NOT LISTED FOR SALE

85 E Welch Ave Columbus, OH 43207

Merion Village Neighborhood

Estimated Value: $400,000 - $473,444

4 Beds
2 Baths
2,456 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $385,000 $157 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,773/month

4 Days on Market

Highlights

  • Fireplace
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of March 2022

Merion Village. Amazing brick up and down duplex that is perfect for downtown lifestyles. Each unit contains 2 beds and
1 bath plus a den in each, perfect for a work at home office. Both have new bathrooms, Durable finishes, large eat in kitchens, and all appliances. The basement area is divided and each unit has their own laundry hookups. Private backyard with back patio and two car garage/openers, storage available on both sides. Well maintained and fully occupied. Upstairs unit is Rented through October of 2022 for $1150 Downstairs unit Through June of 2022 for $1000. This is your chance to get a great investment property in a tough to find area with great tenants in place, or an opportunity to get in as an owner occupant and build your investment portfolio. Owner is Licensed Agent in

Last Agent to Sell the Property

phil Crawford

Howard Hanna Real Estate Svcs License #412410 Listed on: 02/24/2022

Last Buyer's Agent

Zina Molnar

Keller Williams Greater Cols License #2017003562

Keller Williams Greater Cols

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,081

Year Built

  • Built in 1918

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,456 Sq Ft Home
  • Fireplace
  • Basement

Parking

  • 2 Car Garage
  • Garage Door Opener

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-054317

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,700
  • Gross Income $25,800
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,081

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1918
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.1
  • Total Gross Income: 25800.0
  • Co List Office Phone: 614-451-7400
  • MLS Status: Closed
  • Subdivision Name: Merion Village
  • Location Property Info List PriceSqFt: 152.65
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 25800.0
  • Annual Expenses: 4700.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2456.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous Fireplace: 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

  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 2.0
  • Parking Features 2 Car Garage2: Yes
  • Parking Features Garage Door Opener: Yes

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-054317
  • Lot Size Sq Ft: 4356.0

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 21000.0
  • Annual Operating Expense: 4700.0

Tax Info

  • Tax Annual Amount: 4081.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2023
Sold by
Nanyehi Llc
Bought by
Smith Geremy
Current Estimated Value
$434,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Outstanding Balance
$309,773
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$124,588

Purchase Details

Closed on
Sep 20, 2023
Sold by
Nanyehi Llc
Bought by
Smith Geremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Outstanding Balance
$309,773
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$124,588

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 17, 2022
Sold by
Crawford Lucas A
Bought by
Nanyehi Llc
Seller's Agent
phil Crawford
Howard Hanna Real Estate Svcs
Buyer's Agent
Zina Molnar
Keller Williams Greater Cols
List Price
$374,900
Sold Price
$385,000
Premium/Discount to List
$10,100
2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 15, 2022
Sold by
Crawford Lucas A
Bought by
Nanyehi Llc
Seller's Agent
phil Crawford
Howard Hanna Real Estate Svcs
Buyer's Agent
Zina Molnar
Keller Williams Greater Cols
List Price
$374,900
Sold Price
$385,000
Premium/Discount to List
$10,100
2.69%

Purchase Details

Closed on
Oct 12, 2015
Sold by
Hallman Deidre R and The Donald R Hallman Revocable
Bought by
Crawford Lucas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,486
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 4, 2002
Sold by
Nida Austin R
Bought by
Hallman Donald R and Revocable Living Tr Agreement

Purchase Details

Closed on
Aug 30, 2000
Sold by
Snavely Michael E
Bought by
Nida Austin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
8.15%

Purchase Details

Closed on
Jul 31, 1998
Sold by
Bishop Jeffrey A
Bought by
Snavely Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,313
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 3, 1991
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Geremy $396,000 Bridge Title & Escrow Services
Smith Geremy $396,000 Bridge Title & Escrow Services
Nanyehi Llc $385,000 First Ohio Title
Nanyehi Llc $385,000 First Ohio Title
Crawford Lucas A $194,000 Amerititle Box
Hallman Donald R $110,000 Amerititle Agency Inc
Nida Austin R $82,000 Amerititle Agency Inc
Snavely Michael E $74,500 Amerititle Agency Inc
-- $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Geremy $316,800
Closed Smith Geremy $316,800
Previous Owner Crawford Lucas A $190,486
Previous Owner Nida Austin R $73,800
Previous Owner Snavely Michael E $73,313
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $385,000 +2.7% $157 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $374,900 +93.2% $153 / Sq Ft
11/01/2016 11/01/16 Sold $194,000 +2.2% $79 / Sq Ft View Prior Sale
10/02/2016 10/02/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $189,900 -- $77 / 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 $6,286 $138,610 $45,470 $93,140
2023 $7,095 $156,770 $45,470 $111,300
2022 $4,223 $76,620 $11,030 $65,590
2021 $4,081 $76,620 $11,030 $65,590
2020 $4,036 $76,620 $11,030 $65,590
2019 $3,635 $56,740 $8,160 $48,580
2018 $2,788 $56,740 $8,160 $48,580
2017 $4,073 $56,740 $8,160 $48,580
2016 $2,140 $31,500 $5,530 $25,970
2015 $1,948 $31,500 $5,530 $25,970
2014 $1,953 $31,500 $5,530 $25,970
2013 $1,070 $35,000 $6,160 $28,840
Source: Public Records

Agents Affiliated with this Home

  • phil Crawford

    Seller's Agent in 2022

    phil Crawford

    Howard Hanna Real Estate Svcs

    (614) 395-1993

    3 in this area

    110 Total Sales

    phil Crawford
    Section Image

  • Z

    Buyer's Agent in 2022

    Zina Molnar

    Keller Williams Greater Cols

    Section Image
  • William Robbins

    Seller's Agent in 2016

    William Robbins

    Coldwell Banker Realty

    (614) 208-8785

    11 in this area

    204 Total Sales

    William Robbins
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222005156

Columbus and Central Ohio Regional MLS

APN: 010-054317

Ohio Franklin County Columbus 43207 Merion Village

85 E Welch Ave, Columbus, OH

Not Listed for Sale

MultiFamily

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