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908 Union Street

908 Union Street, Lancaster, OH 43130
Multifamily in Lancaster City
1 Units For Sale
Unit for sale at 908 Union Street, Lancaster, OH 43130

$378,000

  • Studio
  • 5,116 ft²
908 Union Street, Lancaster, OH 43130 Listing by Tamara R Adams

Local assessors in Lancaster, OH have categorized 908 Union Street as a residential type of property. The home was built in 1900 and is 124 years old. It was most recently renovated and altered in 1998. The property's lot size has been calculated to be 5,201 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 400 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 23 rooms in the home. Of these, 11 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 6 full bathrooms. There are also 7 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 908 Union Street has a total of 5,116 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a steam heating system is the primary heating source and it is 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, 908 Union Street was last sold in Jun 8, 2016 for $87,000. According to our calculations, that's $17.01 per sqft. Prior to that sales transaction, the property was sold for $188,000 in May 28, 2004. Current property owners are expected to pay $3,734 in taxes per year. The property on 908 Union Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $71,810. To break that down further, the land itself was valued at $4,810. While improvements to the property were assessed at a total of $67,000. 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. 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.

Building Features

Parking

Off Street Parking
On-Street Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210518
05/18/2021
Studio
-
5116 ft²
$385,000
bedrooms
Studio
bathrooms
-
square feet
5116 ft²
-
-
-
Tamara R Adams
Rise Realty and Management Co.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1998
  • Building Count: 2
  • Total Rooms: 23
  • Bedroom Count: 11
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,201
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 400
  • Total Building Area: 5,116
  • Gross Building Area: 5,116
  • Building Area: 5,116
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Steam
  • Heated Square Feet: 5,116
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PIONEER ADD
  • Land Acres: 0.119
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: PIONEER ADD LOT 317

Ownership

  • Current Owner : GRADA LTD
  • Previous Owner : BASS ISLAND INVESTMENT CO
  • Owner Before Previous Owner: REEDY JAMES A
  • Ownership Rights Codes: Company/Corporation
  • 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: 0105
  • District: 053
  • Parcel: 05-31035-300
  • Lot: 317
  • Municipality: LANCASTER CORPORATION
  • Latitude: 39.7178
  • Longitude: -82.6169

    Address

  • Full Address: 908 Union St
  • Address - House Number: 908
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lancaster
  • Carrier Code: C023
  • 4-Digit Zip Code: 0088
  • Zip Code: 43130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,734
  • Tax Rate Code Area: 053

    Appraisal Valuation

  • Standard Deviation: 0.4756
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 4
  • Final Value: 248,945
  • High Value: 367,346
  • Low Value: 130,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,000
  • First Open Lien Mortgage Lender: STANDING STONE BANK
  • First Open Lien Mortgage Recording Date: Jun 09, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $88,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jun 08, 2036

    Market Valuation

  • Market Total Value: $205,150
  • Market Land Value: $13,730
  • Market Improvement Value: $191,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,810
  • Assessed Land Value: $4,810
  • Assessed Improvements Value: $67,000

    Sales

  • Current Sale Contract Date: Jun 08, 2016
  • Current Sale Recording Date: Jun 09, 2016
  • Current Sale Transaction ID: 1697753336
  • Current Sale Price: $87,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201600009420
  • Previous Sale Recording Date: May 28, 2004
  • Previous Sale Contract Date: May 28, 2004
  • Previous Sale Amount: $188,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STANDING STONE BANK
  • First Mortgage Transaction Date: Jun 09, 2016
  • First Mortgage Loan Amount: $88,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 08, 2036

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: FAIRFIELD FSLA
  • Previous Mortgage Transaction Date: May 28, 2004
  • Previous Mortgage Loan Amount: $161,500
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jun 01, 2024

About Lancaster



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Unit for rent at 1435 N Columbus St, Lancaster, OH, 43130

$600 /mo

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1435 N Columbus St #1435 N Columbus St A23, Lancaster, OH, 43130 Listing by Manager

Frequently Asked Questions

What neighborhood is 908 Union Street located in?
The 908 Union Street is a multifamily located in the neighborhood of Lancaster City in Lancaster, Lancaster.
How many listings are currently for sale in 908 Union Street?
There is one unit for sale right now.
What is the average sales price for listings in 908 Union Street?
The average sales price for units in 908 Union Street is $378,000 , or $74/sqft. currently.

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