NOT LISTED FOR SALE

162 Lake St Lancaster, OH 43130

Estimated Value: $224,000 - $281,660

7 Beds
4 Baths
2,988 Sq Ft
$82/Sq Ft Est. Value

Last Sold October 10, 2019

Last sale price $121,000 $40 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,750/month

7 Days on Market

Highlights

  • Attached Garage
  • Forced Air Heating System
  • 4-minute walk to Rising Park
  • Window Unit Cooling System

About This Home

As of October 2019

3 unit rental property. 162 Lake St, 2 story 2 bedroom rental, first floor includes living room, dinning room, kitchen, 2nd floor includes 2 bedroom and full bathroom. Laundry room located in basement.. 162.5 Lake St., 2 story 2 bedroom rental, first floor includes living room, dinning room, kitchen, 2nd floor includes 2 bedroom and full bathroom. Laundry room located in basement. New roof in 2017 and gutters on front unit and new gutters and pipe boot located in rear unit. All utilities paid by tenants and are separated.

Last Agent to Sell the Property

Alissa Pugh-Clark

Rise Realty License #2005015356 Listed on: 07/30/2019

Rise Realty

Last Buyer's Agent

Alissa Conrad

Rise Realty License #2016001741

Rise Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • 2,988 Sq Ft Home
  • Mixed Use
  • Vinyl Siding

Parking

  • Attached Garage
  • Off-Street Parking: 1

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 05-32097-100

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $1,992
  • Gross Income $19,920
  • Net Operating Income $17,928

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2018
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.16
  • Total Gross Income: 19920.0
  • Co List Office Phone: 740-654-5552
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 40.5
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 19920.0
  • Annual Expenses: 1992.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2988.0
  • Heat Fuel Electric4: Yes
  • Addl Acceptance Cond Real Estate Owned: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features 1 Car Garage2: Yes
  • Parking Features Attached Garage2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-32097-100
  • Lot Size Sq Ft: 6969.6

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 17928.0
  • Annual Operating Expense: 1992.0

Tax Info

  • Tax Annual Amount: 1605.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2019
Closed on
Oct 7, 2019
Sold by
Snide Kathy E and Estate Of Estate Of Robert V S
Bought by
Rvs Properties Llc
Seller's Agent
Alissa Pugh-Clark
Rise Realty
Buyer's Agent
Alissa Conrad
Rise Realty
List Price
$121,000
Sold Price
$121,000
Current Estimated Value
$240,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,082
Avg. Annual Appreciation
11.87%
Original Mortgage
$90,750
Outstanding Balance
$79,502
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$164,163

Purchase Details

Closed on
Jun 29, 2015
Sold by
Snide Robert V and Robert V Snide Revocable Trust
Bought by
Rvs Properties Llc

Purchase Details

Closed on
Jan 3, 2004
Sold by
Snide Robert V
Bought by
Snide Robert V and Robert V Snide Revocable Trust

Purchase Details

Closed on
Jan 31, 2003
Sold by
Fowler Traci L
Bought by
Snide Robert V

Purchase Details

Closed on
Jan 22, 2002
Sold by
Barker Ronald E
Bought by
Fowler Traci L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rvs Properties Llc $121,000 Valmer Land Title Agency
Rvs Properties Llc -- Attorney
Snide Robert V -- --
Snide Robert V -- --
Fowler Traci L $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rvs Properties Llc $90,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2019 10/10/19 Sold $121,000 0.0% $40 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
07/30/2019 07/30/19 For Sale $121,000 -- $40 / 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 $5,949 $66,170 $6,670 $59,500
2023 $2,458 $66,170 $6,670 $59,500
2022 $2,473 $66,170 $6,670 $59,500
2021 $2,027 $50,830 $6,670 $44,160
2020 $1,945 $50,830 $6,670 $44,160
2019 $1,851 $50,830 $6,670 $44,160
2018 $481 $41,470 $6,670 $34,800
2017 $1,606 $41,850 $7,210 $34,640
2016 $1,565 $41,850 $7,210 $34,640
2015 $1,553 $40,310 $7,210 $33,100
2014 $1,482 $40,310 $7,210 $33,100
2013 $1,482 $40,310 $7,210 $33,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219028196

Columbus and Central Ohio Regional MLS

APN: 05-32097-100