NOT LISTED FOR SALE

508 E Monroe St Sandusky, OH 44870

Estimated Value: $157,000 - $195,000

3 Beds
2 Baths
2,248 Sq Ft
$76/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $210,000 $93 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $966/month

119 Days on Market

Highlights

  • 2 Car Garage
  • Heating System Uses Natural Gas
  • 3-minute walk to Huron Park

About This Home

As of March 2024

Step into an incredible investment opportunity! This property showcases not one, not two, but four units, each brimming with exciting income potential. Nestled just a stone's throw away from the vibrant Downtown Sandusky scene, it's a prime location. Shared driveway featuring recorded easements, ensuring seamless access for all. The garage is an exclusive perk for the owner, doubling as a storage haven. This property is a canvas of possibilities for savvy investors and entrepreneurs. A 24-hour notice for showings is required since its tenant occupied. Grab this golden opportunity now! Includes 2 parcels:57-05022.000 &57-05024.000.

Last Agent to Sell the Property

Linda Armstrong

RE/MAX Quality Realty - Sandus License #325991 Listed on: 11/10/2023

RE/MAX Quality Realty - Sandus

Co-Listed By

Default zSystem

zSystem Default

Last Buyer's Agent

Paul Molnar

Century 21 HomeStar License #2023002664

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,182

Year Built

  • Built in 1909

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,248 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Kitchen

  • Range
  • Microwave

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5705022.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,182

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1
  • NAV29_Unit_1_Appliances: Microwave, Range, Refrigerator
  • MLS Status: Sold
  • ResoBuildingAreaSource: Public Records
  • Carport Y N: No
  • Unit Levels: Two
  • Living Area: 2248
  • Year Built: 1909
  • Tax Year: 2022
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Hot Water
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Size Sq Ft: 4356
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5705022.000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1182.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Mar 11, 2024
Sold by
True Hospitality Management Llc
Bought by
Loomis Patrick and Loomis Leigh Ann
Seller's Agent
Linda Armstrong
RE/MAX Quality Realty - Sandus
Buyer's Agent
Paul Molnar
Century 21 HomeStar
List Price
$199,900
Sold Price
$210,000
Premium/Discount to List
$10,100
5.05%
Current Estimated Value
$171,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,713
Avg. Annual Appreciation
-10.65%

Purchase Details

Closed on
May 10, 2021
Sold by
Brown Jodi R
Bought by
True Hospitality Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 30, 2017
Sold by
Brown Jodi R
Bought by
Gutschalk Properties Llc

Purchase Details

Closed on
Oct 12, 2011
Sold by
North Bay Real Estate Inc
Bought by
Ccb Sandusky Llc

Purchase Details

Closed on
Mar 13, 1998
Sold by
Viviano Beatrice
Bought by
North Bay Management

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.23%
Mortgage Type
New Conventional
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
Loomis Patrick $210,000 None Listed On Document
True Hospitality Management Llc $75,000 Hartung Title
Gutschalk Properties Llc $65,000 None Available
Ccb Sandusky Llc -- Attorney
North Bay Management $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner True Hospitality Management Llc $56,250
Previous Owner North Bay Management $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2024 03/11/24 Sold $210,000 +5.1% $93 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
11/10/2023 11/10/23 For Sale $199,900 -- $89 / Sq Ft
Source: Firelands Association 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 $846 $21,486 $2,478 $19,008
2023 $846 $14,594 $1,935 $12,659
2022 $777 $14,598 $1,935 $12,663
2021 $747 $14,600 $1,940 $12,660
2020 $774 $13,910 $1,940 $11,970
2019 $796 $13,910 $1,940 $11,970
2018 $1,040 $13,910 $1,940 $11,970
2017 $1,079 $14,370 $2,010 $12,360
2016 $1,089 $14,370 $2,010 $12,360
2015 $1,022 $14,370 $2,010 $12,360
2014 $983 $13,500 $2,010 $11,490
2013 $987 $15,740 $2,010 $13,730
Source: Public Records

Agents Affiliated with this Home

  • Linda Armstrong

    Seller's Agent in 2024

    Linda Armstrong

    RE/MAX Quality Realty - Sandus

    (419) 627-9914

    127 in this area

    280 Total Sales

    Linda Armstrong
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Default zSystem

    zSystem Default

  • P

    Buyer's Agent in 2024

    Paul Molnar

    Century 21 HomeStar

    (866) 212-4991

    4 in this area

    5 Total Sales

    Paul Molnar
    Section Image
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Map

Source: Firelands Association of REALTORS®

MLS Number: 20235910

APN: 57-05022-000

Ohio Erie County Sandusky 44870

508 E Monroe St, Sandusky, OH

Not Listed for Sale

MultiFamily

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