NOT LISTED FOR SALE

3622 Sunrise Lake Cir Unit 3622 Columbus, OH 43219

Somerset Neighborhood

Estimated Value: $95,357 - $415,000

1 Bed
1 Bath
678 Sq Ft
$315/Sq Ft Est. Value

Last Sold February 18, 2015

Last sale price $192,000 $283 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,203/month

357 Days on Market

About This Home

As of February 2015

10% CAP RATE

This area is now getting a lot of development attention because it is located off Stelzer 1 mile south of Morse in corridor between Easton and airport. Thus, this complex has a strong future.

Easy to buy & manage. Perfect for 1st timer or self-manager.

4 1BR units,3622, 3624, 3632,3634 Sunrise Lake Cir.

Rents are presently below market. At mkt. rent of $575/mo., CAP rate is 10%. Currently all occupied.

Condo fee pays for everything -- pools, other facilities, all outside mtc., grass, snow & trash.

Self-managed past 5 years. On-site mgt. by Bray Co. is available.

Gated community, large green areas, ponds, AC, electric heat, clubhouse, 2 pools, w/d hook-ups. Tenant pays utilities.

Last Agent to Sell the Property

V. Edgar Churchill

CR Inactive Office Listed on: 02/20/2014

Co-Listed By

Dustin Braun

Alt Company, Realtors

Last Buyer's Agent

Brian Yeager

Champion Asset Advisors, LLC License #2008003463

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $961

Year Built

  • Built in 2002

Lot Details

  • 915

Home Design

  • Frame Construction

Laundry

  • Washer and Dryer Hookup

Parking

  • 4 Parking Spaces
  • Off-Street Parking: 1

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 265235-00

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $9,698
  • Gross Income $26,220
  • Net Operating Income $16,522

Property Details

Home Type

Apartment

Est. Annual Taxes

$961

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 2002
  • Tax Year: 2013
  • Property Sub-Type: Apartment
  • Total Gross Income: 26220.0
  • Co List Office Mls Id: 01180
  • Co List Office Phone: 614-268-5080
  • Co List Office Phone: 614-268-5080
  • MLS Status: Closed
  • Subdivision Name: Albany Club Condominiums
  • Income Expenses Gross Income: 26220.0
  • Annual Expenses: 9698.0
  • Services Available Storm Sewer: Yes
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 111.5

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 265235-00
  • Additional Parcels Description: 265235-00 265236-00 265239-00 265240-00
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 16522.0
  • Annual Operating Expense: 9698.0

Tax Info

  • Tax Annual Amount: 961.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2014
Closed on
Jan 9, 2015
Sold by
Neely Scott H and Neely Patricia J
Bought by
Easton Village Apartments Llc
Seller's Agent
V. Edgar Churchill
CR Inactive Office
Buyer's Agent
Brian Yeager
Champion Asset Advisors, LLC
List Price
$169,000
Sold Price
$192,000
Premium/Discount to List
$23,000
13.61%
Current Estimated Value
$213,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,339
Avg. Annual Appreciation
1.00%

Purchase Details

Closed on
Jun 12, 2008
Sold by
Mahaney Steven L and Mahaney Cynthia L
Bought by
Neely Scott H and Neely Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2003
Sold by
Triangle Properties Inc
Bought by
Mahaney Steven L and Mahaney Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Easton Village Apartments Llc $179,500 Stewart Title
Neely Scott H $168,000 Title First
Mahaney Steven L $275,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neely Scott H $142,000
Previous Owner Mahaney Steven L $157,000
Closed Mahaney Steven L $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2015 02/18/15 Sold $192,000 +13.6% $283 / Sq Ft
01/19/2015 01/19/15 Pending -- -- --
02/19/2014 02/19/14 For Sale $169,000 -- $249 / 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 $858 $18,730 $5,250 $13,480
2023 $848 $18,725 $5,250 $13,475
2022 $999 $18,800 $4,830 $13,970
2021 $1,151 $18,800 $4,830 $13,970
2020 $1,002 $18,800 $4,830 $13,970
2019 $976 $15,690 $4,030 $11,660
2018 $949 $15,690 $4,030 $11,660
2017 $1,125 $15,690 $4,030 $11,660
2016 $1,152 $16,950 $2,070 $14,880
2015 $925 $14,950 $2,070 $12,880
2014 $927 $14,950 $2,070 $12,880
2013 $481 $15,715 $2,170 $13,545
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2015

    V. Edgar Churchill

    CR Inactive Office

  • D

    Seller Co-Listing Agent in 2015

    Dustin Braun

    Alt Company, Realtors

  • Brian Yeager

    Buyer's Agent in 2015

    Brian Yeager

    Champion Asset Advisors, LLC

    (614) 499-5105

    Brian Yeager
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 214011784

Columbus and Central Ohio Regional MLS

APN: 010-265235

Ohio Franklin County Columbus 43219 Somerset

3622 Sunrise Lake Cir Unit 3622, Columbus, OH

This home is located at 3622 Sunrise Lake Cir Unit 3622, Columbus, OH 43219 since 20 February 2014 and is currently estimated at $213,339, approximately $314 per square foot. This property was built in 2002. 3622 Sunrise Lake Cir Unit 3622 is a home located in Franklin County with nearby schools including Cassady Elementary School, Mifflin Middle School, and Mifflin High School.

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