Seller's Agent in 2023
Marc Rice
Reafco
(614) 363-2787
6 in this area
150 Total Sales
435 Gomber Ave Cambridge, OH 43725
Estimated Value: $96,169 - $129,000
2
Beds
2
Baths
1,579
Sq Ft
$70/Sq Ft
Est. Value
About This Home
As of September 2023Fully turnkey duplex rented for $1,225/mo. Current cap rate 8.2% with upwards potential for 9.9% through rent increases. These properties are fully stabilized through significant improvements and currently under professional management with an experienced local property manager. All units have room for rental growth and rent increase. Preferably sold as package with 431 N 11th, 1207 Steubenville, 1001 Beatty, 902 Beatty, and 500 N 9th. Request Offering Memorandum for more details on property/portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $882
Year Built
- Built in 1900
Lot Details
- 4,356
Home Design
- 1,579 Sq Ft Home
- Duplex
- Frame Construction
Utilities
- No Cooling
- Forced Air Heating System
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 060005695000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $4,893
- Gross Income $14,700
- Net Operating Income $9,807
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2023
Closed on
Sep 7, 2023
Sold by
368 Properties Llc
Bought by
Jomak Properties Llc
Seller's Agent
Marc Rice
Reafco
Buyer's Agent
Marc Rice
Reafco
List Price
$119,900
Sold Price
$117,500
Premium/Discount to List
-$2,400
-2%
Views
96
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,980
Avg. Annual Appreciation
-2.81%
Original Mortgage
$235,000
Interest Rate
7.44%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 4, 2023
Closed on
Sep 6, 2023
Sold by
Redwood Capital Group Llc
Bought by
Jomak Properties Llc
Seller's Agent
Marc Rice
Reafco
Buyer's Agent
Marc Rice
Reafco
List Price
$119,900
Sold Price
$117,500
Premium/Discount to List
-$2,400
-2%
Views
96
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 25, 2022
Sold by
Cameli Enterprises Llc
Bought by
Redwood Capital Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 24, 2005
Sold by
Sky Bank
Bought by
Cameli Enterprises Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jomak Properties Llc | $117,500 | Landsel Title | |
| Jomak Properties Llc | $117,500 | Landsel Title | |
| 368 Properties Llc | -- | Landsel Title | |
| Redwood Capital Group Llc | $742,000 | None Listed On Document | |
| Cameli Enterprises Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Jomak Properties Llc | $235,000 | |
| Previous Owner | Redwood Capital Group Llc | $517,000 | |
| Previous Owner | Cameli Enterprises Llc | $69,500 | |
| Previous Owner | Cameli Enterprises Llc | $37,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2023 09/11/23 | Sold | $117,500 | -2.0% | $74 / Sq Ft |
| 05/04/2023 05/04/23 | For Sale | $119,900 | -- | $76 / Sq Ft |
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 | $1,010 | $20,342 | $3,542 | $16,800 |
| 2023 | $1,010 | $17,367 | $3,024 | $14,343 |
| 2022 | $882 | $17,360 | $3,020 | $14,340 |
| 2021 | $874 | $17,360 | $3,020 | $14,340 |
| 2020 | $794 | $15,540 | $2,690 | $12,850 |
| 2019 | $786 | $15,540 | $2,690 | $12,850 |
| 2018 | $710 | $15,540 | $2,690 | $12,850 |
| 2017 | $682 | $13,470 | $2,340 | $11,130 |
| 2016 | $682 | $13,470 | $2,340 | $11,130 |
| 2015 | $682 | $13,470 | $2,340 | $11,130 |
| 2014 | -- | $12,150 | $2,030 | $10,120 |
| 2013 | $623 | $12,150 | $2,030 | $10,120 |
Source: Public Records
Agents Affiliated with this Home
-
Marc Rice
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 223012801
APN: 06-0005695.000
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