NOT LISTED FOR SALE

416 Harrison Ave Lancaster, OH 43130

Estimated Value: $267,000 - $290,000

4 Beds
3 Baths
2,980 Sq Ft
$92/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $220,000 $74 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,897/month

18 Days on Market

About This Home

As of February 2022

This may be the closest you can get to living for free...This property consists of a large 1,400 sq.ft. 3BR/2BA single family home and spacious 1,560 sq.ft. upstairs/downstairs duplex on the same parcel! Pure investment?...that works too! The main house is renovated and ready for a market rate tenant, and the duplex is fully stabilized with long-term tenants paying $650/mo. each. The property has a ton of improvements with a new roof on the duplex and partial roof replacement on the main house. All units have central a/c and heat. Sub-meter for electric and water is master metered. Professional property management is in place.

Last Agent to Sell the Property

Brandon Sturgill

Hypothetical, LLC License #2021007233 Listed on: 01/14/2022

Last Buyer's Agent

Jonathan Pavkov

Reafco

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,756

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • 2,980 Sq Ft Home
  • Mixed Use
  • Frame Construction
  • Vinyl Siding

Parking

  • 3 Parking Spaces
  • Shared Driveway
  • On-Street Parking
  • Off-Street Parking: 1

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Washer and Dryer Hookup
  • 4,792 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 05-31063-200

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Operating Expense $10,710
  • Gross Income $30,600
  • Net Operating Income $19,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,756

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2020
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.11
  • Total Gross Income: 30600.0
  • Co List Office Phone: 614-379-2017
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 72.15
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 30600.0
  • Annual Expenses: 10710.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 2980.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features Shared Driveway2: Yes
  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-31063-200
  • Lot Size Sq Ft: 4791.6

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 19890.0
  • Annual Operating Expense: 10710.0

Tax Info

  • Tax Annual Amount: 1756.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2025
Sold by
Ohio Real-Estate Accommodations Llc
Bought by
Ahrens Grace A
Current Estimated Value
$275,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Outstanding Balance
$264,860
Interest Rate
6.3%
Mortgage Type
FHA
Estimated Equity
$10,295

Purchase Details

Closed on
Feb 9, 2023
Sold by
Mcmullen Brian
Bought by
Ohio Real-Estate Accommodations Llc

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 7, 2022
Sold by
Ng Nathaniel K
Bought by
Mcmullen Brian
Seller's Agent
Brandon Sturgill
Hypothetical, LLC
Buyer's Agent
Jonathan Pavkov
Reafco
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$165,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2022
Closed on
Feb 28, 2022
Sold by
Ng Nathaniel K
Bought by
Mcmullen Brian
Seller's Agent
Brandon Sturgill
Hypothetical, LLC
Buyer's Agent
Jonathan Pavkov
Reafco
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2022
Closed on
Feb 16, 2022
Sold by
Ng Nathaniel K
Bought by
Mcmullen Brian
Seller's Agent
Brandon Sturgill
Hypothetical, LLC
Buyer's Agent
Jonathan Pavkov
Reafco
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2019
Sold by
Dowling Gregory G and Dowling Constance L
Bought by
Ng Nathaniel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2009
Sold by
Miller Donald W and Miller Robert W
Bought by
Dowling Gregory G and Dowling Constance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2009
Sold by
Fannie Mae
Bought by
Miller Donald W and Miller Robert W

Purchase Details

Closed on
Aug 22, 2008
Sold by
Pace Stephan and Pace Cindy K
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 28, 2002
Sold by
Crabtree Raymond L
Bought by
Pace Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2000
Sold by
C & L Ventures Llc
Bought by
Crabtree Herbert L and Crabtree Nancy C

Purchase Details

Closed on
Sep 24, 1999
Sold by
Associates Home Equity S
Bought by
Crabtree Raymond L and Crabtree Paula A
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
Ahrens Grace A $270,000 Hocking Valley Title
Ohio Real-Estate Accommodations Llc -- --
Mcmullen Brian $220,000 Bkd Legal Llc
Mcmullen Brian $220,000 None Listed On Document
Mcmullen Brian $220,000 Bkd Legal Llc
Ng Nathaniel K $110,000 Valmer Land Title Agency
Dowling Gregory G $105,000 Valmer Land Title Agency
Miller Donald W $55,100 Valmer Land Title Agency
Federal National Mortgage Association $62,000 None Available
Pace Stephen $130,000 --
Crabtree Herbert L $17,500 --
Crabtree Raymond L $61,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahrens Grace A $265,109
Previous Owner Mcmullen Brian $165,000
Previous Owner Mcmullen Brian $165,000
Previous Owner Mcmullen Brian $165,000
Previous Owner Ng Nathaniel K $82,500
Previous Owner Dowling Gregory G $89,250
Previous Owner Pace Stephen $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2022 02/23/22 Sold $220,000 +2.3% $74 / Sq Ft
01/14/2022 01/14/22 For Sale $215,000 -2.3% $72 / Sq Ft
01/12/2022 01/12/22 Off Market $220,000 -- --
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 $5,503 $61,210 $5,250 $55,960
2023 $2,274 $61,210 $5,250 $55,960
2022 $2,288 $61,210 $5,250 $55,960
2021 $1,747 $43,800 $5,250 $38,550
2020 $1,676 $43,800 $5,250 $38,550
2019 $1,595 $43,800 $5,250 $38,550
2018 $430 $39,100 $5,250 $33,850
2017 $1,436 $37,410 $5,250 $32,160
2016 $1,399 $37,410 $5,250 $32,160
2015 $1,449 $37,590 $5,250 $32,340
2014 $1,382 $37,590 $5,250 $32,340
2013 $1,382 $37,590 $5,250 $32,340
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brandon Sturgill

    Hypothetical, LLC

    (614) 379-2017

    1 in this area

    8 Total Sales

    Brandon Sturgill
    Section Image

  • J

    Buyer's Agent in 2022

    Jonathan Pavkov

    Reafco

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222001034

Columbus and Central Ohio Regional MLS

APN: 05-31063-200

Ohio Fairfield County Lancaster 43130

416 Harrison Ave, Lancaster, OH

Not Listed for Sale

MultiFamily

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