NOT LISTED FOR SALE

283 E 12th Ave Unit 285 Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated Value: $596,945 - $649,000

8 Beds
4 Baths
2,870 Sq Ft
$219/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $605,000 $211 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,835/month

87 Days on Market

About This Home

As of October 2024

OSU CAMPUS DISTRICT DUPLEX OPPORTUNITY! 100% Occupied until 8/2024. 3 Bedroom/2 Bath Unit:#283 currently leased until 8/2025 at $1,980/month. 5 Bedroom/2 Bath Unit:#285 currently leased until 8/2025 at $2,7105/month. This property offers a full basement for storage & washer/dryer units available for tenant use. UPDATED Kitchens/baths (both units) & double insulated windows. Owners have upgraded 2 A/C units, 2 H2O tanks & 1 furnace within last 3 years. CENTRAL locale just east of Summit Street & within a few blocks to The Ohio State University. *Please do not disturb tenants, CURB OFFERS w/48 hour right of walk through contract acceptance only. Newly installed basement support I-beams. New roof scheduled for install in August!

Last Agent to Sell the Property

Jeff Mahler

The Brokerage House License #2007005702 Listed on: 07/18/2024

Last Buyer's Agent

Dara Barker

Keller Williams Consultants License #2007001786

Keller Williams Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,249

Year Built

  • Built in 1921

Lot Details

  • 3,485

Parking

  • On-Street Parking

Home Design

  • 2,870 Sq Ft Home
  • Duplex
  • Stucco

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 3,485 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 010-012810

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $19,540
  • Gross Income $55,440
  • Net Operating Income $35,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,249

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1921
  • Tax Year: 2023
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.08
  • Total Gross Income: 55440.0
  • Co List Office Phone: 614-888-1000
  • MLS Status: Closed
  • Subdivision Name: OSU Campus District
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 55440.0
  • Annual Expenses: 19540.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2870.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: 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:Stucco2: Yes

Garage/Parking

  • Parking Features On Street2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-012810
  • Lot Size Sq Ft: 3484.8
  • Zoning Description: RES

Rental Info

  • Owner Pays: Water

Multi Family

  • Monthly Rent (Other): 2710.0
  • Number Of Units Total: 2
  • Net Operating Income: 35990.0
  • Annual Operating Expense: 19540.0

Tax Info

  • Tax Annual Amount: 6249.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Oct 9, 2024
Sold by
Red Brick Holdings Llc
Bought by
Supernova Enterprises Llc
Seller's Agent
Jeff Mahler
The Brokerage House
Buyer's Agent
Dara Barker
Keller Williams Consultants
List Price
$625,000
Sold Price
$605,000
Premium/Discount to List
-$20,000
-3.2%
Views
28
Current Estimated Value
$627,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,486
Avg. Annual Appreciation
3.44%
Original Mortgage
$484,000
Outstanding Balance
$478,912
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$148,574

Purchase Details

Closed on
Jan 31, 2023
Sold by
Sutton Steven
Bought by
Red Brick Holdings Llc

Purchase Details

Closed on
Dec 31, 2022
Sold by
Sutton Steven
Bought by
Red Brick Holdings Llc

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jul 30, 2021
Sold by
283 E 12Th Llc
Bought by
Sutton Steven
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Jeff Mahler
The Brokerage House
List Price
$560,000
Sold Price
$510,000
Premium/Discount to List
-$50,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$382,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2017
Sold by
University Manors Ltd
Bought by
283 E 12Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,853
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2007
Sold by
The Bank Of New York Trust Co Na
Bought by
University Manors Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2006
Sold by
Wilder Thomas M and Jp Morgan Chase Bank
Bought by
The Bank Of New York Trust Co Na and Residential Funding Co Llc

Purchase Details

Closed on
Jul 9, 2004
Sold by
Wilder Alma Darleen
Bought by
Wilder Thomas M

Purchase Details

Closed on
Oct 5, 1977
Bought by
Wilder Alma D
Source: Public Records

Range of Values:

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Average Value
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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
Supernova Enterprises Llc $605,000 Northwest Select Title
Red Brick Holdings Llc -- --
Red Brick Holdings Llc -- None Listed On Document
Sutton Steven $510,000 Elite Land Title Agency
283 E 12Th Llc -- Hummel Title Agency Inc
University Manors Ltd $88,000 Sovereign
The Bank Of New York Trust Co Na $90,000 None Available
Wilder Thomas M -- --
Wilder Alma D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Supernova Enterprises Llc $484,000
Previous Owner Sutton Steven $382,500
Previous Owner 283 E 12Th Llc $391,853
Previous Owner University Manors Ltd $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Sold $605,000 -1.6% $211 / Sq Ft
08/30/2024 08/30/24 Price Changed $615,000 -1.6% $214 / Sq Ft
07/18/2024 07/18/24 For Sale $625,000 +22.5% $218 / Sq Ft
07/30/2021 07/30/21 Sold $510,000 -2.9% $178 / Sq Ft View Prior Sale
05/27/2021 05/27/21 Price Changed $525,000 -6.3% $183 / Sq Ft
04/26/2021 04/26/21 For Sale $560,000 +9.8% $195 / Sq Ft
04/15/2021 04/15/21 Off Market $510,000 -- --
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 $6,328 $138,080 $22,820 $115,260
2023 $6,249 $138,080 $22,820 $115,260
2022 $4,856 $88,550 $9,660 $78,890
2021 $4,714 $88,550 $9,660 $78,890
2020 $4,721 $88,550 $9,660 $78,890
2019 $4,788 $77,000 $8,400 $68,600
2018 $4,663 $77,000 $8,400 $68,600
2017 $4,787 $77,000 $8,400 $68,600
2016 $4,993 $73,500 $8,400 $65,100
2015 $4,546 $73,500 $8,400 $65,100
2014 $4,557 $73,500 $8,400 $65,100
2013 $2,248 $73,500 $8,400 $65,100
Source: Public Records

Agents Affiliated with this Home

  • Jeff Mahler

    Seller's Agent in 2024

    Jeff Mahler

    The Brokerage House

    (614) 832-7139

    2 in this area

    319 Total Sales

    Jeff Mahler
    Section Image
  • Dara Barker

    Buyer's Agent in 2024

    Dara Barker

    Keller Williams Consultants

    (614) 344-6053

    1 in this area

    172 Total Sales

    Dara Barker
    Section Image
  • Matthew Brown

    Seller's Agent in 2021

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    7 in this area

    20 Total Sales

    Matthew Brown
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224024699

Columbus and Central Ohio Regional MLS

APN: 010-012810

Ohio Franklin County Columbus 43201 Indianola Terrace

283 E 12th Ave Unit 285, Columbus, OH

Not Listed for Sale

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