NOT LISTED FOR SALE

1131 E Locust St Lancaster, OH 43130

Estimated Value: $127,000 - $162,000

2 Beds
2 Baths
1,488 Sq Ft
$102/Sq Ft Est. Value

Last Sold September 30, 2021

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

Est. 60% increase in value since last sale

Current estimated payment $1,025/month

63 Days on Market

Highlights

  • Window Unit Cooling System
  • Heating Available
  • 3-minute walk to Mary Burnham Park

About This Home

As of September 2021

Live in one unit and rent the other, be mortgage free! Fully occupied duplex, currently rented below market value at $600/ unit. Each unit is 2bed 1bath. *May Require Flood Insurance

Seller would prefer to sell as a package deal with 1135 E Locust St. Lancaster OH 43130

Last Agent to Sell the Property

Destini Bramlage

Howard HannaRealEstateServices Listed on: 06/03/2021

Last Buyer's Agent

Thomas Cernus

CR Inactive Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1980

Lot Details

  • 5,227

Parking

  • Off-Street Parking: 1

Home Design

  • 1,488 Sq Ft Home
  • Duplex

Utilities

  • Window Unit Cooling System
  • Heating Available

Additional Features

  • Washer and Dryer Hookup
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 05-35149-600

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

$1,350

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
  • Income Expenses Gross Income: 14400.0
  • General Property Info Building Sq Ft: 1488.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Cooling Y N: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-35149-600
  • Lot Size Sq Ft: 5227.2

Multi Family

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

Tax Info

  • Tax Annual Amount: 1350.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 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
$139,000
Sold Price
$95,000
Premium/Discount to List
-$44,000
-31.65%
Current Estimated Value
$152,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,330
Avg. Annual Appreciation
14.31%
Original Mortgage
$195,000
Outstanding Balance
$157,233
Interest Rate
2.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$4,780

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

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 Change Sq Ft Price
09/30/2021 09/30/21 Sold $95,000 -20.8% $64 / Sq Ft
07/09/2021 07/09/21 Price Changed $120,000 -7.0% $81 / Sq Ft
07/06/2021 07/06/21 Price Changed $129,000 -3.7% $87 / Sq Ft
06/17/2021 06/17/21 Price Changed $134,000 -3.6% $90 / Sq Ft
05/11/2021 05/11/21 For Sale $139,000 -- $93 / 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 $2,657 $29,550 $5,790 $23,760
2023 $1,098 $29,550 $5,790 $23,760
2022 $1,104 $29,550 $5,790 $23,760
2021 $1,343 $33,670 $5,790 $27,880
2020 $430 $33,670 $5,790 $27,880
2019 $1,226 $33,670 $5,790 $27,880
2018 $307 $26,850 $5,790 $21,060
2017 $1,025 $26,700 $5,640 $21,060
2016 $999 $26,700 $5,640 $21,060
2015 $993 $25,780 $5,640 $20,140
2014 $948 $25,780 $5,640 $20,140
2013 $948 $25,780 $5,640 $20,140
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: 221015416

Columbus and Central Ohio Regional MLS

APN: 05-35149-600

Ohio Fairfield County Lancaster 43130

1131 E Locust St, Lancaster, OH

This home is located at 1131 E Locust St, Lancaster, OH 43130 since 03 June 2021 and is currently estimated at $152,330, approximately $102 per square foot. This property was built in 1980. 1131 E Locust St is a home located in Fairfield County with nearby schools including Thomas Ewing Junior High School, Lancaster High School, and St Mary Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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