NOT LISTED FOR SALE

89 E Frambes Ave Unit 91 Columbus, OH 43201

Northwood Park Neighborhood

Estimated Value: $412,000 - $1,147,249

8 Beds
5 Baths
3,125 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $752,880 $241 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,862/month

21 Days on Market

About This Home

As of April 2019

This 2-unit, 8-bed OSU off-campus student housing investment property is located less than one block east of N. High Street and The Ohio State University main campus. This double contains a 4 BD/3 BA unit on one side and a 4 BD/2.5 BA unit on the other. The units are updated with central A/C and newer kitchens. Tenants enjoy free laundry and four stackable off-street parking spaces. Tenants pay all utilities. The property is currently 100% occupied for the 2018-19 academic year as well as 100% pre-leased for 2019-20.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 02/22/2019

Last Buyer's Agent

Crystal Williams

Carleton Realty, LLC License #2015003757

Carleton Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,451

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • Off-Street Parking: 1

Home Design

  • 3,125 Sq Ft Home
  • Duplex
  • Frame Construction

Additional Features

  • Washer and Dryer Hookup
  • 4,356 Sq Ft Lot
  • Forced Air Heating and Cooling System
  • Basement

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-022959

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $22,586
  • Gross Income $75,288
  • Net Operating Income $52,702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,451

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2017
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.1
  • Total Gross Income: 75288.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 240.92
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 75288.0
  • Annual Expenses: 22586.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3125.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Trash2: 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:Frame: Yes

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • 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: 010-022959
  • Lot Size Sq Ft: 4356.0
  • Additional Parcels: No

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Monthly Rent (Other): 3125.0
  • Number Of Units Total: 2
  • Net Operating Income: 52702.0
  • Annual Operating Expense: 22586.0

Tax Info

  • Tax Annual Amount: 5451.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2019
Closed on
Apr 2, 2019
Sold by
Dfried Triplex Llc
Bought by
Frambes Management Llc
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Crystal Williams
Carleton Realty, LLC
List Price
$752,880
Sold Price
$752,880
Current Estimated Value
$673,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,318
Avg. Annual Appreciation
-1.64%

Purchase Details

Closed on
Nov 12, 2010
Sold by
89 E Frambles Llc
Bought by
North Campus Rental Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2008
Sold by
Zollars Jay R and Zollars Ashley
Bought by
East Frambes Llc

Purchase Details

Closed on
May 11, 1995
Sold by
Campus Properties X Ltd
Bought by
Zollars Jay R

Purchase Details

Closed on
Nov 16, 1987

Purchase Details

Closed on
Jul 1, 1986
Source: Public Records
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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
Frambes Management Llc $752,900 None Available
North Campus Rental Llc -- Attorney
East Frambes Llc -- Attorney
Zollars Jay R $95,000 --
-- $83,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner North Campus Rental Llc $318,000
Closed Zollars Jay R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2019 04/08/19 Sold $752,880 0.0% $241 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $752,880 -- $241 / 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 $4,081 $89,040 $22,750 $66,290
2023 $4,030 $89,040 $22,750 $66,290
2022 $13,331 $250,850 $18,200 $232,650
2021 $13,355 $250,850 $18,200 $232,650
2020 $13,375 $250,850 $18,200 $232,650
2019 $11,143 $179,200 $18,200 $161,000
2018 $4,832 $87,680 $18,200 $69,480
2017 $5,451 $87,680 $18,200 $69,480
2016 $4,637 $68,250 $18,200 $50,050
2015 $4,221 $68,250 $18,200 $50,050
2014 $4,232 $68,250 $18,200 $50,050
2013 $2,087 $68,250 $18,200 $50,050
Source: Public Records

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2019

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    20 Total Sales

    Matthew Brown
    Section Image
  • Crystal Williams

    Buyer's Agent in 2019

    Crystal Williams

    Carleton Realty, LLC

    (740) 214-6019

    32 Total Sales

    Crystal Williams
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219004974

Columbus and Central Ohio Regional MLS

APN: 010-022959

Ohio Franklin County Columbus 43201 Northwood Park

89 E Frambes Ave Unit 91, Columbus, OH

Not Listed for Sale

MultiFamily

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