NOT LISTED FOR SALE

624 N Broad St Lancaster, OH 43130

Estimated Value: $484,000 - $547,000

7 Beds
6 Baths
4,010 Sq Ft
$127/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $384,000 $96 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,668/month

30 Days on Market

About This Home

As of December 2021

Excellent , Turnkey multi-unit apartments. Five total units. One three bed with potential to be used as a four bed. Two one bed units with potential to be used as two beds and two , two bed units. Rents are currently below market rent on several of the units. Extremely well maintained , newer metal roof on rear unit. Great income generators. Several,, paved off street parking spaces.
One unit currently vacant for showing. Units have always been fully occupied.
Great property to add to your current portfolio.

Last Agent to Sell the Property

Eric Russell

RE/MAX ONE License #2010002514 Listed on: 11/23/2021

RE/MAX ONE

Last Buyer's Agent

Stephanie Conrad

Red 1 Realty License #2019000575

Red 1 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,905

Year Built

  • Built in 1930

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • 4,010 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Central Air
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Available

Listing and Financial Details

  • The owner pays for gas, sewer, trash collection, water
  • Assessor Parcel Number 05-33162-000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Gross Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,905

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1930
  • Tax Year: 2020
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.23
  • Total Gross Income: 43800.0
  • Co List Office Phone: 614-729-7555
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 43800.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 4010.0
  • General Property Info # of Buildings: 2.0
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-33162-000
  • Lot Size Sq Ft: 10018.8

Rental Info

  • Owner Pays: Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2905.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 16, 2022
Sold by
Lanning Kimberly S
Bought by
Aeterna Llc
Seller's Agent
Eric Russell
RE/MAX ONE
Buyer's Agent
Stephanie Conrad
Red 1 Realty
List Price
$379,000
Sold Price
$384,000
Premium/Discount to List
$5,000
1.32%
Current Estimated Value
$488,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,431
Original Mortgage
$308,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 11, 2022
Sold by
Lanning Kimberly S
Bought by
Aeterna Llc
Seller's Agent
Eric Russell
RE/MAX ONE
Buyer's Agent
Stephanie Conrad
Red 1 Realty
List Price
$379,000
Sold Price
$384,000
Premium/Discount to List
$5,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 1, 2022
Sold by
Bo-Mic Enterprises Inc
Bought by
Lanning Kimberly S
Seller's Agent
Eric Russell
RE/MAX ONE
Buyer's Agent
Stephanie Conrad
Red 1 Realty
List Price
$379,000
Sold Price
$384,000
Premium/Discount to List
$5,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 23, 2021
Closed on
Jan 26, 2022
Sold by
Bo-Mic Enterprises Inc
Bought by
Lanning Kimberly S
Seller's Agent
Eric Russell
RE/MAX ONE
Buyer's Agent
Stephanie Conrad
Red 1 Realty
List Price
$379,000
Sold Price
$384,000
Premium/Discount to List
$5,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 23, 2021
Closed on
Dec 20, 2021
Sold by
Franke Gary
Bought by
Bo Mic Enterprises Inc
Seller's Agent
Eric Russell
RE/MAX ONE
Buyer's Agent
Stephanie Conrad
Red 1 Realty
List Price
$379,000
Sold Price
$384,000
Premium/Discount to List
$5,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 21, 2002
Sold by
Shrf Freeda I Jones Pr
Bought by
Franke Gary
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
Aeterna Llc $410,000 Valmer Land Title
Aeterna Llc $410,000 Valmer Land Title
Lanning Kimberly S -- Valmer Land Title
Lanning Kimberly S -- Valmer Land Title
Bo Mic Enterprises Inc $384,000 Hocking Valley Ttl Agcy Inc
Franke Gary $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Aeterna Llc $308,000
Closed Aeterna Llc $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $384,000 +1.3% $96 / Sq Ft
11/22/2021 11/22/21 For Sale $379,000 -- $95 / 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 $12,083 $134,400 $8,560 $125,840
2023 $6,836 $134,400 $8,560 $125,840
2022 $6,893 $134,400 $8,560 $125,840
2021 $2,889 $72,440 $8,560 $63,880
2020 $2,771 $72,440 $8,560 $63,880
2019 $2,638 $72,440 $8,560 $63,880
2018 $2,586 $67,540 $8,560 $58,980
2017 $2,587 $67,420 $5,090 $62,330
2016 $2,521 $67,420 $5,090 $62,330
2015 $2,492 $64,670 $5,090 $59,580
2014 $2,377 $64,670 $5,090 $59,580
2013 $2,377 $64,670 $5,090 $59,580
Source: Public Records

Agents Affiliated with this Home

  • Eric Russell

    Seller's Agent in 2021

    Eric Russell

    RE/MAX

    (740) 953-1134

    43 in this area

    130 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Stephanie Conrad

    Red 1 Realty

    11 in this area

    31 Total Sales

    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221045779

Columbus and Central Ohio Regional MLS

APN: 05-33162-000

Ohio Fairfield County Lancaster 43130

624 N Broad St, Lancaster, OH

This home is located at 624 N Broad St, Lancaster, OH 43130 since 23 November 2021 and is currently estimated at $509,542, approximately $127 per square foot. This property was built in 1930. 624 N Broad St is a home located in Fairfield County with nearby schools including Thomas Ewing Junior High School, Lancaster High School, and St Mary Elementary School.

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.

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