Seller's Agent in 2023
Matthew Brown
Brown Multifamily Advisors,LLC
(614) 519-8689
7 in this area
20 Total Sales
434 E Norwich Ave Columbus, OH 43201
Indianola Terrace NeighborhoodEstimated Value: $1,347,469
Studio
1
Bath
9,376
Sq Ft
$144/Sq Ft
Est. Value
About This Home
As of April 2023The 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
Brown Multifamily Advisors,LLC License #2016006143 Listed on: 02/01/2023
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
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Columbia Gas Of Ohio Inc | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Brandon Goldsmith
Buyer's Agent in 2023
Brandon Goldsmith
Reafco
(614) 963-3340
3 in this area
92 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 223001795
APN: 010-093482
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