NOT LISTED FOR SALE

397 S Chase Ave Unit A & B Columbus, OH 43204

Westgate Neighborhood

Estimated Value: $194,000 - $290,606

4 Beds
2 Baths
2,020 Sq Ft
$115/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $161,000 $80 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,539/month

12 Days on Market

About This Home

As of March 2022

In receipt of multiple offers. Highest & best by 8:00 PM 2/22/2022. Great investment property, clean, well maintained and fully occupied, 2 bedroom units with basements., over 1000 sq. ft per unit. Tenants pay gas and electric, owner pays water, sewer & trash (city trash services). Unit A rents $625. a month, lease until Feb. 28, 2023. Unit B (upstairs) is on month to month, pays $600. a month. Leases automatically transfer to month to month after one year.. New flooring and fresh paint in Unit A as well as newer appliances, new flooring in entry. Glass block windows in basement, washer / dryer hook ups. (One set of washer & dryer included) Off street parking in back with privacy fencing. Section 8 approved! Furnaces new in 2016, Roof in 2014
PLEASE DO NOT DISTURB TENANTS
See A2A remark

Last Agent to Sell the Property

Susan Blaies

Howard Hanna Real Estate Svcs License #321976 Listed on: 02/19/2022

Howard Hanna Real Estate Svcs

Last Buyer's Agent

Blake Park

Reafco License #2020007667

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,586

Year Built

  • Built in 1948

Lot Details

  • 5,663

Home Design

  • 2,020 Sq Ft Home
  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Off-Street Parking: 1

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Washer and Dryer Hookup
  • 5,663 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 010-064160

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,746
  • Gross Income $14,700
  • Net Operating Income $10,954

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,586

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1948
  • Tax Year: 2021
  • Lot Size Acres: 0.13
  • Total Gross Income: 14700.0
  • Co List Office Phone: 614-875-7400
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 71.73
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 14700.0
  • Annual Expenses: 3746.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2020.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes
  • Construction:Aluminum: Yes

Garage/Parking

  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-064160
  • Lot Size Sq Ft: 5662.8
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 10954.0
  • Annual Operating Expense: 3746.0

Tax Info

  • Tax Annual Amount: 1586.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2022
Closed on
Mar 9, 2022
Sold by
Richey Arthur W and Richey Martina E
Bought by
Smith Kathleen A and Smith James W
Seller's Agent
Susan Blaies
Howard Hanna Real Estate Svcs
Buyer's Agent
Blake Park
Reafco
List Price
$144,900
Sold Price
$161,000
Premium/Discount to List
$16,100
11.11%
Current Estimated Value
$231,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,902
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Apr 2, 2019
Sold by
Mullen Yvonne E and Mullen Thomas J
Bought by
Richey Arthur W and Richey Martina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,425
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2010
Sold by
Mullen Thomas J
Bought by
Mullen Yvonne E

Purchase Details

Closed on
Nov 4, 2010
Sold by
The Bank Of New York Mellon
Bought by
Mullen Thomas J

Purchase Details

Closed on
Sep 2, 2010
Sold by
Hartgrove Raleigh and Case #08Cve 08 11033
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Feb 7, 2006
Sold by
Spangler Connie S
Bought by
Hartgrove Raleigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 29, 2001
Sold by
Erwin William H and Estate Of Robert J Semons Iii
Bought by
Spangler Connie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.02%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Hanneman Regina B
Bought by
Semons Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,110
Interest Rate
6.89%

Purchase Details

Closed on
Jan 13, 1993
Bought by
Hanneman Regina B Afdt

Purchase Details

Closed on
Nov 6, 1989

Purchase Details

Closed on
Dec 1, 1983
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
Smith Kathleen A $161,000 First Ohio Title
Richey Arthur W $89,900 First Ohio Title Insurance
Mullen Yvonne E -- None Available
Mullen Thomas J $18,000 Attorney
The Bank Of New York Mellon $40,000 None Available
Hartgrove Raleigh $83,000 Vta Title A
Spangler Connie S $68,680 Warranty Title
Spangler Connie S $68,700 Warranty Title
Semons Robert J $57,900 Chicago Title
Hanneman Regina B Afdt -- --
-- -- --
-- $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richey Arthur W $67,425
Previous Owner Hartgrove Raleigh $83,000
Previous Owner Spangler Connie S $72,000
Previous Owner Spangler Connie S $68,680
Previous Owner Semons Robert J $52,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $161,000 +11.1% $80 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $144,900 -- $72 / 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 $3,779 $82,460 $22,610 $59,850
2023 $3,732 $82,460 $22,610 $59,850
2022 $1,583 $29,790 $7,770 $22,020
2021 $1,586 $29,790 $7,770 $22,020
2020 $1,588 $29,790 $7,770 $22,020
2019 $1,944 $31,260 $6,480 $24,780
2018 $1,488 $31,260 $6,480 $24,780
2017 $1,943 $31,260 $6,480 $24,780
2016 $1,137 $16,730 $7,000 $9,730
2015 $1,035 $16,730 $7,000 $9,730
2014 $1,037 $16,730 $7,000 $9,730
2013 $512 $16,730 $7,000 $9,730
Source: Public Records

Agents Affiliated with this Home

  • Susan Blaies

    Seller's Agent in 2022

    Susan Blaies

    Howard Hanna Real Estate Svcs

    (614) 832-0147

    5 in this area

    132 Total Sales

    Susan Blaies
    Section Image

  • B

    Buyer's Agent in 2022

    Blake Park

    Reafco

    (614) 769-1555

    1 in this area

    73 Total Sales

    Blake Park
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222004741

Columbus and Central Ohio Regional MLS

APN: 010-064160

Ohio Franklin County Columbus 43204 Westgate

397 S Chase Ave Unit A & B, Columbus, OH

Not Listed for Sale

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