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425 West Main Street

425 West Main Street, Lancaster, OH 43130
Property in Lancaster City
Sold Aug 31, 1995
$61,500
$58,400 by State Savings Bank
Mortgage Due Sep 01, 2025
Sold Mar 01, 1988
$35,000
425 West Main Street has been categorized by the local assessors in Lancaster, OH as a residential type of property. The building on the property was first built in 1939 and is 85 years old. However, we must point out that the home was most recently renovated and altered in 1970. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 425 West Main Street has 768 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 220 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,860 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 7,440 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 425 West Main Street sold most recently in Aug 31, 1995 for a total of $61,500. If you work out the math, that's approximately a cost of $62.25 per sqft. Before that, the property was also sold for $35,000 in Mar 1, 1988. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,452 in taxes each year. 425 West Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,480. If we break it down further, the land itself was valued at $6,500. Improvements to the property, however, were assessed at a total of $29,980. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 220
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,440
  • Lot Size Depth Feet: 1,860
  • Lot Size Frontage Feet: 400
  • Total Building Area: 988
  • Gross Building Area: 1,167
  • Building Area: 768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 768
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SIMON THOMAS ADD
  • Land Acres: 0.171
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: SIMON THOMAS ADD LOT 12

Ownership

  • Current Owner : RICHARD C CARPENTER
  • Previous Owner : RIGBY JOSEPH P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lancaster City School District
  • School Tax School District: LANCASTER CSD
  • Census Tract: 031700

Geography

  • Assessors Map Reference: 0602
  • District: 053
  • Parcel: 05-36079-400
  • Lot: 12
  • Municipality: LANCASTER CORPORATION
  • Latitude: 39.7142
  • Longitude: -82.61

    Address

  • Full Address: 425 W Main St
  • Address - House Number: 425
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lancaster
  • Carrier Code: C020
  • 4-Digit Zip Code: 3650
  • Zip Code: 43130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,452
  • Tax Rate Code Area: 053

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 141,816
  • High Value: 168,872
  • Low Value: 114,760

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $58,400
  • First Open Lien Mortgage Lender: STATE SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Aug 31, 1995
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $58,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2025

    Market Valuation

  • Market Total Value: $104,210
  • Market Land Value: $18,560
  • Market Improvement Value: $85,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,480
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $29,980

    Sales

  • Current Sale Contract Date: Aug 31, 1995
  • Current Sale Recording Date: Aug 31, 1995
  • Current Sale Transaction ID: 11449969976
  • Current Sale Price: $61,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 01, 1988
  • Previous Sale Contract Date: Mar 01, 1988
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE SAVINGS BANK
  • First Mortgage Transaction Date: Aug 31, 1995
  • First Mortgage Loan Amount: $58,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2025

    Financing

  • First Mortgage Financing Type: Variable

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Nearby Rentals

Unit for rent at 623 E Main St., Lancaster, OH, 43130

$750 /mo

  • 1 Bed
  • 1 Bath
623 E Main St. #623 1/2 E Main St., Lancaster, OH, 43130 Listing by Manager

Frequently Asked Questions

What neighborhood is 425 West Main Street located in?
The 425 West Main Street is a located in the neighborhood of Lancaster City in Lancaster, Lancaster.
What is the average sales price for listings in 425 West Main Street?
The average sales price for units in 425 West Main Street is $0 currently.

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