NOT LISTED FOR SALE

404 Kelton Ave Columbus, OH 43205

Franklin Park Neighborhood

Estimated Value: $365,000 - $708,000

3 Beds
3 Baths
1,950 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $651,000 $334 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,201/month

6 Days on Market

About This Home

As of July 2024

Please do not disturb tenants. Fantastic investment opportunity in a rapidly developing downtown Columbus neighborhood. Two buildings individually parceled with 3 two bedrooms units each. Stable units with rents currently from $725-$840 per month. New roofs in 2024. Several updates made in 2017 including all new kitchens, bathroom updates, and flooring. Room for higher rents and upside with some improvements, but very easy to rent in current condition.

Last Agent to Sell the Property

Michael Pakizer

Lotus Advisors License #2014000358 Listed on: 06/27/2024

Last Buyer's Agent

Nancy Baker

Engel & Volkers Real Estate Advisors License #2020007090

Engel & Volkers Real Estate Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1957

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • 1,950 Sq Ft Home

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Private Sewer

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-192527

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $7,038
  • Gross Income $53,214
  • Net Operating Income $46,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1957
  • Tax Year: 2023
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.11
  • Total Gross Income: 53214.0
  • Co List Office Phone: 614-300-7395
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Sewer Private Sewer: Yes
  • Income Expenses Gross Income: 53214.0
  • Annual Expenses: 7038.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1950.0
  • Air Conditioning None3: Yes
  • Owner Pays Trash2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Sewer: Private Sewer, Public Sewer
  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-192527
  • Lot Size Sq Ft: 4791.6

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 46176.0
  • Annual Operating Expense: 7038.0

Tax Info

  • Tax Annual Amount: 2017.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Jul 15, 2024
Sold by
Mlp Investments Llc
Bought by
Woodland Companies Llc
Seller's Agent
Michael Pakizer
Lotus Advisors
Buyer's Agent
Nancy Baker
Engel & Volkers Real Estate Advisors
List Price
$650,000
Sold Price
$651,000
Premium/Discount to List
$1,000
0.15%
Views
6
Current Estimated Value
$571,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,333
Avg. Annual Appreciation
-5.28%
Original Mortgage
$520,800
Outstanding Balance
$514,714
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$96,619

Purchase Details

Closed on
Feb 24, 2022
Sold by
Pakizer Marvin A
Bought by
Mlp Investments Llc

Purchase Details

Closed on
Feb 11, 2022
Sold by
Pakizer Linda M
Bought by
Pakizer Marvin A

Purchase Details

Closed on
Jan 27, 2022
Sold by
Pakizer Marvin A
Bought by
Mlp Investments Llc

Purchase Details

Closed on
Nov 12, 2004
Sold by
Moorer Aggie and Aggie Moorer Revocable Living
Bought by
Kimberly Office Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1995
Sold by
Phillips Sue A
Bought by
Moorer Aggie

Purchase Details

Closed on
Feb 2, 1984
Bought by
Phillips Sue A
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 Buyer Sale Price Title Company
Woodland Companies Llc $651,000 World Class Title
Mlp Investments Llc -- James G Flaherty Co Lpa
Pakizer Marvin A -- James G Flaherty Co Lpa
Mlp Investments Llc -- James G Flaherty Co Lpa
Pakizer Marvin A -- James G Flaherty Co Lpa
Kimberly Office Park Llc $250,000 Stewart Tit
Moorer Aggie $52,000 --
Phillips Sue A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodland Companies Llc $520,800
Previous Owner Kimberly Office Park Llc $825,000
Closed Moorer Aggie $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $651,000 +0.2% $334 / Sq Ft
06/27/2024 06/27/24 For Sale $650,000 +531.1% $333 / Sq Ft
03/17/2017 03/17/17 Sold $103,000 -17.6% $53 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
09/20/2016 09/20/16 For Sale $125,000 -- $64 / 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 $2,042 $44,560 $21,040 $23,520
2023 $2,017 $44,555 $21,035 $23,520
2022 $647 $12,180 $1,680 $10,500
2021 $648 $12,180 $1,680 $10,500
2020 $649 $12,180 $1,680 $10,500
2019 $631 $10,150 $1,400 $8,750
2018 $592 $10,150 $1,400 $8,750
2017 $743 $10,150 $1,400 $8,750
2016 $609 $8,970 $3,260 $5,710
2015 $555 $8,970 $3,260 $5,710
2014 $556 $8,970 $3,260 $5,710
2013 $289 $9,450 $3,430 $6,020
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Pakizer

    Lotus Advisors

    (614) 745-6664

    1 in this area

    25 Total Sales

    Michael Pakizer
    Section Image
  • Nancy Baker

    Buyer's Agent in 2024

    Nancy Baker

    Engel & Volkers Real Estate Advisors

    (614) 580-8817

    2 in this area

    31 Total Sales

    Nancy Baker
    Section Image
  • Jay Zollars

    Seller's Agent in 2017

    Jay Zollars

    RZ Realty

    (614) 374-5050

    50 Total Sales

    Jay Zollars
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224021835

Columbus and Central Ohio Regional MLS

APN: 010-192527

Ohio Franklin County Columbus 43205 Franklin Park

404 Kelton Ave, Columbus, OH

This home is located at 404 Kelton Ave, Columbus, OH 43205 since 27 June 2024 and is currently estimated at $571,667, approximately $293 per square foot. This property was built in 1957. 404 Kelton Ave is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East 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.

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Information is deemed reliable but not guaranteed.

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