NOT LISTED FOR SALE

438 E Locust St Lancaster, OH 43130

Estimated Value: $140,000 - $225,000

6 Beds
2 Baths
2,536 Sq Ft
$73/Sq Ft Est. Value

Last Sold April 13, 2023

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

Current estimated payment $1,221/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
$185,000

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
-$513,178

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
-28.70%
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 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 $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

  • Sherry Looney

    Seller's Agent in 2023

    Sherry Looney

    Howard HannaRealEstateServices

    (740) 808-1607

    83 in this area

    576 Total Sales

    Sherry Looney
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Scotti

    Best Homes Real Estate Ltd.

    (614) 270-3745

    6 in this area

    45 Total Sales

    Michael Scotti
    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

Ohio Fairfield County Lancaster 43130

438 E Locust St, Lancaster, OH

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
Information is deemed reliable but not guaranteed.

Nearby Homes