Sold
Last Sold Price
6 beds2,244 sqft$188/sqft
721 Zion Road Southeast, Lancaster, OH 43130
Multi FamilyProperty Type
6 acresLot Size
1986Year Built
$188/sq ftPrice per sq ft

Description

Excellent investment opportunity in Fairfield County! Located just a few minutes from downtown Lancaster,
Fairfield Hospital, and tons of restaurants. The property (''Lot 1'' in photo 14) consists of 6 acres of land and 3 income producing rental units. There is also a pole building in decent shape, and a loafing shed. The large barn is in the process of being removed and would make a
great spot to add a 4th rental to the brand new and upgraded septic system. This would also be an ideal property to
...Excellent investment opportunity in Fairfield County! Located just a few minutes from downtown Lancaster,
Fairfield Hospital, and tons of restaurants. The property (''Lot 1'' in photo 14) consists of 6 acres of land and 3 income producing rental units. There is also a pole building in decent shape, and a loafing shed. The large barn is in the process of being removed and would make a
great spot to add a 4th rental to the brand new and upgraded septic system. This would also be an ideal property to start your own homestead. The three rentals homes are 748 sqft, 2 bedrooms and one bath each. Rents are currently below market and provide a monthly income of $2,300.
  • Listed by: Glen Whitten 419.790.3106 glen@ohiomlsflatfee.com Brokerage DRE #2007003291 • Ohio Property Group, LLC
Listing closed: 01/05/2025 12:00 AM • Source: Columbus and Central Ohio Regional MLS, MLS#: 224042260

Recent comparable sales

Median sold price

$398,000

Avg days on market

38

Sale-to-list ratio

88.9%

Lancaster, OH

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Amenities

  • Electricity Included
  • Forced Air

Location

Listing Courtesy of Ohio Property Group, LLC

Sold By RE/MAX ONE

Add your commute

Payment Calculator

$2,601 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,145

Property Taxes

$456

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 721 Zion Road Southeast

Property Details
Building Information
  • Residences: 3
  • Year Built: 1986
  • Lot Size: 6.00 AC / 261,360 SF
Summary
Location and General Information
  • Township: Rushcreek
  • Longitude: -82.465364
  • Latitude: 39.710177
  • Cross Street: Houke Rd SE
  • Between Street: Zion
Taxes and HOA
  • Parcel Number: 03-40032-800
  • Tax Year: $2,023.00
  • Tax District: 034
  • Tax Abatement: No
School Information
  • High School District: FAIRFIELD UNION LSD 2304 FAI CO.
Property
Lot Information
  • Lot Size Square Feet: 261360.0
  • Lot Size Acres: 6.0
  • Lot Size Area: 6.0
Property and Assessments
  • Year Built: 1986
  • Possible Use: Bed & Breakfast, Residential
  • Built Prior to 1978: No
  • Miscellaneous: Carports, W/D Hookups
Building Features
  • # of Buildings: 4.0
  • Building Sqft: 2244.0
Utilities
  • Utilities: Electricity Available
  • Sewer: Private Sewer
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Heating: Forced Air
  • Heat Fuel: Electric
Multi Family
Multi Family Information
  • Total Number Of Units: 3.0
Income & Expenses
  • Net Operating Income: $9,999
  • Operating Expense: $9,999.00
  • Gross Income: $2,300
Rental
Rent Information
  • 2 Bedroom: 2 Bedroom # of Units: 3.0

Property History for 721 Zion Road Southeast

DateEvent & SourcePriceAppreciation
Jan 5, 2025

Sold

Columbus and Central Ohio Regional MLS #224042260

$422,000
Jan 4, 2025

Contract Signed

Columbus and Central Ohio Regional MLS #224042260

Dec 16, 2024

Listed (Active)

Columbus and Central Ohio Regional MLS #224042260

$399,000
DateEvent & SourcePrice
01/05/2025

Sold

Columbus and Central Ohio Regional MLS #224042260

$422,000
01/04/2025

Contract Signed

Columbus and Central Ohio Regional MLS #224042260

12/16/2024

Listed (Active)

Columbus and Central Ohio Regional MLS #224042260

$399,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 721 Zion Road Southeast

This home is within Fairfield Union Local School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Bremen Elementary School
PublicK to 4

Fairfield Union High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ohio Property Group, LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.