NOT LISTED FOR SALE

8558 Nichols Ln Johnstown, OH 43031

Estimated Value: $314,000 - $453,392

2 Beds
2 Baths
2,326 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $165,500 $71 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $2,284/month

270 Days on Market

About This Home

As of July 2018

This listing and price includes all 4 units, 2 Brick Ranch Duplexes under one parcel number.

8558 - 8556 have a total of 1150 sq.ft. Each unit is a 1 bdrm, 1 Bth Unit @ 575 Sq.ft

8544 - 8546 have a total of 1176 sq.ft. Each Unit is a 1 bdrm, 1 Bth at 588 sq. ft

Brick and Roof are in GREAT Shape. Both sit on a deep crawl. Base board heating and no A/C. All 4 units are in need of a complete cosmetic renovation.

Current Rent $400 for very outdated units. Updated - in town rents for $650/700. The unique country setting and quiet area after renovations can easily rent $700. VERY Unique set of investment properties, there are NO comps!

Owners are open to looking at offers, this is a LONG term (Since the 1970's ) family owned and run properties. There are NO Books or Financia

Last Agent to Sell the Property

Stacey Lambright

Edwards Realty Company Listed on: 08/01/2017

Last Buyer's Agent

Stacey Lambright

EXP Realty, LLC License #2004010779

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,490

Year Built

  • Built in 1967

Lot Details

  • 2 Acre Lot

Home Design

  • 2,326 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Well

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 040-116682-01.000

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $2,490
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,490

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1967
  • Tax Year: 2016
  • Property Sub-Type: Duplex
  • Lot Size Acres: 2.0
  • Total Gross Income: 19200.0
  • Co List Office Phone: 614-245-8267
  • MLS Status: Closed
  • Income Expenses Gross Income: 19200.0
  • Annual Expenses: 2490.0
  • General Property Info Building Sq Ft: 2326.0
  • Air Conditioning None3: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Trash2: Yes
  • Services Available Electricity Available: Yes
  • Water Source Well5: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Utilities

  • Heating: Oil
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Electricity Available
  • Water Source: Well

Schools

  • Junior High Dist: JOHNSTOWN MONROE LSD 4503 LIC CO.

Lot Info

  • Parcel Number: 040-116682-01.000
  • Lot Size Sq Ft: 87120.0

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 2490.0

Tax Info

  • Tax Annual Amount: 2490.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2017
Closed on
Jul 27, 2018
Sold by
Spearman Dorinda and Spearman Dave
Bought by
Merkle Katht J and Merkle Bryan D
Seller's Agent
Stacey Lambright
Edwards Realty Company
Buyer's Agent
Stacey Lambright
EXP Realty, LLC
List Price
$249,900
Sold Price
$165,500
Premium/Discount to List
-$84,400
-33.77%
Current Estimated Value
$355,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,098
Avg. Annual Appreciation
11.13%
Original Mortgage
$132,000
Outstanding Balance
$98,028
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$257,570

Purchase Details

Closed on
Oct 22, 2012
Sold by
Spearman Donna L
Bought by
Spearman Dorinda and Spearman Dave
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
Merkle Katht J $165,500 None Available
Spearman Dorinda -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merkle Katht J $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2018 07/30/18 Sold $165,500 -33.8% $71 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
08/01/2017 08/01/17 For Sale $249,900 -- $107 / 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 $4,962 $127,620 $32,310 $95,310
2023 $5,011 $127,620 $32,310 $95,310
2022 $4,203 $93,880 $22,090 $71,790
2021 $4,184 $93,880 $22,090 $71,790
2020 $4,218 $93,880 $22,090 $71,790
2019 $3,140 $64,410 $16,980 $47,430
2018 $2,738 $0 $0 $0
2017 $2,686 $0 $0 $0
2016 $2,490 $0 $0 $0
2015 $2,533 $0 $0 $0
2014 $3,362 $0 $0 $0
2013 $2,169 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Stacey Lambright

    Edwards Realty Company

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217028050

Columbus and Central Ohio Regional MLS

APN: 040-116682-01.000

Ohio Licking County Johnstown 43031

8558 Nichols Ln, Johnstown, 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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