NOT LISTED FOR SALE

1494 Park Ave W Ontario, OH 44906

Estimated Value: $279,605

Studio
-- Bath
3,296 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2025

Last sale price $284,900 $86 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,745 / mo

10 Days on Market

Highlights

  • 0.51 Acre Lot
  • Central Air
  • Heating System Uses Gas

About This Home

As of March 2025

This incredible mixed-use property offers a prime investment opportunity with steady revenue and immediate cash flow. Situated on a half-acre lot in high-visibility area, this property boasts 3300 square feet of versatile space and adequate parking. Property is fully leased with three-year contracts on the 2 commercial units, and the upstairs apartment is fully updated, and is currently an owner-occupied space, complete with an updated kitchen, modern appliances, new flooring, fresh paint. This property combines residential and commercial zoning. The stable revenue streams, location, and long-term leases make it an excellent choice for those seeking to secure a profitable and low-maintenance investment.

Last Agent to Sell the Property

Kelli Chinn

Sluss Realty Company License #2020001301 Listed on: 01/31/2025

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,834

Year Built

  • Built in 1970

Lot Details

  • 22,216 Sq Ft Lot

Parking

  • Off-Street Parking: 2

Home Design

  • 3,296 Sq Ft Home
  • Mixed Use

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Gross Income $2,500

Listing and Financial Details

  • Assessor Parcel Number 027-03-132-06-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,834

Year Built

Built in 1970

Lot Details

0.51 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1970
  • Tax Year: 2023
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.51
  • Total Gross Income: 2500.0
  • Co List Office Phone: 419-529-3047
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 86.44
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 2500.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3296.0
  • Heat Fuel Electric4: 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

Interior Features

  • Possible Use: Commercial

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 2.0

Utilities

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

Schools

  • Junior High Dist: MANSFIELD CSD 7006 RIC CO.

Lot Info

  • Parcel Number: 027-03-132-06-000
  • Lot Size Sq Ft: 22215.6

Multi Family

  • Monthly Rent (Other): 2500.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2834.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Mar 28, 2025
Sold by
Bought by
Seller's Agent
Kelli Chinn
Sluss Realty Company
Buyer's Agent
NON MEMBER
NON MEMBER OFFICE
List Price
$284,900
Sold Price
$284,900
Views
31
Current Estimated Value
$279,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,295
Avg. Annual Appreciation
-1.51%
Original Mortgage
$227,920
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2024
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 29, 2022
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2022
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2018
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 2017
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$284,750 Great American Title
$284,750 Great American Title
-- None Listed On Document
$40,000 Great American Title
$125 --
$125 Great American Title
$40,000 Chicago Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $227,920
Previous Owner $120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/28/2025 03/28/25 Sold $284,900 0.0% $86 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $284,900 -- $86 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,853 $40,050 $17,140 $22,910
2024 $2,853 $40,050 $17,140 $22,910
2023 $2,846 $40,050 $17,140 $22,910
2022 $2,250 $28,000 $15,580 $12,420
2021 $2,260 $28,000 $15,580 $12,420
2020 $2,294 $28,000 $15,580 $12,420
2019 $2,400 $28,000 $15,580 $12,420
2018 $2,389 $28,000 $15,580 $12,420
2017 $3,938 $47,480 $15,580 $31,900
2016 $3,892 $45,670 $15,580 $30,090
2015 $3,892 $17,070 $15,580 $1,490
2014 $1,382 $17,070 $15,580 $1,490
2012 $571 $17,070 $15,580 $1,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225003003

Columbus and Central Ohio Regional MLS

APN: 027-03-132-06-000

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