NOT LISTED FOR SALE

Estimated Value: $338,000 - $390,000

5 Beds
1 Bath
1,841 Sq Ft
$202/Sq Ft Est. Value

Last Sold January 12, 2018

Last sale price $216,051 $117 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,466/month

26 Days on Market

About This Home

As of January 2018

This OSU off-campus student housing investment property contains 5 bedrooms and 1 bathroom in a house with a large floor plan. The house was recently renovated with a new kitchen featuring granite countertops, hardwood floors, central A/C and electronic locks. Tenants enjoy on-site laundry and off-street parking. Tenants pay all utilities. The property is currently 100% occupied for the 2017-18 academic year and pre-leased for 2018-19 at a total annual rent of $27,300.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 11/21/2017

Last Buyer's Agent

Scott Wheeler

Columbus Realty Source, LLC License #2009004554

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,315

Year Built

  • Built in 1910

Lot Details

  • 5,227

Parking

  • Off-Street Parking: 1

Home Design

  • 1,841 Sq Ft Home
  • Vinyl Siding

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 5,227 Sq Ft Lot
  • Basement

Community Details

  • Operating Expense $10,657
  • Gross Income $27,300
  • Net Operating Income $16,643

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-038540

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,315

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2016
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.12
  • Total Gross Income: 27300.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Income Expenses Gross Income: 27300.0
  • Annual Expenses: 10657.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 1841.0
  • 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:Vinyl Siding2: 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: 010-038540
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Monthly Rent (Other): 2275.0
  • Number Of Units Total: 1
  • Net Operating Income: 16643.0
  • Annual Operating Expense: 10657.0

Tax Info

  • Tax Annual Amount: 3315.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2017
Closed on
Dec 28, 2017
Sold by
M B Grim Limited Partnership
Bought by
Mckeeler Investment Llc
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Scott Wheeler
Columbus Realty Source, LLC
List Price
$205,000
Sold Price
$216,051
Premium/Discount to List
$11,051
5.39%
Current Estimated Value
$371,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,049
Avg. Annual Appreciation
7.24%
Original Mortgage
$172,800
Outstanding Balance
$97,154
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$273,946

Purchase Details

Closed on
Nov 19, 2014
Sold by
Grim Brian R
Bought by
M B Grim Lp

Purchase Details

Closed on
Jul 18, 1990
Bought by
Grim Brian R

Purchase Details

Closed on
Jan 1, 1987
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
Mckeeler Investment Llc $216,100 Hummel Title Agency Inc
M B Grim Lp -- None Available
Grim Brian R $69,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeeler Investment Llc $172,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2018 01/12/18 Sold $216,051 +5.4% $117 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
11/10/2017 11/10/17 For Sale $205,000 -- $111 / 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 $5,954 $129,920 $35,630 $94,290
2023 $5,880 $129,920 $35,630 $94,290
2022 $4,650 $87,500 $21,350 $66,150
2021 $4,658 $87,500 $21,350 $66,150
2020 $4,665 $87,500 $21,350 $66,150
2019 $4,353 $70,000 $17,080 $52,920
2018 $2,173 $70,000 $17,080 $52,920
2017 $4,352 $70,000 $17,080 $52,920
2016 $3,315 $48,790 $7,840 $40,950
2015 $1,509 $48,790 $7,840 $40,950
2014 $3,025 $48,790 $7,840 $40,950
2013 $1,357 $44,380 $7,140 $37,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217041646

Columbus and Central Ohio Regional MLS

APN: 010-038540