NOT LISTED FOR SALE

45 E 1st Ave Unit 47 Columbus, OH 43201

Italian Village Neighborhood

Estimated Value: $481,000 - $557,000

4 Beds
2 Baths
2,050 Sq Ft
$254/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $450,000 $220 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,317/month

6 Days on Market

About This Home

As of October 2022

A truly rare opportunity to own a newly renovated, historic duplex STEPS away from short north in italian village, with immediate turn-key cash flow. This meticulously well kept duplex features two units, each with two bedrooms and 1 bath. Renovated within the past 12 months, this property comes with designated parking in the rear of the property and is immediately next to Short North and High Street.

This property is currently being utilized as a short-term rental, please do not disturb tenants. There is the ability to retain 5-star hosting management. Furniture may come included with purchase price, if desired. Property also comes with fully approved development plans for a duplex on the rear of the parcels, this would require the purchase of the adjacent duplex, 53-53.5 E 1st Ave.

Last Agent to Sell the Property

Kareem Amr

Roby Realty License #2014003422 Listed on: 09/09/2022

Last Buyer's Agent

Lauren Westfall

Keller Williams Excel Realty License #2021005863

Keller Williams Excel Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,728

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot

Home Design

  • 2,050 Sq Ft Home
  • Duplex

Listing and Financial Details

  • Assessor Parcel Number 010-031680

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,332
  • Gross Income $42,876
  • Net Operating Income $32,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,728

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.26
  • Total Gross Income: 42876.0
  • Co List Office Phone: 614-944-5140
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 251.22
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 42876.0
  • Annual Expenses: 10332.0
  • General Property Info Building Sq Ft: 2050.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-031680
  • Lot Size Sq Ft: 11325.6

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 32544.0
  • Annual Operating Expense: 10332.0

Tax Info

  • Tax Annual Amount: 5728.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 13, 2022
Sold by
Boss Lifestyle Llc
Bought by
Summit Street Holdings Llc
Seller's Agent
Kareem Amr
Roby Realty
Buyer's Agent
Lauren Westfall
Keller Williams Excel Realty
List Price
$515,000
Sold Price
$450,000
Premium/Discount to List
-$65,000
-12.62%
Current Estimated Value
$521,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,009
Avg. Annual Appreciation
4.89%
Original Mortgage
$315,000
Outstanding Balance
$304,446
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$216,563

Purchase Details

Listed on
Dec 1, 2020
Closed on
Dec 7, 2020
Sold by
Blue Michael S
Bought by
Boss Lifestyle Llc
Seller's Agent
Lauren Lucas
KW Classic Properties Realty
Buyer's Agent
Lauren Lucas
KW Classic Properties Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.68%
Original Mortgage
$875,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 3, 2004
Sold by
Mcdonald Patricia Jill and Jill Mcdonald Trust
Bought by
Blue Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2003
Sold by
Mcdonald Patricia J
Bought by
The Patricia Jill Mcdonald Trust

Purchase Details

Closed on
Jul 1, 2002
Sold by
Hardgrove George
Bought by
Mcdonald Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,900
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 1976
Bought by
Hardgrove Dorothy M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Summit Street Holdings Llc $450,000 Cardinal Title
Boss Lifestyle Llc $1,300,000 Amerititle
Blue Michael S $215,000 Ameri Title
The Patricia Jill Mcdonald Trust -- --
Mcdonald Patricia J $159,900 Amerititle
Hardgrove Dorothy M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Street Holdings Llc $315,000
Previous Owner Boss Lifestyle Llc $875,000
Previous Owner Blue Michael S $172,000
Previous Owner Mcdonald Patricia J $143,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2022 10/27/22 Sold $450,000 -12.6% $220 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $515,000 -20.8% $251 / Sq Ft
12/07/2020 12/07/20 Sold $650,000 0.0% $317 / Sq Ft View Prior Sale
11/18/2020 11/18/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $650,000 -- $317 / Sq Ft
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 $6,856 $149,610 $75,260 $74,350
2023 $6,976 $149,590 $75,250 $74,340
2022 $20,344 $196,120 $14,250 $181,870
2021 $5,728 $107,600 $19,850 $87,750
2020 $5,248 $98,430 $19,850 $78,580
2019 $4,534 $72,920 $14,710 $58,210
2018 $4,661 $72,920 $14,710 $58,210
2017 $4,901 $72,920 $14,710 $58,210
2016 $5,268 $77,540 $34,520 $43,020
2015 $4,796 $77,540 $34,520 $43,020
2014 $4,808 $77,540 $34,520 $43,020
2013 $1,688 $55,195 $14,245 $40,950
Source: Public Records

Agents Affiliated with this Home

  • Kareem Amr

    Seller's Agent in 2022

    Kareem Amr

    Roby Realty

    (734) 536-8052

    2 in this area

    13 Total Sales

    Kareem Amr
    Section Image

  • L

    Buyer's Agent in 2022

    Lauren Westfall

    Keller Williams Excel Realty

    Section Image
  • Lauren Lucas

    Seller's Agent in 2020

    Lauren Lucas

    KW Classic Properties Realty

    (330) 646-2033

    4 in this area

    301 Total Sales

    Lauren Lucas
    Section Image
  • Jordan Jenkins

    Seller Co-Listing Agent in 2020

    Jordan Jenkins

    KW Classic Properties Realty

    (304) 615-8627

    4 in this area

    21 Total Sales

    Jordan Jenkins
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222034066

Columbus and Central Ohio Regional MLS

APN: 010-031680

Ohio Franklin County Columbus 43201 Italian Village

45 E 1st Ave Unit 47, Columbus, OH

Not Listed for Sale

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