NOT LISTED FOR SALE

506 Grand Ave Ada, OH 45810

Ada Area

Estimated Value: $136,000 - $227,846

4 Beds
2 Baths
2,046 Sq Ft
$87/Sq Ft Est. Value

Sale Details

Date Sold: May 19, 2023

Last sale price $150,000 $73 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,098 / mo

88 Days on Market

About This Home

As of May 2023

What a great opportunity for owner occupant! Steps away from Ada High School and Ohio Northern University, this wonderful Duplex has 2 bedrooms and 1 bathroom per unit. This is a great opportunity to either live in one side and rent the other or purchase as a sole investment and collect the cashflow. Upstairs unit on 12 month $750/m lease ending Oct 2023 and downstairs larger unit M2M at $850/m. $1,600/m in total. Both units have been updated over the past few years with new flooring, paint, a new roof, and updated/maintained mechanicals. Oversized 2 car garage. Please do not disturb tenants. Don't miss out! Call Jared Myers at 419-203-6910.

Last Agent to Sell the Property

Jared Myers

Berkshire Hathaway HS Pro Rlty License #2016002143 Listed on: 04/05/2023

Berkshire Hathaway HS Pro Rlty

Last Buyer's Agent

Jaiden Johnston

Ashmont Realty Ltd.

Ashmont Realty Ltd.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,176

Year Built

  • Built in 1989

Lot Details

  • 5,663

Home Design

  • 2,046 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • 6 Car Garage
  • Off-Street Parking: 1

Additional Features

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

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 25-130035.0000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Operating Expense $1,200
  • Gross Income $19,200
  • Net Operating Income $17,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,176

Year Built

Built in 1989

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1989
  • Tax Year: 2022
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.13
  • Total Gross Income: 19200.0
  • Co List Office Phone: 614-499-5406
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 78.15
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 19200.0
  • Annual Expenses: 1200.0
  • General Property Info Building Sq Ft: 2046.0
  • General Property Info # of Buildings: 1.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Features 2 Car Garage2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: ADA EVSD 3301 HAR CO.

Lot Info

  • Parcel Number: 25-130035.0000
  • Lot Size Sq Ft: 5662.8

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 800.0
  • Net Operating Income: 17280.0
  • Annual Operating Expense: 1200.0

Tax Info

  • Tax Annual Amount: 1176.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 19, 2023
Sold by
Bought by
Seller's Agent
Jared Myers
Berkshire Hathaway HS Pro Rlty
Buyer's Agent
Jaiden Johnston
Ashmont Realty Ltd.
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Views
17
Current Estimated Value
$178,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,462
Avg. Annual Appreciation
5.47%
Original Mortgage
$112,500
Outstanding Balance
$108,263
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$70,199

Purchase Details

Closed on
May 12, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,448
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2003
Bought by

Purchase Details

Closed on
Jan 27, 2003
Bought by

Purchase Details

Closed on
Sep 1, 1989
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 None Listed On Document
-- None Available
$85,000 None Available
$71,000 Marion Title Agency
$38,000 --
-- --
$13,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $112,500
Previous Owner $655,000
Previous Owner $59,500
Previous Owner $72,448
Previous Owner $261,500
Previous Owner $2,172,339
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $150,000 -6.2% $73 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $159,900 0.0% $78 / Sq Ft
04/05/2023 04/05/23 Price Changed $159,900 -3.0% $78 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
02/15/2023 02/15/23 Price Changed $164,900 -5.7% $81 / Sq Ft
02/02/2023 02/02/23 For Sale $174,900 -- $85 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,432 $35,310 $1,980 $33,330
2024 $1,422 $35,310 $1,980 $33,330
2023 $1,422 $35,310 $1,980 $33,330
2022 $1,203 $25,980 $1,910 $24,070
2021 $1,320 $25,980 $1,910 $24,070
2020 $1,337 $25,980 $1,910 $24,070
2019 $1,201 $23,530 $1,820 $21,710
2018 $1,176 $23,530 $1,820 $21,710
2017 $1,113 $23,530 $1,820 $21,710
2016 $1,075 $23,070 $1,770 $21,300
2015 $1,008 $23,070 $1,770 $21,300
2014 $1,032 $23,070 $1,770 $21,300
2013 $594 $24,330 $1,770 $22,560
Source: Public Records

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223002764

Columbus and Central Ohio Regional MLS

APN: 25-130035.0000

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