NOT LISTED FOR SALE

580 Mount Vernon Rd Newark, OH 43055

Estimated Value: $155,000 - $214,000

5 Beds
2 Baths
2,606 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 13, 2017

Last sale price $75,000 $29 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,164/month

6 Days on Market

About This Home

As of December 2017

Two 3 bedroom units tenant occupied. Great investment property. Both units currently rent for $700 per unit. Front unit has some freshly painted rooms, large kitchen, and large front porch. Upper unit has large front room, cozy kitchen, and a loft area that could be utilized as an extra bedroom. Property is located close to local shopping and restaurants.
J. Adkins is managing member of corp. and hold real estate license in state of Ohio

Last Agent to Sell the Property

Jerry Adkins

Berkshire Hathaway HS Pro Rlty License #2007000930 Listed on: 11/29/2017

Co-Listed By

Bonnie Dunlap

Berkshire Hathaway HS Pro Rlty

Last Buyer's Agent

Jerry Adkins

Berkshire Hathaway HS Pro Rlty License #2007000930

Berkshire Hathaway HS Pro Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,145

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • 2,606 Sq Ft Home
  • Duplex

Parking

  • Shared Driveway
  • Off-Street Parking: 1

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 054-273558-00.000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $259
  • Gross Income $1,400
  • Net Operating Income $1,141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,145

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2016
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.11
  • Total Gross Income: 1400.0
  • Co List Office Mls Id: 10519
  • Co List Office Phone: 614-500-4122
  • Co List Office Phone: 740-587-7042
  • MLS Status: Closed
  • Income Expenses Gross Income: 1400.0
  • Annual Expenses: 258.84
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2606.0
  • Air Conditioning None3: Yes
  • Owner Pays Trash2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features Shared Driveway2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-273558-00.000
  • Lot Size Sq Ft: 4791.6

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 1141.16
  • Annual Operating Expense: 258.84

Tax Info

  • Tax Annual Amount: 1145.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2017
Closed on
Dec 13, 2017
Sold by
Adkins Jerry J
Bought by
Jafarb Llc
Seller's Agent
Jerry Adkins
Berkshire Hathaway HS Pro Rlty
Buyer's Agent
Jerry Adkins
Berkshire Hathaway HS Pro Rlty
List Price
$84,900
Sold Price
$75,000
Premium/Discount to List
-$9,900
-11.66%
Current Estimated Value
$189,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,017
Avg. Annual Appreciation
12.16%

Purchase Details

Listed on
Nov 29, 2017
Closed on
Dec 7, 2017
Sold by
Coleman Robert A
Bought by
Adkins Jerry J and Robert A Coleman Land Trust
Seller's Agent
Jerry Adkins
Berkshire Hathaway HS Pro Rlty
Buyer's Agent
Jerry Adkins
Berkshire Hathaway HS Pro Rlty
List Price
$84,900
Sold Price
$75,000
Premium/Discount to List
-$9,900
-11.66%

Purchase Details

Closed on
Oct 23, 2015
Sold by
Coleman Myra A and Coleman Myra
Bought by
Coleman Robert A

Purchase Details

Closed on
Aug 6, 2004
Sold by
Shalimar Enterprises Inc
Bought by
Coleman Robert A and Coleman Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 20, 1999
Sold by
Green Patricia J
Bought by
Shalimar Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.1%
Mortgage Type
New Conventional
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
Jafarb Llc $75,000 None Available
Adkins Jerry J -- None Available
Coleman Robert A -- Attorney
Coleman Robert A $80,000 --
Shalimar Enterprises Inc $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Robert A $60,000
Previous Owner Shalimar Enterprises Inc $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2017 12/13/17 Sold $75,000 -11.7% $29 / Sq Ft
11/28/2017 11/28/17 For Sale $84,900 -- $33 / 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 $1,943 $52,960 $8,190 $44,770
2023 $1,939 $52,960 $8,190 $44,770
2022 $1,180 $28,630 $5,670 $22,960
2021 $1,238 $28,630 $5,670 $22,960
2020 $1,266 $28,630 $5,670 $22,960
2019 $1,054 $22,930 $3,780 $19,150
2018 $1,055 $0 $0 $0
2017 $1,155 $0 $0 $0
2016 $1,145 $0 $0 $0
2015 $1,374 $0 $0 $0
2014 $1,714 $0 $0 $0
2013 $1,595 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jerry Adkins

    Berkshire Hathaway HS Pro Rlty

  • B

    Seller Co-Listing Agent in 2017

    Bonnie Dunlap

    Berkshire Hathaway HS Pro Rlty

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217042043

Columbus and Central Ohio Regional MLS

APN: 054-273558-00.000

Ohio Licking County Newark 43055

580 Mount Vernon Rd, Newark, OH

This home is located at 580 Mount Vernon Rd, Newark, OH 43055 since 29 November 2017 and is currently estimated at $188,816, approximately $72 per square foot. This property was built in 1900. 580 Mount Vernon Rd is a home located in Licking County with nearby schools including Hillview Elementary School, Heritage 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.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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