NOT LISTED FOR SALE

261 Olney Ave Marion, OH 43302

Estimated Value: $94,000 - $115,000

3 Beds
1 Bath
2,176 Sq Ft
$48/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $72,450 $33 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $640/month

20 Days on Market

About This Home

As of May 2021

Great Investment Property!! Both sides are already rented. New hot water heater on both sides. One side has 2 bedrooms, 1 1/2 baths, with new laminate plank flooring in the kitchen and 1/2 bath. The other side is a 2 bedroom and 1 bath with new kitchen flooring.

Last Agent to Sell the Property

Erica Logan

Real Estate Showcase, RES License #2015005901 Listed on: 05/04/2021

Last Buyer's Agent

Deborah Crabtree

Realty Ohio Inc. License #2003003406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $824

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • 2,176 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • 3 Car Garage
  • On-Street Parking
  • Off-Street Parking: 1

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 12-3140004.700

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $528
  • Gross Income $10,320
  • Net Operating Income $9,792

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$824

Year Built

Built in 1910

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2020
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.23
  • Total Gross Income: 10320.0
  • Co List Office Phone: 740-389-2000
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 37.91
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 10320.0
  • Annual Expenses: 528.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2176.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Air Conditioning None3: Yes
  • Owner Pays Trash2: Yes
  • Miscellaneous Garages: 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:Vinyl Siding2: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features On Street2: Yes
  • Parking Features 1 Car Garage2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: MARION CSD 5102 MAR CO.

Lot Info

  • Parcel Number: 12-3140004.700
  • Lot Size Sq Ft: 10018.8

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 9792.0
  • Annual Operating Expense: 528.0

Tax Info

  • Tax Annual Amount: 824.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
B & R Marion 3 Llc
Bought by
Jac Rtr Holdings Llc
Current Estimated Value
$104,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,852,500
Outstanding Balance
$2,571,607
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$2,466,687

Purchase Details

Closed on
Oct 1, 2002
Bought by
Miller Adam B and Surv Andrea K

Purchase Details

Closed on
Nov 16, 1995
Bought by
Miller Adam B and Surv Andrea K

Purchase Details

Closed on
Jul 29, 1994
Bought by
Miller Adam B and Surv Andrea K
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
Jac Rtr Holdings Llc $470,000 Talon Title Agency
Jac Rtr Holdings Llc $470,000 Talon Title Agency
Miller Adam B $72,900 --
Miller Adam B -- --
Miller Adam B $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jac Rtr Holdings Llc $2,852,500
Closed Jac Rtr Holdings Llc $2,852,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold $72,450 -12.2% $33 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $82,500 -- $38 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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 $996 $34,240 $2,140 $32,100
2024 $996 $25,940 $2,100 $23,840
2023 $996 $25,940 $2,100 $23,840
2022 $980 $25,940 $2,100 $23,840
2021 $822 $20,750 $1,830 $18,920
2020 $824 $20,750 $1,830 $18,920
2019 $823 $20,750 $1,830 $18,920
2018 $807 $20,350 $1,810 $18,540
2017 $818 $20,350 $1,810 $18,540
2016 $812 $20,350 $1,810 $18,540
2015 $813 $19,910 $1,720 $18,190
2014 $814 $19,910 $1,720 $18,190
2012 $980 $23,830 $1,990 $21,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221014312

Columbus and Central Ohio Regional MLS

APN: 12-3140004.700

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