NOT LISTED FOR SALE

407 E 5th Ave Lancaster, OH 43130

Estimated Value: $237,037 - $274,000

3 Beds
2 Baths
1,720 Sq Ft
$148/Sq Ft Est. Value

Last Sold April 02, 2013

Last sale price $52,500 $31 Per Sq Ft

Est. 386% increase in value since last sale

Current estimated payment $1,766/month

94 Days on Market

Highlights

  • Fenced Yard
  • Patio
  • Forced Air Heating and Cooling System
  • Detached Garage

About This Home

As of April 2013

Circa 1900 2 story in the heart of Old Lancaster! Much of the restoration already completed. Grand rooms with decorative fireplaces, built-ins and much more. Large spa bath upstairs plus full tub/shower bath on first floor. Original hardwood floors refinished in many areas. Split staircase allows for 2nd floor access from kitchen. Large fenced backyard with walk to original carriage barn. HUD Homes sold AS IS & an equal housing opportunity. INSURED $0 Escrow 203k eligible.

Last Agent to Sell the Property

Ajay Pandya

Keller Williams Greater Cols Listed on: 12/01/2012

Last Buyer's Agent

Richard Shearrow

RealtyOhio Real Estate License #2005014403

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,020

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced Yard

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,720 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Insulated Windows
  • Partial Basement
  • Laundry on lower level

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Detached Garage
  • On-Street Parking

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • HUD Owned
  • Assessor Parcel Number 0533027900

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,020

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential
  • Accessible Features: No
  • Year Built: 1900
  • Tax Year: 2011
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Fenced
  • Lot Size Acres: 0.17
  • Co List Office Phone: 614-944-5900
  • MLS Status: Closed
  • Subdivision Name: T B Cox JR
  • Reso Fireplace Features: Decorative
  • Reso Interior Features: Dishwasher, Microwave
  • Unit Levels: Two
  • New Construction: No
  • Reso Window Features: Insulated All
  • Location Property Info List PriceSqFt: 39.24
  • Basement Basement YN2: Yes
  • Rooms LL Laundry: Yes
  • Rooms:Living Room: Yes
  • Air Conditioning Central: Yes
  • Interior Amenities Microwave: Yes
  • Foundation:Block: Yes
  • Exterior Vinyl Siding: Yes
  • Windows Insulated All: Yes
  • Interior Amenities Dishwasher: Yes
  • Addl Acceptance Cond HUD: Yes
  • Levels Two2: Yes
  • Fencing Fenced Yard: Yes
  • Common Walls No Common Walls: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Upstairs Bedrooms: 3
  • Upstairs 1 Full Bathrooms: 1
  • Entry Level Full Bathrooms: 1
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • General Property Info Baths FH: 2.0
  • Other Rooms:Dining Room: Yes
  • Basement Description:Partial: Yes
  • Fireplace:Decorative: Yes

Exterior Features

  • Common Walls: No Common Walls
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Patio and Porch Features Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Detached Garage, On Street
  • Parking Features 2 Car Garage: Yes
  • Parking Features Detached Garage: Yes
  • Parking Features On Street: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Gas2: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 0533027900
  • Lot Size Sq Ft: 7405.2

Tax Info

  • Tax Annual Amount: 1019.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2013
Sold by
Autumnwood Homes Inc
Bought by
Sedlack Michael P
Current Estimated Value
$255,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Outstanding Balance
$14,291
Interest Rate
4.56%
Mortgage Type
New Conventional
Estimated Equity
$240,718

Purchase Details

Listed on
Dec 1, 2012
Closed on
Apr 1, 2013
Sold by
The Secretaty Of Housing And Urban Devel
Bought by
Autumnwood Homes Inc
Seller's Agent
Ajay Pandya
Keller Williams Greater Cols
Buyer's Agent
Richard Shearrow
RealtyOhio Real Estate
List Price
$75,000
Sold Price
$52,500
Premium/Discount to List
-$22,500
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.19%

Purchase Details

Closed on
Oct 5, 2012
Sold by
Westhoven Kip R
Bought by
Midfirst Bank

Purchase Details

Closed on
Sep 26, 2012
Sold by
Midfirst Bank
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jul 9, 2001
Sold by
Stevenston M James
Bought by
Westhoven Kip R and Westhoven Carmen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,808
Interest Rate
7.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sedlack Michael P $77,000 None Available
Autumnwood Homes Inc $52,500 None Available
Midfirst Bank $145,286 None Available
Secretary Of Hud -- None Available
Westhoven Kip R $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sedlack Michael P $54,000
Previous Owner Westhoven Kip R $107,808
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $52,500 -30.0% $31 / Sq Ft
03/03/2013 03/03/13 Pending -- -- --
12/01/2012 12/01/12 For Sale $75,000 -- $44 / 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 $5,212 $57,970 $8,830 $49,140
2023 $2,109 $57,970 $8,830 $49,140
2022 $2,117 $57,970 $8,830 $49,140
2021 $1,803 $46,250 $8,830 $37,420
2020 $1,728 $46,250 $8,830 $37,420
2019 $1,642 $46,250 $8,830 $37,420
2018 $1,297 $35,040 $8,830 $26,210
2017 $1,298 $34,700 $8,500 $26,200
2016 $1,264 $34,700 $8,500 $26,200
2015 $1,258 $33,510 $8,500 $25,010
2014 $1,198 $33,510 $8,500 $25,010
2013 $1,198 $33,510 $8,500 $25,010
Source: Public Records

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 212038990

Columbus and Central Ohio Regional MLS

APN: 05-33027-900