NOT LISTED FOR SALE

402 S Defiance St Archbold, OH 43502

Estimated Value: $67,000 - $183,000

6 Beds
3 Baths
3,902 Sq Ft
$34/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $50,000 $13 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $993/month

8 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Rectangular Lot
  • Archbold Elementary School Rated A
  • Private Entrance
  • 4-minute walk to Archbold Memorial Park

About This Home

As of November 2020

Awesome opportunity to own a fully occupied investment property. This Triplex has great rental income at $1370/mo. Prime location in downtown Archbold. Driveway connects to 404 S Defiance St duplex which is also for sale.

Last Agent to Sell the Property

Stacy Lillard

Elias H. Frey & Sons, Inc. License #2018005874 Listed on: 09/17/2020

Last Buyer's Agent

Stacy Lillard

Elias H. Frey & Sons, Inc. License #2018005874 Listed on: 09/17/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,127

Year Built

  • Built in 1884

Lot Details

  • 8,712 Sq Ft Lot
  • Private Entrance
  • Rectangular Lot

Home Design

  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 3,902 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Alley Access
  • Driveway
  • Parking Lot

Schools

  • Archbold Elementary School
  • Archbold High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • The owner pays for taxes
  • Assessor Parcel Number 17-031708-00.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,127

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1884
  • Lot Size Acres: 0.2
  • Lot Size: 8,712
  • Inclusions: ,,
  • Subdivision Name: None
  • Unit Levels: Two
  • Structure Type: Apartment
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour

Interior Features

  • Stories: 2
  • Flooring: Wood
  • Number Of Buildings: 1
  • Owner Pays: Taxes
  • Has Basement: Full
  • Basement YN: Yes
  • Interior Amenities: Common Entry
  • Living Area: 3902.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Slate
  • Lot Features: Rectangular Lot
  • Disclosures: Lead Based Paint Disclosure, Seller Disclosure
  • Construction Type: Brick
  • Exterior Features: Private Entrance
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Alley Access, Driveway, Gravel, Parking Lot
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Hot Water, Natural Gas
  • Sewer: Sanitary
  • Appliances: Gas Water Heater
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Archbold

Lot Info

  • Parcel #: 17-031708-00.000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 1370.0

MLS Schools

  • Elementary School: Archbold
  • HighSchool: Archbold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 6, 2020
Sold by
Beck James E and Beck Charlene A
Bought by
Grant Levi S and Grant Steven E
Seller's Agent
Stacy Lillard
Elias H. Frey & Sons, Inc.
Buyer's Agent
Stacy Lillard
Elias H. Frey & Sons, Inc.
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%
Current Estimated Value
$134,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,333
Avg. Annual Appreciation
22.21%
Original Mortgage
$37,500
Outstanding Balance
$33,803
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$96,864

Purchase Details

Listed on
Sep 17, 2020
Closed on
Oct 15, 2020
Sold by
Archbold Mutual Investors
Bought by
James E Beck
Seller's Agent
Stacy Lillard
Elias H. Frey & Sons, Inc.
Buyer's Agent
Stacy Lillard
Elias H. Frey & Sons, Inc.
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Outstanding Balance
$33,803
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$96,864

Purchase Details

Closed on
Jul 13, 2007
Sold by
Beck James E and Beck Charlene
Bought by
Archbold Mutual Investors

Purchase Details

Closed on
Feb 25, 2007
Sold by
Archbold Mutual Investors
Bought by
Beck James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 1, 1990
Bought by
Archbold Mutual Investors
Source: Public Records

Range of Values:

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Average Value
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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
Grant Levi S $50,000 None Available
James E Beck -- --
Archbold Mutual Investors -- Attorney
Beck James E -- None Available
Archbold Mutual Investors -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Levi S $37,500
Closed James E Beck --
Previous Owner Beck James E $57,000
Previous Owner Archbold Mutual Investors $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $50,000 -28.5% $13 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $69,900 -- $18 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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 $3,127 $59,470 $8,440 $51,030
2023 $3,127 $59,470 $8,440 $51,030
2022 $2,234 $44,840 $7,040 $37,800
2021 $2,237 $44,840 $7,040 $37,800
2020 $2,229 $44,840 $7,040 $37,800
2019 $2,231 $42,810 $7,040 $35,770
2018 $1,974 $42,810 $7,040 $35,770
2017 $1,917 $42,810 $7,040 $35,770
2016 $1,898 $38,160 $7,040 $31,120
2015 $1,669 $38,160 $7,040 $31,120
2014 $1,752 $38,160 $7,040 $31,120
2013 $1,395 $30,420 $6,760 $23,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6059917

Northwest Ohio Real Estate Information Service (NORIS)

APN: 17-031708-00.000