NOT LISTED FOR SALE

747 E Main St Lancaster, OH 43130

Estimated Value: $199,000 - $282,121

4 Beds
2 Baths
2,308 Sq Ft
$100/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $89,900 $39 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,667/month

28 Days on Market

About This Home

As of October 2021

Established multi-family rental to utilize as your own or add to your portfolio. Each unit has 2 bedrooms, bath, kitchen, additional living space, washer/dryer hookups, newer furnaces and off street parking in the rear. Natural woodwork throughout the first floor. Appliances stay. Tenants pay all utilities.

Last Agent to Sell the Property

Michelle Ross

Rise Realty License #2005008610 Listed on: 07/23/2021

Rise Realty

Last Buyer's Agent

Jeff Keller

Real Estate Opportunity License #2003019358

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,950

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Off-Street Parking: 1

Home Design

  • 2,308 Sq Ft Home
  • Duplex

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 05-35101-300

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,250
  • Gross Income $12,300
  • Net Operating Income $9,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,950

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2020
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.17
  • Total Gross Income: 12300.0
  • Co List Office Phone: 740-654-5552
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 38.95
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 12300.0
  • Annual Expenses: 3250.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2308.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-35101-300
  • Lot Size Sq Ft: 7405.2

Multi Family

  • Monthly Rent (Other): 475.0
  • Number Of Units Total: 2
  • Net Operating Income: 9050.0
  • Annual Operating Expense: 3250.0

Tax Info

  • Tax Annual Amount: 1950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Keller Elizabeth M
Bought by
Quota Investment Llc
Current Estimated Value
$230,530

Purchase Details

Listed on
Jul 23, 2021
Closed on
Oct 27, 2021
Sold by
Nihiser Jacob M and Nihiser Angel K
Bought by
Keller Elizabeth M
Seller's Agent
Michelle Ross
Rise Realty
Buyer's Agent
Jeff Keller
Real Estate Opportunity
List Price
$92,000
Sold Price
$89,900
Premium/Discount to List
-$2,100
-2.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.75%
Original Mortgage
$191,250
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 31, 2006
Sold by
Widener Dana J and Widener Vickie J
Bought by
Nihiser Jacob M and Nihiser Angel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,700
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quota Investment Llc -- None Listed On Document
Keller Elizabeth M $190,000 Crown Techne Title Agency
Nihiser Jacob M -- Title First Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keller Elizabeth M $191,250
Previous Owner Nihiser Jacob M $74,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $89,900 0.0% $39 / Sq Ft
08/12/2021 08/12/21 Price Changed $89,900 -2.3% $39 / Sq Ft
07/23/2021 07/23/21 For Sale $92,000 -- $40 / 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 $5,497 $61,150 $8,760 $52,390
2023 $2,272 $61,150 $8,760 $52,390
2022 $2,286 $61,150 $8,760 $52,390
2021 $1,939 $48,620 $8,760 $39,860
2020 $1,860 $48,620 $8,760 $39,860
2019 $1,770 $48,620 $8,760 $39,860
2018 $1,503 $38,620 $8,760 $29,860
2017 $1,504 $39,190 $15,300 $23,890
2016 $1,466 $39,190 $15,300 $23,890
2015 $1,469 $38,110 $15,300 $22,810
2014 $1,401 $38,110 $15,300 $22,810
2013 $1,401 $38,110 $15,300 $22,810
Source: Public Records

Agents Affiliated with this Home

  • Michelle Ross

    Seller's Agent in 2021

    Michelle Ross

    Rise Realty

    (740) 409-1151

    18 in this area

    51 Total Sales

    Michelle Ross
    Section Image
  • Jeff Keller

    Buyer's Agent in 2021

    Jeff Keller

    Real Estate Opportunity

    (614) 924-0410

    6 in this area

    15 Total Sales

    Jeff Keller
    Section Image

  • J

    Buyer's Agent in 2021

    Jeffrey Keller

    CR Inactive Office

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221028022

Columbus and Central Ohio Regional MLS

APN: 05-35101-300

Ohio Fairfield County Lancaster 43130

747 E Main St, Lancaster, OH

Not Listed for Sale

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