NOT LISTED FOR SALE

1500 W Fair Ave Lancaster, OH 43130

Estimated Value: $155,000 - $222,596

3 Beds
2 Baths
1,920 Sq Ft
$98/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2017

Last sale price $92,000 $48 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,434 / mo

62 Days on Market

About This Home

As of April 2017

Well-established investment opportunity along the growing Route 33 corridor. Easy access to plenty of shopping, dining, museums and more. Corner lot listing located less than a mile from both Memorial Drive and Ety Road, and less than 2 miles from both the Lancaster Heritage District and Ety Pointe. The city is also home to the nationally renowned Lancaster Music Festival. Outside you'll find plenty of parking space on the double-sized lot. The two units are occupied by long-term tenants, on month-to-month rentals. Each features essentially same easy-care layout, including large kitchen plus laundry closet & eat-in space, along w/nice-sized living space, central bath, linen closet and two bedrooms. The upper unit includes recent updates,lower offers side & rear doors.

Last Agent to Sell the Property

Doug Parker

Sorrell & Company, Inc. License #359552 Listed on: 02/18/2017

Last Buyer's Agent

Tammy Gordon

Century 21 Excellence Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1993

Lot Details

  • 5,663

Home Design

  • 1,920 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Off-Street Parking: 1

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System

Additional Features

  • Washer and Dryer Hookup
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 05-31169-700

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $2,000
  • Gross Income $12,600
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1993

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1993
  • Tax Year: 2016
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.13
  • Total Gross Income: 12600.0
  • Co List Office Mls Id: 08400
  • Co List Office Phone: 614-488-0707
  • Co List Office Phone: 614-488-0707
  • MLS Status: Closed
  • Subdivision Name: COLE MARTIN TOWSON ADD
  • Location Property Info List PriceSqFt: 52.03
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 12600.0
  • Annual Expenses: 2000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1920.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Air Conditioning Central Air: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-31169-700
  • Lot Size Sq Ft: 5662.8
  • Zoning Description: residential

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 10000.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 1300.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2017
Closed on
Apr 21, 2017
Sold by
Bought by
Seller's Agent
Doug Parker
Sorrell & Company, Inc.
Buyer's Agent
Tammy Gordon
Century 21 Excellence Realty
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%
Current Estimated Value
$188,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,498
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Apr 22, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 1993
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$92,000 None Available
-- Attorney
$15,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/25/2017 04/25/17 Sold $92,000 -7.9% $48 / Sq Ft
03/26/2017 03/26/17 Pending -- -- --
02/18/2017 02/18/17 For Sale $99,900 -- $52 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,997 $62,090 $9,850 $52,240
2024 $4,997 $55,580 $5,300 $50,280
2023 $2,079 $55,580 $5,300 $50,280
2022 $2,089 $55,580 $5,300 $50,280
2021 $1,605 $39,940 $5,300 $34,640
2020 $1,540 $39,940 $5,300 $34,640
2019 $1,466 $39,940 $5,300 $34,640
2018 $1,332 $36,160 $5,300 $30,860
2017 $1,333 $34,640 $5,300 $29,340
2016 $1,300 $34,640 $5,300 $29,340
2015 $1,342 $34,820 $5,300 $29,520
2014 $1,280 $34,820 $5,300 $29,520
2013 $1,280 $34,820 $5,300 $29,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217004641

Columbus and Central Ohio Regional MLS

APN: 05-31169-700

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