NOT LISTED FOR SALE

503 Elsmere St Unit 505 Columbus, OH 43206

Schumacher Place Neighborhood

Estimated Value: $376,761 - $591,000

4 Beds
2 Baths
1,960 Sq Ft
$239/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $340,000 $173 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,900/month

95 Days on Market

About This Home

As of February 2019

Beautifully renovated upstairs/downstairs duplex on quiet street in Schumacher Place!

The exterior was recently updated with new vinyl siding, stone, and storm doors in July of 2018. Also, enjoy some private green space in the fenced in back yard. The rear of the building also offers 2 off-street parking spots!

Interior has desirable open floor plan in living room and kitchen areas with french doors leading into office/sitting room with new laminate flooring. Bathrooms include ceramic tile and build in storage. Bedrooms offer large closets and tons of natural light!

Be close to German Village, Downtown, and the exciting new Public East Development which will be opening soon with restaurants and Parsons Avenue's own brewery!

Last Agent to Sell the Property

Shaun Stiles

RZ Realty License #2016001065 Listed on: 10/12/2018

Last Buyer's Agent

Benjamin Vail

Vail Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,331

Year Built

  • Built in 1964

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 1,960 Sq Ft Home
  • Duplex

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 010-025092

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,981
  • Gross Income $25,200
  • Net Operating Income $21,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,331

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1964
  • Tax Year: 2017
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.06
  • Total Gross Income: 25200.0
  • Co List Office Phone: 614-486-7070
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 178.52
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 25200.0
  • Annual Expenses: 3981.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1960.0
  • Construction Block3: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-025092
  • Lot Size Sq Ft: 2613.6

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 21219.0
  • Annual Operating Expense: 3981.0

Tax Info

  • Tax Annual Amount: 3331.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2025
Sold by
Carter Charles
Bought by
505 Elsmere Llc
Current Estimated Value
$469,190

Purchase Details

Listed on
Oct 12, 2018
Closed on
Feb 13, 2019
Sold by
Burger Jacob R
Bought by
Carter Charles
Seller's Agent
Shaun Stiles
RZ Realty
Buyer's Agent
Benjamin Vail
Vail Realty
List Price
$399,900
Sold Price
$340,000
Premium/Discount to List
-$59,900
-14.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$272,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2004
Sold by
Ngo Theang S and Chen Hua X
Bought by
Burger Jacob R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
8.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1996
Sold by
Trudeau Assoc Ltd Ptns
Bought by
Ngo Theang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,800
Interest Rate
7.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1987

Purchase Details

Closed on
Sep 1, 1985
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
505 Elsmere Llc -- None Listed On Document
Carter Charles $340,000 Northwest Title
Burger Jacob R $98,000 Amerititle
Ngo Theang $41,200 --
-- $26,500 --
-- $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carter Charles $272,000
Previous Owner Burger Jacob R $93,100
Previous Owner Ngo Theang $28,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $340,000 -15.0% $173 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
10/12/2018 10/12/18 For Sale $399,900 -- $204 / 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 $5,058 $110,360 $40,570 $69,790
2023 $4,994 $110,360 $40,570 $69,790
2022 $5,708 $108,720 $26,360 $82,360
2021 $5,718 $108,720 $26,360 $82,360
2020 $5,726 $108,720 $26,360 $82,360
2019 $3,333 $54,260 $26,360 $27,900
2018 $2,786 $54,260 $26,360 $27,900
2017 $2,901 $54,260 $26,360 $27,900
2016 $2,470 $36,820 $14,490 $22,330
2015 $2,246 $36,820 $14,490 $22,330
2014 $2,251 $36,820 $14,490 $22,330
2013 $1,009 $33,460 $13,160 $20,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Shaun Stiles

    RZ Realty

    (740) 359-6206

    14 Total Sales

    Shaun Stiles
    Section Image

  • B

    Buyer's Agent in 2019

    Benjamin Vail

    Vail Realty

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218038588

Columbus and Central Ohio Regional MLS

APN: 010-025092

Ohio Franklin County Columbus 43206 Schumacher Place

503 Elsmere St Unit 505, Columbus, OH

Not Listed for Sale

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