Nearly half are in New Albany and Upper Arlington.
Examining the 50 most expensive residential real estate transactions in Central Ohio for 2019 has shown that New Albany and Upper Arlington tied for the most sales, each with 12 high-end sales during the year. With a total of 24 transactions, these two suburbs account for almost half of all the top sales in Central Ohio for the year.
The highest-priced transaction in Central Ohio was $3.7 million in the Lambton subdivision of New Albany, purchased by a company named LJHB LLC. Although LLC records give no indication of the real property owner, the seller was listed as Richard Langdale, a venture capitalist and tech entrepreneur who founded his first company while a student at Ohio State University back in 1986. Taxes paid on the property in 2019 were approximately $63,000, according to the Franklin County Auditor’s website.
Also in New Albany, home construction has continued at a fairly rapid pace in the last several years. Highgrove Farms, an area with estate-sized homes, is currently the newest neighborhood selling the biggest houses. Blue Jackets hockey player Gustav Nyquist purchased one for $1.9 million last year. Nyquist reportedly has a $22-million, four-year contract with the Jackets.Like what you’re reading? Subscribe to our weekly newsletters.
Tremont Road in Upper Arlington claimed four of 2019’s top sales. The two highest-priced homes in Arlington were at 1981 Tremont Road ($2.1 million) and 2081 Tremont Road ($2 million). Both were purchased in the name of trustees.
Perhaps fueling the Upper Arlington market is its close proximity to Ohio State University’s Wexner Medical Center, where physicians in the last decade have been recruited with paychecks that are competitive to east and west coast salaries. According to Columbus Monthly in January 2019, the OSU health care facility was projected to spend $1.48 billion on salaries during that fiscal year. Some physicians' salaries, including their teaching duties at OSU’s medical school, have soared to approximately $1 million a year.
Other suburbs with top sales in 2019 include Dublin with seven. The top transaction was in Tartan Fields on Corazon Drive for $2.2 million. (The tax bill for the property is about $44,000 per year, according to the Union County Auditor’s website.) Buyers were Richard and Darbie Everhart.
Bexley had six of the top 50 sales, including one just outside the suburb’s boundary on Park Drive. The highest-priced sale was for $1.9 million on North Parkview by Timothy B. Robinson, CEO of Nationwide Children’s Hospital, and Jane P. Doerr-Robinson, his wife.
Westerville had three sales in the top 50 for 2019, including two on Silver Lake Court near Hoover Reservoir and a third on Lake Shore Avenue in the Highland Lakes subdivision. The highest price of the three was $1.5 million.
A detailed look at expensive properties in the city of Columbus shows one high-end sale in German Village at $1.3 million. Victorian Village’s most expensive property, on Buttles Avenue overlooking Goodale Park, also sold for $1.3 million.
In the Arena District, new condominiums overlooking the north bank of the Scioto River house everyone from CEOs to hockey players. Sales prices of these new units, some as small as 1,400 square feet, have soared to $2.6 million in 2019.