NOT LISTED FOR SALE

Estimated Value: $407,097 - $435,000

6 Beds
2 Baths
2,472 Sq Ft
$173/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $320,000 $129 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,835/month

42 Days on Market

About This Home

As of August 2021

MULTIPLE OFFERS! SELLER REQUESTS HIGHEST/BEST BY SUNDAY, 7/18 AT 1PM. SELLER WILL RESPOND BY 5PM, 7/20. INVESTMENT OPPORTUNITY in Glen Echo Ravine! Long time owner & tenants. 3 Bedrooms/1 Full Bath per side duplex. Traditional formal Living & Dining RM combination which flows to eat-in Kitchen w/back door access to lot & off-street parking. Full basement. Fully occupied. Tenants on month to month leases ($880 & $860/month). Rents below market value. $1,740 gross income/month - maintenance, insurance, taxes & water expenses = $814 for current owner/monthly. Net income/monthly = $926. Do not disturb tenants. CURB OFFERS ONLY with 24 hour walk through rights. Property SOLD in ''AS IS'' condition. Property in need of updates, priced accordingly.

Last Listed By

Jeff Mahler

The Brokerage House License #2007005702 Listed on: 07/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,555

Year Built

  • Built in 1938

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • 2,472 Sq Ft Home
  • Duplex

Parking

  • 2 Parking Spaces
  • 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 water
  • Assessor Parcel Number 010-043402

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $187
  • Maintenance Expense $150
  • Water Sewer Expense $72
  • Operating Expense $9,768
  • Gross Income $20,880
  • Net Operating Income $13,037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,555

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1938
  • Tax Year: 2020
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.09
  • Total Gross Income: 20880.0
  • Co List Office Phone: 614-888-1000
  • MLS Status: Closed
  • Subdivision Name: Glen Echo Ravine
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 20880.0
  • Annual Expenses: 9768.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2472.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Air Conditioning None3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 72.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-043402
  • Lot Size Sq Ft: 3920.4
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 187.0
  • Maintenance Expense: 150.0
  • Net Operating Income: 13037.0
  • Annual Operating Expense: 9768.0

Tax Info

  • Tax Annual Amount: 4555.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 18, 2021
Sold by
Alcox Properties Ltd
Bought by
Murlin Jared Glenn and Murlin Amelia Nicole
Seller's Agent
Jeff Mahler
The Brokerage House
Buyer's Agent
Frederick Rector
Keller Williams Capital Ptnrs
List Price
$289,900
Sold Price
$320,000
Premium/Discount to List
$30,100
10.38%
Total Days on Market
42
Current Estimated Value
$426,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,524
Avg. Annual Appreciation
8.79%
Original Mortgage
$272,000
Outstanding Balance
$250,182
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$186,835

Purchase Details

Closed on
May 29, 1999
Sold by
Alcox John C
Bought by
Alcox Properties Ltd

Purchase Details

Closed on
Aug 15, 1997
Sold by
Alcox John C and Alcox Judith K
Bought by
Alcox John C

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
Murlin Jared Glenn $320,000 Northwest Select Ttl Agcy Ll
Alcox Properties Ltd -- --
Alcox John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murlin Jared Glenn $110,780
Open Murlin Jared Glenn $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $320,000 +10.4% $129 / Sq Ft
07/15/2021 07/15/21 For Sale $289,900 -- $117 / 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 $5,647 $124,500 $35,880 $88,620
2023 $5,575 $124,500 $35,880 $88,620
2022 $4,486 $85,440 $20,270 $65,170
2021 $4,549 $85,440 $20,270 $65,170
2020 $4,555 $85,440 $20,270 $65,170
2019 $4,087 $65,730 $15,610 $50,120
2018 $4,286 $65,730 $15,610 $50,120
2017 $4,086 $65,730 $15,610 $50,120
2016 $4,934 $72,630 $11,760 $60,870
2015 $4,492 $72,630 $11,760 $60,870
2014 $4,503 $72,630 $11,760 $60,870
2013 $2,115 $69,160 $11,200 $57,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221026335

Columbus and Central Ohio Regional MLS

APN: 010-043402