NOT LISTED FOR SALE

3873 Millstone Rd Unit 875 Columbus, OH 43207

Obetz-Lockbourne Neighborhood

Estimated Value: $262,000 - $285,670

4 Beds
2 Baths
1,920 Sq Ft
$143/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $332,000 $173 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,764/month

16 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Garage
  • 3-minute walk to Williams Creek Park

About This Home

As of September 2016

Property offers investors the opportunity to purchase these three properties with 6 units that can generate a 10% cash on cash return!

Last Agent to Sell the Property

Patrick Reed

Reed Real Estate Partners, LLC License #2009003482 Listed on: 06/23/2016

Co-Listed By

Sean Reed

Reed Real Estate Partners, LLC License #2010000216

Last Buyer's Agent

Joe Armeni

City Center, Realtors

City Center, Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1987

Lot Details

  • 10,454

Parking

  • Garage

Home Design

  • 1,920 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 10,454 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 530-205911

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • Operating Expense $21,293
  • Gross Income $46,800
  • Net Operating Income $25,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,550

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1987
  • Tax Year: 2015
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.24
  • Total Gross Income: 46800.0
  • Co List Office Mls Id: 10142
  • Co List Office Phone: 614-755-6551
  • Co List Office Phone: 614-755-6551
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 195.78
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 46800.0
  • Annual Expenses: 21293.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 1920.0
  • General Property Info # of Buildings: 3.0
  • Miscellaneous WD Hookups: Yes
  • Miscellaneous Garages: 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

  • Parking Features 2 Car Garage2: Yes

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: GROVEPORT MADISON LSD 2507 FRA CO.

Lot Info

  • Parcel Number: 530-205911
  • Lot Size Sq Ft: 10454.4
  • Additional Parcels Description: 530-205910-00 530-205909-00

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 25359.0
  • Annual Operating Expense: 21293.0

Tax Info

  • Tax Annual Amount: 2550.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2024
Sold by
Abdellah Bahij and Abdellah Natalie Dennison
Bought by
Millstone Road 3873 Llc
Current Estimated Value
$275,168

Purchase Details

Closed on
Feb 26, 2010
Sold by
First Community Bank
Bought by
Wenger Ted M and Wenger Deanna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,625
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2010
Sold by
Ranft Realty Holding Co Ltd
Bought by
First Community Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,625
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 1991
Bought by
Ranft John M and Ranft Joanne H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Millstone Road 3873 Llc -- None Listed On Document
Wenger Ted M $287,500 Amerititle
First Community Bank $230,000 Attorney
Ranft John M $246,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wenger Ted M $215,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2016 09/02/16 Sold $332,000 -11.7% $173 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $375,900 -- $196 / 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 $3,801 $87,570 $19,250 $68,320
2023 $3,765 $87,570 $19,250 $68,320
2022 $1,476 $28,560 $7,840 $20,720
2021 $1,481 $28,560 $7,840 $20,720
2020 $1,483 $28,560 $7,840 $20,720
2019 $1,442 $24,820 $6,790 $18,030
2018 $2,001 $24,820 $6,790 $18,030
2017 $1,990 $24,820 $6,790 $18,030
2016 $2,524 $37,880 $7,040 $30,840
2015 $2,550 $37,880 $7,040 $30,840
2014 $2,485 $37,880 $7,040 $30,840
2013 $1,145 $39,865 $7,420 $32,445
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patrick Reed

    Reed Real Estate Partners, LLC

    (614) 570-2238

    1 Total Sale

    Patrick Reed
    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sean Reed

    Reed Real Estate Partners, LLC

    (614) 570-2238

    3 Total Sales

    Sean Reed
    Section Image

  • J

    Buyer's Agent in 2016

    Joe Armeni

    RE/MAX

    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 216022604

Columbus and Central Ohio Regional MLS

APN: 530-205911

Ohio Franklin County Columbus 43207 Obetz-Lockbourne

3873 Millstone Rd Unit 875, Columbus, OH

Not Listed for Sale

MultiFamily

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