NOT LISTED FOR SALE

700 Franklin Ave Columbus, OH 43205

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

Sale Details

Date 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

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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
  • 12,197 Sq Ft 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 Community

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Aug 27, 2018
Sold by
Bought by
Seller's Agent
Nina Masseria
Carriage Trade Realty, Inc.
Buyer's Agent
Eric Brunney
Revolution Realty LLC
List Price
$2,000,000
Sold Price
$1,350,000
Premium/Discount to List
-$650,000
-32.5%

Purchase Details

Closed on
Jun 30, 1993
Bought by

Purchase Details

Closed on
Jun 29, 1989
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Olde Towne East, OH

  • Vivian Eichel Real Estate Agent - MODERN OHIO REALTY

    Vivian Eichel

    MODERN OHIO REALTY

    (866) 613-6874

    34 Total Sales

    2 in Olde Towne East

    $352K - $505K Price Range

    Vivian Eichel
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  • Nick Vlasidis Real Estate Agent - Howard Hanna Real Estate Svcs

    Nick Vlasidis

    Howard Hanna Real Estate Svcs

    (380) 333-5224

    102 Total Sales

    3 in Olde Towne East

    $345K - $420K Price Range

    Nick Vlasidis
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  • David Tweet Real Estate Agent - MODERN OHIO REALTY

    David Tweet

    MODERN OHIO REALTY

    (380) 666-3386

    37 Total Sales

    1 in Olde Towne East

    $560,000 Price

    David Tweet
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  • Rich Russo Real Estate Agent - Rich Russo Realty & Co.

    Rich Russo

    Responds Quickly

    Rich Russo Realty & Co.

    (380) 210-4114

    295 Total Sales

    6 in Olde Towne East

    $145K - $600K Price Range

    Rich Russo
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  • Theresa Barron Real Estate Agent - Take A Look Real Estate Broker

    Theresa Barron

    Take A Look Real Estate Broker

    (380) 888-2291

    83 Total Sales

    1 in Olde Towne East

    $207,000 Price

    Theresa Barron
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  • Daniel Boulton Real Estate Agent - MODERN OHIO REALTY

    Daniel Boulton

    MODERN OHIO REALTY

    (833) 987-7381

    29 Total Sales

    2 in Olde Towne East

    $430K - $445K Price Range

    Daniel Boulton
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See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,350,000 Clean Title Agency Inc
$410,000 --
$260,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,400,000
Previous Owner $306,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $32,673 $440,200 $23,630 $416,570
2022 $30,242 $403,270 $18,900 $384,370
2021 $30,372 $403,270 $18,900 $384,370
2020 $30,164 $403,270 $18,900 $384,370
2019 $34,292 $403,270 $18,900 $384,370
2018 $10,245 $142,800 $18,900 $123,900
2017 $10,595 $142,800 $18,900 $123,900
2016 $9,442 $108,500 $18,900 $89,600
2015 $8,767 $108,500 $18,900 $89,600
2014 $8,763 $108,500 $18,900 $89,600
2013 $7,524 $188,020 $18,900 $169,120
Source: Public Records

Agents Affiliated with this Home

  • Nina Masseria Real Estate Agent - Carriage Trade Realty, Inc.

    Seller's Agent in 2018

    Nina Masseria

    Carriage Trade Realty, Inc.

    (614) 296-5784

    27 in this area

    82 Total Sales

    Nina Masseria
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Timothy Shafer

    Carriage Trade Realty, Inc.

    Section Image
  • Eric Brunney Real Estate Agent - Revolution Realty LLC

    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

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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