NOT LISTED FOR SALE

654 Gwynne St Urbana, OH 43078

Estimated Value: $146,000 - $199,151

10 Beds
5 Baths
4,500 Sq Ft
$38/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $250,000 $56 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $1,061/month

36 Days on Market

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • Fenced
  • 1-Story Property

About This Home

As of September 2020

Increase your portfolio with the purchase of this 5 unit apartment complex on the Westside of Urbana. Both buildings have been well maintained and were built in 1989 and 1992. Each unit is 900 square feet and they all have 2 bedrooms and 1 bath each. Each unit has a range and refrigerator included with the transfer and all the units have washer and dryer hookups. All the apartments have a small patio in the rear and have a privacy fence. Each tenant pays all their utilities to include water/sewer, electric and gas. Owner pays for the trash dumpster. Rents collected are $2620 per month and the seller retains deposits equal to the rents. Current Tenants have rented since the following year: 654 (2006), 648 (2005), 660a (2019), 660b (2013), 660c (2019).

Last Agent to Sell the Property

Patrick Hamilton

RE/MAX Alliance Realty License #2004002933 Listed on: 07/08/2020

RE/MAX Alliance Realty

Last Buyer's Agent

Patrick Hamilton

RE/MAX Alliance Realty License #2004002933 Listed on: 07/08/2020

RE/MAX Alliance Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,570

Year Built

  • Built in 1992

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 99x220
  • Fenced

Parking

  • No Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • Association fees include trash
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number K482500040101900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,570

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Duplex, Triplex
  • Includedin Fee: Trash
  • Level Style: One
  • Semi-Annual Tax: 2285.00
  • Year Built: 1992
  • Additional Parcel I Ds: K48-25-00-04-01-018-00
  • Listing Cond: No
  • Listing I D: 1004126
  • M L S Approved: Y
  • M L S Identifier: 20190724221641160008000000
  • New Financing: Cash, Conventional
  • Parcel I D Number Formatted: K48-25-00-04-01-019-00
  • Property Group I D: 19990816212116581394000000
  • Type Of Contract: Exclusive Right To Sell
  • Two Bedrooms: 5
  • Units Rooms Gross Monthly Rent: 2685.00
  • Units Rooms Oven Range Total: 5
  • Units Rooms Refrigerator Total: 5
  • Units Rooms Total Security Deposit: 2685.00
  • Total Number of Units: 5
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range, Refrigerator
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Crawl Space
  • Inside Features: Window Coverings
  • Price/ Sq Ft: 57.76
  • Total Bedrooms: 10
  • Total Square Footage: 4500.00

Exterior Features

  • Exterior: Vinyl Siding
  • Outside Features: Fenced, Patio

Garage/Parking

  • Garage: No Garage

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating System: Forced Air, Natural Gas
  • Utilities: Natural Gas Connected
  • Sewer: Public Sewer
  • Water Source: Supplied Water

Lot Info

  • Acres: 0.25
  • Lot Dimensions: 99X220
  • Land Info: Residential Lot
  • Parcel Id Number: K482500040101900

Tax Info

  • Tax Year: 2019

MLS Schools

  • School District: 1104 Urbana CSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 3, 2020
Sold by
Pence Mark K and Pence Susan J
Bought by
Fannin Scott A and Fannin Julie A
Seller's Agent
Patrick Hamilton
RE/MAX Alliance Realty
Buyer's Agent
Patrick Hamilton
RE/MAX Alliance Realty
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Current Estimated Value
$173,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,962
Avg. Annual Appreciation
-6.90%
Original Mortgage
$253,000
Outstanding Balance
$202,761
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$29,723
Source: Public Records

Range of Values:

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Average Value
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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
Fannin Scott A $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fannin Scott A $253,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2020 09/03/20 Sold $250,000 -3.8% $56 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $259,900 -- $58 / Sq Ft
Source: Western Regional Information Systems & Technology (WRIST)

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 $1,858 $44,180 $4,590 $39,590
2023 $1,858 $44,180 $4,590 $39,590
2022 $1,895 $44,180 $4,590 $39,590
2021 $1,848 $38,170 $3,660 $34,510
2020 $1,847 $38,170 $3,660 $34,510
2019 $1,825 $38,170 $3,660 $34,510
2018 $1,487 $29,710 $3,590 $26,120
2017 $1,477 $29,710 $3,590 $26,120
2016 $1,481 $29,710 $3,590 $26,120
2015 $1,463 $28,470 $3,590 $24,880
2014 $1,464 $28,470 $3,590 $24,880
2013 $1,256 $28,590 $3,590 $25,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Regional Information Systems & Technology (WRIST)

MLS Number: 1004126

Western Regional Information Systems & Technology (WRIST)

APN: K48-25-00-04-01-018-00