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(SOLD) $670,000

3155 Sycamore Drive Columbus, IN  47203

Property Description for 3155 Sycamore Drive Columbus, IN 47203

Discover this beautifully renovated quadplex, a fantastic investment opportunity nestled in a sought-after neighborhood. Each of the four units offers approximate 975 square feet of comfortable living space, making it ideal for both long-term and short-term rentals or an excellent house hacking opportunity. Each unit features 2 spacious bedrooms and 1.5 bathrooms, providing ample space for tenants or owners. The layout includes a cozy living room, a well-appointed kitchen, and a dining area, all designed for modern living. Enjoy the privacy of a separate entrance for each unit, enhancing the appeal for renters or owners who value independence. The entire property has been meticulously updated over the past 2-3 years, ensuring a move-in ready experience. Upgrades include all-new appliances and three new A/C furnaces, offering energy efficiency and reliability. Currently, two units are leased as long-term rentals, while the other two serve as successful Airbnb rentals, providing a blend of steady-income and high revenue potential. Each unit comes with its own designated parking spot, adding convenience for residents. Additionally, a wonderful outdoor area offers a communal space for relaxation or entertaining guests. Situation in a great neighborhood known for its charm and conveniences, this property offers easy access to location amenities, schools, parks, and public transportation. The area's appeal ensures strong rental demand and potential for long-term appreciation. Whether you're an investor looking to expand your portfolio or a savvy buyer interested in house hacking, this quadplex presents an outstanding opportunity. Live in one unit while renting out the others to cover your mortgage and generate additional income. The mix of long-term and short-term rentals provides a flexible strategy to maximize returns based on your financial goals. This is more than just a property; it's a chance to secure a solid investment in a thriving community.

Address:3155 Sycamore Drive Columbus IN 47203
Status:Sold
Sold On: 10/25/2024
Price:$699,900
Bathrooms:0
Year Built:1969
Lot Size:0.30
County: Bartholomew
Township: Columbus
MLS #:21998264
Property Type:Fourplex

Lot Dimensions:13068
Road Frontage:City Street
Road Access:See Remarks
Road Surface:Asphalt
Directions:GPS Friendly

Loan Price
$4,384
Price And Interest $3,495/month
Property Tax $610/month
MTG INS $0/month
HOME INS $279/month
Price
$670,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$610/month
Home Owner Insurance
$3,348 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$3,659
Tax Year:2023
Mandatory HOA Fee:$

Area: 317 - Bartholomew - Columbus Southwest
Subdivision: Forest Park West
Zip Code:47203

Jessica Risacher, REALTOR®/Broker, F. C. Tucker Company
Jessica Risacher
Additional Phone (812) 592-5875
F.C. Tucker Company

Listing provided courtesy of Becky Dehart-Kiel with Berkshire Hathaway Home from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/25/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Columbus Market Report

102
Avg. DOM
$179.62
Avg. $ / Sq.Ft.
$ 339,500
Med. List Price

The house prices in Columbus are indeed dropping at the moment. There has been a decrease in price of $7,882.41. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Columbus are going Down. The average house price is $354,500.00 and the average price per square feet is $174.76 per square feet. At the moment, the amount of homes listed is exactly 928 houses, with 158 with active status, 83 with pending status and 687 sold in Columbus .

The most popular place to buy a home in Columbus is 316 - Bartholomew - Columbus Northeast. 316 - Bartholomew - Columbus Northeast is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Columbus .

The average amount of property taxes you would have to pay for a home in Columbus is $3,389.24. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Columbus are staying listed for an average of 81 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Columbus was 1795 minutes ago.

At the moment we have 9 open houses that you can visit.

The cost of the most expensive home in Columbus is $19,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Columbus is $99,950.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Columbus in year 1877 and the newest built house is in year 2024.

The average size of properties in Columbus is 2950.54 sq.ft. , the biggest one being 19714 sq.ft. and the smaller being 694 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.