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387 West 8th Avenue

387 West 8th Avenue, Columbus, OH 43201
Multifamily in Necko
Sold Jun 24, 1996
$146,000
$360,000 by The Park National Bank
Mortgage Due Jan 08, 2040
Sold Nov 01, 1985
Transfer
387 West 8th Avenue has been categorized by the local assessors in Columbus, OH as a residential type of property. The building on the property was first built in 1900 and is 124 years old. However, we must point out that the home was most recently renovated and altered in 1970. The home has a total of 10 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 387 West 8th Avenue has 3,424 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 480 ft. The area measurement of the land has been determined as 6,721 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 387 West 8th Avenue sold most recently in Jun 24, 1996 for a total of $146,000. If you work out the math, that's approximately a cost of $42.64 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,232 in taxes each year. 387 West 8th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $98,460. If we break it down further, the land itself was valued at $32,620. Improvements to the property, however, were assessed at a total of $65,840. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,721
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 480
  • Total Building Area: 3,424
  • Gross Building Area: 3,424
  • Building Area: 3,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,424
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ELIZABETH J MCMILLENS HOMESTEAD ADD
  • Land Acres: 0.154
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • State Land Use Code: Business personal property general
  • Legal Description 1: 387 W 8TH AVE MCMILLENS HOMESTEAD LOT 59-60

Ownership

  • Current Owner : MICHAEL S MATHEWS
  • Previous Owner : MATHEWS ROBERT G
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Columbus City School District
  • School Tax School District: COLUMBUS CSD
  • Census Tract: 001810

Geography

  • Assessors Map Reference: 010A030 06400
  • Parcel: 010-036296
  • Lot: 59-60
  • Municipality: COLUMBUS CITY
  • Latitude: 39.9921
  • Longitude: -83.0171

    Address

  • Full Address: 387 W 8th Ave
  • Address - House Number: 387
  • Street Direction: W
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Columbus
  • Carrier Code: C018
  • 4-Digit Zip Code: 2626
  • Zip Code: 43201

Valuation

    Tax

  • Total Area: 1,155
  • Tax Year: 2022
  • Tax Amount: $5,232
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 577,502
  • High Value: 690,027
  • Low Value: 464,978

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: THE PARK NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jan 09, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 08, 2040

    Market Valuation

  • Market Total Value: $281,300
  • Market Land Value: $93,200
  • Market Improvement Value: $188,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,460
  • Assessed Land Value: $32,620
  • Assessed Improvements Value: $65,840

    Sales

  • Current Sale Contract Date: Jun 24, 1996
  • Current Sale Recording Date: Jun 24, 1996
  • Current Sale Transaction ID: 1128439128
  • Current Sale Price: $146,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 01, 1985
  • Previous Sale Contract Date: Nov 01, 1985
  • Previous Sale Document Type: Deed

About University District



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$700 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 387 West 8th Avenue located in?
The 387 West 8th Avenue is a multifamily located in the neighborhood of Necko in University District, Columbus.
What is the average sales price for listings in 387 West 8th Avenue?
The average sales price for units in 387 West 8th Avenue is $520,000 , or $152/sqft. currently.

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