NOT LISTED FOR SALE

1127 E Locust St Lancaster, OH 43130

Estimated Value: $134,000 - $237,000

2 Beds
2 Baths
1,488 Sq Ft
$118/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $95,000 $64 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,148/month

4 Days on Market

About This Home

As of September 2021

Well maintained duplex. to be sold as a package deal with 1131 E. Locust St, and 1135 E. Locust St. Updates throughout. *May require flood insurance.

Last Agent to Sell the Property

Destini Bramlage

Howard HannaRealEstateServices Listed on: 07/09/2021

Last Buyer's Agent

Thomas Cernus

CR Inactive Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,423

Year Built

  • Built in 1980

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 1,488 Sq Ft Home
  • Duplex

Listing and Financial Details

  • Assessor Parcel Number 05-35149-700

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $14,400
  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,423

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1980
  • Tax Year: 2020
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Total Gross Income: 14400.0
  • Co List Office Phone: 740-687-1516
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 80.65
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 14400.0
  • General Property Info Building Sq Ft: 1488.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-35149-700
  • Lot Size Sq Ft: 5227.2

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 14400.0

Tax Info

  • Tax Annual Amount: 1423.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 30, 2021
Sold by
1125 Locust Street Llc
Bought by
Thornton George T and Thornton Betty L
Seller's Agent
Destini Bramlage
Howard HannaRealEstateServices
Buyer's Agent
Thomas Cernus
CR Inactive Office
List Price
$120,000
Sold Price
$95,000
Premium/Discount to List
-$25,000
-20.83%
Current Estimated Value
$176,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,044
Avg. Annual Appreciation
15.31%
Original Mortgage
$195,000
Outstanding Balance
$150,324
Interest Rate
2.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$25,720

Purchase Details

Closed on
May 24, 2012
Sold by
Shumaker Richard L and Shumaker Margaret S
Bought by
1125 Locust Street Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thornton George T $285,000 None Available
1125 Locust Street Llc $320,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton George T $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $95,000 -20.8% $64 / Sq Ft
07/09/2021 07/09/21 For Sale $120,000 -- $81 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,797 $31,110 $5,790 $25,320
2023 $1,156 $31,110 $5,790 $25,320
2022 $1,163 $31,110 $5,790 $25,320
2021 $1,416 $35,500 $5,790 $29,710
2020 $453 $35,500 $5,790 $29,710
2019 $1,293 $35,500 $5,790 $29,710
2018 $323 $28,240 $5,790 $22,450
2017 $1,078 $28,090 $5,640 $22,450
2016 $1,051 $28,090 $5,640 $22,450
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Destini Bramlage

    Howard HannaRealEstateServices

  • T

    Buyer's Agent in 2021

    Thomas Cernus

    CR Inactive Office

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221025465

Columbus and Central Ohio Regional MLS

APN: 05-35149-700

Ohio Fairfield County Lancaster 43130

1127 E Locust St, Lancaster, OH

Not Listed for Sale

MultiFamily

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