Seller's Agent in 2025
Christy Vogel
Rise Realty
(740) 590-1690
18 in this area
86 Total Sales
831 Franklin Ave Lancaster, OH 43130
2
Beds
2.5
Baths
1,092
Sq Ft
5,227
Sq Ft Lot
Highlights
- Ranch Style House
- Fenced Yard
- 2 Car Detached Garage
- No HOA
About This Home
As of September 2025Minimum Bid Auction 8/30/2025 at 10:00AM. 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 starting Auction Bid.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,203
Year Built
- Built in 1979
Lot Details
- 5,227 Sq Ft Lot
- Fenced Yard
Parking
- 2 Car Detached Garage
- On-Street Parking
Home Design
- 1,092 Sq Ft Home
- Ranch Style House
- Block Foundation
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Laundry
- Laundry on main level
Basement
- Basement Fills Entire Space Under The House
- Recreation or Family Area in Basement
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 05-34028-600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2025
Closed on
Sep 26, 2025
Sold by
Schlabach Wayne M and Schlabach Karen S
Bought by
Greystone Ltd
Seller's Agent
Christy Vogel
Rise Realty
Buyer's Agent
Christopher Hannan
Rise Realty
List Price
$115,000
Sold Price
$125,000
Premium/Discount to List
$10,000
8.7%
Views
140
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
320.77%
Original Mortgage
$164,500
Outstanding Balance
$131,954
Interest Rate
6.5%
Mortgage Type
Construction
Estimated Equity
$23,112
Purchase Details
Closed on
Mar 12, 2008
Sold by
Campbell Agnes F
Bought by
Schlabach Wayne M and Schlabach Karen S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 20, 1991
Sold by
Leitnaker Esther Crook
Bought by
Campbell Agnes F
Purchase Details
Closed on
Jun 1, 1988
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | Valmer Land Title | |
| Joint Tenancy Deed | $110,000 | Attorney | |
| Deed | $62,500 | -- | |
| Deed | $55,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $164,500 | Construction | |
| Previous Owner | $104,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $125,000 | +8.7% | $114 / Sq Ft |
| 08/30/2025 08/30/25 | Pending | -- | -- | -- |
| 07/26/2025 07/26/25 | For Sale | $115,000 | -- | $105 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History Compared to Growth
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 |
Source: Public Records
Agents Affiliated with this Home
-
Christy Vogel
-
Jonathon LeMay
J
Seller Co-Listing Agent in 2025
Jonathon LeMay
Rise Realty
(740) 503-2936
5 in this area
19 Total Sales
-
Christopher Hannan
Buyer's Agent in 2025
Christopher Hannan
Rise Realty
(614) 218-6007
1 in this area
7 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225027888
APN: 05-34028-600
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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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