NOT LISTED FOR SALE

552 E Cecil St Unit 554 Springfield, OH 45503

Estimated Value: $151,000 - $210,000

4 Beds
2 Baths
2,836 Sq Ft
$60/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $180,000 $63 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,043/month

3 Days on Market

About This Home

As of April 2024

Welcome to a remarkable property opportunity in the heart of Springfield Ohio! This spacious property, boasting a total area of 2368 square feet, presents an enticing prospect for both investors and owner-occupiers alike. This property offers the perfect blend of comfortable living and income generation. Each side of the property comes complete with two bedrooms, one bath, and full basements, offering ample storage or additional living space. With separate entrances for each unit, tenants can enjoy privacy and independence while contributing to your investment returns. For owner-occupiers, this setup presents a unique opportunity for house hacking, allowing you to live in one unit while renting out the other—a savvy financial strategy that helps offset mortgage expenses.

Last Agent to Sell the Property

Arthur Solomon

Coldwell Banker Heritage License #2014003166 Listed on: 03/14/2024

Coldwell Banker Heritage

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Detached Garage

Home Design

  • 2,836 Sq Ft Home
  • Duplex
  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3400700035209013

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2023
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Co List Office Phone: 937-429-4500
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 66.96
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2836.0
  • Miscellaneous Basement2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features 2 Car Garage2: Yes
  • Parking Features Detached Garage2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: SPRINGFIELD CSD 1206 CLA CO.

Lot Info

  • Parcel Number: 3400700035209013
  • Lot Size Sq Ft: 5227.2

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 14448.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Apr 15, 2024
Sold by
Simon Inv Properties Llc
Bought by
Serrano Hector
Seller's Agent
Arthur Solomon
Coldwell Banker Heritage
Buyer's Agent
NON MEMBER
NON MEMBER OFFICE
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%
Views
40
Current Estimated Value
$171,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,768
Avg. Annual Appreciation
-2.89%

Purchase Details

Closed on
Aug 23, 2023
Sold by
Wilson Thomas R and Wilson Patricia A
Bought by
Simon Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1995
Sold by
Vinson Jerome S
Bought by
Wilson Thomas R and Wilson Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
9.12%
Mortgage Type
VA

Purchase Details

Closed on
Apr 27, 1990
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
Serrano Hector $180,000 Ohio Real Estate Title
Serrano Hector $180,000 Ohio Real Estate Title
Simon Investment Properties Llc $12,000 Ohio Real Estate Title
Simon Inv Properties Llc $12,000 Ohio Real Estate Title
Wilson Thomas R $69,900 --
-- $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simon Inv Properties Llc $86,000
Previous Owner Wilson Thomas R $71,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2024 04/16/24 Sold $180,000 -5.2% $63 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $189,900 -- $67 / 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 $1,747 $42,620 $5,330 $37,290
2023 $14,448 $42,620 $5,330 $37,290
2022 $23,331 $42,620 $5,330 $37,290
2021 $1,339 $33,800 $3,840 $29,960
2020 $1,342 $33,800 $3,840 $29,960
2019 $1,346 $33,800 $3,840 $29,960
2018 $1,119 $28,750 $3,280 $25,470
2017 $1,118 $28,753 $3,280 $25,473
2016 $1,119 $28,753 $3,280 $25,473
2015 $1,141 $28,753 $3,280 $25,473
2014 $1,136 $28,753 $3,280 $25,473
2013 $1,124 $28,753 $3,280 $25,473
Source: Public Records

Agents Affiliated with this Home

  • Arthur Solomon

    Seller's Agent in 2024

    Arthur Solomon

    Coldwell Banker Heritage

    (937) 631-5562

    226 in this area

    413 Total Sales

    Arthur Solomon
    Section Image

  • N

    Buyer's Agent in 2024

    NON MEMBER

    NON MEMBER OFFICE

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224007490

Columbus and Central Ohio Regional MLS

APN: 34-00700-03520-9013

Ohio Clark County Springfield 45503

552 E Cecil St Unit 554, Springfield, OH

Not Listed for Sale

MultiFamily

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