NOT LISTED FOR SALE

561 W Main St Newark, OH 43055

Estimated Value: $128,000 - $160,683

3 Beds
2 Baths
1,793 Sq Ft
$80/Sq Ft Est. Value

Last Sold June 05, 2019

Last sale price $65,000 $36 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $910/month

9 Days on Market

About This Home

As of June 2019

Downstairs has new furnace and upstairs unit was rebuilt last year.
flooring updates

Upstairs rents for $600, downstairs rents for $650 Tenants pay utilities and landlord pays trash

Upstairs rented and , downstairs soon to be to vacant
Please allow 24 hour notice to show, tenants rights apply

Agents related to sellers

Last Agent to Sell the Property

Rhonda Lampton

RE/MAX Revealty License #2015001872 Listed on: 05/06/2019

RE/MAX Revealty

Co-Listed By

Dylan Ruby

RE/MAX Revealty License #2015002301

Last Buyer's Agent

Jenna Scales

Keller Williams Excel Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • 1,793 Sq Ft Home
  • Duplex
  • Frame Construction

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 054-225096-00.000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $811
  • Gross Income $7,874
  • Net Operating Income $7,039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2018
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.23
  • Total Gross Income: 7874.0
  • Co List Office Mls Id: 10257
  • Co List Office Phone: 614-505-7438
  • Co List Office Phone: 614-505-7438
  • MLS Status: Closed
  • Income Expenses Gross Income: 7874.0
  • Annual Expenses: 811.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1793.0
  • Air Conditioning None3: Yes
  • Owner Pays Trash2: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-225096-00.000
  • Lot Size Sq Ft: 10018.8

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 7039.0
  • Annual Operating Expense: 811.0

Tax Info

  • Tax Annual Amount: 818.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
May 30, 2019
Sold by
Smith Daniel D and Smith Judith K
Bought by
Asb Property Group Llc
Seller's Agent
Rhonda Lampton
RE/MAX Revealty
Buyer's Agent
Jenna Scales
Keller Williams Excel Realty
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$147,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,595
Avg. Annual Appreciation
16.34%
Original Mortgage
$58,000
Interest Rate
4.1%
Mortgage Type
Construction
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
Asb Property Group Llc $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asb Property Group Llc $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2019 06/05/19 Sold $65,000 -7.0% $36 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
05/04/2019 05/04/19 For Sale $69,900 -- $39 / 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 $1,526 $41,590 $8,930 $32,660
2023 $1,600 $41,590 $8,930 $32,660
2022 $938 $22,720 $8,440 $14,280
2021 $983 $22,720 $8,440 $14,280
2020 $1,006 $22,720 $8,440 $14,280
2019 $817 $17,750 $6,480 $11,270
2018 $818 $0 $0 $0
2017 $783 $0 $0 $0
2016 $915 $0 $0 $0
2015 $935 $0 $0 $0
2014 $1,165 $0 $0 $0
2013 $987 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Lampton

    Seller's Agent in 2019

    Rhonda Lampton

    RE/MAX

    (740) 624-8887

    3 in this area

    61 Total Sales

    Rhonda Lampton
    Section Image
  • Dylan Ruby

    Seller Co-Listing Agent in 2019

    Dylan Ruby

    RE/MAX

    (740) 624-8856

    3 in this area

    54 Total Sales

    Dylan Ruby
    Section Image

  • J

    Buyer's Agent in 2019

    Jenna Scales

    Keller Williams Excel Realty

  • Jenna Andrews

    Buyer's Agent in 2019

    Jenna Andrews

    Plum Tree Realty

    (614) 424-1289

    4 in this area

    166 Total Sales

    Jenna Andrews
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219015049

Columbus and Central Ohio Regional MLS

APN: 054-225096-00.000

Ohio Licking County Newark 43055

561 W Main St, Newark, OH

This home is located at 561 W Main St, Newark, OH 43055 since 06 May 2019 and is currently estimated at $142,921, approximately $79 per square foot. This property was built in 1900. 561 W Main St is a home located in Licking County with nearby schools including Mcguffey Elementary School, Wilson Middle School, and Newark High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.

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