NOT LISTED FOR SALE

416 E 5th Ave Lancaster, OH 43130

Estimated Value: $227,242 - $267,000

6 Beds
2 Baths
2,548 Sq Ft
$97/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $237,500 $93 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,720/month

About This Home

As of June 2024

Welcome to this exceptional investment opportunity in the heart of Lancaster, Ohio! This turnkey-ready duplex is perfect for expanding your portfolio or starting your journey as a property owner. Each side of this spacious property features 3 bedrooms and 1.5 full bathrooms, offering comfortable and convenient living spaces for tenants.
Duplex includes a 2-car garage, providing secure parking and extra storage. The generously sized, well-maintained backyard offers plenty of space for outdoor gatherings and activities, making it an attractive feature for tenants.
Situated in a prime location, this duplex is just moments away from local amenities, shopping, dining, and entertainment.

Last Agent to Sell the Property

Jessie Moyer

Realty ONE Group Refined License #2020000406 Listed on: 05/03/2024

Realty ONE Group Refined

Last Buyer's Agent

Eric Brunney

Revolution Realty LLC License #2014003737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,042

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • 2,548 Sq Ft Home
  • Duplex

Parking

  • Detached Garage
  • Off-Street Parking: 1

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 05-33026-700

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $19,476
  • Gross Income $30,720
  • Net Operating Income $11,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,042

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2023
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.17
  • Total Gross Income: 30720.0
  • Co List Office Phone: 614-729-7555
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 97.72
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 30720.0
  • Annual Expenses: 19476.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2548.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features 2 Car Garage2: Yes
  • Parking Features Detached Garage2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-33026-700
  • Lot Size Sq Ft: 7405.2

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 11244.0
  • Annual Operating Expense: 19476.0

Tax Info

  • Tax Annual Amount: 2042.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Brunney Joshua A
Bought by
Innovations Property Group Llc
Current Estimated Value
$248,311

Purchase Details

Listed on
May 3, 2024
Closed on
Jun 3, 2024
Sold by
Thompson Joseph M and Thompson Stephen P
Bought by
Brunney Joshua A
Seller's Agent
Jessie Moyer
Realty ONE Group Refined
Buyer's Agent
Eric Brunney
Revolution Realty LLC
List Price
$249,000
Sold Price
$237,500
Premium/Discount to List
-$11,500
-4.62%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Original Mortgage
$178,125
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2024
Closed on
Apr 8, 2024
Sold by
White Rhino Investments Llc
Bought by
Thompson Joseph M and Thompson Stephen P
Seller's Agent
Jessie Moyer
Realty ONE Group Refined
Buyer's Agent
Eric Brunney
Revolution Realty LLC
List Price
$249,000
Sold Price
$237,500
Premium/Discount to List
-$11,500
-4.62%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,125
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2024
Sold by
White Rhino Investments Llc
Bought by
Thompson Joseph M and Thompson Stephen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2020
Sold by
Sturgeon Ryan E and Sturgeon Jennifer
Bought by
White Rhino Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2019
Sold by
Roach Bradley C and Roach Shelba J
Bought by
Sturgeon Ryan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2017
Closed on
Mar 23, 2018
Sold by
Starting Over Ltd
Bought by
Roach Bradley C and Roach Shelba J
Seller's Agent
Donn Borah
BARTLETT BENNER REALTY
Buyer's Agent
Eric Duemmel
Century 21 Darfus Realty
List Price
$129,000
Sold Price
$105,000
Premium/Discount to List
-$24,000
-18.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.71%
Original Mortgage
$78,750
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1996
Sold by
Est Keith J Delong
Bought by
Starting Over Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
8.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 1993
Sold by
King Investors
Bought by
Delong Keith J
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
Innovations Property Group Llc -- None Listed On Document
Brunney Joshua A $237,500 None Listed On Document
Thompson Joseph M -- Hocking Valley Title
Thompson Joseph M -- Hocking Valley Title
White Rhino Investments Llc -- None Available
Sturgeon Ryan E $150,000 Hocking Valley Ttl Agcy Inc
Roach Bradley C $105,000 Hocking Valley Title Agency
Starting Over Ltd $58,000 --
Delong Keith J $69,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brunney Joshua A $178,125
Previous Owner Thompson Joseph M $146,250
Previous Owner Thompson Joseph M $146,250
Previous Owner Sturgeon Ryan E $112,500
Previous Owner Roach Bradley C $78,750
Previous Owner Starting Over Ltd $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold $237,500 -4.6% $93 / Sq Ft
05/03/2024 05/03/24 For Sale $249,000 +137.1% $98 / Sq Ft
03/26/2018 03/26/18 Sold $105,000 -18.6% $41 / Sq Ft View Prior Sale
02/24/2018 02/24/18 Pending -- -- --
09/21/2017 09/21/17 For Sale $129,000 -- $51 / 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 $5,077 $56,470 $8,760 $47,710
2023 $2,042 $54,950 $8,760 $46,190
2022 $2,054 $54,950 $8,760 $46,190
2021 $1,914 $47,990 $8,760 $39,230
2020 $1,881 $47,990 $8,760 $39,230
2019 $1,704 $47,990 $8,760 $39,230
2018 $1,377 $36,240 $8,760 $27,480
2017 $1,378 $35,900 $8,420 $27,480
2016 $1,343 $35,900 $8,420 $27,480
2015 $1,337 $34,690 $8,420 $26,270
2014 $1,275 $34,690 $8,420 $26,270
2013 $1,275 $34,690 $8,420 $26,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224013950

Columbus and Central Ohio Regional MLS

APN: 05-33026-700