NOT LISTED FOR SALE

418 E Monroe St Sandusky, OH 44870

Estimated Value: $82,000 - $168,000

2 Beds
1 Bath
924 Sq Ft
$154/Sq Ft Est. Value

Last Sold January 22, 2025

Last sale price $150,000 $162 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $806/month

13 Days on Market

About This Home

As of January 2025

This beautifully remodeled multi-family dwelling in the heart of Sandusky presents an excellent investment opportunity. With both units currently leased, generating a combined monthly income of $2,089, this property offers immediate cash flow. Its prime location makes it ideal for seasonal rentals, further enhancing its income potential. Whether you're a seasoned investor seeking to expand your portfolio or a first-time buyer looking to leverage rental income, this property provides a solid foundation for financial growth. Seller financing is available, making it even more accessible to realize your investment goals.

Last Agent to Sell the Property

Phillip Stern

Realistar License #2022003783 Listed on: 11/27/2024

Last Buyer's Agent

Min Zhang

Reafco License #2020007987

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $793

Year Built

  • Built in 1930

Lot Details

  • 4,356

Parking

  • Off-Street Parking: 1

Home Design

  • 924 Sq Ft Home
  • Duplex
  • Frame Construction
  • Vinyl Siding

Additional Features

  • 4,356 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 57-00737-000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $2,200
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$793

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1930
  • Tax Year: 2023
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.1
  • Total Gross Income: 2200.0
  • Co List Office Phone: 614-908-1600
  • MLS Status: Closed
  • Subdivision Name: ERIE-OTTAWA MENTAL HEALTH DIST
  • Location Property Info List PriceSqFt: 167.64
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 2200.0
  • Annual Expenses: 5000.0
  • General Property Info Building Sq Ft: 924.0
  • Heat Fuel Electric4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: SANDUSKY CSD 2206 ERI CO.

Lot Info

  • Parcel Number: 57-00737-000
  • Lot Size Sq Ft: 4356.0

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 19000.0
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 793.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Jan 21, 2025
Sold by
Svs Home Improvements & Design Llc
Bought by
Taneja Tarun
Seller's Agent
Phillip Stern
Realistar
Buyer's Agent
Min Zhang
Reafco
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%
Views
9
Current Estimated Value
$142,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,817
Avg. Annual Appreciation
-5.59%
Original Mortgage
$108,000
Outstanding Balance
$107,219
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$34,964

Purchase Details

Closed on
Apr 5, 2023
Sold by
Sensmeier Melissa
Bought by
Svs Home Improvement & Design Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,300
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2021
Sold by
Estate Of Margaret E Kessler
Bought by
Sensmeier Melissa

Purchase Details

Closed on
Nov 19, 2014
Sold by
Nickle Peggy Sue
Bought by
Kessler Margaret E

Purchase Details

Closed on
Jan 29, 1996
Sold by
Norris Todd A
Bought by
Kessler Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,600
Interest Rate
7.19%
Mortgage Type
New Conventional
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
Taneja Tarun $150,000 None Listed On Document
Svs Home Improvement & Design Llc $18,750 --
Sensmeier Melissa -- None Available
Kessler Margaret E -- Attorney
Kessler Margaret E $11,761 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taneja Tarun $108,000
Previous Owner Svs Home Improvement & Design Llc $57,300
Previous Owner Kessler Margaret E $11,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2025 01/22/25 Sold $150,000 -3.2% $162 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/27/2024 11/27/24 For Sale $154,900 -- $168 / 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 $729 $14,335 $3,475 $10,860
2023 $729 $12,316 $2,716 $9,600
2022 $656 $12,316 $2,716 $9,600
2021 $630 $12,320 $2,720 $9,600
2020 $660 $11,850 $2,720 $9,130
2019 $678 $11,850 $2,720 $9,130
2018 $679 $11,850 $2,720 $9,130
2017 $883 $15,370 $2,820 $12,550
2016 $883 $15,370 $2,820 $12,550
2015 $800 $15,370 $2,820 $12,550
2014 $795 $15,370 $2,820 $12,550
2013 $787 $15,370 $2,820 $12,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224041662

Columbus and Central Ohio Regional MLS

APN: 57-00737-000