NOT LISTED FOR SALE

700 Franklin Ave Columbus, OH 43205

Olde Towne East Neighborhood
12 Beds
-- Bath
28,068 Sq Ft
12,197 Sq Ft Lot

Last Sold August 27, 2018

Last sale price $1,350,000 $48 Per Sq Ft

139 Days on Market

Highlights

  • 0.28 Acre Lot
  • Central Air
  • 11 Car Garage

About This Home

As of August 2018

REMARKABLE BRICK 12 UNIT (3) BEDROOMS (1) BTH. PLUS ADDITIONAL LOT ADJACENT LOT WITH 11 GARAGE AND BUILD OUT TO PUT CARRIAGE HOUSE APT ABOUT 1 GARAGE. LOCATED AT THE CORNER OF PARSONS AND FRANKLIN AVE. IN HISTORIC OLDE TOWNE EAST. RENTS RANGE FROM $1000-1200 HUGH BASEMENT MIGHT SERVE FOR ADDITIONAL UNITS IN A CONDO CONVERSION PROJECT, GREAT RENTAL ADDITIONAL UPDATES TO KITCHEN AND BATHS TO HELP THIS GREAT BUILDING REACH ITS FULL RENTAL POTENTIAL. HARDWOOD FLOORS, SUN PORCHES, W/D HOOK UPS FRONT AND BACK ENTRANCES, CLASSIC ENTRY WITH TERRAZZO FLRS, WROUGHT IRON RAILS.

Last Agent to Sell the Property

Nina Masseria

Carriage Trade Realty, Inc. License #262010 Listed on: 07/09/2018

Co-Listed By

Timothy Shafer

Carriage Trade Realty, Inc. License #2016000325

Last Buyer's Agent

Eric Brunney

Revolution Realty LLC License #2014003737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,748

Year Built

  • Built in 1900

Lot Details

  • 0.28

Parking

  • 11 Car Garage

Home Design

  • 28,068 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Washer and Dryer Hookup
  • 0.28 Acre Lot
  • Basement

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-036405

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Mid-Rise Condominium

Building Details

  • Electric Expense $1,944
  • Fuel Expense $956
  • Insurance Expense $4,505
  • Maintenance Expense $17,622
  • Water Sewer Expense $4,223
  • Operating Expense $28,584
  • Gross Income $112,099
  • Net Operating Income $83,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,748

Year Built

Built in 1900

Lot Details

0.28 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2017
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.28
  • Total Gross Income: 112099.0
  • Professional Management Expense: 10485.42
  • Co List Office Mls Id: 06190
  • Co List Office Phone: 614-228-1939
  • Co List Office Phone: 614-228-1939
  • MLS Status: Closed
  • Subdivision Name: OLDE TOWNE EAST
  • Location Property Info List PriceSqFt: 60.57
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 112099.0
  • Annual Expenses: 28584.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 28068.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Trash2: Yes
  • Miscellaneous Garages: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 11.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Fee Information

  • Annual Fuel Expense: 956.41
  • Annual Water Sewer Expense: 4223.24

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-036405
  • Lot Size Sq Ft: 12196.8
  • Additional Parcels Description: 010-040702 724 FRANKLIN AVE.

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 1944.14
  • Insurance Expense: 4504.92
  • Maintenance Expense: 17622.0
  • Net Operating Income: 83514.0
  • Annual Operating Expense: 28584.0
  • Vacancy Allowance Rate: 4.0

Tax Info

  • Tax Annual Amount: 11748.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $1,350,000 -32.5% $48 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
03/10/2018 03/10/18 For Sale $2,000,000 -- $71 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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
2025 $32,673 $440,200 $23,630 $416,570
2023 $32,156 $440,200 $23,630 $416,570
Source: Public Records

Agents Affiliated with this Home

  • Nina Masseria

    Seller's Agent in 2018

    Nina Masseria

    Carriage Trade Realty, Inc.

    (614) 296-5784

    23 in this area

    76 Total Sales

    Nina Masseria
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Timothy Shafer

    Carriage Trade Realty, Inc.

    Section Image
  • Eric Brunney

    Buyer's Agent in 2018

    Eric Brunney

    Revolution Realty LLC

    (614) 975-5826

    125 Total Sales

    Eric Brunney
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218006892

Columbus and Central Ohio Regional MLS

APN: 010-036405

Ohio Franklin County Columbus 43205 Olde Towne East

700 Franklin Ave, Columbus, OH

Not Listed for Sale

MultiFamily

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