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727 Washington Avenue

727 Washington Avenue, Lancaster, OH 43130
Property in Lancaster City
Sold May 24, 2021
$60,000
$95,000 by Fairfield Federal Savings & Lo
Mortgage Due Apr 01, 2047
727 Washington Avenue in Lancaster, OH was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 1974. 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. There are a total of 2 floors. There are a total of 7 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. 727 Washington Avenue has 1,516 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 410 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 5,332 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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. For those who need parking, there is a detached garage. The garage is 240 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. 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 central heating system and being fueled with gas. The property was last sold in May 20, 2021 for $60,000. That's $39.58 per sqft. 727 Washington Avenue was last assessed in 2023. The total value of the property was assessed at $39,830. Specifically, the land the property is located on was valued at $5,820. While improvements on the property were assessed at a total of $34,010. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,515. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,332
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 410
  • Total Building Area: 1,516
  • Gross Building Area: 1,516
  • Building Area: 1,516
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,516
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PIONEER ADD
  • Land Acres: 0.122
  • 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: PIONEER ADD LOT 354

Ownership

  • Current Owner : HARVEST CREEK INVESTMENT GROUP LLC
  • Previous Owner : MARCUS JAMES M
  • Previous Owner 2: MARCUS BRENDA S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: 0104
  • District: 053
  • Parcel: 05-31038-700
  • Lot: 354
  • Municipality: LANCASTER CORPORATION
  • Latitude: 39.7224
  • Longitude: -82.6163

    Address

  • Full Address: 727 Washington Ave
  • Address - House Number: 727
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Lancaster
  • Carrier Code: C023
  • 4-Digit Zip Code: 2448
  • Zip Code: 43130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,515

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 148,556
  • High Value: 176,898
  • Low Value: 120,215

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $95,000
  • First Open Lien Mortgage Lender: FAIRFIELD FEDERAL SAVINGS & LO
  • First Open Lien Mortgage Recording Date: Mar 25, 2022
  • First Open Lien Mortgage Loan Amount: $95,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2047

    Market Valuation

  • Market Total Value: $113,800
  • Market Land Value: $16,630
  • Market Improvement Value: $97,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,830
  • Assessed Land Value: $5,820
  • Assessed Improvements Value: $34,010

    Sales

  • Current Sale Contract Date: May 20, 2021
  • Current Sale Recording Date: May 24, 2021
  • Current Sale Transaction ID: 11836224070
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100013676

    Last Sale Mortgage

  • First Mortgage Lender: WELL DWEL LLC
  • First Mortgage Transaction Date: May 24, 2021
  • First Mortgage Loan Amount: $67,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 15, 2022

About Lancaster



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Frequently Asked Questions

What neighborhood is 727 Washington Avenue located in?
The 727 Washington Avenue is a located in the neighborhood of Lancaster City in Lancaster, Lancaster.
What is the average sales price for listings in 727 Washington Avenue?
The average sales price for units in 727 Washington Avenue is $0 currently.

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