NOT LISTED FOR SALE

81 Summit St Unit A-D Newark, OH 43055

Estimated Value: $154,000 - $293,000

-- Bed
-- Bath
2,642 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $125,000 $47 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,284/month

7 Days on Market

Highlights

  • 0.52 Acre Lot
  • Cooling Available
  • Forced Air Heating System

About This Home

As of March 2017

All brick 4 unit with two units have been recent updated. All 4 units are leased.
2 - 2 bedroom units and 2 - 1 bedroom units. Off street parking for 4

Last Agent to Sell the Property

Janene Cosby

CR Inactive Office Listed on: 01/24/2017

Last Buyer's Agent

Amy Ghiloni

RE/MAX 360

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,873

Year Built

  • Built in 1962

Lot Details

  • 0.52 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • 2,642 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 054-214836-00.000

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $11,111
  • Gross Income $11,111
  • Net Operating Income $11,111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,873

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1962
  • Tax Year: 2015
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.52
  • Total Gross Income: 11111.0
  • Co List Office Phone: 740-763-4150
  • MLS Status: Closed
  • Income Expenses Gross Income: 11111.0
  • Annual Expenses: 11111.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2642.0
  • General Property Info # of Buildings: 1.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Cooling: Other
  • Cooling Y N: Yes
  • Utilities: Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: NEWARK CSD 4507 LIC CO.

Lot Info

  • Parcel Number: 054-214836-00.000
  • Lot Size Sq Ft: 22651.2
  • Additional Parcels: No
  • Zoning Description: Commercial

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 11111.0
  • Annual Operating Expense: 11111.0

Tax Info

  • Tax Annual Amount: 1873.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 3, 2017
Sold by
Paper Moon Ventures Llc
Bought by
Homebase Properties Llc
Seller's Agent
Janene Cosby
CR Inactive Office
Buyer's Agent
Amy Ghiloni
RE/MAX 360
List Price
$124,000
Sold Price
$125,000
Premium/Discount to List
$1,000
0.81%
Current Estimated Value
$207,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,667
Avg. Annual Appreciation
6.04%
Original Mortgage
$128,000
Outstanding Balance
$65,384
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$142,283

Purchase Details

Closed on
Apr 1, 2003
Sold by
Cox Robert E
Bought by
Paper Moon Ventures Llc
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
Homebase Properties Llc $125,000 First American Title
Paper Moon Ventures Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homebase Properties Llc $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $125,000 +0.8% $47 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $124,000 -- $47 / 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 $2,335 $56,420 $10,920 $45,500
2023 $2,330 $56,420 $10,920 $45,500
2022 $1,860 $38,500 $9,100 $29,400
2021 $1,958 $38,500 $9,100 $29,400
2020 $1,993 $38,500 $9,100 $29,400
2019 $2,005 $38,500 $9,100 $29,400
2018 $2,020 $0 $0 $0
2017 $1,919 $0 $0 $0
2016 $1,830 $0 $0 $0
2015 $1,873 $0 $0 $0
2014 $2,145 $0 $0 $0
2013 $1,831 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Janene Cosby

    CR Inactive Office

    Section Image

  • A

    Buyer's Agent in 2017

    Amy Ghiloni

    RE/MAX

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217002040

Columbus and Central Ohio Regional MLS

APN: 054-214836-00.000

Ohio Licking County Newark 43055

81 Summit St Unit A-D, Newark, OH

This home is located at 81 Summit St Unit A-D, Newark, OH 43055 since 24 January 2017 and is currently estimated at $207,667, approximately $78 per square foot. This property was built in 1962. 81 Summit St Unit A-D is a home located in Licking County with nearby schools including Ben Franklin Elementary School, Heritage Middle School, and Newark High School.

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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