628 E Chestnut St · Lancaster, OH 43130

$215,000

3 bd · 1.0 ba · 1,997 sqft · SingleFamily public records · 61 Days on market

Built 1900 4,791 sqft lot $108/sqft · at area comps Est $221k · at est. ↓ 31% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.9/30.0
• ARV discount +8.7/15.0
• Livability +4.3/5.0
• DSCR +4.2/10.0
• Rent growth +3.8/5.0
• Schools +3.7/10.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

Key facts

• Quartz countertops
• Finished third story
• Updated kitchen

Tags

• TWO STORY HOME
• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• FINISHED THIRD STORY
• FULLY FENCED BACKYARD

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Built in 1900; No common walls
• Construction: Block and stone foundation
• Exterior features: Deck; Fenced yard

Interior

• Flooring: Wood flooring; Carpet; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Decorative fireplace; Full basement; Insulated windows

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $26 ($306/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (15.7% below list).
• Recommended offer: $181k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.2% in Lancaster — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#41 in OH, #423 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D, employment D.
• Lancaster City (town): math 38% / reading 51% proficiency, ranked #504 of 656 in OH (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tallmadge Elementary School (math 25% / reading 41%, grade F, #1,130 of 1,584 statewide, top 72%, 488 students, 70% FRL); Thomas Ewing Junior High School (math 34% / reading 49%, grade F, #503 of 654 statewide, top 77%, 705 students, 58% FRL); Lancaster High School (math 35% / reading 65%, grade D+, #384 of 781 statewide, top 49%, 1,848 students, 53% FRL).
• Market conditions: Rents rising fast (+5.2%/yr); 201 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 475 units permitted in Fairfield County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,321 (15.7% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 9.9

CMA / ARV

• ARV (median comp): $220,746
• List price: $215,000
• Delta: -2.60%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
769 E Mulberry St	0.36mi	3/2.0	1,953 (-2%)	1mo	$250,000	$128	75
308 Wheat St	0.16mi	3/2.0	1,820 (-9%)	6mo	$145,000	$80	69
114 S Maple St	0.19mi	4/2.5 (+1)	2,160 (+8%)	1mo	$160,000	$74	66
534 E Wheeling St	0.20mi	4/1.5 (+1)	2,182 (+9%)	3mo	$273,000	$125	66
414 E Walnut St	0.31mi	3/2.0	1,780 (-11%)	2mo	$276,000	$155	62
537 E Wheeling St	0.22mi	3/2.0	1,699 (-15%)	1mo	$255,000	$150	60
844 E Wheeling St	0.36mi	3/1.5	1,750 (-12%)	1mo	$265,000	$151	60
434 Madison Ave	0.42mi	3/2.0	1,709 (-14%)	5mo	$220,000	$129	48
538 E 6th Ave	0.51mi	3/1.5	1,704 (-15%)	4mo	$272,000	$160	46
233 E 6th Ave	0.66mi	3/1.5	1,716 (-14%)	3mo	$280,000	$163	41
627 Harding Ave	0.72mi	3/2.0	1,700 (-15%)	4mo	$249,900	$147	35
187 E Allen St	0.75mi	3/1.5	1,698 (-15%)	5mo	$220,000	$130	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.52×
• Total profit: $-29,094
• Equity at exit: $32,057

10-year hold

• IRR: -1.2%
• Equity multiple: 0.91×
• Total profit: $-5,549
• Equity at exit: $18,589

Cash invested: $60,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43130

• Rents YoY: 5.2%
• Active inventory: 201
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,813 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$190 /mo · $2,278/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $26

Break-even live

Break-even rent $1,781

Max offer price $215,000

Occupancy floor 94%

Sensitivity live

Price	-10% $147	-5% $86	+0% $26	+5% $-35	+10% $-96
Rent	-10% $-118	-5% $-46	+0% $26	+5% $97	+10% $169
Rate	-1.0pp $134	-0.5pp $80	base $26	+0.5pp $-30	+1.0pp $-87

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1508 Greyfield ST Lancaster, OH	1.0–3.0	1.0–2.0	953	$1,869	$1.96	0d	1	0.63mi
635 N High St Lancaster, OH	3.0	2.0	1608	$2,200	$1.37	45d	1	0.75mi
219 N Columbus St Lancaster, OH	1.0–2.0	1.0–2.0	1184	$1,895	$1.60	0d	31	0.85mi
532 N Columbus St Unit A Lancaster, OH	2.0	1.0	1300	$1,550	$1.19	45d	1	0.93mi
421 Washington Ave Lancaster, OH	4.0	1.0	1296	$1,650	$1.27	14d	1	1.49mi

Listing history 50 events

1. 2026-06-21
   days on market $215,000 Active 61 DOM
2. 2026-06-18
   days on market $215,000 Active 58 DOM
3. 2026-06-17
   days on market $215,000 Active 57 DOM
4. 2026-06-16
   days on market $215,000 Active 56 DOM
5. 2026-06-15
   days on market $215,000 Active 55 DOM
6. 2026-06-13
   days on market $215,000 Active 53 DOM
7. 2026-06-10
   price $215,000 Active 49 DOM
8. 2026-06-09
   days on market $220,000 Active 49 DOM
9. 2026-06-08
   days on market $220,000 Active 48 DOM
10. 2026-06-07
    days on market $220,000 Active 47 DOM
11. 2026-06-03
    days on market $220,000 Active 43 DOM
12. 2026-06-02
    statusdays on market $220,000 Active 42 DOM
13. 2026-06-01
    days on market $220,000 Contingent 41 DOM
14. 2026-05-31
    days on market $220,000 Contingent 40 DOM
15. 2026-05-12
    price $220,000 995-char remark
16. 2026-04-21
    listed $225,000 Active 995-char remark
17. 2024-08-29
    soldstatus $196,000
18. 2024-08-26
    soldstatus $196,000 Closed 849-char remark

    Show marketing remark (849 chars)

    MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

19. 2024-07-26
    historical Contingent Finance and Inspection 849-char remark

    Show marketing remark (849 chars)

    MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

20. 2024-07-22
    price $194,000 849-char remark

    Show marketing remark (849 chars)

    MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

21. 2024-07-15
    price $199,900 849-char remark

    Show marketing remark (849 chars)

    MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

22. 2024-07-10
    listed $220,000 Active 849-char remark

    Show marketing remark (849 chars)

    MOTIVATED SELLER! Spacious & Classic 2 Story with Tasteful Updates! Close to Historical Downtown Lancaster, & an easy commute to SR 33. Features a sprawling main level with plenty of natural light, luxury vinyl planks, decorative fireplace, & various options for open dining. Kichen includes quartz counters, subway tile backsplash, & stainless appliances. Second level you'll find 4 bedrooms, a full bath, & a convenient option for washer & dryer hookups. Attic has been finished, creating an awesome additional rec space! Roof & fully insulated windows installed in 2017. Rear fencing creates privacy for the back deck & yard. Plenty of storage in the full basement & ample off-street parking. Feel right at home on your covered front porch, perfect for entertaining or sipping that morning coffee

23. 2018-07-06
    soldstatus $115,000
24. 2018-06-22
    soldstatus $115,000 Closed

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

25. 2018-05-22
    historical Contingent Finance and Inspection

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

26. 2018-05-19
    price $119,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

27. 2018-05-19
    status Active

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

28. 2018-04-12
    historical Contingent Finance and Inspection

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

29. 2018-04-11
    status Active

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

30. 2018-03-15
    historical Contingent Finance and Inspection

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

31. 2018-03-12
    price $129,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

32. 2018-02-21
    price $139,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

33. 2018-02-16
    price $144,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

34. 2018-01-30
    price $149,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

35. 2018-01-11
    price $154,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

36. 2018-01-05
    price $159,900

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

37. 2017-12-15
    listed $164,900 Active

    Show marketing remark (623 chars)

    Fresh renovation in this huge home, close to everything in Downtown Lancaster! This beautiful home features 4 bedrooms with enormous finished attic. New shingle roof on first floor roofs, new energy efficient windows & doors throughout with vinyl siding! Kitchen features quartz countertops with new cabinets and stainless steel appliances. Bathroom remodel with fresh tile, vanity, faucets, light fixture and toilet! Just installed floors include: easy to maintain luxury vinyl wood planks and super soft carpet plus tile in bathroom. Brand new front porch! Options for basement or 2nd floor washer and dryer.

38. 2017-05-19
    soldstatus $37,500 Closed
39. 2017-05-01
    historical Contingent Finance and Inspection
40. 2017-03-28
    listed $49,000 Active
41. 2013-09-27
    soldstatus $25,000
42. 2013-09-27
    soldstatus $25,000
43. 2013-09-27
    soldstatus $25,000 Closed
44. 2013-09-18
    historical
45. 2013-09-05
    listed $32,900
46. 2013-09-04
    listed $32,900
47. 1999-06-23
    soldstatus $63,196
48. 1990-11-19
    soldstatus $65,000
49. 1990-08-27
    soldstatus $65,000
50. 1990-03-09
    soldstatus $26,400

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,278 · $190/mo
• Projected year-2 tax: $2,816 · $235/mo
• Expected delta: +$538/yr (+$45/mo · 23.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 50% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,759
• − Mortgage interest: −$12,043
• − Property taxes: −$2,278
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,741
• − Management: −$1,741
• − Depreciation: −$6,255
• Taxable loss: −$3,374
• Est. tax savings @ 24.0%: +$810
• After-tax cash flow: $1,116/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lancaster City
• NCES district ID: 3904420
• Math proficiency: 38% ▼ -21.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $41,696
• Composite: 37.39/100
• National rank: #4427
• State rank: #504 of 656 in OH

Livability — Lancaster

• Score: 86/100
• State rank: #41
• US rank: #423

Category grades

Amenities A+ Commute A Cost of living A+ Crime D Employment D Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, OH
• County: Fairfield County · 109,896 people
• City population: 62,933
• Metro: Columbus, OH
• Population (ZIP): 62,933
• Household income: $72,153
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1400.0

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -298.81%
• Current HPI: 239.6352
• Rent YoY: ▲ 5.22%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

-30.6% since first listed

40 events — show timeline

• 2026-06-09 Price Changed $215,000 CBRMLS
• 2026-06-02 Relisted — CBRMLS
• 2026-05-21 Contingent — CBRMLS
• 2026-05-12 Price Changed $220,000 CBRMLS
• 2026-04-21 Listed $225,000 CBRMLS
• 2024-08-29 Sold (Public Records) $196,000 Public Records
• 2024-08-26 Sold (MLS) $196,000 CBRMLS
• 2024-07-26 Contingent — CBRMLS
• 2024-07-22 Price Changed $194,000 CBRMLS
• 2024-07-15 Price Changed $199,900 CBRMLS
• 2024-07-10 Listed $220,000 CBRMLS
• 2018-07-06 Sold (Public Records) $115,000 Public Records
• 2018-06-22 Sold (MLS) $115,000 CBRMLS
• 2018-05-22 Contingent — CBRMLS
• 2018-05-19 Price Changed $119,900 CBRMLS
• 2018-05-19 Relisted — CBRMLS
• 2018-04-12 Contingent — CBRMLS
• 2018-04-11 Relisted — CBRMLS
• 2018-03-15 Contingent — CBRMLS
• 2018-03-12 Price Changed $129,900 CBRMLS
• 2018-02-21 Price Changed $139,900 CBRMLS
• 2018-02-16 Price Changed $144,900 CBRMLS
• 2018-01-30 Price Changed $149,900 CBRMLS
• 2018-01-11 Price Changed $154,900 CBRMLS
• 2018-01-05 Price Changed $159,900 CBRMLS
• 2017-12-15 Listed $164,900 CBRMLS
• 2017-05-19 Sold (MLS) $37,500 CBRMLS
• 2017-05-01 Contingent — CBRMLS
• 2017-03-28 Listed $49,000 CBRMLS
• 2013-09-27 Sold (MLS) $25,000 Dayton MLS
• 2013-09-27 Sold (MLS) $25,000 Dayton MLS
• 2013-09-27 Sold (MLS) $25,000 CBRMLS
• 2013-09-18 Listing Removed — CBRMLS
• 2013-09-05 Listed $32,900 Dayton MLS
• 2013-09-04 Listed $32,900 CBRMLS
• 1999-06-23 Sold (Public Records) $63,196 Public Records
• 1990-11-19 Sold (Public Records) $65,000 Public Records
• 1990-08-27 Sold (Public Records) $65,000 Public Records
• 1990-03-09 Sold (Public Records) $26,400 Public Records
• 1989-08-31 Sold (Public Records) $310,000 Public Records

Property tax history

+9.5%/yr

Latest (2025): $2,278 · +20.5% YoY. Source: county tax records.