NOT LISTED FOR SALE

Estimated Value: $269,651

-- Bed
-- Bath
6,832 Sq Ft
$39/Sq Ft Est. Value

Last Sold June 29, 2016

Last sale price $142,500 $21 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,756/month

520 Days on Market

About This Home

As of June 2016

Money maker--Price reduced!! 5 upper apartments, 3,000 sq ft 1st floor commercial space. 100% occupied, long term owner, well maintained, excellent rental history. Upside potential. Motivated seller. Make an offer!

Last Agent to Sell the Property

Mike Welch

RE/MAX Preferred Associates License #0000349420 Listed on: 01/12/2015

RE/MAX Preferred Associates

Last Buyer's Agent

Mike Welch

RE/MAX Preferred Associates License #0000349420 Listed on: 01/12/2015

RE/MAX Preferred Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 1930

Lot Details

  • 7,100 Sq Ft Lot
  • Irregular Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 6,832 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 5 Car Detached Garage
  • Assigned Parking

Schools

  • Start High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electricity, gas, heat, insurance, snow removal, sewer, taxes
  • Tax Lot 682
  • Assessor Parcel Number 07-04497

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Hampton Park Addn Westgate Subdivision

Building Details

  • 6 Leased Units
  • Net Operating Income $38,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,972

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1930
  • Lot Size Acres: 0.163
  • Lot Size: irreg
  • Inclusions: ,,
  • Subdivision Name: Hampton Park Addn Westgate
  • Garage Yn: Yes
  • Unit Levels: Two
  • Structure Type: Apartment
  • Year Built Details: Unknown
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Stories: 2
  • Number Of Buildings: 2
  • Owner Pays: Electricity, Gas, Heat, Insurance, Snow Removal, Sewer, Taxes
  • Has Basement: Full
  • Basement YN: Yes
  • Interior Amenities: Common Entry, Cable TV
  • Living Area: 6832.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Flat
  • Lot Features: Irregular Lot
  • Disclosures: Lead Based Paint Disclosure, Sellers Disclosure Not Available
  • Construction Type: Brick
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Assigned, Detached, Garage, No Driveway
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Hot Water, Natural Gas
  • Sewer: Sanitary
  • Appliances: Gas Water Heater
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Parcel #: 07-04497
  • Zoning Description: C/4
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: None

Multi Family

  • Net Operating Income: 38700.0
  • Number Of Units Total: 6
  • Number Of Units Leased: 6
  • Total Actual Rent: 3225.0

Tax Info

  • Tax Lot: 682

MLS Schools

  • Elementary School: Other
  • HighSchool: Start

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2015
Closed on
Jun 29, 2016
Sold by
Jackson George A and Dahlin Adele T
Bought by
Summerfield Group Llc
Seller's Agent
Mike Welch
RE/MAX Preferred Associates
Buyer's Agent
Mike Welch
RE/MAX Preferred Associates
List Price
$195,000
Sold Price
$142,500
Premium/Discount to List
-$52,500
-26.92%
Total Days on Market
520
Current Estimated Value
$269,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,151
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Jan 17, 2001
Sold by
Spevak Leon M
Bought by
Jackson George A and Dahlin Adele T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,377
Interest Rate
7.43%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Summerfield Group Llc $142,500 Louisville Title Agency
Jackson George A $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summerfield Group Llc $185,500
Closed Summerfield Group Llc $185,500
Previous Owner Jackson George A $202,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2016 06/29/16 Sold $142,500 -26.9% $21 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
01/12/2015 01/12/15 For Sale $195,000 -- $29 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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 $2,972 $65,030 $4,025 $61,005
2023 $5,356 $53,410 $3,815 $49,595
2022 $5,331 $53,410 $3,815 $49,595
2021 $5,447 $53,410 $3,815 $49,595
2020 $5,407 $49,875 $18,165 $31,710
2019 $5,281 $49,875 $18,165 $31,710
2018 $5,281 $49,875 $18,165 $31,710
2017 $5,327 $49,875 $18,165 $31,710
2016 $6,686 $181,900 $51,900 $130,000
2015 $6,635 $181,900 $51,900 $130,000
2014 $5,660 $63,670 $18,170 $45,500
2013 $5,660 $63,670 $18,170 $45,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 5082468

Northwest Ohio Real Estate Information Service (NORIS)

APN: 07-04497