NOT LISTED FOR SALE

523 N Broad St Lancaster, OH 43130

Estimated Value: $316,000 - $329,000

5 Beds
5 Baths
3,107 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: June 18, 2025

Last sale price $325,000 $105 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,290 / mo

61 Days on Market

About This Home

As of June 2025

Great investment opportunity in a prime Lancaster location! This multi-family property features three fully-occupied units: a 3-bedroom unit, a 2-bedroom unit, and a 1-bedroom studio above a garage. Recent updates include a new oven and water heater in the 3-bedroom unit, new flooring, fresh paint, painted kitchen cabinets, updated plumbing in the bathroom, and a new deck in the 2-bedroom unit. The 1-bedroom studio has new floors in the laundry room and kitchen, a new water heater, and a new deck. Offering strong rental income potential, this property is a solid long-term investment. Minimum 24-hour notice required for showings see A2A for showing details.

Last Agent to Sell the Property

Olivia Karns

Coldwell Banker Realty License #2018003760 Listed on: 04/21/2025

Coldwell Banker Realty

Last Buyer's Agent

Olivia Karns

Coldwell Banker Realty License #2018003760 Listed on: 04/21/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,978

Year Built

  • Built in 1900

Lot Details

  • 5,663

Home Design

  • 3,107 Sq Ft Home
  • Mixed Use
  • Vinyl Siding

Parking

  • Garage
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Washer and Dryer Hookup
  • 5,663 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 05-32050-900

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Gross Income $33,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,978

Year Built

Built in 1900

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2024
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.13
  • Total Gross Income: 33640.0
  • Co List Office Phone: 614-239-0808
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 112.62
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 33640.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 3107.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 2.0
  • Miscellaneous WD Hookups: Yes
  • Miscellaneous Garages: Yes
  • Remarks Misc Property Description3: Great investment opportunity in a prime Lancaster location! This multi-family property features three fully-occupied units: a 3-bedroom unit, a 2-bedroom unit, and a 1-bedroom studio above a garage. Recent updates include a new oven and water heater in the 3-bedroom unit, new flooring, fresh paint, painted kitchen cabinets, updated plumbing in the bathroom, and a new deck in the 2-bedroom unit. The 1-bedroom studio has new floors in the laundry room and kitchen, a new water heater, and a new deck. Offering strong rental income potential, this property is a solid long-term investment. Minimum 24-hour notice required for showings see A2A for showing details.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features On Street2: Yes
  • Parking Features 2 Car Garage2: Yes

Utilities

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

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-32050-900
  • Lot Size Sq Ft: 5662.8

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2978.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2025
Closed on
Jun 13, 2025
Sold by
Burge Bethany & Chase
Bought by
Knezek Brian Alexander and Knezek Rachel Joy
Seller's Agent
Olivia Karns
Coldwell Banker Realty
Buyer's Agent
Olivia Karns
Coldwell Banker Realty
List Price
$359,900
Sold Price
$325,000
Premium/Discount to List
-$34,900
-9.7%
Views
43
Current Estimated Value
$322,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,547
Avg. Annual Appreciation
-0.89%

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jan 31, 2023
Sold by
Spain Robert Curtis
Bought by
Burge Chase and Burge Bethany
Seller's Agent
Theresa Scheiderer
Key Realty
Buyer's Agent
Olivia Karns
Coldwell Banker Realty
List Price
$229,900
Sold Price
$250,500
Premium/Discount to List
$20,600
8.96%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.66%

Purchase Details

Listed on
Oct 16, 2018
Closed on
Dec 13, 2018
Sold by
Figliola Anthony D
Bought by
Spain Robert Curtis
Seller's Agent
Bethany Alexander
Rise Realty
Buyer's Agent
Theresa Scheiderer
Keller Williams Consultants
List Price
$159,000
Sold Price
$159,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.58%
Original Mortgage
$156,120
Interest Rate
5.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2007
Sold by
Fyffe John D and Fyffe Evelyn L
Bought by
Figliola Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,740
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 1999
Sold by
Kunkler Patricia
Bought by
Fyffe John D Evelyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1992
Sold by
Arledge Paul E
Bought by
Arledge Paul E
Source: Public Records
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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
Knezek Brian Alexander $325,000 None Listed On Document
Burge Chase $250,500 Northwest Select Title
Spain Robert Curtis $159,000 Valmer Land Title Agency
Figliola Anthony D $156,600 Valmer Land Title Agency
Fyffe John D Evelyn L $116,000 --
Arledge Paul E $80,000 --
Arledge Paul E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spain Robert Curtis $156,120
Previous Owner Figliola Anthony D $123,740
Previous Owner Fyffe John D Evelyn L $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2025 06/18/25 Sold $325,000 -7.1% $105 / Sq Ft
03/22/2025 03/22/25 Price Changed $349,900 -2.8% $113 / Sq Ft
03/14/2025 03/14/25 For Sale $359,900 +43.7% $116 / Sq Ft
02/06/2023 02/06/23 Sold $250,500 +9.0% $81 / Sq Ft View Prior Sale
01/06/2023 01/06/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $229,900 +44.6% $74 / Sq Ft
12/14/2018 12/14/18 Sold $159,000 0.0% $51 / Sq Ft View Prior Sale
11/14/2018 11/14/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $159,000 -- $51 / 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 $6,962 $87,670 $11,630 $76,040
2024 $6,962 $77,440 $5,060 $72,380
2023 $2,877 $77,440 $5,060 $72,380
2022 $2,894 $77,440 $5,060 $72,380
2021 $2,344 $58,780 $5,060 $53,720
2020 $2,209 $58,780 $5,060 $53,720
2019 $2,101 $58,780 $5,060 $53,720
2018 $1,755 $47,800 $5,060 $42,740
2017 $1,756 $45,750 $3,010 $42,740
2016 $1,711 $45,750 $3,010 $42,740
2015 $1,689 $43,830 $3,010 $40,820
2014 $1,611 $43,830 $3,010 $40,820
2013 $1,611 $43,830 $3,010 $40,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225007575

Columbus and Central Ohio Regional MLS

APN: 05-32050-900

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