NOT LISTED FOR SALE

611 Reese St Sandusky, OH 44870

Estimated Value: $122,000 - $177,000

3 Beds
2 Baths
2,421 Sq Ft
$66/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $78,000 $32 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $992/month

203 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of November 2016

CAP RATE=14.5%, INVESTMENT FACTOR=6.9. Come check out this updated duplex. This turn key duplex is a great investment opportunity or it could be a great owner occupied property! Separate utilities, air conditioning, and two car garage!

Last Agent to Sell the Property

Tom Everett

Coldwell Banker Routh Realty License #432438 Listed on: 05/02/2016

Coldwell Banker Routh Realty

Co-Listed By

Default zSystem

zSystem Default

Last Buyer's Agent

Victoria Borger

RE/MAX Quality Realty - Sandus License #000446967

RE/MAX Quality Realty - Sandus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,729

Year Built

  • Built in 1913

Lot Details

  • 5,676 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Range

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

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

Community Details

  • Operating Expense $2,629
  • Gross Income $13,200
  • Net Operating Income $11,571

Listing and Financial Details

  • Assessor Parcel Number 5704087.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,729

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • PropertySubType: Duplex
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1303
  • NAV29_Unit_1_Appliances: Range, Refrigerator
  • Total Gross Income: 13200
  • MLS Status: Sold
  • Directions: Head north on Perry and East on Reese St.
  • Carport Y N: No
  • Unit Levels: Two
  • Year Built: 1913
  • Tax Year: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Sump Pump
  • Basement: Full

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Block
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Baseboard, Forced Air, Hot Water
  • 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: 5675.868
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5704087.000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 11571
  • Annual Operating Expense: 2629

Tax Info

  • Tax Annual Amount: 1729.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2016
Closed on
Nov 16, 2016
Sold by
Stewart John R and Stewart Nancy M
Bought by
Moyer Ashleigh L
Seller's Agent
Tom Everett
Coldwell Banker Routh Realty
Buyer's Agent
Victoria Borger
RE/MAX Quality Realty - Sandus
List Price
$80,000
Sold Price
$78,000
Premium/Discount to List
-$2,000
-2.5%
Current Estimated Value
$160,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,687
Avg. Annual Appreciation
7.83%
Original Mortgage
$76,566
Outstanding Balance
$63,097
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$88,670

Purchase Details

Closed on
Jun 17, 2008
Sold by
Ruff Timothy E
Bought by
Stewart John R and Stewart Nancy M

Purchase Details

Closed on
Jul 13, 2006
Sold by
Ruff Steven P and Ruff Matthew J
Bought by
Ruff Timothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
7.5%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Moyer Ashleigh L $78,000 None Available
Stewart John R $73,000 Southern Title Of Ohio Ltd
Ruff Timothy E $60,000 Southern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moyer Ashleigh L $76,566
Previous Owner Ruff Timothy E $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $78,000 -2.5% $32 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $80,000 -- $33 / Sq Ft
Source: Firelands Association of REALTORS®

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 $1,685 $43,319 $4,525 $38,794
2023 $1,685 $27,856 $3,538 $24,318
2022 $1,394 $27,856 $3,538 $24,318
2021 $1,407 $27,860 $3,540 $24,320
2020 $1,465 $26,670 $3,540 $23,130
2019 $1,506 $26,670 $3,540 $23,130
2018 $1,508 $26,670 $3,540 $23,130
2017 $1,760 $31,020 $3,680 $27,340
2016 $1,870 $31,020 $3,680 $27,340
2015 $1,729 $31,020 $3,680 $27,340
2014 $1,881 $34,050 $3,680 $30,370
2013 $1,868 $34,050 $3,680 $30,370
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tom Everett

    Coldwell Banker Routh Realty

    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Default zSystem

    zSystem Default

  • Victoria Borger

    Buyer's Agent in 2016

    Victoria Borger

    RE/MAX Quality Realty - Sandus

    (419) 656-6294

    82 in this area

    234 Total Sales

    Victoria Borger
    Section Image
See All Agents

Map

Source: Firelands Association of REALTORS®

MLS Number: 20162429

APN: 57-04087-000

Ohio Erie County Sandusky 44870

611 Reese St, Sandusky, OH

This home is located at 611 Reese St, Sandusky, OH 44870 since 02 May 2016 and is currently estimated at $160,687, approximately $66 per square foot. This property was built in 1913. 611 Reese St is a home located in Erie County with nearby schools including Sandusky High School, Monroe Preparatory Academy, and Sandusky Central Catholic School.

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