Ashley Ohio Home Sales January 2-8, 2017

Ashley Ohio Property Transfers

January 2-8, 2017

Only one property transferred in Ashley, Ohio this week with the single-family home selling for $135,900.

Total transactions in Ashley, Ohio including price, address, buyer, and zoning.

  1. $135,900, 403 South Street, Jordan L. and Amanda J. Damon, 510 – single family dwelling.

2017 Ashley Ohio Sale Statistics
  • Sales This Week: 1
  • Sales Volume This Week: $135,900
  • Year-To-Date Sales: 1
  • Year-To-Date Sales Volume: $135,900
  • Average Year to Date Sales Price: $135,900

Powell Hosting Transportation Workshop

How to Get Around Downtown Powell

150518_KeepPowellMoving_RGB-300x280
City of Powell will have its first Keep Powell Moving Public Workshop on Tuesday, June 28, from 7-9 p.m. at the Municipal Building’s Council Chamgers.

The event will include discussion on how to get around downtown and more.

The Municipal Building is located at 47 Hall Street in Powell, Ohio.

Sunbury Holiday Inn Sells For $3,500,000

Inspire Hospitality LLC may not be a doctor, but now they own a Holiday Inn Express.

The company purchased the hotel – located at I-71 and State Route 37 – for $3,500,000 this week.

The 61-room hotel has an indoor pool and rooms average $121 – $167 per night according to TripAdvisor.

Located on Eastwind Drive, the property is caddy-corner the I-71 interchange from the Tangier Outlet Malls that are set to open later this month.

Refinancing Saves Delaware Residents Money

delaware saves money on refinance

Study: Delaware No.1 in Refinance Savings

A recent SmartAsset study highlighted the amount of money saved per refinance and named Delaware County as tops in Ohio and #348 on the national level.

Delaware and Warren Counties ran first and second. Which seems fitting in that for most of the 21st-century the two have swapped the fastest growing county in the state title. That growth was easily seen in that the number of refinances in the top two counties each nearly equalled the next three combined.

Savings Per Refinance

Ohio’s Top Five

# City Refinances Avg. Refinance Avg. Yearly Savings
1. Delaware 2,077 $212,825 $2,593
2. Warren 2,357 $184,844 $2,252
3. Union 463 $176,289 $2,148
4. Geauga 804 $174,189 $2,122
5. Hamilton 1,012 $154,948 $1,888

Upon first look, I really was struggling to see if there was value in this as a “real” story or just a set of numbers tossed into ranking … because well with “big data” we can. But then it hit me.

Economic Impact. That’s the power of this study.

The house has – unfortunately – been the way the lower and middle classes have established wealth. And with the house crash we saw much of that wealth come crashing down. This study is showing that about $5 million has been saved on mortgage payments. Put another way, that is $2,593 that the 2,077 residents are able to pump back into our local economy. The data, which is from 2014, also shows the average refinance was for $212,825 which is well below the County’s average sale price of $288,049 during the same time period. Which is to be expected with really needing 80% loan-to-value to make a refinance worth it in most cases.

Savings Per Refinance

Nationally

# City Refinances Avg. Refinance Avg. Yearly Savings
1. Pitken, CO 256 $993,141 $13,388
2. Granite, MT 15 $818,733 $10,709
3. New York, NY 3,022 $832,831 $10,146
4. Nantucket, RI 222 $766,140 $9,333
5. Union, NM 23 $702,000 $8,693

When extrapulated to the national level, it becomes obvious that the biggest numbers are going to be found in highest priced counties. For good reason, they paid more for the house in the first place and the refinances are going to save more “hard” dollars.

All-in-all the only real interest in this story is the potential economic impact of these refinances in these areas.

“3 Central Ohio Counties Tops in the State,” Columbus Business First, 2016.

Tartan Fields’ Home Sells For $765k

Prestigious Sub Division Lands Two in Top Five

Tartan Fields was popular this week with two of the top five single-family real estate transactions occuring in the prestigious community.

That included the highest-sold price home this week for $765,700. 10017 Archer Lane is a 5 bedroom, 4.1 bathroom home with 4,107 square feet that sits on a 0.4 acre lot.

tartan fields home sold for 765700
Delaware County’s top priced single family home this week is in Tartan Fields. [delaware county auditor]
The rest of the top five included:

  1. $765,700. 10117 Archer Lane, Dublin.
  2. $759,000. 617 Winter Road, Delaware.
  3. $704,332. 1389 Guilford Road, Delaware.
  4. $690,000. 7769 Tartan Fields Drive, Delaware.
  5. $682,000. 10400 Sage Creek Drive, Galena.

By comparison the cheapest valid transfer in Delaware County last week was on a Rivercrest condo for $58,000.

On a whole, Delaware County had 109 valid transfers last week. Total market value was $35,801,589 or an average of $328,454 per transfer.

Epcon Pays $2.3 Million For Church Site

courtyard at bradford court
Courtyard at Bradford Court, an Epcon community, took a major step forward with $2.3 Million purchase. [delaware county auditor]

Epcon Bradford made a huge step in The Courtyards at Bradford Court last week when it purchased the former Sawmill Baptist Church for $2,333,520.

Triangle Properties LLC, a local real estate development company, purchased the property from Sawmill Baptist Church at $1,391,250 and the second parcel for $500,000 from a private owner. Consolidating the parcels and sending to Epcon Bradford the same day.

The property consists two parcels – a total of 17 acres – which includes the 7,000+ square foot church and several other structures.

The company plans to build about 60 units on the site with three housing models ranging from 1,500 to 2,769 square feet. Despite pricing not being available yet, Courtyard at Bradford Court is already about 17% reserved.

95 Acres Nets $1.23 Million in Harlem Township

Grace Brethren Church Land Transferred

6311 Miller Paul Road Westerville Ohio
Auditors photograph of 6311 Miller Paul Road in 2009.

The Columbus Grace Brethren Church has sold more than 95 acres, located at 6311 Miller Paul Road in Westerville, that is aquired a year ago for $1,213,330 according to the Delaware County Auditor.

DNJS Investments LLC, based in Johnstown, purchased the property. According to public records, the LLC has been in existence for seven years and John Nezbarger serves as agent.

The property was donated to the church by the late John Barnhard’s estate in 2014.