$320,000
SOLD DEC 27, 2019

400 E 16th Ave Unit 402 Columbus, OH 43201

Indianola Terrace Neighborhood
-- Bed
-- Bath
3,008 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

4% Below List Price

4 Days on Market

About This Home

As of February 2022

8 Bedroom duplex in the University District (4 bed/side). Updated electric, plumbing, hvac. Stainless steel appliances.2nd floor Laundry. Newer vinyl windows, vinyl siding. Slate roof has been recently maintenanced.Vacant.

Perfect for an owner occupant.. Historic rents $430/bedroom. Turn-key rental or upgrade kitchen and bathrooms for $500+ bed.
Off-street parking for up to 8 cars.

Last Agent to Sell the Property

Alexander Medvec

Red 1 Realty Listed on: 12/17/2019

Last Buyer's Agent

Remington Lyman

Reafco License #2022001862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,039

Year Built

  • Built in 1900

Home Design

  • 3,008 Sq Ft Home
  • Duplex
  • Vinyl Siding

Additional Features

  • 4,792 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 010-001881

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,200
  • Gross Income $42,240
  • Net Operating Income $36,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,039

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2019
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.11
  • Total Gross Income: 42240.0
  • Co List Office Phone: 614-585-9020
  • MLS Status: Closed
  • Income Expenses Gross Income: 42240.0
  • Annual Expenses: 6200.0
  • General Property Info Building Sq Ft: 3008.0
  • Air Conditioning Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-001881
  • Lot Size Sq Ft: 4791.6

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 36040.0
  • Annual Operating Expense: 6200.0

Tax Info

  • Tax Annual Amount: 5039.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Jan 19, 2022
Sold by
Valden Ellis
Bought by
Aulacio Jairo
Seller's Agent
Remington Lyman
Reafco
Buyer's Agent
Austin Steed
Lim Realty Group
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Current Estimated Value
$477,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,089
Avg. Annual Appreciation
5.09%
Original Mortgage
$40,900
Outstanding Balance
$38,464
Interest Rate
3.69%
Mortgage Type
Credit Line Revolving
Estimated Equity
$452,744

Purchase Details

Listed on
Dec 17, 2019
Closed on
Dec 27, 2019
Sold by
University District Properties Llc
Bought by
Ellis Valden
Seller's Agent
Alexander Medvec
Red 1 Realty
Buyer's Agent
Remington Lyman
Reafco
List Price
$335,000
Sold Price
$320,000
Premium/Discount to List
-$15,000
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.40%

Purchase Details

Closed on
May 6, 2019
Sold by
Medvec Michael T
Bought by
University District Properties Llc

Purchase Details

Closed on
Apr 26, 2016
Sold by
University District Properties Llc
Bought by
Medvec Michael T

Purchase Details

Closed on
Feb 24, 2015
Sold by
Medvec Michael T
Bought by
University District Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2014
Sold by
University District Properties Llc
Bought by
Medvec Michael T

Purchase Details

Closed on
Nov 18, 2013
Sold by
Schirtzinger Edward D and Schirtzinger Diane C
Bought by
University District Properties Llc

Purchase Details

Closed on
Nov 1, 1983
Bought by
Schirtzinger Edward D

Purchase Details

Closed on
Sep 1, 1978
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 Type Sale Price Title Company
Warranty Deed $410,000 Access Title Agency
Warranty Deed $320,000 Stewart Title Box
Quit Claim Deed -- Expedient Title
Quit Claim Deed -- Expedient Title
Quit Claim Deed -- Exepedient Title Ltd
Warranty Deed -- None Available
Warranty Deed $50,000 Expedient Title Ltd
Deed $30,500 --
Deed $26,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $328,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2022 02/06/22 Sold $410,000 -2.4% $136 / Sq Ft
11/29/2021 11/29/21 For Sale $420,000 +31.3% $140 / Sq Ft
12/27/2019 12/27/19 Sold $320,000 -4.5% $106 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
12/16/2019 12/16/19 For Sale $335,000 -- $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 $6,576 $143,500 $37,170 $106,330
2023 $7,705 $166,950 $37,170 $129,780
2022 $5,991 $112,010 $20,130 $91,880
2021 $6,298 $112,010 $20,130 $91,880
2020 $5,264 $98,460 $20,130 $78,330
2019 $4,897 $78,750 $16,100 $62,650
2018 $5,559 $78,750 $16,100 $62,650
2017 $5,812 $78,750 $16,100 $62,650
2016 $6,678 $98,290 $5,920 $92,370
2015 $6,079 $98,290 $5,920 $92,370
2014 $1,038 $16,740 $5,920 $10,820
2013 $539 $15,225 $5,390 $9,835
Source: Public Records

Agents Affiliated with this Home

  • Remington Lyman

    Seller's Agent in 2022

    Remington Lyman

    Reafco

    (614) 541-8475

    3 in this area

    413 Total Sales

    Remington Lyman
    Section Image
  • Austin Steed

    Buyer's Agent in 2022

    Austin Steed

    Lim Realty Group

    (614) 531-5455

    1 in this area

    74 Total Sales

    Austin Steed
    Section Image

  • A

    Seller's Agent in 2019

    Alexander Medvec

    Red 1 Realty

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219045499

Columbus and Central Ohio Regional MLS

APN: 010-001881

Ohio Franklin County Columbus 43201 Indianola Terrace

400 E 16th Ave Unit 402, Columbus, OH

This home is located at 400 E 16th Ave Unit 402, Columbus, OH 43201 and is currently priced at $320,000, approximately $106 per square foot. This property was built in 1900. 400 E 16th Ave Unit 402 is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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