NOT LISTED FOR SALE

47 S Williams St Newark, OH 43055

Estimated Value: $173,000 - $219,000

4 Beds
2 Baths
2,340 Sq Ft
$84/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $167,000 $71 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,359/month

4 Days on Market

About This Home

As of January 2023

Great opportunity! Nicely updated side-by-side duplex! Each unit includes 2 sizable bedrooms & a large bathroom on the second level and a living room, flex room, eat-in kitchen & laundry on the main level. Both sides have a fenced rear yard. Unit 51 has been completely updated with neutral colors, freshly painted walls, & trim, flooring and includes a rear deck & firepit. Brand new roof, siding, gutters & downspouts! Charming porch on each side. Convenient to stores, restaurants & Route 79 & 161/16.

Last Listed By

Hugh Price

Howard HannaRealEstateServices License #2002023153 Listed on: 11/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • 2,340 Sq Ft Home
  • Duplex
  • Frame Construction
  • Vinyl Siding

Parking

  • On-Street Parking
  • Off-Street Parking: 1

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 054-222462-00.000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1,928
  • Gross Income $16,800
  • Net Operating Income $14,871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,248

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.17
  • Total Gross Income: 16800.0
  • Co List Office Phone: 740-587-7319
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 16800.0
  • Annual Expenses: 1928.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2340.0
  • Miscellaneous Basement2: Yes
  • Owner Pays Trash2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-222462-00.000
  • Lot Size Sq Ft: 7405.2

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 14871.0
  • Annual Operating Expense: 1928.0

Tax Info

  • Tax Annual Amount: 1248.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Dec 29, 2022
Sold by
47-51 South Williams Street Llc
Bought by
Thorgramson Brad
Seller's Agent
Hugh Price
Howard HannaRealEstateServices
Buyer's Agent
Penny Smith
Howard Hanna Real Estate Svcs
List Price
$165,000
Sold Price
$167,000
Premium/Discount to List
$2,000
1.21%
Total Days on Market
4
Views
39
Current Estimated Value
$196,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,636
Avg. Annual Appreciation
7.10%
Original Mortgage
$125,250
Outstanding Balance
$121,962
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$74,674

Purchase Details

Closed on
Jan 1, 2019
Sold by
Mcdermott Matthew J and Hauss Mcdermott Amanda R
Bought by
47 51 South Williams Street Llc

Purchase Details

Closed on
Mar 4, 2013
Sold by
Gregmar Llc
Bought by
B G Property Solutions Llc

Purchase Details

Closed on
Apr 7, 2008
Sold by
B G Property Solutions Llc
Bought by
Gregmar Llc

Purchase Details

Closed on
Jan 8, 2008
Sold by
Frost Mildred and Frost William K
Bought by
Bg Property Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 1994
Sold by
Bush Ronald L
Bought by
Frost William K and Frost Mildred E

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
Thorgramson Brad $167,000 --
47 51 South Williams Street Llc -- None Available
B G Property Solutions Llc -- None Available
Gregmar Llc -- None Available
Bg Property Solutions Llc $73,000 Kent
Frost William K $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thorgramson Brad $125,250
Previous Owner Bg Property Solutions Llc $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2023 01/09/23 Sold $167,000 +1.2% $71 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/15/2022 11/15/22 For Sale $165,000 +153.8% $71 / Sq Ft
05/19/2016 05/19/16 Sold $65,000 -18.6% $28 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $79,900 -- $34 / 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 $3,096 $58,000 $10,430 $47,570
2023 $2,124 $58,000 $10,430 $47,570
2022 $1,190 $28,880 $6,270 $22,610
2021 $1,248 $28,880 $6,270 $22,610
2020 $1,277 $28,880 $6,270 $22,610
2019 $1,040 $22,620 $5,220 $17,400
2018 $1,040 $0 $0 $0
2017 $1,080 $0 $0 $0
2016 $1,442 $0 $0 $0
2015 $1,163 $0 $0 $0
2014 -- $0 $0 $0
2013 $1,105 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222042176

Columbus and Central Ohio Regional MLS

APN: 054-222462-00.000