NOT LISTED FOR SALE

409 E Markison Ave Unit 9 Columbus, OH 43207

Merion Village Neighborhood

Estimated Value: $313,000 - $452,000

9 Beds
4 Baths
2,832 Sq Ft
$135/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $280,000 $99 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,723/month

15 Days on Market

About This Home

As of August 2020

Photos updated 5/31. Fully rented triplex in Merion Village! Front house has two units, 2bd/2ba down and 2bd/1ba up each renting $800/mo. Back house separate 2bd/1ba renting $800/mo. Tenants pay all utilities, owner pays water/sewage. Parking for 2 cars in back. All long term tenants month-to-month. Rents are below market. Central heat and ac in both buildings, hardwood flooring throughout in great condition. Plumbing, furnaces, and electrical working. New hot water tank in front. Vinyl siding in good shape. Great for owner occupants or investors. Full video tour available, back house not pictured. Tenant occupied, do not disturb tenants. Sold as is.

Last Listed By

Marc Rice

Reafco License #2022005625 Listed on: 05/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,131

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 2,832 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Off-Street Parking: 1

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 010-047443

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Gross Income $28,800
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,131

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1890
  • Tax Year: 2019
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Total Gross Income: 28800.0
  • Co List Office Phone: 614-636-2560
  • MLS Status: Closed
  • Income Expenses Gross Income: 28800.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2832.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-047443
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 28800.0

Tax Info

  • Tax Annual Amount: 4131.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2022
Sold by
409 Markison Llc
Bought by
Terra Fii Cv Borrower Llc
Total Days on Market
15
Current Estimated Value
$383,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 7, 2022
Sold by
409 Markison Llc
Bought by
Terra Fii Cv Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 5, 2021
Sold by
Turk James William and Turk Erica Marie
Bought by
409 Markison Llc

Purchase Details

Listed on
May 20, 2020
Closed on
Aug 7, 2020
Sold by
Tara Adrian J and Tara Michelle A
Bought by
Turk James William and Turk Erica Marie
Seller's Agent
Marc Rice
Reafco
Buyer's Agent
Michael Gonzales
Red 1 Realty
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$210,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1998
Sold by
Messmer Daniel P and Messmer Lori J
Bought by
Taraj Adrian and Taraj Flutura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
7.5%

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
Terra Fii Cv Borrower Llc -- Title One
Terra Fii Cv Borrower Llc $290,000 Title One
409 Markison Llc -- Superior T&E Llc
Turk James William $280,000 Northwest Ttl Fam Of Compani
Taraj Adrian $40,000 --
Messmer Daniel P $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terra Fii Cv Borrower Llc $8,000,000
Previous Owner Turk James William $210,000
Previous Owner Taraj Adrian $103,385
Previous Owner Taraj Adrian $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $280,000 -6.3% $99 / Sq Ft
05/31/2020 05/31/20 Price Changed $298,900 -0.3% $106 / Sq Ft
05/20/2020 05/20/20 For Sale $299,900 -- $106 / 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 $7,190 $148,130 $48,480 $99,650
2023 $6,923 $148,120 $48,475 $99,645
2022 $4,594 $86,450 $16,660 $69,790
2021 $4,602 $86,450 $16,660 $69,790
2020 $4,609 $86,450 $16,660 $69,790
2019 $4,131 $64,020 $12,320 $51,700
2018 $3,297 $64,020 $12,320 $51,700
2017 $3,369 $64,020 $12,320 $51,700
2016 $2,708 $39,130 $7,700 $31,430
2015 $2,470 $39,130 $7,700 $31,430
2014 $2,426 $39,130 $7,700 $31,430
2013 $1,247 $39,130 $7,700 $31,430
Source: Public Records

Agents Affiliated with this Home

  • Marc Rice

    Seller's Agent in 2020

    Marc Rice

    Reafco

    (614) 363-2787

    9 in this area

    127 Total Sales

    Marc Rice
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Gonzales

    Red 1 Realty

    (614) 782-1914

    1 in this area

    58 Total Sales

    Michael Gonzales
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 220015528

Columbus and Central Ohio Regional MLS

APN: 010-047443

Ohio Franklin County Columbus 43207 Merion Village

409 E Markison Ave Unit 9, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 409 E Markison Ave Unit 9, Columbus, OH 43207 since 20 May 2020 and is currently estimated at $383,063, approximately $135 per square foot. This property was built in 1890. 409 E Markison Ave Unit 9 is a home located in Franklin County with nearby schools including Southwood Elementary School, South High School, and South Columbus Preparatory Academy.

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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