NOT LISTED FOR SALE

576-578 Rhoads Ave Columbus, OH 43205

South of Main Neighborhood

Estimated Value: $157,000 - $273,000

4 Beds
2 Baths
1,584 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $129,000 $81 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,174/month

81 Days on Market

About This Home

As of July 2022

BUYER COULD NOT MAKE THE NUMBERS WORK, SO HUGE PRICE ADJUSTMENT, SELLER SAYS SELL.Great opportunity in fast appreciating ''South of Main'' neighborhood zip code 43205. Just about a 30 minute drive to new Intel Production Campus, see map in ''Documents''. Same owner since 1973, almost complete interior demo completed and ready for a total renovation. Each unit approx. 800 square feet plus full basements. Complete set of new insulated windows in storage will transfer to the Buyer for $1 at the completion/funding of the purchase. RPR Mini valuation reports under ''Documents'' tab, but please do your own research and form your own opinions of market value. OPERATING EXPENSES ARE JUST SELLER ESTIMATES. SALE IS AS IS.

Last Agent to Sell the Property

Kevin Moore

Coldwell Banker Realty License #2002006561 Listed on: 05/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Kevin Moore

Coldwell Banker Realty License #2002006561 Listed on: 05/03/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $356

Year Built

  • Built in 1941

Lot Details

  • 7,405

Parking

  • On-Street Parking

Home Design

  • 1,584 Sq Ft Home
  • Duplex
  • Frame Construction
  • Vinyl Siding

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 7,405 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-002351

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,200
  • Gross Income $24,000
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$356

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1941
  • Tax Year: 2021
  • Property Sub-Type: Twin Single
  • Lot Size Acres: 0.17
  • Total Gross Income: 24000.0
  • Co List Office Phone: 614-451-0808
  • MLS Status: Closed
  • Subdivision Name: SOUTH OF MAIN
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 24000.0
  • Annual Expenses: 7200.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1584.0
  • Miscellaneous Basement2: Yes
  • Air Conditioning None3: Yes
  • Miscellaneous WD Hookups: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Utilities

  • Sewer: Public Sewer
  • 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: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-002351
  • Lot Size Sq Ft: 7405.2

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 16800.0
  • Annual Operating Expense: 7200.0

Tax Info

  • Tax Annual Amount: 356.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Jul 6, 2022
Sold by
Franklin Jerome D
Bought by
Maha Properties Llc
Seller's Agent
Kevin Moore
Coldwell Banker Realty
Buyer's Agent
Kevin Moore
Coldwell Banker Realty
List Price
$199,000
Sold Price
$129,000
Premium/Discount to List
-$70,000
-35.18%
Total Days on Market
81
Current Estimated Value
$191,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,612
Avg. Annual Appreciation
14.67%
Original Mortgage
$176,006
Interest Rate
5.78%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 2, 1978
Bought by
Franklin Jerome D
Source: Public Records

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Range of Values:

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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
Maha Properties Llc $129,000 Golden Title
Franklin Jerome D $13,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Maha Properties Llc $176,006
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $129,000 0.0% $81 / Sq Ft
05/03/2022 05/03/22 Price Changed $129,000 -35.2% $81 / Sq Ft
05/03/2022 05/03/22 For Sale $199,000 +54.3% $126 / Sq Ft
04/19/2022 04/19/22 Off Market $129,000 -- --
04/14/2022 04/14/22 For Sale $199,000 +54.3% $126 / Sq Ft
04/11/2022 04/11/22 Off Market $129,000 -- --
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 $1,238 $26,010 $19,320 $6,690
2023 $1,223 $26,005 $19,320 $6,685
2022 $312 $5,880 $2,100 $3,780
2021 $356 $5,880 $2,100 $3,780
2020 $385 $5,880 $2,100 $3,780
2019 $347 $4,900 $1,750 $3,150
2018 $532 $4,900 $1,750 $3,150
2017 $564 $4,900 $1,750 $3,150
2016 $769 $10,510 $3,120 $7,390
2015 $705 $10,510 $3,120 $7,390
2014 $575 $9,280 $3,120 $6,160
2013 $363 $9,765 $3,290 $6,475
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kevin Moore

    Coldwell Banker Realty

    (614) 451-0808

    1 in this area

    28 Total Sales

    Kevin Moore
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222011095

Columbus and Central Ohio Regional MLS

APN: 010-002351

Ohio Franklin County Columbus 43205 South of Main

576-578 Rhoads Ave, Columbus, OH

This home is located at 576-578 Rhoads Ave, Columbus, OH 43205 since 03 May 2022 and is currently estimated at $191,612, approximately $120 per square foot. This property was built in 1941. 576-578 Rhoads Ave is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East High School.

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