NOT LISTED FOR SALE

Estimated Value: $439,000 - $554,000

4 Beds
2 Baths
2,986 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 23, 2017

Last sale price $460,000 $154 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,940/month

70 Days on Market

About This Home

As of August 2017

OSU off-campus student housing investment. The property is a large 9 BD / 3 BA single family home. The house has an updated kitchen with two refrigerators and two dishwashers, hardwood in living areas and carpet in bedrooms, central A/C, electronic locks and huge front porch. The property is 100% pre-leased for 2017-18 academic year at $4,500. Tenants pay all utilities. Can be purchased individually or part of a 6 property campus portfolio that includes 299 E. 15th, 1608 Summit and 1662 Summit.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 07/14/2017

Last Buyer's Agent

Jill Beckett-Hill

Realty Executives Decision

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,709

Year Built

  • Built in 1900

Lot Details

  • 8,276

Parking

  • Off-Street Parking: 1

Home Design

  • 2,986 Sq Ft Home
  • Brick Exterior Construction

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 8,276 Sq Ft Lot
  • Basement

Community Details

  • Operating Expense $13,524
  • Gross Income $54,000
  • Net Operating Income $40,476

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-027735

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,709

Year Built

Built in 1900

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2016
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.19
  • Total Gross Income: 54000.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 162.42
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 54000.0
  • Annual Expenses: 13524.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2986.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Trash2: 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:Brick2: Yes

Garage/Parking

  • 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: 010-027735
  • Lot Size Sq Ft: 8276.4
  • Additional Parcels: No

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Monthly Rent (Other): 4500.0
  • Number Of Units Total: 1
  • Net Operating Income: 40476.0
  • Annual Operating Expense: 13524.0

Tax Info

  • Tax Annual Amount: 4709.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Aug 23, 2017
Sold by
Grim Brian R
Bought by
Trp Rental Properties Llc
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Jill Beckett-Hill
Realty Executives Decision
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%
Current Estimated Value
$488,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,939
Avg. Annual Appreciation
0.72%

Purchase Details

Closed on
Jan 8, 2014
Sold by
Vaughn Glen E
Bought by
Grim Brian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2002
Sold by
Durango Holdings Llc
Bought by
Grim Brian R and Vaughn Glen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 1998
Sold by
Valentine Bruce R
Bought by
Durango Holdings Llc

Purchase Details

Closed on
Oct 15, 1993

Purchase Details

Closed on
Sep 11, 1991
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
Trp Rental Properties Llc -- Hummel Title Box
Grim Brian R $122,000 None Available
Grim Brian R $195,000 --
Durango Holdings Llc -- --
-- $84,000 --
-- $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grim Brian R $183,000
Previous Owner Grim Brian R $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2017 08/23/17 Sold $460,000 -5.2% $154 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $485,000 -- $162 / Sq Ft
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 $5,149 $112,350 $46,060 $66,290
2024 $5,149 $112,350 $46,060 $66,290
2023 $5,084 $112,350 $46,060 $66,290
2022 $4,186 $78,760 $28,950 $49,810
2021 $4,193 $78,760 $28,950 $49,810
2020 $4,199 $78,760 $28,950 $49,810
2019 $3,918 $63,010 $23,140 $39,870
2018 $4,099 $63,010 $23,140 $39,870
2017 $3,917 $63,010 $23,140 $39,870
2016 $4,709 $69,310 $15,930 $53,380
2015 $4,287 $69,310 $15,930 $53,380
2014 $4,297 $69,310 $15,930 $53,380
2013 $1,927 $63,000 $14,490 $48,510
Source: Public Records

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217020813

Columbus and Central Ohio Regional MLS

APN: 010-027735

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