NOT LISTED FOR SALE

305 N Grant St Wooster, OH 44691

Estimated Value: $196,000 - $239,680

6 Beds
3.5 Baths
3,318 Sq Ft
$66/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $175,000 $53 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,385/month

20 Days on Market

About This Home

As of May 2023

Investors, here is your opportunity to put your money into a cash-flowing asset near downtown Wooster. This multi-family property is fully occupied and has a gross monthly rent of $1,875. Tenants pay all utilities- including electricity, gas, water, sewer, and trash. Tenants also take care of snow removal while the landlord provides lawncare and landscaping services. The landlord also provides a range stove and refrigerator in each unit. Unit 247 on W Larwill St is a 2-bedroom 1.5-bathroom unit and rents for $825 a month. The lease expires 12/31/2023. Unit 305 is a 2-bed 1-bath and now rents for $600 a month (due to a recent increase from $490) and the tenant is on a plan with the Wayne Metropolitan Housing Authority. This lease expires on 10/31/2023. Finally, unit 315 above the 3-car detached garage is a 2 bed 1 bath and rents for $450 a month and the tenant is month to month and has lived there for 11 years. Each tenant has their own garage bay. Hot water heater in unit 315 is new as of 2022.

Last Agent to Sell the Property

Kobe Shetler

Kaufman Realty & Auction, LLC. License #2020007307 Listed on: 03/16/2023

Co-Listed By

Aaron Miller

Kaufman Realty & Auction, LLC License #2017004863

Last Buyer's Agent

Aaron Miller

Kaufman Realty & Auction, LLC License #2017004863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,732

Year Built

  • Built in 1900

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Metal Roof

Interior Spaces

  • 3,318 Sq Ft Home
  • 2-Story Property
  • Range
  • Laundry in unit
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Buildings
  • 3 Units
  • Saybolts Add Community

Listing and Financial Details

  • Tenant pays for electric, gas, sewer, trash collection, water
  • Assessor Parcel Number 64-01460-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,732

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 52.74
  • Estimated Price per Sq Ft: 52.74
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3318
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Detail: Unfinished
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 3318.00
  • Sq Ft Approx Total Finished: 3318.00

Exterior Features

  • Exterior: Wood
  • Roof: Metal

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 3

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Saybolts Add

Schools

  • School District: Wooster City
  • School District: Wooster City

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1377
  • Parcel Number: 64-01460-000

Rental Info

  • Tenant Pays: Electric, Gas, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 3
  • Gross Income: 1875.00
  • Num Of Buildings: 2
  • Number of Units: 3
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Apr 24, 2023
Sold by
Shelar Properties Iii Llc
Bought by
Blue Sky Acres Llc
Seller's Agent
Kobe Shetler
Kaufman Realty & Auction, LLC.
Buyer's Agent
Aaron Miller
Kaufman Realty & Auction, LLC
List Price
$215,000
Sold Price
$175,000
Premium/Discount to List
-$40,000
-18.6%
Views
230
Current Estimated Value
$218,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,420
Avg. Annual Appreciation
9.31%

Purchase Details

Closed on
Feb 5, 2015
Sold by
Metsker David A and Metsker Eunice Anne
Bought by
Shelar Properties Iii Llc

Purchase Details

Closed on
Jan 22, 2015
Sold by
Davis James W
Bought by
Metsker David A

Purchase Details

Closed on
Sep 30, 2005
Sold by
Davis Shawny G and Kaufman Shawny G
Bought by
Davis James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,800
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 30, 2003
Sold by
Eriksen Keith A and Eriksen Victoria D
Bought by
Davis James W and Davis Shawny G

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
5.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 1992
Sold by
Schrock Dean R and Schrock Marvel J
Bought by
Eriksen Keith A and Eriksen Victori
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
Blue Sky Acres Llc $175,000 None Listed On Document
Blue Sky Acres Llc $175,000 None Listed On Document
Shelar Properties Iii Llc $92,000 Attorney
Metsker David A $90,000 Attorney
Davis James W -- Wayne County Title Agency
Davis James W $90,000 --
Eriksen Keith A $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis James W $81,800
Previous Owner Davis James W $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $175,000 -7.8% $53 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
04/04/2023 04/04/23 Price Changed $189,900 -5.0% $57 / Sq Ft
03/27/2023 03/27/23 Price Changed $199,900 -7.0% $60 / Sq Ft
03/16/2023 03/16/23 For Sale $215,000 -- $65 / Sq Ft
Source: MLS Now

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 $2,877 $67,740 $9,780 $57,960
2023 $2,877 $67,740 $9,780 $57,960
2022 $2,738 $51,320 $7,410 $43,910
2021 $2,823 $51,320 $7,410 $43,910
2020 $2,679 $51,320 $7,410 $43,910
2019 $1,699 $31,170 $7,360 $23,810
2018 $1,704 $31,170 $7,360 $23,810
2017 $1,718 $31,170 $7,360 $23,810
2016 $1,773 $29,970 $7,080 $22,890
2015 $1,741 $29,970 $7,080 $22,890
2014 $1,843 $29,970 $7,080 $22,890
2013 $1,887 $32,090 $7,110 $24,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4444440

MLS Now

APN: 64-01460-000