NOT LISTED FOR SALE

525 E Wheeling St Lancaster, OH 43130

Estimated Value: $189,000 - $235,868

4 Beds
2 Baths
1,642 Sq Ft
$130/Sq Ft Est. Value

Last Sold December 02, 2014

Last sale price $85,900 $52 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $1,609/month

158 Days on Market

About This Home

As of December 2014

Take over an immediate income producer. Upstairs/downstairs duplex with the lower unit currently rented for $525 and the upstairs unit vacant, but recently remodeled. Past rent for the upstairs unit was $510. All utilities are separated. Each unit is 2 bedrooms with 1 bathroom. Upgraded electric panels in both units. Central air conditioning in both units. Replacement windows and vinyl siding are all just some of the updates to this income property.

Last Agent to Sell the Property

Bethany Alexander

Mills Realty & Management Co. Listed on: 06/30/2014

Last Buyer's Agent

Chad Shirer

Howard Hanna Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,256

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 1,642 Sq Ft Home
  • Duplex

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 05-33079-900

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $12,420
  • Net Operating Income $12,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,256

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2013
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.11
  • Total Gross Income: 12420.0
  • Co List Office Phone: 740-654-5552
  • MLS Status: Closed
  • Income Expenses Gross Income: 12420.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1642.0
  • Heat Fuel Electric4: Yes
  • Air Conditioning Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-33079-900
  • Lot Size Sq Ft: 4791.6

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 12420.0

Tax Info

  • Tax Annual Amount: 1256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2014
Closed on
Nov 26, 2014
Sold by
Randolph Timothy A and Randolph Sandra K
Bought by
Lister Jared C
Seller's Agent
Bethany Alexander
Mills Realty & Management Co.
Buyer's Agent
Chad Shirer
Howard Hanna Real Estate Services
List Price
$89,900
Sold Price
$85,900
Premium/Discount to List
-$4,000
-4.45%
Current Estimated Value
$212,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,067
Avg. Annual Appreciation
8.06%
Original Mortgage
$84,343
Outstanding Balance
$66,982
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$130,297

Purchase Details

Closed on
Oct 24, 2005
Sold by
Fairfield Affordable Housing Inc
Bought by
Randolph Timothy A and Randolph Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,950
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 29, 2000
Sold by
Heister John M
Bought by
Fairfield Affordable Housing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,431
Interest Rate
8.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 1997
Sold by
Heister Phyllis E
Bought by
John M Heister

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lister Jared C $85,900 Northwest Title Family Of Co
Randolph Timothy A $95,500 --
Fairfield Affordable Housing $94,500 --
John M Heister $28,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lister Jared C $84,343
Previous Owner Randolph Timothy A $75,950
Previous Owner Fairfield Affordable Housing $48,431
Previous Owner John M Heister $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2014 12/02/14 Sold $85,900 -4.4% $52 / Sq Ft
11/02/2014 11/02/14 Pending -- -- --
06/27/2014 06/27/14 For Sale $89,900 -- $55 / 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 $5,380 $59,840 $5,860 $53,980
2023 $2,033 $54,710 $5,860 $48,850
2022 $2,045 $54,710 $5,860 $48,850
2021 $1,716 $43,030 $5,860 $37,170
2020 $1,646 $43,030 $5,860 $37,170
2019 $1,567 $43,030 $5,860 $37,170
2018 $1,366 $35,830 $5,860 $29,970
2017 $1,367 $35,610 $5,640 $29,970
2016 $1,332 $35,610 $5,640 $29,970
2015 $1,322 $34,310 $5,640 $28,670
2014 $1,261 $34,310 $5,640 $28,670
2013 $1,261 $34,310 $5,640 $28,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 214029610

Columbus and Central Ohio Regional MLS

APN: 05-33079-900