-00.000