NOT LISTED FOR SALE

Estimated Value: $358,212 - $406,000

6 Beds
4 Baths
2,428 Sq Ft
$155/Sq Ft Est. Value

Last Sold March 14, 2016

Last sale price $153,000 $63 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $2,596/month

187 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Lincoln High School Rated A-
  • Garage

About This Home

As of March 2016

This nicely renovated double, currently occupied on both sides, is conveniently located near the Airport, Goshen Elementary School and downtown Gahanna. It is very spacious on the inside and has a divided, fenced yard as well as attached 1 car garages for each unit. This is a great investment opportunity with great cash flow.

Last Listed By

Richard Russo

Art Russo, REALTORS Listed on: 12/09/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,841

Home Design

  • 2,428 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Stucco

Parking

  • Garage
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 7,841 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 025-003751

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $397,900
  • Gross Income $20,340
  • Net Operating Income $16,361

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1970
  • Tax Year: 2013
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.18
  • Total Gross Income: 20340.0
  • Co List Office Mls Id: 07870
  • Co List Office Phone: 614-236-1178
  • Co List Office Phone: 614-236-1178
  • MLS Status: Closed
  • Income Expenses Gross Income: 20340.0
  • Annual Expenses: 397900.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2428.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Miscellaneous Garages: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Stucco2: Yes
  • Construction:Brick2: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: GAHANNA JEFFERSON CSD 2506 FRA CO.

Lot Info

  • Parcel Number: 025-003751
  • Lot Size Sq Ft: 7840.8

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 16361.0
  • Annual Operating Expense: 397900.0

Tax Info

  • Tax Annual Amount: 3953.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2015
Closed on
Feb 29, 2016
Sold by
Shrewsbury Jason M
Bought by
Ivanovski Llc
Seller's Agent
Richard Russo
Art Russo, REALTORS
Buyer's Agent
Richard Russo
Art Russo, REALTORS
List Price
$167,500
Sold Price
$153,000
Premium/Discount to List
-$14,500
-8.66%
Total Days on Market
187
Current Estimated Value
$376,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,303
Avg. Annual Appreciation
9.84%

Purchase Details

Closed on
Apr 26, 2010
Sold by
Yp Properties Llc
Bought by
Shrewsbury Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,528
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2008
Sold by
Paine Gregory S and Paine Marcie
Bought by
Yp Properties Llc

Purchase Details

Closed on
May 18, 2007
Sold by
In His Grip Property Management Llc
Bought by
Paine Gregory S and Yaffe Steven W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2003
Sold by
Ellington Kris M and Ellington Paul L
Bought by
In His Grip Property Management Llc

Purchase Details

Closed on
Jun 25, 2003
Sold by
Schoedinger Lesley M and Lippard Kathy L
Bought by
Ellington Paul L and Ellington Kris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2003
Sold by
Estate Of Helen M Kramer
Bought by
Ellington Kris M and Lippard Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 1972
Bought by
Kramer Helen M

Purchase Details

Closed on
Mar 1, 1971

Range of Values:

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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
Ivanovski Llc $51,000 --
Shrewsbury Jason M $150,300 Foundation
Yp Properties Llc -- Hummel Titl
Paine Gregory S $146,000 Valmer Land
In His Grip Property Management Llc -- --
In His Grip Property Management Llc -- --
Ellington Paul L $113,000 --
Ellington Kris M -- --
Kramer Helen M -- --
-- $42,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shrewsbury Jason M $147,528
Previous Owner Paine Gregory S $109,500
Previous Owner Ellington Paul L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2016 03/14/16 Sold $153,000 -8.7% $63 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
07/10/2015 07/10/15 For Sale $167,500 -- $69 / 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 $5,865 $97,580 $17,850 $79,730
2023 $5,792 $97,580 $17,850 $79,730
2022 $5,607 $73,570 $11,060 $62,510
2021 $5,427 $73,570 $11,060 $62,510
2020 $5,384 $73,570 $11,060 $62,510
2019 $4,511 $61,320 $9,240 $52,080
2018 $4,218 $61,320 $9,240 $52,080
2017 $4,145 $61,320 $9,240 $52,080
2016 $4,007 $54,640 $10,010 $44,630
2015 $4,010 $54,640 $10,010 $44,630
2014 $3,979 $54,640 $10,010 $44,630
2013 $2,217 $54,635 $10,010 $44,625
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 215024624

Columbus and Central Ohio Regional MLS

APN: 025-003751