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240 North Cherry Street

240 North Cherry Street, Lancaster, OH 43130
Property in Lancaster City
Sold Aug 18, 2016
$120,000
$108,000 by The First Natl Bank Of Mcconne
Mortgage Due Jul 01, 2046
Sold May 18, 2006
$128,000
$102,400 by Optimum Mortgage Corp
Mortgage Due Jun 01, 2036
240 North Cherry Street in Lancaster, OH was first built in 1900 and is 124 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 240 North Cherry Street has 1,361 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 basement is 297 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 380 ft and the linear feet between the front and back of the lot is 1,840. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a detached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. 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 average. The exterior walls of the home are made of brick. 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 central heating system and being fueled with gas. 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, 240 North Cherry Street was last sold in Jun 18, 2016 for $120,000. According to our calculations, that's $72.38 per sqft. Prior to that sales transaction, the property was sold for $128,000 in May 15, 2006. Current property owners are expected to pay $2,010 in taxes per year. The property on 240 North Cherry Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $55,040. To break that down further, the land itself was valued at $9,810. While improvements to the property were assessed at a total of $45,230. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 297
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,840
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,658
  • Gross Building Area: 1,721
  • Building Area: 1,361
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,361
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BANK EAST/LANCASTER
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: R 18 T 14 S 6 -6-

Ownership

  • Current Owner : HALL SUZETTE A
  • Previous Owner : BEATTY KATHERINE LOUISE
  • Previous Owner 2: BRYAN EDWARD R
  • Owner Before Previous Owner: SAMPSON BILLY D
  • Owner Before Previous Owner 2: SAMPSON DONNA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lancaster City School District
  • School Tax School District: LANCASTER CSD
  • Census Tract: 031300

Geography

  • Assessors Map Reference: 0511
  • District: 053
  • Parcel: 05-35018-000
  • Lot: 10
  • Meridian: SEC 6 TWN 14N RNG 18W
  • Municipality: LANCASTER CORPORATION
  • Latitude: 39.7158
  • Longitude: -82.5819

    Address

  • Full Address: 240 N Cherry St
  • Address - House Number: 240
  • Street Direction: N
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lancaster
  • Carrier Code: C006
  • 4-Digit Zip Code: 3265
  • Zip Code: 43130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,010
  • Tax Rate Code Area: 053

    Appraisal Valuation

  • Standard Deviation: 0.2157
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 224,124
  • High Value: 272,487
  • Low Value: 175,761

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $127,000
  • First Open Lien Mortgage Lender: THE FIRST NATL BANK OF MCCONNE
  • First Open Lien Mortgage Recording Date: Aug 18, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $108,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046
  • Second Open Lien Mortgage Lender: FIRST NATIONAL BANK OF MCCONNE
  • Second Open Lien Mortgage Recording Date: Jun 06, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $19,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 26, 2032

    Market Valuation

  • Market Total Value: $157,280
  • Market Land Value: $28,040
  • Market Improvement Value: $129,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,040
  • Assessed Land Value: $9,810
  • Assessed Improvements Value: $45,230

    Sales

  • Current Sale Contract Date: Jun 18, 2016
  • Current Sale Recording Date: Aug 18, 2016
  • Current Sale Transaction ID: 1829694771
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201600014416
  • Previous Sale Recording Date: May 18, 2006
  • Previous Sale Contract Date: May 15, 2006
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FIRST NATL BANK OF MCCONNE
  • First Mortgage Transaction Date: Aug 18, 2016
  • First Mortgage Loan Amount: $108,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2046

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: OPTIMUM MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 18, 2006
  • Previous Mortgage Loan Amount: $102,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036

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Frequently Asked Questions

What neighborhood is 240 North Cherry Street located in?
The 240 North Cherry Street is a located in the neighborhood of Lancaster City in Lancaster, Lancaster.
What is the average sales price for listings in 240 North Cherry Street?
The average sales price for units in 240 North Cherry Street is $0 currently.

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