NOT LISTED FOR SALE

508 E 6th Ave Lancaster, OH 43130

Estimated Value: $439,665

3 Beds
2 Baths
3,756 Sq Ft
$117/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $360,000 $96 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,682/month

26 Days on Market

About This Home

As of May 2022

Looking to expand your rental portfolio? Here is the time with this fully rented income producing property. It features 5 separate units as well as on site laundry room for the units. Units have been fully remodeled from new kitchens, baths, floors, fixtures and more. Also there are new hot water heaters, furnaces and a new AC unit. New windows in 2021 and new roof in 2019. Gross rental income is $40,980/ yr with current leases and there is room to raise rents when leases need renewed. Dont miss out on this deal. Wont last long. 24 hour notice to show

Last Agent to Sell the Property

Bradley Weaver

Red 1 Realty License #2008000808 Listed on: 03/01/2022

Red 1 Realty

Last Buyer's Agent

Anya Trujillo

Coldwell Banker Realty License #2016002819

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 3,756 Sq Ft Home
  • Mixed Use

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Radiant Heating System

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 05-33052-400

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Insurance Expense $2,200
  • Operating Expense $7,771
  • Gross Income $40,980
  • Net Operating Income $33,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,662

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2021
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.08
  • Total Gross Income: 40980.0
  • Co List Office Phone: 614-585-9020
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 102.5
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 40980.0
  • Annual Expenses: 7771.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 3756.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Aluminum: Yes

Garage/Parking

  • Parking Features On Street2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes
  • Heating:Radiant: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-33052-400
  • Lot Size Sq Ft: 3484.8

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Monthly Rent (Other): 365.0
  • Number Of Units Total: 5
  • Insurance Expense: 2200.0
  • Net Operating Income: 33209.0
  • Annual Operating Expense: 7771.0

Tax Info

  • Tax Annual Amount: 2662.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
May 13, 2022
Sold by
Cb Global Llc
Bought by
Troy K Properties Inc
Seller's Agent
Bradley Weaver
Red 1 Realty
Buyer's Agent
Anya Trujillo
Coldwell Banker Realty
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%
Current Estimated Value
$439,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,665
Avg. Annual Appreciation
5.65%
Original Mortgage
$270,000
Outstanding Balance
$255,875
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$183,790

Purchase Details

Listed on
Mar 1, 2022
Closed on
May 6, 2022
Sold by
Cb Global Llc
Bought by
Troy K Properties Inc
Seller's Agent
Bradley Weaver
Red 1 Realty
Buyer's Agent
Anya Trujillo
Coldwell Banker Realty
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$255,875
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$183,790

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 13, 2020
Sold by
Watson Tucker
Bought by
Davis William C Stat and Seagraves Cody
Seller's Agent
Carla Schorr
Rise Realty
Buyer's Agent
Bradley Weaver
Red 1 Realty
List Price
$190,000
Sold Price
$162,500
Premium/Discount to List
-$27,500
-14.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.96%
Original Mortgage
$130,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 31, 2019
Sold by
Conrad Barry E and Conrad Carmen L
Bought by
Watson Tucker
Seller's Agent
Larry Watson
Howard Hanna Real Estate Servc
Buyer's Agent
Carla Schorr
Keller Williams Greater Cols
List Price
$99,000
Sold Price
$100,000
Premium/Discount to List
$1,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.49%
Original Mortgage
$84,596
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 25, 2005
Sold by
Snoke Paula J
Bought by
Conrad Barry E and Conrad Carmen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 19, 1998
Sold by
Taylor Geraldine M
Bought by
Snoke Ronald L and Snoke Paula J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,747
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 1992
Sold by
Everitt Larry
Bought by
Taylor Geraldine M
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
Troy K Properties Inc -- Plank Rhett A
Troy K Properties Inc -- None Listed On Document
Davis William C Stat $162,500 Valmer Land Title Agency Box
Watson Tucker $100,000 Valmer Land Title Agency
Conrad Barry E $172,000 Chicago Title
Snoke Ronald L $75,000 --
Taylor Geraldine M $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troy K Properties Inc $270,000
Closed Troy K Properties Inc $270,000
Previous Owner Davis William C Stat $130,000
Previous Owner Watson Tucker $84,596
Previous Owner Conrad Barry E $129,000
Previous Owner Snoke Ronald L $76,747
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2022 05/10/22 Sold $360,000 -6.5% $96 / Sq Ft
02/09/2022 02/09/22 For Sale $385,000 +136.9% $103 / Sq Ft
08/14/2020 08/14/20 Sold $162,500 -7.1% $43 / Sq Ft View Prior Sale
07/15/2020 07/15/20 Pending -- -- --
07/06/2020 07/06/20 Price Changed $175,000 -7.9% $47 / Sq Ft
06/20/2020 06/20/20 For Sale $190,000 +90.0% $51 / Sq Ft
07/31/2019 07/31/19 Sold $100,000 +1.0% $27 / Sq Ft View Prior Sale
06/18/2019 06/18/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $99,000 -- $26 / 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 $4,537 $50,470 $6,910 $43,560
2023 $2,567 $50,470 $6,910 $43,560
2022 $2,588 $50,470 $6,910 $43,560
2021 $2,662 $50,470 $6,910 $43,560
2020 $2,574 $50,470 $6,910 $43,560
2019 $2,471 $50,470 $6,910 $43,560
2018 $2,395 $50,510 $7,060 $43,450
2017 $2,389 $50,100 $6,650 $43,450
2016 $2,308 $50,100 $6,650 $43,450
2015 $2,331 $50,100 $6,650 $43,450
2014 $2,228 $50,100 $6,650 $43,450
2013 $2,228 $50,100 $6,650 $43,450
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bradley Weaver

    Red 1 Realty

    Section Image

  • A

    Buyer's Agent in 2022

    Anya Trujillo

    Coldwell Banker Realty

    (859) 866-2136

    2 in this area

    27 Total Sales

    Anya Trujillo
    Section Image

  • C

    Seller's Agent in 2020

    Carla Schorr

    Rise Realty

  • L

    Seller's Agent in 2019

    Larry Watson

    Howard Hanna Real Estate Servc

    (740) 438-0025

    53 in this area

    120 Total Sales

    Larry Watson
    Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222003722

Columbus and Central Ohio Regional MLS

APN: 05-33052-400

Ohio Fairfield County Lancaster 43130

508 E 6th Ave, Lancaster, OH

Not Listed for Sale

MultiFamily

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