NOT LISTED FOR SALE

324 S Broad St Lancaster, OH 43130

-- Bed
-- Bath
4,813 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: August 23, 2021

Last sale price $225,000 $47 Per Sq Ft

104 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • 4-minute walk to Firehouse Park

About This Home

As of August 2021

5 unit multi family located in Lancaster. Some long term Tenants. 100% occupied. Gross income is $37,740.00 a year. Two units have a new furnace. One unit has a new ac unit, hot water tank and chimney liner. Roof has hip caps replaced and all slates checked. Priced well below income approach at $249,900.00.

Last Agent to Sell the Property

Melissa Frank

Century 21 Darfus Realty License #2005016620 Listed on: 06/02/2021

Century 21 Darfus Realty

Last Buyer's Agent

Melissa Frank

Century 21 Darfus Realty License #2005016620 Listed on: 06/02/2021

Century 21 Darfus Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,012

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Mixed Use
  • Frame Construction
  • Vinyl Siding

Parking

  • On-Street Parking
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 05-35061-000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Operating Expense $4,224
  • Gross Income $37,740
  • Net Operating Income $31,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,012

Year Built

Built in 1900

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2020
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.16
  • Total Gross Income: 37740.0
  • Co List Office Phone: 740-687-1011
  • MLS Status: Closed
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 37740.0
  • Annual Expenses: 4224.0
  • Heat Fuel Gas4: Yes
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-35061-000
  • Lot Size Sq Ft: 6969.6

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 31536.0
  • Annual Operating Expense: 4224.0

Tax Info

  • Tax Annual Amount: 3012.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
08/23/2021 08/23/21 Sold $225,000 -10.0% $47 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $249,900 0.0% $52 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $249,900 -- $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 $5,105 $83,820 $14,190 $69,630
2024 $5,105 $56,790 $11,420 $45,370
2023 $2,888 $56,790 $11,420 $45,370
2022 $2,913 $56,790 $11,420 $45,370
2021 $2,995 $56,790 $11,420 $45,370
2020 $2,896 $56,790 $11,420 $45,370
2019 $2,781 $56,790 $11,420 $45,370
2018 $2,799 $58,550 $11,420 $47,130
2017 $2,792 $58,550 $11,420 $47,130
2016 $2,697 $58,550 $11,420 $47,130
2015 $2,724 $58,550 $11,420 $47,130
2014 $2,604 $58,550 $11,420 $47,130
2013 $2,604 $58,550 $11,420 $47,130
Source: Public Records

Agents Affiliated with this Home

  • Melissa Frank

    Seller's Agent in 2021

    Melissa Frank

    Century 21 Darfus Realty

    (740) 407-3188

    113 Total Sales

    Melissa Frank
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221009202

Columbus and Central Ohio Regional MLS

APN: 053-50610.00

Ohio Fairfield County Lancaster 43130

324 S Broad St, Lancaster, OH

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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.
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