NOT LISTED FOR SALE

306 E 16th Ave Unit 308 Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated Value: $482,000 - $530,000

7 Beds
3 Baths
2,687 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 03, 2019

Last sale price $335,000 $125 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,286/month

137 Days on Market

About This Home

As of April 2019

HUGE 2687 Sq. Ft 2 unit w/ one 5 BR unit & one 2BR unit! Rents are $830 & $2,000, leases run until 7/31/19. Many updates including REPLACEMENT WINDOWS, Central air & updated Kitchens w/ appliances! Plenty of off-street parking for 8 cars! This University area 2 unit is near OSU & has easy access to the COTA & CABS bus line. Expenses for 2017 attached under documents. In 2017 this building had 2 new appliances, new 2nd-floor shower(306), & new bath floor (308) over $8,300 of improvements (material & labor). Please drive by first before requesting a viewing. Great opportunity for long-term investor, or home & income for a first-time buyer. This property qualifies for the OSU down payment assistance program for OSU staff/Faculty who will take occupancy of one of the units

Last Agent to Sell the Property

Joseph C Jackson

Keller Williams Capital Ptnrs License #2014000204 Listed on: 09/21/2018

Keller Williams Capital Ptnrs

Last Buyer's Agent

Theresa McCloskey

Howard Hanna Lenker Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,889

Year Built

  • Built in 1909

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • 2,687 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Frame Construction

Parking

  • 8 Parking Spaces
  • On-Street Parking
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-047037

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,151
  • Maintenance Expense $7,950
  • Operating Expense $14,576
  • Gross Income $33,960
  • Net Operating Income $19,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,889

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1909
  • Tax Year: 2018
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.14
  • Total Gross Income: 33960.0
  • Co List Office Phone: 614-888-1000
  • MLS Status: Closed
  • Subdivision Name: University District
  • Income Expenses Gross Income: 33960.0
  • Annual Expenses: 14576.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2687.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • 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:Frame: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-047037
  • Lot Size Sq Ft: 6098.4
  • Additional Parcels: No
  • Zoning Description: AR-4

Multi Family

  • Monthly Rent (Other): 2000.0
  • Number Of Units Total: 2
  • Insurance Expense: 1151.0
  • Maintenance Expense: 7950.0
  • Net Operating Income: 19384.0
  • Annual Operating Expense: 14576.0

Tax Info

  • Tax Annual Amount: 4889.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2023
Sold by
Taj Management Llc
Bought by
Robinson Anne and Robinson Elizabeth Marie
Current Estimated Value
$512,445

Purchase Details

Closed on
Jul 16, 2019
Sold by
Robinson Anne and Robinson Elizabeth Marie
Bought by
Taj Management Llc

Purchase Details

Listed on
Sep 21, 2018
Closed on
Mar 22, 2019
Sold by
Schultz Susan D
Bought by
Robinson Anne and Robinson Elizabeth Marie
Seller's Agent
Joseph C Jackson
Keller Williams Capital Ptnrs
Buyer's Agent
Theresa McCloskey
Howard Hanna Lenker Group
List Price
$380,000
Sold Price
$335,000
Premium/Discount to List
-$45,000
-11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$319,600
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2001
Sold by
Resatka Richard R and Richard R Resatka Trust
Bought by
Schultz Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.06%

Purchase Details

Closed on
Jun 19, 2000
Sold by
Resatka Richard R
Bought by
Resatka Richard R and Richard R Resatka Trust

Purchase Details

Closed on
Jul 28, 1998
Sold by
Samson H Paine Gregory and Bromberg Dana L Pre
Bought by
Resatka Richard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,900
Interest Rate
7.03%

Purchase Details

Closed on
Oct 11, 1994
Sold by
Sinha Devendra P
Bought by
Gregory Paine and Dana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
8.64%
Mortgage Type
New Conventional
Source: Public Records

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
Robinson Anne -- Mortgage Connect
Taj Management Llc -- None Available
Robinson Anne $335,000 Northwest Title
Schultz Susan D $135,000 Title First Agency Inc
Resatka Richard R -- --
Resatka Richard R $118,900 --
Gregory Paine $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robinson Anne $319,600
Previous Owner Schultz Susan D $121,500
Previous Owner Resatka Richard R $106,900
Previous Owner Gregory Paine $54,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2019 04/03/19 Sold $335,000 -1.5% $125 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
01/31/2019 01/31/19 Price Changed $340,000 -10.5% $127 / Sq Ft
09/21/2018 09/21/18 For Sale $380,000 -- $141 / 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 $7,024 $154,880 $39,900 $114,980
2023 $7,009 $154,880 $39,900 $114,980
2022 $5,697 $107,210 $31,500 $75,710
2021 $5,708 $107,210 $31,500 $75,710
2020 $5,647 $107,210 $31,500 $75,710
2019 $4,897 $78,750 $25,200 $53,550
2018 $4,587 $78,750 $25,200 $53,550
2017 $4,802 $78,750 $25,200 $53,550
2016 $4,708 $69,300 $16,170 $53,130
2015 $4,286 $69,300 $16,170 $53,130
2014 $4,297 $69,300 $16,170 $53,130
2013 $1,927 $63,000 $14,700 $48,300
Source: Public Records

Agents Affiliated with this Home

  • Joseph C Jackson

    Seller's Agent in 2019

    Joseph C Jackson

    Keller Williams Capital Ptnrs

    (614) 888-1000

    4 in this area

    187 Total Sales

    Joseph C Jackson
    Section Image

  • T

    Buyer's Agent in 2019

    Theresa McCloskey

    Howard Hanna Lenker Group

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218035800

Columbus and Central Ohio Regional MLS

APN: 010-047037

Ohio Franklin County Columbus 43201 Indianola Terrace

306 E 16th Ave Unit 308, Columbus, OH

Not Listed for Sale

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