NOT LISTED FOR SALE

Estimated Value: $427,672 - $504,000

6 Beds
2 Baths
2,796 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $327,000 $117 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,162/month

54 Days on Market

About This Home

As of June 2016

81-83 E Norwich - 2 Blocks East of High Street, One Block North of Lane Ave - Building has Many Updates - New Windows some Electrical Upgrades & Kitchen Upgrades. Leased $1500 & $1460 for 2015-16 School Year. No pending leases for 2016-17 as of 4/20/16. 3 Bedrooms per side - Tenants Pay All Utilities (gas, electric, water & sewer). Great Opportunity for OSU Student/Parent to live in one side & Rent out the other rooms and other side! Norwich is permit parking 8:00am - 4:00pm.

Last Agent to Sell the Property

Joseph C Jackson

Keller Williams Capital Ptnrs License #2014000204 Listed on: 04/20/2016

Keller Williams Capital Ptnrs

Last Buyer's Agent

Sue Lusk-Gleich

Keller Williams Capital Ptnrs License #210979

Keller Williams Capital Ptnrs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,003

Year Built

  • Built in 1900

Lot Details

  • 3,485

Parking

  • On-Street Parking

Home Design

  • 2,796 Sq Ft Home
  • Duplex
  • Vinyl Siding
  • Stucco

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-093173

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $12,000
  • Gross Income $35,520
  • Net Operating Income $23,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,003

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2015
  • Property Sub-Type: Duplex
  • Total Gross Income: 35520.0
  • Co List Office Phone: 614-888-1000
  • MLS Status: Closed
  • Subdivision Name: University District
  • Income Expenses Gross Income: 35520.0
  • Annual Expenses: 12000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2796.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Stucco2: Yes

Utilities

  • Heating: Forced Air
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-093173
  • Zoning Description: AR-4

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 23320.0
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 6003.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jun 14, 2016
Sold by
Barouxis James G
Bought by
Ii Enterprise Inc
Seller's Agent
Joseph C Jackson
Keller Williams Capital Ptnrs
Buyer's Agent
Sue Lusk-Gleich
Keller Williams Capital Ptnrs
List Price
$330,000
Sold Price
$327,000
Premium/Discount to List
-$3,000
-0.91%
Total Days on Market
54
Current Estimated Value
$462,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,918
Avg. Annual Appreciation
3.95%
Original Mortgage
$245,250
Outstanding Balance
$197,881
Interest Rate
3.58%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$265,037

Purchase Details

Listed on
Apr 1, 2013
Closed on
Mar 29, 2013
Sold by
Cooper Properties Iii Llc
Bought by
Barouxis James G
Seller's Agent
Joseph C Jackson
Keller Williams Capital Ptnrs
Buyer's Agent
Joseph C Jackson
Keller Williams Capital Ptnrs
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$204,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 22, 2008
Sold by
Cooper Matthew
Bought by
Cooper Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2008
Sold by
Cooper Properties Iii Llc
Bought by
Cooper Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2001
Sold by
Cooper Matthew and Cooper Adam L
Bought by
Cooper Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,950
Interest Rate
7.22%

Purchase Details

Closed on
Jan 31, 2001
Sold by
C & W Investment Company
Bought by
Cooper Matthew and Cooper Adam L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,950
Interest Rate
7.22%

Purchase Details

Closed on
Nov 3, 1997
Sold by
Wiles John F and Cabral Lucio P
Bought by
C & W Investment Company
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
Ii Enterprise Inc $327,000 Northwest Select Title Agenc
Barouxis James G $275,000 None Available
Cooper Properties Iii Llc -- Attorney
Cooper Matthew -- Attorney
Cooper Properties Iii Llc -- --
Cooper Matthew $158,800 --
C & W Investment Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ii Enterprise Inc $245,250
Closed Ii Enterprise Inc $245,250
Previous Owner Barouxis James G $204,000
Previous Owner Cooper Properties Iii Llc $130,000
Previous Owner Cooper Matthew $126,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $327,000 -0.9% $117 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $330,000 +20.0% $118 / Sq Ft
03/29/2013 03/29/13 Sold $275,000 0.0% $98 / Sq Ft
03/29/2013 03/29/13 For Sale $275,000 -- $98 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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 $6,750 $147,290 $24,400 $122,890
2023 $6,666 $147,280 $24,395 $122,885
2022 $6,418 $120,760 $16,840 $103,920
2021 $6,429 $120,760 $16,840 $103,920
2020 $6,439 $120,760 $16,840 $103,920
2019 $6,529 $105,000 $14,630 $90,370
2018 $6,261 $105,000 $14,630 $90,370
2017 $6,528 $105,000 $14,630 $90,370
2016 $6,539 $96,250 $14,630 $81,620
2015 $6,003 $96,250 $14,630 $81,620
2014 $4,883 $96,250 $14,630 $81,620
2013 $1,606 $52,500 $14,630 $37,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 216012945

Columbus and Central Ohio Regional MLS

APN: 010-093173