NOT LISTED FOR SALE

438 E Locust St Lancaster, OH 43130

Estimated Value: $109,000 - $235,000

6 Beds
2 Baths
2,536 Sq Ft
$64/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $455,000 $179 Per Sq Ft

Current estimated payment $1,096/month

92 Days on Market

About This Home

As of April 2023

Begin OR Expand your investment portfolio with this rare opportunity to own 4 separate properties totaling 8 rental units & years of proven rental history! Over $53,000/year in gross rental income. Units include 3-1 bedroom units; 3-2 bedroom units; 2-3 bedroom units. Tenants pay all utilities. Total property taxes approximately $5,163/year (approximate based on 2021 taxes shown in Fairfield County Auditor). Curb offers only - do NOT disturb tenants - see agent remarks.

Last Agent to Sell the Property

Sherry Looney

Howard HannaRealEstateServices License #373901 Listed on: 01/13/2023

Howard HannaRealEstateServices

Last Buyer's Agent

Michael Scotti

Best Homes Real Estate Ltd. License #2014003922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,163

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Additional Parcels

Home Design

  • 2,536 Sq Ft Home
  • Duplex

Listing and Financial Details

  • Assessor Parcel Number 05-35075-100

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • Gross Income $53,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,163

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.12
  • Total Gross Income: 53664.0
  • Co List Office Phone: 740-862-4700
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 197.12
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 53664.0
  • General Property Info Building Sq Ft: 2536.0
  • General Property Info # of Buildings: 4.0
  • 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

Utilities

  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-35075-100
  • Lot Size Sq Ft: 5227.2
  • Additional Parcels Description: 0535075100; 0535153600; 0535153500; 0533163500; 053209700
  • Additional Parcels: Yes

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 5162.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2025
Sold by
Ecurb Investments Ii Llc
Bought by
Noc Real Estate Llc
Current Estimated Value
$162,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$698,178
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$535,511

Purchase Details

Listed on
Jan 13, 2023
Closed on
Apr 14, 2023
Sold by
Underwood James Alan and Underwood Sandra L
Bought by
Ecurb Investments Ii Llc
Seller's Agent
Sherry Looney
Howard HannaRealEstateServices
Buyer's Agent
Michael Scotti
Best Homes Real Estate Ltd.
List Price
$499,900
Sold Price
$455,000
Premium/Discount to List
-$44,900
-8.98%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.83%
Original Mortgage
$364,000
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 7, 2003
Sold by
Bratton Jack L
Bought by
Underwood James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,320
Interest Rate
6.01%
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Noc Real Estate Llc $620,000 Hocking Valley Title
Ecurb Investments Ii Llc $455,000 None Listed On Document
Underwood James A $72,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noc Real Estate Llc $700,000
Previous Owner Ecurb Investments Ii Llc $364,000
Previous Owner Underwood James A $58,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2023 04/13/23 Sold $455,000 -9.0% $179 / Sq Ft
12/16/2022 12/16/22 For Sale $499,900 -- $197 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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
2025 $3,017 $48,960 $8,840 $40,120
2024 $3,017 $33,560 $5,440 $28,120
2023 $1,247 $33,560 $5,440 $28,120
2022 $1,254 $33,560 $5,440 $28,120
2021 $1,107 $27,750 $5,440 $22,310
2020 $1,062 $27,750 $5,440 $22,310
2019 $1,011 $27,750 $5,440 $22,310
2018 $932 $24,300 $5,440 $18,860
2017 $933 $24,300 $5,440 $18,860
2016 $909 $24,300 $5,440 $18,860
2015 $905 $23,480 $5,440 $18,040
2014 $863 $23,480 $5,440 $18,040
2013 $863 $23,480 $5,440 $18,040
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222044629

Columbus and Central Ohio Regional MLS

APN: 05-35075-100