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1131 East Locust Street

1131 East Locust Street, Lancaster, OH 43130
Property in Lancaster City
Sold Nov 10, 2021
$285,000
$195,000 by Park National Bank
Mortgage Due Sep 30, 2036
Sold May 24, 2012
$320,000
1131 East Locust Street in Lancaster, OH was first built in 1980 and is 44 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 8 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1131 East Locust Street has 1,488 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 5,401 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as fair. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system and being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1131 East Locust Street was last sold in Sep 30, 2021 for $285,000. According to our calculations, that's $191.53 per sqft. Prior to that sales transaction, the property was sold for $320,000 in May 24, 2012. Current property owners are expected to pay $1,104 in taxes per year. The property on 1131 East Locust Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $29,550. To break that down further, the land itself was valued at $5,790. While improvements to the property were assessed at a total of $23,760. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,488
  • Gross Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,488
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BROOKS ADD
  • Land Acres: 0.124
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • State Land Use Code: Business personal property general
  • Legal Description 1: BROOKS ADD LOT 154

Ownership

  • Current Owner : THORNTON GEORGE T
  • Current Owner 2: THORNTON BETTY L
  • Previous Owner : 1125 LOCUST STREET LLC
  • Owner Before Previous Owner: SHUMAKER RICHARD L
  • Owner Before Previous Owner 2: SHUMAKER MARGARET S
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Lancaster City School District
  • School Tax School District: LANCASTER CSD
  • Census Tract: 032200

Geography

  • Assessors Map Reference: 0507
  • District: 053
  • Parcel: 05-35149-600
  • Lot: 154
  • Municipality: LANCASTER CORPORATION
  • Latitude: 39.7111
  • Longitude: -82.5799

    Address

  • Full Address: 1131 E Locust St
  • Address - House Number: 1131
  • Street Direction: E
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lancaster
  • Carrier Code: C028
  • 4-Digit Zip Code: 4045
  • Zip Code: 43130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,104
  • Tax Rate Code Area: 053

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 132,982
  • High Value: 158,353
  • Low Value: 107,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: PARK NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Nov 10, 2021
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 30, 2036

    Market Valuation

  • Market Total Value: $84,420
  • Market Land Value: $16,540
  • Market Improvement Value: $67,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,550
  • Assessed Land Value: $5,790
  • Assessed Improvements Value: $23,760

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Transaction ID: 11865683430
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100029714
  • Previous Sale Recording Date: May 24, 2012
  • Previous Sale Contract Date: May 24, 2012
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARK NATIONAL BANK
  • First Mortgage Transaction Date: Nov 10, 2021
  • First Mortgage Loan Amount: $195,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Sep 30, 2036

About Lancaster



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Frequently Asked Questions

What neighborhood is 1131 East Locust Street located in?
The 1131 East Locust Street is a located in the neighborhood of Lancaster City in Lancaster, Lancaster.
What is the average sales price for listings in 1131 East Locust Street?
The average sales price for units in 1131 East Locust Street is $0 currently.

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