831 Franklin Ave Lancaster, OH 43130
Estimated payment $737/month
About This Home
Minimum Bid Auction 8/30/2025 at 10:00 AM. Minimum Bid ONLY $115,000. Here's a prime investment opportunity with built-in appeal and expansion potential. This single-story 2-bedroom, 2.5-bath home features a smart layout, a full basement, and a detached 2-car garage-making it an ideal candidate for rental income, resale, or a fix-and-hold strategy. The home includes a private primary suite with its own full bathroom, a second spacious bedroom, and an additional full bath conveniently located off the hallway-perfect for shared living or tenant flexibility. Downstairs, a partially finished basement includes a half bath and adds significant square footage that could be transformed into a recreation room, home office, or even additional bedroom space (with proper egress). The detached 2-car garage and ample yard space offer further upside for tenants or future buyers. Investment Highlights: 2 bedrooms / 2.5 baths Primary suite with en-suite full bath Full hallway bath + basement half bath Full basement with finishing potential Detached 2-car garage Strong rental and resale potential in a desirable area Whether you're looking for your next flip, a cash-flowing rental, or a property with long-term appreciation potential, this one checks all the boxes. Price reflects the starting Auction Bid.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,333
Year Built
- Built in 1979
Lot Details
- 5,227 Sq Ft Lot
Home Design
- 1,092 Sq Ft Home
- Ranch Style House
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
Listing and Financial Details
- Auction
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,333 | $59,320 | $9,950 | $49,370 |
2023 | $2,157 | $59,320 | $9,950 | $49,370 |
2022 | $2,166 | $59,320 | $9,950 | $49,370 |
2021 | $1,718 | $44,080 | $8,340 | $35,740 |
2020 | $1,646 | $44,080 | $8,340 | $35,740 |
2019 | $1,565 | $44,080 | $8,340 | $35,740 |
2018 | $1,486 | $36,030 | $8,340 | $27,690 |
2017 | $1,487 | $39,760 | $8,050 | $31,710 |
2016 | $1,448 | $39,760 | $8,050 | $31,710 |
2015 | $1,442 | $38,430 | $8,050 | $30,380 |
2014 | $1,061 | $38,430 | $8,050 | $30,380 |
2013 | $1,061 | $38,430 | $8,050 | $30,380 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/30/2025 08/30/25 | Pending | -- | -- | -- |
07/26/2025 07/26/25 | For Sale | $115,000 | -- | $105 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Joint Tenancy Deed | $110,000 | Attorney | |
Deed | $62,500 | -- | |
Deed | $55,900 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $110,000 | New Conventional | |
Closed | $105,914 | New Conventional | |
Closed | $104,500 | Purchase Money Mortgage | |
Previous Owner | $96,000 | Unknown |
Source: My State MLS
MLS Number: 11548627
APN: 05-34028-600
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