988 Mount Vernon Rd Newark, OH 43055
Estimated payment $1,594/month
Highlights
- 0.83 Acre Lot
- No HOA
- Window Unit Cooling System
- Colonial Architecture
- Covered Patio or Porch
- Forced Air Heating System
About This Home
Opportunity awaits in the desirable north end of Newark! This 5-bedroom, 3 full-bath split level offers 2,548 sq. ft. of living space on nearly an acre, with excellent road frontage. The split floor plan features generously sized rooms throughout, including a partially finished basement with a second kitchen and direct access to the garage. A spacious covered patio adds outdoor living space, ideal for entertaining or relaxing.
The property requires substantial renovation and is being sold as-is, making it an excellent opportunity for rehabbers, investors, or visionaries ready to bring new life to this home. With the possibility of rezoning for multi-family or commercial use (Buyer responsible for all due diligence, including any changes to current zoning), the potential here is significant—whether you envision restoring it as a single-family residence, developing income-producing units, or creating a business location with strong visibility.
Conveniently located near shopping, dining, schools, and major commuter routes, this property offers both accessibility and future growth potential. Don't miss your chance to reimagine this home and unlock its full value.
Listing Agent
Lepi & Associates Brokerage Email: 740-455-3730, blepi@lepirealestate.com License #2020002215 Listed on: 08/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,712
Year Built
- Built in 1975
Lot Details
- 0.83 Acre Lot
- Lot Dimensions are 70x514
- Wood Fence
- Chain Link Fence
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Split Level Home
- Block Foundation
- Frame Construction
- Block Exterior
Interior Spaces
- 2-Story Property
- Range
- Partially Finished Basement
Bedrooms and Bathrooms
- 5 Bedrooms | 3 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Covered Patio or Porch
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Pt Riverview Subdivision
Listing and Financial Details
- Assessor Parcel Number 054-272016-01.000
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 | $4,572 | $85,650 | $24,500 | $61,150 |
| 2023 | $2,729 | $85,650 | $24,500 | $61,150 |
| 2022 | $2,392 | $68,430 | $18,380 | $50,050 |
| 2021 | $2,509 | $68,430 | $18,380 | $50,050 |
| 2020 | $2,573 | $68,430 | $18,380 | $50,050 |
| 2019 | $2,020 | $53,970 | $12,250 | $41,720 |
| 2018 | $2,021 | $0 | $0 | $0 |
| 2017 | $1,844 | $0 | $0 | $0 |
| 2016 | $1,715 | $0 | $0 | $0 |
| 2015 | $1,753 | $0 | $0 | $0 |
| 2014 | $2,765 | $0 | $0 | $0 |
| 2013 | $1,769 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $259,000 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | $142,000 | None Available | |
| Deed | $115,000 | -- | |
| Deed | $95,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $118,200 | New Conventional | |
| Previous Owner | $7,600 | Unknown | |
| Previous Owner | $127,227 | FHA | |
| Previous Owner | $10,194 | Unknown | |
| Previous Owner | $139,765 | FHA | |
| Previous Owner | $108,800 | Unknown | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $117,300 | VA |
Source: MLS Now
MLS Number: 5150445
APN: 054-272016-01.000
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