NOT LISTED FOR SALE

423 N Shaffer St Unit 425 Springfield, OH 45504

Estimated Value: $81,000 - $121,000

4 Beds
4 Baths
2,696 Sq Ft
$35/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $75,000 $28 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $596/month

59 Days on Market

Highlights

  • 2 Car Detached Garage
  • Porch
  • Forced Air Heating System

About This Home

As of March 2023

Attention investors! Side by side double offers units that mirror each other at 1348 square feet per unit: living room, dining room, kitchen and half bath on he main level with 2 bedrooms and full bath up. Laundry facility in basement. Back mud room for additional storage and a 20x21 building. Low maintenance exterior with updated vinyl siding and vinyl windows . 423 is currently rented to a long term tenant for $600/month on a month to month agreement. Owner pays for water and trash. The 425 unit is rented for $775 month. Gas and electric are metered separately. Water and sewer is on one meter but could be split. 423 requires more notice.

Last Agent to Sell the Property

Priscilla McNamee

Roost Real Estate Co Brokerage Phone: (937) 390-3715 Listed on: 01/24/2023

Last Buyer's Agent

Test Member

Test Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,068

Year Built

  • 1896

Lot Details

  • 5,547 Sq Ft Lot
  • Lot Dimensions are 43x129

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,696 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 3400600005407016

Community Details

Overview

  • 2 Units
  • Hagan Subdivision

Building Details

  • Gross Income $16,500
  • Net Operating Income $13,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,068

Year Built

1896

Lot Details

0

Parking

2

Listing Details

  • Cooling System: None
  • Property Sub Type: Multi Family
  • Year Built: 1896
  • Attribution Contact: (937) 390-3715
  • Lot Size Acres: 0.1273
  • Co List Office Phone: (937) 390-3715
  • MLS Status: Closed
  • Living Area: 2696.0
  • Master Plan Zoning: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Garage Spaces: 2.0
  • Property Type: Residential Income
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Detached, Garage, Two Car Garage

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Springfield

Lot Info

  • Lot Dimensions: 43x129
  • Lot Size Sq Ft: 5547.0
  • Parcel Number: 3400600005407016
  • Zoning Description: Residential

Rental Info

  • Land Lease Amount: 1375.0

Multi Family

  • Annual Gross Income: 16500.0
  • Property Net Operating Income: 13836.0
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Mar 31, 2023
Sold by
Morton Bradley Scott and Morton Sierra
Bought by
Singh Avatar
Seller's Agent
Priscilla McNamee
Roost Real Estate Co
Buyer's Agent
Test Member
Test Office
List Price
$87,900
Sold Price
$75,000
Premium/Discount to List
-$12,900
-14.68%
Views
438
Current Estimated Value
$92,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,600
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Jul 20, 2022
Sold by
Jsbm Partners Llc
Bought by
Morton Bradley Scott and Soppe Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2022
Sold by
Terry Maynard
Bought by
Jsbm Partners Llc

Purchase Details

Closed on
Dec 18, 2019
Sold by
Haywood Charles
Bought by
Maynard Terry

Purchase Details

Closed on
Jul 19, 2019
Sold by
Ferdman Zachary
Bought by
Haywood Charles

Purchase Details

Closed on
Jan 6, 2016
Sold by
Dolph Michael J and Dolph Vickie
Bought by
Ferdman Zachary

Purchase Details

Closed on
Aug 15, 2002
Sold by
Dolph Michael J and Dolph Vickie
Bought by
Dolph Michael J and Dolph Vickie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1993
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
Singh Avatar $75,000 --
Morton Bradley Scott -- New Title Company Name
Jsbm Partners Llc $60,000 New Title Company Name
Maynard Terry $18,500 Team Title & Closing Svc Llc
Haywood Charles $24,600 Home Services Title
Ferdman Zachary $55,900 None Available
Dolph Michael J -- --
-- $38,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morton Bradley Scott $63,000
Previous Owner Dolph Michael John $17,200
Previous Owner Dolph Michael J $57,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $75,000 -11.8% $28 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/15/2023 03/15/23 Price Changed $85,000 -3.3% $32 / Sq Ft
02/20/2023 02/20/23 For Sale $87,900 0.0% $33 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/24/2023 01/24/23 For Sale $87,900 -- $33 / Sq Ft
Source: Dayton REALTORS®

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 $1,068 $21,630 $3,480 $18,150
2023 $1,068 $21,630 $3,480 $18,150
2022 $991 $21,630 $3,480 $18,150
2021 $991 $18,040 $2,880 $15,160
2020 $994 $18,040 $2,880 $15,160
2019 $996 $18,040 $2,880 $15,160
2018 $1,115 $19,390 $3,380 $16,010
2017 $1,115 $19,391 $3,385 $16,006
2016 $1,116 $19,391 $3,385 $16,006
2015 $1,205 $20,549 $3,385 $17,164
2014 $1,200 $20,549 $3,385 $17,164
2013 $1,188 $20,549 $3,385 $17,164
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Dayton REALTORS®

MLS Number: 880004

Dayton REALTORS®

APN: 34-00600-00540-7016