NOT LISTED FOR SALE

408 E Grand Ave Springfield, OH 45505

Estimated Value: $69,544 - $91,000

3 Beds
2 Baths
1,862 Sq Ft
$43/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $50,000 $27 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $454/month

16 Days on Market

Highlights

  • Porch
  • Shed
  • Forced Air Heating System

About This Home

As of April 2021

Excellent investment property or first time buyer home. Could be converted back to a single family home. Currently rented, will be vacant May 1st, Drive by offers subject to a walk thru!2019 Updated electrical, Tankless Hot water heater, upstairs windows updated, in 2020 freshly repainted and the driveway and parking had new gravel laid. Both units rented for $450.

Last Agent to Sell the Property

Douglas Nave

Coldwell Banker Heritage License #2017005998 Listed on: 04/06/2021

Coldwell Banker Heritage

Last Buyer's Agent

Douglas Nave

Coldwell Banker Heritage License #2017005998 Listed on: 04/06/2021

Coldwell Banker Heritage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $428

Year Built

  • Built in 1879

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • No Garage

Home Design

  • Stone Foundation

Interior Spaces

  • 1,862 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3400700034414024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$428

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Classic
  • Structure Type: House
  • Level Style: Two
  • Semi-Annual Tax: 214.00
  • Year Built: 1879
  • Documents: Lead Based Paint Disclosure, Property Disclosure, Other
  • Listing I D: 1009393
  • M L S Approved: Y
  • M L S Identifier: 20190724221641160008000000
  • New Financing: Cash, Conventional
  • Parcel I D Number Formatted: 3400700034414024
  • Property Group I D: 19990816212116581394000000
  • Type Of Contract: Exclusive Right To Sell
  • Units Rooms Gross Monthly Rent: 900.00
  • Total Number of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Price/ Sq Ft: 37.54
  • Total Bedrooms: 3
  • Total Square Footage: 1862.00

Exterior Features

  • Other Structures: Shed(s)
  • Exterior: Other
  • Foundation: Stone
  • Outside Features: Porch

Garage/Parking

  • Garage: No Garage

Utilities

  • Heating System: Forced Air, Natural Gas
  • Utilities: Natural Gas Connected, Sewer Connected
  • Sewer: Public Sewer
  • Water Source: Supplied Water

Lot Info

  • Acres: 0.17
  • Lot Dimensions: 50 x 150
  • Zoning: Residential
  • Land Info: Residential Lot
  • Parcel Id Number: 3400700034414024

Tax Info

  • Tax Year: 2020

MLS Schools

  • School District: 1206 Springfield CSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Smith Henry and Rose Andre
Bought by
Smith Henry
Current Estimated Value
$80,886

Purchase Details

Listed on
Apr 6, 2021
Closed on
Apr 29, 2021
Sold by
Reyes Rentals Llc
Bought by
Smith Henry and Boulay Rose Andre
Seller's Agent
Douglas Nave
Coldwell Banker Heritage
Buyer's Agent
Douglas Nave
Coldwell Banker Heritage
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.
Avg. Annual Appreciation
10.85%

Purchase Details

Closed on
Aug 30, 2019
Sold by
Rays Handyman Services Llc
Bought by
Reyes Rentals Llc

Purchase Details

Listed on
Apr 21, 2017
Closed on
May 5, 2017
Sold by
Otstot John H
Bought by
Ray S Handyman Services Llc
Seller's Agent
Curtis Mumma
Mumma Realty and Auctioneers
Buyer's Agent
TonJala Cosby
Take A Look Real Estate Brokers
List Price
$13,500
Sold Price
$10,000
Premium/Discount to List
-$3,500
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.34%

Purchase Details

Listed on
Apr 21, 2017
Closed on
Mar 15, 2017
Sold by
Smith Richard L
Bought by
Otstot John H
Seller's Agent
Curtis Mumma
Mumma Realty and Auctioneers
Buyer's Agent
TonJala Cosby
Take A Look Real Estate Brokers
List Price
$13,500
Sold Price
$10,000
Premium/Discount to List
-$3,500
-25.93%

Purchase Details

Closed on
Jun 24, 2010
Sold by
Otstot John H
Bought by
Smith Colleen L and Smith Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 28, 1994
Sold by
Burley Thomas J and Burley Rosemarie
Bought by
Otstot John H

Purchase Details

Closed on
Jun 1, 1979
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 Henry -- Team Title & Closing Services
Smith Henry -- Team Title & Closing Services
Smith Henry $50,000 Team Ttl & Closing Svcs Llc
Reyes Rentals Llc $10,000 None Available
Ray S Handyman Services Llc $10,000 Ohio Real Estate Title
Otstot John H $1,000 None Available
Smith Colleen L $21,000 None Available
Otstot John H $15,000 --
-- $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Colleen L $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2021 04/29/21 Sold $50,000 -28.5% $27 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $69,900 +599.0% $38 / Sq Ft
05/05/2017 05/05/17 Sold $10,000 -25.9% $5 / Sq Ft View Prior Sale
04/28/2017 04/28/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $13,500 -- $7 / Sq Ft
Source: Western Regional Information Systems & Technology (WRIST)

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 $371 $13,650 $1,410 $12,240
2023 $674 $13,650 $1,410 $12,240
2022 $1,071 $13,650 $1,410 $12,240
2021 $620 $11,290 $1,170 $10,120
2020 $426 $7,740 $1,170 $6,570
2019 $427 $7,740 $1,170 $6,570
2018 $450 $7,830 $970 $6,860
2017 $450 $7,837 $973 $6,864
2016 $451 $7,837 $973 $6,864
2015 $443 $7,553 $973 $6,580
2014 $441 $7,553 $973 $6,580
2013 $437 $7,553 $973 $6,580
Source: Public Records

Agents Affiliated with this Home

  • Douglas Nave

    Seller's Agent in 2021

    Douglas Nave

    Coldwell Banker Heritage

    (937) 360-0497

    314 in this area

    396 Total Sales

    Douglas Nave
    Section Image
  • Curtis Mumma

    Seller's Agent in 2017

    Curtis Mumma

    Mumma Realty and Auctioneers

    (937) 206-8519

    98 in this area

    222 Total Sales

    Curtis Mumma
    Section Image

  • N

    Seller Co-Listing Agent in 2017

    Natalie Mumma

    Mumma Realty and Auctioneers

    (937) 776-1188

    96 in this area

    240 Total Sales

    Natalie Mumma
    Section Image
  • TonJala Cosby

    Buyer's Agent in 2017

    TonJala Cosby

    Take A Look Real Estate Brokers

    (937) 206-8329

    41 in this area

    55 Total Sales

    TonJala Cosby
    Section Image
See All Agents

Map

Source: Western Regional Information Systems & Technology (WRIST)

MLS Number: 1009393

Western Regional Information Systems & Technology (WRIST)

APN: 34-00700-03441-4024

Ohio Clark County Springfield 45505

408 E Grand Ave, Springfield, OH

Not Listed for Sale

MultiFamily

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