NOT LISTED FOR SALE

414 E Gates St Unit 416 Columbus, OH 43206

Merion Village Neighborhood

Estimated Value: $392,000 - $435,000

6 Beds
2 Baths
2,282 Sq Ft
$178/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $370,000 $162 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,751/month

13 Days on Market

About This Home

As of October 2023

Investment Opportunity in Merion Village! Large 2-family duplex. Each side has covered front and back porches, individual fenced-in backyards with newer 6-foot privacy fences, custom paver patios and huge separate basements. Each side is 1,141 SQ FT with 3 beds and 1.5 baths. Original refinished hardwood floors on both sides. 2-3 dedicated parking spots in rear depending on vehicle size with room for a future garage to be built. The 416 side was updated in 2020 and includes all stainless steel appliances and newer washer/dryer. The 414 side black/white kitchen appliances and older W/D set also convey with property. Pictures show both units. Close proximity to NW Children's, freeways, Short North, OSU, and Schiller Park makes this ideal for short or long-term rentals

Last Agent to Sell the Property

Heather Mehta

RE/MAX Partners License #2022007625 Listed on: 09/15/2023

RE/MAX Partners

Last Buyer's Agent

Shaun Greenwood

Taylor Made Realty License #2014004352

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,206

Year Built

  • Built in 1917

Lot Details

  • 4,356

Home Design

  • 2,282 Sq Ft Home
  • Duplex

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 4,356 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 010-027903-00

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $111
  • Maintenance Expense $104
  • Water Sewer Expense $206
  • Operating Expense $855
  • Gross Income $2,550
  • Net Operating Income $1,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,206

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1917
  • Tax Year: 2022
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.1
  • Total Gross Income: 2550.0
  • Co List Office Phone: 614-224-4900
  • MLS Status: Closed
  • Subdivision Name: Merion Village
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 2550.0
  • Annual Expenses: 855.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2282.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Miscellaneous Security System3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 206.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-027903-00
  • Lot Size Sq Ft: 4356.0
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 111.0
  • Maintenance Expense: 104.0
  • Net Operating Income: 1695.0
  • Annual Operating Expense: 855.0

Tax Info

  • Tax Annual Amount: 5206.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Oct 24, 2023
Sold by
Siddiqui Yasser and Siddiqui Zainab
Bought by
Concrete Realty Llc
Seller's Agent
Heather Mehta
RE/MAX Partners
Buyer's Agent
Shaun Greenwood
Taylor Made Realty
List Price
$425,000
Sold Price
$370,000
Premium/Discount to List
-$55,000
-12.94%
Total Days on Market
13
Views
9
Current Estimated Value
$405,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,667
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Feb 9, 2022
Sold by
Mehta Kartik H
Bought by
Native Properties Llc

Purchase Details

Closed on
Apr 4, 2011
Sold by
Mehta Kartik H
Bought by
Mehta Kartik H and Mehta Heather L

Purchase Details

Closed on
Oct 31, 2007
Sold by
Woodrow Ronnie and Woodrow Lauren
Bought by
Mehta Kartik H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2004
Sold by
Mayo Gerald E and Mayo Melanie A
Bought by
Woodrow Ronnie

Purchase Details

Closed on
Jan 7, 1994
Bought by
Mayo Gerald E

Purchase Details

Closed on
Jul 1, 1984
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
Concrete Realty Llc -- None Listed On Document
Native Properties Llc -- Gahanna Title
Mehta Kartik H -- Talon Title Agency
Mehta Kartik H $195,000 Talon Group
Woodrow Ronnie $77,500 Ohio Land R
Mayo Gerald E $56,800 --
-- $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mehta Kartik H $170,000
Previous Owner Woodrow Ronnie D $171,306
Previous Owner Woodrow Ronnie D $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $370,000 -12.9% $162 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $425,000 +14.9% $186 / Sq Ft
09/06/2023 09/06/23 Off Market $370,000 -- --
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 $5,998 $130,870 $45,850 $85,020
2023 $6,062 $133,950 $45,850 $88,100
2022 $5,206 $97,970 $30,870 $67,100
2021 $5,216 $97,970 $30,870 $67,100
2020 $5,223 $97,970 $30,870 $67,100
2019 $4,612 $74,170 $30,870 $43,300
2018 $4,329 $74,170 $30,870 $43,300
2017 $4,611 $74,170 $30,870 $43,300
2016 $4,452 $65,530 $12,570 $52,960
2015 $4,053 $65,530 $12,570 $52,960
2014 $4,063 $65,530 $12,570 $52,960
2013 $1,821 $59,535 $11,410 $48,125
Source: Public Records

Agents Affiliated with this Home

  • Heather Mehta

    Seller's Agent in 2023

    Heather Mehta

    RE/MAX

    (614) 333-8456

    1 in this area

    7 Total Sales

    Heather Mehta
    Section Image

  • S

    Buyer's Agent in 2023

    Shaun Greenwood

    Taylor Made Realty

    (614) 327-2327

    1 in this area

    38 Total Sales

    Shaun Greenwood
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223029016

Columbus and Central Ohio Regional MLS

APN: 010-027903

Ohio Franklin County Columbus 43206 Merion Village

414 E Gates St Unit 416, Columbus, OH

This home is located at 414 E Gates St Unit 416, Columbus, OH 43206 since 15 September 2023 and is currently estimated at $405,667, approximately $177 per square foot. This property was built in 1917. 414 E Gates St Unit 416 is a home located in Franklin County with nearby schools including Siebert 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.

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