NOT LISTED FOR SALE

503 Spink St Wooster, OH 44691

Estimated Value: $149,000 - $166,989

4 Beds
3 Baths
1,792 Sq Ft
$88/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $150,000 $84 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $954/month

101 Days on Market

About This Home

As of December 2023

100% occupied income-producing triplex in downtown Wooster. This property was recently purchased, renovated and is now grossing over $2,000 per month. The front lower unit is 1 bedroom/1 bath and shows well. The upper unit is a 2 bedroom/1 bath, and the back unit is an efficiency apartment. Large parking area and backyard. Schedule your private showing today.

Last Agent to Sell the Property

Lauren Mingay

RE/MAX Showcase Brokerage Email: lauren@mingayteam.com (330) 464-7520 License #2006002318 Listed on: 08/09/2023

RE/MAX Showcase

Last Buyer's Agent

Scott Davis

Cutler Real Estate License #2016005028

Cutler Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1900

Lot Details

  • 0.25

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,792 Sq Ft Home
  • 2-Story Property
  • City Views
  • Unfinished Basement
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 0.25 Acre Lot
  • City Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, heat, sewer, trash collection, water
  • Assessor Parcel Number 65-01502-000

Community Details

Overview

  • 3 Units
  • David Clarks Subdivision

Additional Features

  • No Laundry Facilities
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,580

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1900
  • Attribution Contact: lauren@mingayteam.com (330) 464-7520
  • ResoLotFeatures: City Lot
  • Reso View: City
  • Subdivision Name: David Clarks
  • Above Grade Finished Sq Ft: 1792.0
  • Reso Accessibility Features: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.2521
  • View: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Unpaved

Utilities

  • LaundryFeatures: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Wooster City - 8510

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 65-01502-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other
  • Tenant Pays: Cable TV, Electricity, Gas, Heat, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 2075.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1580.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Dec 22, 2023
Sold by
A & R Kunkel Properties Llc
Bought by
Benadamer Ltd
Seller's Agent
Lauren Mingay
RE/MAX Showcase
Buyer's Agent
Scott Davis
Cutler Real Estate
List Price
$215,000
Sold Price
$150,000
Premium/Discount to List
-$65,000
-30.23%
Views
112
Current Estimated Value
$158,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,247
Avg. Annual Appreciation
2.94%
Original Mortgage
$112,500
Outstanding Balance
$107,956
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$50,291

Purchase Details

Listed on
Mar 22, 2022
Closed on
May 10, 2022
Sold by
Kunkel and Raegan
Bought by
A & R Kunkel Properties Llc
Buyer's Agent
OUT OF BOARD AAGENT
Out Of Board Offices
List Price
$104,900
Sold Price
$105,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.19%

Purchase Details

Closed on
Jul 21, 2020
Sold by
Funk Jana J and Funk Jeffrey R
Bought by
Jj Funk Rentals Llc

Purchase Details

Closed on
Jan 13, 2020
Sold by
Jivan Wesley S
Bought by
Funk Jeffrey R and Funk Jana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 11, 2019
Closed on
Apr 8, 2019
Sold by
Jdezg Llc
Bought by
Jivan Wesley S
Seller's Agent
Mike Bomboris
RE/MAX Showcase
Buyer's Agent
Robert Andrews
RE/MAX Crossroads Properties
List Price
$45,000
Sold Price
$28,500
Premium/Discount to List
-$16,500
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.92%

Purchase Details

Closed on
Dec 30, 2013
Sold by
Gasser Jonathan E and Gasser Diana K
Bought by
Jdezg Llc

Purchase Details

Closed on
Mar 29, 2010
Sold by
Us Bank National Association As Trust
Bought by
Gasser Jonathan E

Purchase Details

Closed on
Mar 8, 2010
Sold by
Us Bank National Association As Trust
Bought by
Gasser Jonathan E

Purchase Details

Closed on
Oct 16, 2009
Sold by
Wunstell Paul A and Wunstell Danielle M
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 14, 2006
Sold by
Icarus Investments Llc
Bought by
Wunstell Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 25, 2006
Sold by
Deutsche Bank National Trust Company
Bought by
Icarus Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,750
Interest Rate
6.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 26, 2001
Sold by
Gray William S
Bought by
Miller John H and Miller Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
7.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 1990
Sold by
Tufts Allan M and Tufts Eileen
Bought by
Gray William Scott
Source: Public Records

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
Benadamer Ltd $150,000 None Listed On Document
A & R Kunkel Properties Llc -- Southern Title
A & R Kunkel Properties Llc -- Southern Title
Jj Funk Rentals Llc -- None Available
Funk Jeffrey R $62,000 Castle Real Estate Title Llc
Jivan Wesley S $28,500 None Available
Jdezg Llc -- Attorney
Gasser Jonathan E -- --
Gasser Jonathan E -- --
Us Bank National Association $30,000 None Available
Wunstell Paul A $88,000 Vta Title Agency Inc
Icarus Investments Llc $45,000 Resource Title Agency
Miller John H $55,000 --
Gray William Scott $28,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benadamer Ltd $112,500
Closed Benadamer Ltd $40,000
Previous Owner Funk Jeffrey R $49,600
Previous Owner Wunstell Paul A $88,000
Previous Owner Icarus Investments Llc $69,750
Previous Owner Miller John H $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $150,000 -18.9% $84 / Sq Ft
11/18/2023 11/18/23 Pending -- -- --
10/19/2023 10/19/23 Price Changed $185,000 -7.5% $103 / Sq Ft
09/05/2023 09/05/23 Price Changed $200,000 -7.0% $112 / Sq Ft
08/09/2023 08/09/23 For Sale $215,000 +104.8% $120 / Sq Ft
04/08/2022 04/08/22 Sold $105,000 +0.1% $59 / Sq Ft View Prior Sale
03/25/2022 03/25/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $104,900 +268.1% $59 / Sq Ft
04/10/2019 04/10/19 Sold $28,500 -36.7% $16 / Sq Ft View Prior Sale
03/14/2019 03/14/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $45,000 -- $25 / Sq Ft
Source: MLS Now

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 $1,492 $35,100 $8,810 $26,290
2023 $1,492 $35,100 $8,810 $26,290
2022 $1,587 $29,690 $6,940 $22,750
2021 $1,635 $29,690 $6,940 $22,750
2020 $1,489 $28,460 $6,940 $21,520
2019 $1,098 $20,100 $6,820 $13,280
2018 $1,101 $20,100 $6,820 $13,280
2017 $1,110 $20,100 $6,820 $13,280
2016 $1,145 $19,320 $6,560 $12,760
2015 $1,125 $19,320 $6,560 $12,760
2014 $1,156 $19,850 $6,560 $13,290
2013 $1,319 $20,400 $6,910 $13,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4481009

MLS Now

APN: 65-01502-000