NOT LISTED FOR SALE

831 Crofton Place Reynoldsburg, OH 43068

Estimated Value: $182,000 - $204,000

2 Beds
2 Baths
1,120 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 20, 2018

Last sale price $1,050,000 $938 Per Sq Ft

Current estimated payment $1,258/month

14 Days on Market

About This Home

As of August 2018

Well Maintained Two Bedroom, 1.5 Bath Two Story Condos Located in the desirable Crofton Place/Circle Subdivision In Reynoldsburg! 13 units total. Phenomenal investment opportunity with high returns. An investor with a value add mentality can increase rents significantly as rents are well below market.

Very in demand area with Amazon, Mt Carmel East and MANY major employers nearby-- whenever a vacancy occurs there are tons of applications sent in, so finding quality tenants is easy. Easy to manage units.
This is also in Reynoldsburg School District!

Asking is $1,130,000.

Last Agent to Sell the Property

Ajay Pandya

e-Merge Real Estate Unlimited License #2005001349 Listed on: 06/13/2018

e-Merge Real Estate Unlimited

Co-Listed By

Adit Vakil

e-Merge Real Estate Unlimited

Last Buyer's Agent

Adit Vakil

e-Merge Real Estate Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,542

Year Built

  • Built in 1987

Lot Details

  • Additional Parcels

Listing and Financial Details

  • Assessor Parcel Number 060-007027-00

Community Details

Overview

  • 13 Units

Building Details

  • Operating Expense $40,000
  • Gross Income $131,520
  • Net Operating Income $91,229

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,542

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1987
  • Property Sub-Type: Townhouse
  • Total Gross Income: 131520.0
  • Co List Office Mls Id: 10813
  • Co List Office Phone: 614-678-5505
  • Co List Office Phone: 614-678-5505
  • MLS Status: Closed
  • Subdivision Name: Crofton Place
  • Income Expenses Gross Income: 131520.0
  • Annual Expenses: 40000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: REYNOLDSBURG CSD 2509 FRA CO.

Lot Info

  • Parcel Number: 060-007027-00
  • Additional Parcels Description: 060-007022-00 060-007023-00 060-007024-00 060-007025-00 060-007026-00 060-007027-00 060-007040-00 060-007041-00 060-007046-00 060-007056-00 060-007057-00 060-007060-00 060-007061-00
  • Additional Parcels: Yes

Multi Family

  • Number Of Units Total: 13
  • Net Operating Income: 91229.0
  • Annual Operating Expense: 40000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2018
Closed on
Aug 15, 2018
Bought by
Invetech International Llc
Seller's Agent
Ajay Pandya
e-Merge Real Estate Unlimited
Buyer's Agent
Adit Vakil
e-Merge Real Estate Unlimited
List Price
$1,130,000
Sold Price
$1,050,000
Premium/Discount to List
-$80,000
-7.08%
Current Estimated Value
$192,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$857,903
Avg. Annual Appreciation
-21.42%
Interest Rate
4.59%

Purchase Details

Closed on
Feb 28, 2007
Sold by
Crofton Homes Ltd
Bought by
Vakil Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 12, 2003
Sold by
Teli Rajendra K and Teli Usha K
Bought by
Crofton Homes Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 2, 1998
Sold by
Patel Amarish N
Bought by
Patel Bakulesh M and Chauhan Rashmi J

Purchase Details

Closed on
Nov 16, 1994
Sold by
King Dev Co
Bought by
Rashmikant J Chauhan and Bakulesh M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
8.91%
Mortgage Type
New Conventional
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
Invetech International Llc $1,050,000 --
Vakil Property Llc $400,000 Trinity Tit
Crofton Homes Ltd -- --
Patel Bakulesh M -- --
Rashmikant J Chauhan $359,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Invetech International Llc --
Previous Owner Vakil Property Llc $340,000
Previous Owner Crofton Homes Ltd $320,000
Previous Owner Rashmikant J Chauhan $287,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2018 08/20/18 Sold $1,050,000 -7.1% $938 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $1,130,000 -- $1,009 / 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 $2,542 $48,480 $12,250 $36,230
2023 $2,429 $48,475 $12,250 $36,225
2022 $1,839 $27,760 $4,380 $23,380
2021 $1,846 $27,760 $4,380 $23,380
2020 $1,884 $27,760 $4,380 $23,380
2019 $2,081 $27,760 $4,380 $23,380
2018 $1,694 $23,530 $4,380 $19,150
2017 $1,764 $23,530 $4,380 $19,150
2016 $1,674 $19,960 $6,340 $13,620
2015 $1,624 $19,960 $6,340 $13,620
2014 $1,631 $19,960 $6,340 $13,620
2013 $835 $21,000 $6,685 $14,315
Source: Public Records

Agents Affiliated with this Home

  • Ajay Pandya

    Seller's Agent in 2018

    Ajay Pandya

    E-Merge

    (614) 209-2261

    150 Total Sales

    Ajay Pandya
    Section Image

  • A

    Seller Co-Listing Agent in 2018

    Adit Vakil

    E-Merge

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218021168

Columbus and Central Ohio Regional MLS

APN: 060-007027

Ohio Franklin County Reynoldsburg 43068

831 Crofton Place, Reynoldsburg, OH

This home is located at 831 Crofton Place, Reynoldsburg, OH 43068 since 13 June 2018 and is currently estimated at $192,097, approximately $171 per square foot. This property was built in 1987. 831 Crofton Place is a home located in Franklin County with nearby schools including French Run Elementary School, Waggoner Road Elementary School, and Waggoner Road Junior 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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