NOT LISTED FOR SALE

259 Frana Clara St E Louisville, OH 44641

Estimated Value: $256,000 - $288,693

6 Beds
4 Baths
2,848 Sq Ft
$96/Sq Ft Est. Value

Last Sold February 13, 2024

Last sale price $259,900 $91 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,708/month

1 Day on Market

Highlights

  • 2 Car Direct Access Garage
  • Double Pane Windows
  • Storage
  • Eat-In Kitchen
  • Side by Side Parking
  • Forced Air Heating and Cooling System

About This Home

As of February 2024

Here is a fantastic property with excellent tenants. Fully turn key, hard to find 3-BR duplex in highly desirable Louisville community. Tucked away in area of new construction provides market value/confidence & tenant interest. Side by side duplex, mirror image:
LR 15x11 (carpet), DR 15x11 (carpet, slider to brick patio),
Kitchen (9x14, eat in, breakfast counter, double sink, dishwasher-fridge (261-2023)-stove-(259 microwave & garbage disposal).
Half-Bath on main floor, Bedrooms: 13x10, 15x11, 11x11, carpeted, some with ceiling fans,
Full basement sectioned nicely, add living space with little effort. Laundry area.
Central Air, good mechanicals (Heat 259-2022, 261-newer/maintained), owner pays for lawn care only.
Water softeners (259-2019, 261-2020)
vinyl windows good condition.
Please see attached FLOOR PLAN in photo gallery.
Leases thru 12/31/24 so your income is locked in for 0% vacancy in 2024.
See attached APODs for a) current annual financials and b) with $1150/mo rents (7.7% CAP, $307,000 valuation!)
AT UNDER $91/sqft this one is a great start, or addition to your portfolio.
Buyer Financing Options: Cash, Conventional, FHA, OHFA, VA, USDA... Very feasible.
Whether new or experienced, seller offers a 1-year home warranty for full peace of mind in 2024.

Last Agent to Sell the Property

Eric Wachtel

Howard Hanna License #2002009323 Listed on: 01/13/2024

Howard Hanna

Last Buyer's Agent

Ramza Boutros

Cutler Real Estate License #375448

Cutler Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,394

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 0.66 Acre Lot
  • Southeast Facing Home
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • Inside Entrance
  • Front Facing Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,848 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Storage

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Softener

Community Details

  • Operating Expense $5,600

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tenant pays for all utilities, cable TV, snow removal
  • The owner pays for grounds care
  • Assessor Parcel Number 03604243

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,394

Year Built

Built in 1987 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1987
  • ResoLotFeatures: Back Yard, Flat, Front Yard, Level
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 2848.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Reso Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Storage
  • Unit Levels: Two
  • Reso Property Condition: Updated/Remodeled
  • ResoWindowFeatures: Double Pane Windows, Insulated Windows
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Interior Entry, Concrete, Partially Finished, Storage Space
  • Basement: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Softener
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: None
  • Acres: 0.6584
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding, Wood Siding
  • Direction Faces: Southeast

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Direct Access, Driveway, Garage Faces Front, Garage, Garage Door Opener, Inside Entrance, Side By Side

Utilities

  • LaundryFeatures: In Basement, Lower Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Louisville CSD - 7607

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03604243
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care
  • Tenant Pays: All Utilities, Cable TV, Snow Removal

Multi Family

  • Gross Income: 22500.0
  • Annual Operating Expense: 5600.0

Tax Info

  • Tax Annual Amount: 2394.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Apr 4, 2024
Sold by
Albhaisi Atedal A
Bought by
Dulal Properties Llc
Seller's Agent
Eric Wachtel
Howard Hanna
Buyer's Agent
Ramza Boutros
Cutler Real Estate
List Price
$259,000
Sold Price
$259,900
Premium/Discount to List
$900
0.35%
Views
57
Current Estimated Value
$273,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,523
Avg. Annual Appreciation
2.92%

Purchase Details

Listed on
Jan 13, 2024
Closed on
Jan 12, 2024
Sold by
Gaelic Building Company Llc
Bought by
Albhaisi Atedal A
Seller's Agent
Eric Wachtel
Howard Hanna
Buyer's Agent
Ramza Boutros
Cutler Real Estate
List Price
$259,000
Sold Price
$259,900
Premium/Discount to List
$900
0.35%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2017
Closed on
Feb 21, 2018
Sold by
Johnson Larry Douglas
Bought by
Gaelic Building Company Llc
Seller's Agent
Deborah Oberlin
XRE
Buyer's Agent
Tom Baier
Coldwell Banker Schmidt Realty
List Price
$189,900
Sold Price
$187,000
Premium/Discount to List
-$2,900
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Oct 20, 2015
Sold by
Sebastiano Paul J
Bought by
Johnson Larry Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,250
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2014
Sold by
Mckinley Development Co Ltd
Bought by
Sebastiano Paul J

Purchase Details

Closed on
Sep 30, 2003
Sold by
Ron Samuel M and Ron Bilha
Bought by
Mckinley Development Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,719
Interest Rate
6.4%
Mortgage Type
Seller Take Back
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
Dulal Properties Llc -- None Listed On Document
Albhaisi Atedal A $259,000 None Listed On Document
Gaelic Building Company Llc $187,000 Ohio Real Title
Johnson Larry Douglas $179,000 Attorney
Sebastiano Paul J $139,000 None Available
Mckinley Development Co Ltd $3,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Albhaisi Atedal A $194,250
Previous Owner Johnson Larry Douglas $134,250
Previous Owner Mckinley Development Co Ltd $16,719
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2024 02/13/24 Sold $259,900 +0.3% $91 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $259,000 +38.5% $91 / Sq Ft
02/23/2018 02/23/18 Sold $187,000 -1.5% $66 / Sq Ft View Prior Sale
02/07/2018 02/07/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $189,900 +1.6% $67 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
01/06/2018 01/06/18 Off Market $187,000 -- --
12/27/2017 12/27/17 Pending -- -- --
10/05/2017 10/05/17 Price Changed $189,900 -1.4% $67 / Sq Ft
09/13/2017 09/13/17 Price Changed $192,500 -3.4% $68 / Sq Ft
07/10/2017 07/10/17 For Sale $199,275 -- $70 / Sq Ft
Source: MLS Now (Howard Hanna)

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
2025 -- $83,030 $46,380 $36,650
2024 -- $83,030 $46,380 $36,650
2023 $3,208 $72,910 $27,440 $45,470
2022 $3,215 $72,910 $27,440 $45,470
2021 $3,224 $72,910 $27,440 $45,470
2020 $2,663 $65,210 $24,750 $40,460
2019 $2,677 $65,210 $24,750 $40,460
2018 $2,667 $65,210 $24,750 $40,460
2017 $2,346 $55,340 $19,390 $35,950
2016 $2,394 $55,340 $19,390 $35,950
2015 $1,970 $50,300 $19,390 $30,910
2014 $124 $45,510 $17,540 $27,970
2013 $1,052 $45,190 $17,540 $27,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5011335

MLS Now (Howard Hanna)

APN: 03604243