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1577 E Weber Rd
Score
0
Columbus, OH

1577 E Weber Rd

290K
6 bd • 0 ba • 2,250 sf

This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$290,000

Price/Sq.Ft

$129

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Low Price per Square Foot: At $128.89 per square foot, the property is priced below the average for Columbus, potentially offering a good value if the condition is acceptable. • Large Number of Bedrooms: With 6 bedrooms, the property has the potential to accommodate a large family or be used as a rental property, generating significant income. • Proximity to Amenities: Located on Weber Rd, the property is likely close to various amenities such as shops, restaurants, and public transportation. Reviewing a map will confirm specific nearby amenities.

The Bad

• Missing Information: The lack of property description, room details, and utility information makes it difficult to assess the property's true value and potential. • Unknown Year Built: The unknown year built makes it difficult to assess the property's condition and potential maintenance needs. Older homes may require more repairs and updates. • High Bedroom Count, Low Income Area: The median income in the area is $30,106, which is relatively low. The high number of bedrooms in the house suggests that it may have been used as a boarding house or a multi-family rental. This type of property can have higher maintenance costs and tenant turnover.

The Ugly

• Potential for Significant Repairs: Without knowing the age or condition of the property, there is a high risk of needing significant repairs, especially to the roof, foundation, plumbing, and electrical systems. These repairs could cost tens of thousands of dollars. • Zoning Restrictions: Depending on the zoning, there may be restrictions on using the property as a multi-family rental or boarding house. This could limit the property's income potential. • Safety Concerns: Without knowing the specific neighborhood crime statistics, there is a risk that the property is located in an area with high crime rates. This could impact property value and insurance rates.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking rental income: With 6 bedrooms, this property has the potential to generate significant rental income, especially given the proximity to Ohio State University. According to 2023 data, a four-bedroom rental in Columbus averages $1,577 per month. Renting out individual rooms could potentially exceed this average. • Buyers looking for a large house at a low price per square foot: At $128.89 per square foot, this property is priced below average compared to other houses in Columbus. This could be attractive to buyers looking for a spacious home on a budget. • Buyers comfortable with older homes and potential renovations: Given that the year built is unknown, it's likely an older property that may require updates and renovations. Buyers who are prepared for this and see the potential to increase the property's value through improvements may find this appealing.

Not For

• Buyers seeking a modern, move-in ready home: With an unknown build year and lack of listed features, this property is unlikely to be fully updated. Buyers looking for a turnkey property should consider other options. • Buyers with limited renovation budgets: Older homes often require significant repairs and updates. Buyers who cannot afford potential renovations may find this property financially challenging. • Risk-averse buyers: The lack of information on the property's condition, utilities, and systems creates uncertainty. Buyers who prefer properties with detailed disclosures may find this property too risky.
Demographics
Area Median Income

$30,106

Property History

Price History
Ownership Timeline
$290,000Financed
Oct 27, 2023
1577 E Weber LlcTom Putsawatanachai, Jerry Putsawatanachai
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Aug 25, 2023
Mark E Jones1577 E Weber Llc
Warranty Deed
Non-Arm's Length Transactions
$6,000Cash Purchase
Apr 15, 2011
Edgil E Weaver, Michelle L WeaverMark E Jones
Intrafamily Transfer
Non-Arm's Length Transactions
$37,400Cash Purchase
Dec 17, 2008
Deutsche Bank National Trust CompanyEdgil Weaver
Special Warranty Deed
Standard Sale (Purchase/Resales)
$50,000Cash Purchase
Jul 9, 2008
Patricia Cannon, Patricia ThomasDeutsche Bank National Trust Co, Morgan Stanley Mortgage Loan Trust 2005-
Sheriffs Deed
Foreclosure
$118,500Financed
Oct 10, 2005
Michael T Davis, Marcia A DavisPatricia Cannon
Warranty Deed
Standard Sale (Purchase/Resales)
$112,500Cash Purchase
Sep 16, 2004
Carol B SteinMichael T Davis
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• Unknown Property Condition: The lack of property details and description makes it difficult to assess the property's condition. A thorough inspection is crucial to identify potential issues and estimate repair costs. • Unclear Utility Costs: Without utility information, it's impossible to estimate monthly expenses. Contacting the utility companies and previous owners (if possible) is essential to gather this information. • Crime Rates: Columbus has areas with varying crime rates. Researching crime statistics for the specific neighborhood surrounding 1577 E Weber Rd is essential. Consider contacting the Columbus Division of Police for more detailed information. • Older Housing Stock: Many neighborhoods in Columbus have older homes, which can be charming but may require more maintenance and updates. Be prepared for potential repairs and renovations. Inspect for lead paint and asbestos, especially in homes built before 1978.

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Financials

Monthly Costs
Market Rent (6 bed)

$1,577

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$290,000
Price/sqft
$129
Layout
6 bd0 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$277,250

4.6%

Your price is 4.6% above average

Median Price

$216,500

33.9%

Based on 6 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

1437-1439 E Hudson Street #1437, Columbus, OH 43211
Price: $525,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/14/2025
1196-1198 E 26th Avenue, Columbus, OH 43211
Price: $177,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/8/2025
1202-1204 E 26th Avenue, Columbus, OH 43211
Price: $177,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/8/2025
1573-1579 Cordell Ave Avenue, Columbus, OH 43211
Price: $375,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/17/2024
1799 Genessee Avenue #1801, Columbus, OH 43211
Price: $192,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/21/2024
2956-2958 Pontiac Street, Columbus, OH 43224
Price: $216,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/25/2024

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