NOT LISTED FOR SALE

603 Columbus Ave Sandusky, OH 44870

Estimated Value: $639,197

Studio
5 Baths
1 Sq Ft
$639,197/Sq Ft Est. Value

Last Sold January 31, 2025

Last sale price $625,000 $625,000 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,409/month

108 Days on Market

Highlights

  • 0.59 Acre Lot
  • Forced Air Heating System
  • Ceiling Fan
  • Brick Veneer

About This Home

As of January 2025

Here is your opportunity to start/add to your transient rental portfolio. 3 - 2/1 completely renovated suites that have operated 3 yrs as successful units w/ another approx. 7000 sq ft of commercial space available for your vision. Over 50 parking spaces and high traffic visibility! Pro-forma is at a 12 Cap. Listing agent has ownership interest.

Last Agent to Sell the Property

Ross Boesch

Weichert, Realtors-Morgan Real License #2021008737 Listed on: 10/14/2024

Co-Listed By

Default zSystem

zSystem Default

Last Buyer's Agent

Frank Corder

RE/MAX Quality Realty - Sandus License #2001006968

RE/MAX Quality Realty - Sandus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,616

Year Built

  • Built in 1955

Lot Details

  • 0.59 Acre Lot

Home Design

  • Brick Veneer
  • Slab Foundation

Interior Spaces

  • 1 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Range
  • Microwave
  • Disposal

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5601256000

Community Details

Overview

  • Columbus Avenue Subdivision

Building Details

  • Operating Expense $34,400
  • Gross Income $75,000
  • Net Operating Income $40,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,616

Year Built

Built in 1955

Lot Details

0.59 Acres

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.593
  • NAV29_Unit_1_Appliances: Disposal, Microwave, Range, Refrigerator
  • Total Gross Income: 75000
  • MLS Status: Sold
  • Subdivision Name: Columbus Avenue
  • Directions: Follow US-6 E to Columbus Ave
  • ResoBuildingAreaSource: Public Records
  • Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Living Area: 1
  • Year Built: 1955
  • Tax Year: 2023
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick Veneer
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air
  • 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: 25831.08
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5601256000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 40600
  • Annual Operating Expense: 34400

Tax Info

  • Tax Annual Amount: 8616

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Jan 31, 2025
Sold by
Paper Street Holdings Llc
Bought by
603 Columbus Llc
Seller's Agent
Ross Boesch
Weichert, Realtors-Morgan Real
Buyer's Agent
Frank Corder
RE/MAX Quality Realty - Sandus
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Views
24
Current Estimated Value
$639,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,197
Original Mortgage
$500,000
Outstanding Balance
$465,680
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2022
Sold by
Frances E Gilbert Trust
Bought by
Paper Street Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
603 Columbus Llc $625,000 Fidelity National Title
Paper Street Holdings Llc $168,750 Flynn Py & Kruse Lpa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 603 Columbus Llc $500,000
Previous Owner Paper Street Holdings Llc $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $625,000 -3.8% $625,000 / Sq Ft
10/14/2024 10/14/24 For Sale $650,000 -- $650,000 / Sq Ft
Source: Firelands Association of REALTORS®

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 $11,914 $70,892 $22,830 $48,062
2023 $4,057 $113,550 $20,755 $92,795
2022 $7,813 $113,550 $20,755 $92,795
2021 $8,263 $113,560 $20,760 $92,800
2020 $7,481 $104,820 $20,760 $84,060
2019 $7,624 $104,820 $20,760 $84,060
2018 $7,582 $104,820 $20,760 $84,060
2017 $7,678 $104,120 $17,640 $86,480
2016 $7,654 $104,120 $17,640 $86,480
2015 $7,118 $104,120 $17,640 $86,480
2014 $7,007 $101,490 $14,790 $86,700
2013 $6,984 $101,490 $14,790 $86,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Firelands Association of REALTORS®

MLS Number: 20243878

APN: 56-01256-000

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