$740,000
SOLD DEC 30, 2019

497 E Sycamore St Columbus, OH 43206

Schumacher Place Neighborhood
-- Bed
-- Bath
3,640 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

1% Below List Price

25 Days on Market

About This Home

As of December 2019

Value Add Apartment Complex in German Village Area. No better location in one of the most desirable and affluent sub-markets in Columbus. It represents an excellent buying opportunity for an investor to acquire a well-maintained asset with additional upside potential in rental income.
The property consists of five two-bedroom/one-bathroom townhouse units with in-unit washers/dryers and off-street parking.
The property has had major upgrades throughout the last year including a brand new roof, paint, and tons of new interior updates to the units. All units were recently updated with new fixtures, carpet, tile, countertops and some cabinetry/appliances.
Could be a great opportunity for an AirBnB.

Last Agent to Sell the Property

Jonathan Styer

ROOST Real Estate Co. Listed on: 10/19/2019

Co-Listed By

Helen Nilsson

ROOST Real Estate Co.

Last Buyer's Agent

Priyanshu Adathakkar

Red 1 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,477

Year Built

  • Built in 1975

Home Design

  • 3,640 Sq Ft Home
  • Brick Exterior Construction
  • Stucco

Parking

  • Off-Street Parking: 1
  • Assigned Parking

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-027091

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $19,242
  • Gross Income $64,140
  • Net Operating Income $44,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,477

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1975
  • Tax Year: 2019
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.13
  • Total Gross Income: 64140.0
  • Co List Office Mls Id: 10892
  • Co List Office Phone: 614-505-5771
  • Co List Office Phone: 614-505-5771
  • MLS Status: Closed
  • Subdivision Name: Schumacher Place
  • Income Expenses Gross Income: 64140.0
  • Annual Expenses: 19242.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3640.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Trash2: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Garage/Parking

  • Parking Features Assigned2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-027091
  • Lot Size Sq Ft: 5662.8

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 44898.0
  • Annual Operating Expense: 19242.0

Tax Info

  • Tax Annual Amount: 8477.0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market -- -- --
01/25/2025 01/25/25 For Rent -- -- --
12/30/2019 12/30/19 Sold $740,000 -1.3% $203 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $749,900 +48.5% $206 / Sq Ft
08/10/2018 08/10/18 Sold $505,000 -3.8% $139 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
06/30/2018 06/30/18 For Sale $524,900 -- $144 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jonathan Styer

    ROOST Real Estate Co.

  • H

    Seller Co-Listing Agent in 2019

    Helen Nilsson

    ROOST Real Estate Co.

  • P

    Buyer's Agent in 2019

    Priyanshu Adathakkar

    Red 1 Realty

  • G

    Seller's Agent in 2018

    Greg Skinner

    VIP Realty, Inc.

    Section Image
  • Don Payne

    Buyer's Agent in 2018

    Don Payne

    Vision Realty, Inc.

    (614) 323-4348

    434 Total Sales

    Don Payne
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219039753

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43206 Schumacher Place

497 E Sycamore St, Columbus, OH

This home is located at 497 E Sycamore St, Columbus, OH 43206 and is currently priced at $740,000, approximately $203 per square foot. This property was built in 1975. 497 E Sycamore St is a home located in Franklin County with nearby schools including Siebert Elementary School, South High School, and South Columbus Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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