NOT LISTED FOR SALE

387 E 16th Ave Unit 9 Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated Value: $523,953

8 Beds
4 Baths
3,040 Sq Ft
$172/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $385,000 $127 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,556/month

53 Days on Market

About This Home

As of January 2021

Turnkey OSU duplex (3 bed & 4 bed) with many updates and room for increased cash flow. Future maintenance costs will be lowered with new vinyl siding (2020), new roof (2014), windows (2012), front porches (2014), sidewalks (2012), cosmetic updates, and mechanicals. Ample off street parking (8 spots), walkout basements, stairway to attics, large kitchen and living rooms, and modernized cosmetics make this a very desirable duplex. 3 bed currently leased at $1,350/mo (to returning tenants) and the 4 bed leased at $1,800/mo. Additional bedrooms and/or living area could be added in attic and basements for additional rental income.

Last Listed By

James Kerr

ARX Real Estate License #2014000913 Listed on: 12/12/2020

ARX Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,897

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • 3,040 Sq Ft Home
  • Duplex

Utilities

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

Community Details

  • 2 Units
  • Gross Income $39,000

Listing and Financial Details

  • Assessor Parcel Number 010-035890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,897

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2019
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.11
  • Total Gross Income: 39000.0
  • Co List Office Phone: 614-260-5377
  • MLS Status: Closed
  • Income Expenses Gross Income: 39000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 3040.0
  • General Property Info # of Buildings: 1.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-035890
  • Lot Size Sq Ft: 4791.6

Multi Family

  • Monthly Rent (Other): 1800.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4897.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2020
Closed on
Jan 14, 2021
Sold by
Empire Property Investments Llc
Bought by
C C Property Investment Llc
Seller's Agent
James Kerr
ARX Real Estate
Buyer's Agent
Helen Cao
Red 1 Realty
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%
Total Days on Market
53
Current Estimated Value
$523,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,953
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Aug 29, 2005
Sold by
Robert Robert J J and Robert Linda K
Bought by
Empire Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 1985
Bought by
Robert J Robert

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
C C Property Investment Llc $385,000 Elite Land Title Agency
Empire Property Investments Llc $106,000 --
Robert J Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cc Property Investment Llc $326,200
Previous Owner Empire Property Investments Llc $51,190
Previous Owner Empire Property Investments Llc $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $385,000 -9.4% $127 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
11/23/2020 11/23/20 Price Changed $425,000 -5.6% $140 / Sq Ft
11/15/2020 11/15/20 For Sale $450,000 -- $148 / 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 $7,651 $166,950 $37,170 $129,780
2023 $7,555 $166,950 $37,170 $129,780
2022 $5,837 $109,840 $20,130 $89,710
2021 $5,242 $98,460 $20,130 $78,330
2020 $5,250 $98,460 $20,130 $78,330
2019 $4,897 $78,750 $16,100 $62,650
2018 $5,016 $78,750 $16,100 $62,650
2017 $5,273 $78,750 $16,100 $62,650
2016 $5,650 $83,170 $5,920 $77,250
2015 $5,144 $83,170 $5,920 $77,250
2014 $5,157 $83,170 $5,920 $77,250
2013 $1,124 $36,750 $5,390 $31,360
Source: Public Records

Agents Affiliated with this Home

  • James Kerr

    Seller's Agent in 2021

    James Kerr

    ARX Real Estate

    (614) 260-5377

    1 in this area

    11 Total Sales

    James Kerr
    Section Image
  • Helen Cao

    Buyer's Agent in 2021

    Helen Cao

    Red 1 Realty

    (614) 800-7174

    1 in this area

    20 Total Sales

    Helen Cao
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 220040369

Columbus and Central Ohio Regional MLS

APN: 010-035890

Ohio Franklin County Columbus 43201 Indianola Terrace

387 E 16th Ave Unit 9, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 387 E 16th Ave Unit 9, Columbus, OH 43201 since 12 December 2020 and is currently estimated at $523,953, approximately $172 per square foot. This property was built in 1920. 387 E 16th Ave Unit 9 is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

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