NOT LISTED FOR SALE

288 E Center St Marion, OH 43302

Estimated Value: $263,040

Studio
-- Bath
4,566 Sq Ft
$58/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $130,000 $28 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,520/month

16 Days on Market

About This Home

As of July 2018

Great investment opportunity!!This is an 11 unit,fully occupied building with a waiting list for occupants.It generates $4600 gross income with a net of over $3000 per mo.It includes 4 apartments and 7 sleeping rooms with a common area.Recent updates include a new roof,newer windows electric baseboard heaters and 3 newer hot water tanks.It has newer carpet and flooring and recent paint inside and out.If desired by the buyer the seller will be available for a period of 90 days after closing to advise and consult on the day to day operation at no additional cost. The seller and listing agent will accompany all showing tours to answer any questions.This property is being sold ''AS IS''with no repairs or remedies pai

Last Agent to Sell the Property

Rick Roe

Real Estate Showcase, RES License #2002007969 Listed on: 06/14/2018

Last Buyer's Agent

Dan Fenters

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,695

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • 4,566 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • 8 Parking Spaces
  • Common or Shared Parking

Utilities

  • No Cooling
  • Heating System Uses Oil

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 12-1120006.200

Community Details

Overview

  • 11 Units

Building Details

  • Operating Expense $1,600
  • Gross Income $4,600
  • Net Operating Income $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,695

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2017
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.15
  • Total Gross Income: 4600.0
  • Co List Office Phone: 740-389-2000
  • MLS Status: Closed
  • Subdivision Name: 121120006200
  • Location Property Info List PriceSqFt: 31.73
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 4600.0
  • Annual Expenses: 1600.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 4566.0
  • Miscellaneous Basement2: Yes
  • Air Conditioning None3: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: 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

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 8.0
  • Parking Features Common: Yes

Utilities

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

Schools

  • Junior High Dist: MARION CSD 5102 MAR CO.

Lot Info

  • Parcel Number: 12-1120006.200
  • Lot Size Sq Ft: 6534.0
  • Additional Parcels: No

Rental Info

  • Owner Pays: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 11
  • Net Operating Income: 3000.0
  • Annual Operating Expense: 1600.0

Tax Info

  • Tax Annual Amount: 1695.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Jul 19, 2018
Sold by
Thacker Teresa Gail and Thacker Kevin
Bought by
Holden Llc
Seller's Agent
Rick Roe
Real Estate Showcase, RES
Buyer's Agent
Dan Fenters
Coldwell Banker Realty
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%
Current Estimated Value
$263,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,040
Avg. Annual Appreciation
9.68%

Purchase Details

Closed on
Sep 8, 2017
Sold by
Gale Sharon A and Estate Of Allen W Gale & Sharo
Bought by
Thacker Teresa Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 1, 2014
Sold by
Gale Allen W and Gale Sharon A
Bought by
Thacker Teresa Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2009
Sold by
Home Central Inc
Bought by
Gale Allen W

Purchase Details

Closed on
Apr 9, 2008
Sold by
The Bank Of New York
Bought by
Home Central Inc

Purchase Details

Closed on
Mar 20, 2007
Sold by
Plaster Jerry
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Oct 21, 1998
Bought by
Gale Allen W

Purchase Details

Closed on
Jan 28, 1998
Bought by
Gale Allen W
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
Holden Llc $130,000 None Available
Thacker Teresa Gail $65,000 Attorney
Thacker Teresa Gail $80,000 None Available
Gale Allen W -- None Available
Home Central Inc $27,500 Ryan-Titlequest Titlequest A
Jp Morgan Chase Bank $4,000 None Available
Gale Allen W -- --
Gale Allen W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thacker Teresa Gail $45,000
Previous Owner Thacker Teresa Gail $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2018 07/20/18 Sold $130,000 0.0% $28 / Sq Ft
07/19/2018 07/19/18 Sold $130,000 -13.3% $28 / Sq Ft View Prior Sale
06/20/2018 06/20/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $149,900 +15.3% $33 / Sq Ft
03/20/2018 03/20/18 Off Market $130,000 -- --
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 $2,026 $44,050 $6,090 $37,960
2024 $2,026 $43,730 $5,490 $38,240
2023 $2,026 $43,730 $5,490 $38,240
2022 $1,916 $43,730 $5,490 $38,240
2021 $2,038 $43,730 $5,490 $38,240
2020 $2,110 $43,730 $5,490 $38,240
2019 $2,179 $43,730 $5,490 $38,240
2018 $1,689 $35,880 $5,490 $30,390
2017 $1,817 $35,880 $5,490 $30,390
2016 $1,704 $35,880 $5,490 $30,390
2015 $1,722 $35,880 $5,490 $30,390
2014 $2,163 $35,880 $5,490 $30,390
2012 $1,882 $38,700 $11,410 $27,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218021393

Columbus and Central Ohio Regional MLS

APN: 12-1120006.200

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