NOT LISTED FOR SALE

434 E Norwich Ave Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated Value: $1,373,719

-- Bed
1 Bath
9,376 Sq Ft
$147/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $1,300,000 $139 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,260/month

66 Days on Market

About This Home

As of April 2023

The property offers 12 units/22 beds with a mix of 8 - 2BD/1BA flats, 2 - 2BD/1.5BA townhouses and 2 studio units. The units are in good condition with most receiving new vinyl plank flooring and a few with completely renovated kitchens and baths that include stainless steel appliances, granite counters and tile tub surrounds. The potential exists for a new owner to create additional value by renovating the rest of the units. Other highlights include new exterior paint, thermal pane windows throughout and steel entry doors. The property amenities include on-site laundry, central A/C and ample off-street parking spots. Tenants pay all utilities. The property is currently 100% occupied and pre-leasing for the 2023-24 academic year is very strong.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 02/01/2023

Last Buyer's Agent

Brandon Goldsmith

Reafco License #2020000644

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,764

Year Built

  • Built in 1970

Lot Details

  • 0.26 Acre Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 9,376 Sq Ft Home
  • Frame Construction

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-027375

Community Details

Overview

  • 12 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $54,431
  • Gross Income $153,977
  • Net Operating Income $99,546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,764

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1970
  • Tax Year: 2021
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.26
  • Total Gross Income: 153977.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 153977.0
  • Annual Expenses: 54431.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 9376.0
  • Construction Block3: Yes
  • Owner Pays Trash2: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: 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, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-027375
  • Lot Size Sq Ft: 11325.6
  • Additional Parcels: No

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 99546.0
  • Annual Operating Expense: 54431.0

Tax Info

  • Tax Annual Amount: 15764.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 1979
Bought by
Columbia Gas Of Ohio Inc
Current Estimated Value
$1,373,719
Source: Public Records

Range of Values:

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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
Columbia Gas Of Ohio Inc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $1,300,000 -14.8% $139 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $1,525,000 +17.3% $163 / Sq Ft
01/23/2023 01/23/23 Off Market $1,300,000 -- --
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 $59 $530 $530 --
2023 $39 $525 $525 $0
2022 $40 $530 $530 $0
2021 $40 $530 $530 $0
2020 $40 $530 $530 $0
2019 $38 $460 $460 $0
2018 $74 $460 $460 $0
2017 $79 $460 $460 $0
2016 $119 $1,370 $460 $910
2015 $111 $1,370 $460 $910
2014 $111 $1,370 $460 $910
2013 $55 $1,365 $455 $910
Source: Public Records

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2023

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    7 in this area

    19 Total Sales

    Matthew Brown
    Section Image
  • Brandon Goldsmith

    Buyer's Agent in 2023

    Brandon Goldsmith

    Reafco

    (614) 963-3340

    3 in this area

    85 Total Sales

    Brandon Goldsmith
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223001795

Columbus and Central Ohio Regional MLS

APN: 010-093482

Ohio Franklin County Columbus 43201 Indianola Terrace

434 E Norwich Ave, Columbus, OH

This home is located at 434 E Norwich Ave, Columbus, OH 43201 since 01 February 2023 and is currently estimated at $1,373,719, approximately $146 per square foot. This property was built in 1970. 434 E Norwich Ave is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

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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