NOT LISTED FOR SALE

505 Logan Rd Mansfield, OH 44907

Estimated Value: $188,000 - $234,904

4 Beds
2 Baths
1,764 Sq Ft
$121/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $155,000 $88 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,306/month

18 Days on Market

Highlights

  • 1 Car Attached Garage
  • 1-Story Property
  • Forced Air Heating System
  • Brick or Stone Mason

About This Home

As of August 2023

Just In Time For Your Next Investment or First One! 2 unit brick ranch with long term tenants. 2 bedroom 1 bath. Utilities are separate and paid by tenants.

Last Agent to Sell the Property

Justin Gerwig

RE/MAX First Realty Brokerage Phone: 4195246283 Listed on: 07/12/2023

RE/MAX First Realty

Last Buyer's Agent

Out of Board Agent

RE/MAX First Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 106 x 125

Parking

  • 1 Car Attached Garage
  • Open Parking

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,764 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $19,800
  • Tenant pays for gas, water, electricity, trash collection, sewer
  • Tax Lot 17974 106.75 X 125
  • Assessor Parcel Number 0589322114000

Community Details

Overview

  • 2 Units

Building Details

  • New Taxes Expense $1,111
  • Gross Income $1,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3185
  • Lot Size: 106 x 125
  • Directions: South Main Street from Downtown Mansfield, turn right onto Logan Rd. Property is on the right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built: 1963
  • Attribution Contact: 4195246283
  • NAV43_Flood_Plain: No
  • NAV43_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Unit 1 Range, Unit 2 Range, Unit 1 Refrigerator, Unit 2 Refrigerator
  • Owner Pays: None
  • Has Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Living Area: 1764

Exterior Features

  • Disclosures: Lead Based Paint Disclosure
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Attached, 1 Car, Concrete, Other
  • Total Parking Spaces: 1

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Madison Local School District

Lot Info

  • Lot Size Sq Ft: 13873.86
  • Farm Land Area Units: Square Feet
  • Parcel #: 0589322114000

Rental Info

  • Lease Term: Unit 1 Lease Length(M2m),Unit 2 Lease Length(M2m),Unit 3 Lease Length(N/A),Unit 4 Lease Length(N/A)
  • Tenant Pays: Gas, Water, Electricity, Trash Collection, Sewer

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1650
  • Number Of Units Vacant: 7
  • Total Actual Rent: 19800

Tax Info

  • New Taxes Expense: 1111.27
  • Tax Lot: 17974 106.75 X 125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 18, 2023
Sold by
Mullins George Bryan
Bought by
Bethel Equity Holdings Llc
Seller's Agent
Justin Gerwig
RE/MAX First Realty
Buyer's Agent
Out of Board Agent
RE/MAX First Realty
List Price
$219,000
Sold Price
$155,000
Premium/Discount to List
-$64,000
-29.22%
Views
60
Current Estimated Value
$213,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,226
Avg. Annual Appreciation
13.96%
Original Mortgage
$80,000
Outstanding Balance
$78,177
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$135,049

Purchase Details

Closed on
Mar 26, 2004
Sold by
Cieslak Barbara
Bought by
Forrest Rosanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 1997
Sold by
Est Iona M Funston
Bought by
Cleslak Barbara A

Purchase Details

Closed on
Aug 2, 1993
Sold by
Janes Kenneth A
Bought by
Funston Eugene D

Purchase Details

Closed on
Mar 1, 1986
Source: Public Records
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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
Bethel Equity Holdings Llc $330,000 Chicago Title
Forrest Rosanne $151,000 Chicago Title
Cleslak Barbara A $91,000 --
Funston Eugene D $84,000 --
-- $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bethel Equity Holdings Llc $80,000
Previous Owner Forrest Rosanne $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2023 08/21/23 Sold $155,000 -29.2% $88 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $219,000 -- $124 / Sq Ft
Source: Ashland Board of REALTORS®

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 $2,380 $57,620 $11,760 $45,860
2023 $2,380 $57,620 $11,760 $45,860
2022 $2,223 $49,510 $10,600 $38,910
2021 $2,222 $49,510 $10,600 $38,910
2020 $2,244 $49,510 $10,600 $38,910
2019 $2,106 $41,950 $8,980 $32,970
2018 $2,052 $41,950 $8,980 $32,970
2017 $2,054 $41,950 $8,980 $32,970
2016 $2,098 $42,730 $8,720 $34,010
2015 $2,058 $42,730 $8,720 $34,010
2014 $2,050 $42,730 $8,720 $34,010
2012 $991 $44,040 $8,980 $35,060
Source: Public Records

Agents Affiliated with this Home

  • Justin Gerwig

    Seller's Agent in 2023

    Justin Gerwig

    RE/MAX First Realty

    (419) 564-2630

    46 in this area

    140 Total Sales

    Justin Gerwig
    Section Image

  • O

    Buyer's Agent in 2023

    Out of Board Agent

    RE/MAX First Realty

See All Agents

Map

Source: Ashland Board of REALTORS®

MLS Number: 226076

APN: 058-93-221-14-000

Ohio Richland County Mansfield 44904

505 Logan Rd, Mansfield, OH

Not Listed for Sale

MultiFamily

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