7.7 acres of commercial zoned (B-1 Business) vacant land ready for development in the Lancaster business district. All municipal utilities available. In the midst of retail, auto dealers, professional offices and a brand-new Sherman Middle School. New traffic signal at N. Memorial Drive and Election House Road gives improved traffic flow to this site.
Property Details
Property Features
Listing Office:
Office Name: Rise Realty
Office Phone: (740) 654-5552
Listing Agent: Jeffrey A Sauer, Carol L Sauer
Lot Features
Lot Information:
Lot Size: 3.85 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $994,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lancaster, OH.
This property is $749.8K more than the Median Sold Price in Lancaster, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Columbus and Central Ohio Regional MLS
MLS Number: #223011844
Listing Office:
Office Name: Rise Realty
Office Phone: (740) 654-5552
Listing Agent: Jeffrey A Sauer, Carol L Sauer
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,029
Per Month
Principal & Interest
$4,962
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,047
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Tarhe Trails Elementary School
2141 Greencrest Way
Distance between this listing and this school1.18 miles
Public District Grades KG-5
5
/10
Gorsuch West Elementary School
440 Trace Dr
Distance between this listing and this school2.84 miles
Public District Grades KG-5
5
/10
Mt. Pleasant Elementary School
712 N Broad St
Distance between this listing and this school3.16 miles
Public District Grades KG-5
Nearby Schools
6
/10
General Sherman Junior High School
1930 Election House Rd NW
Distance between this listing and this school0.12 miles
Public District Grades 6-8
6
/10
Bloom-Carroll Middle School
71 S Beaver St
Distance between this listing and this school4.19 miles
Public District Grades 5-8
5
/10
Thomas Ewing Junior High School
2024 Sheridan Dr
Distance between this listing and this school4.23 miles
Public District Grades 6-8
Nearby Schools
5
/10
Lancaster High School
1312 Granville Pike
Distance between this listing and this school3.46 miles
Public District Grades 9-12
7
/10
Bloom-Carroll High School
5240 Plum Rd
Distance between this listing and this school4.12 miles
Public District Grades 9-12
4
/10
Liberty Union High School
500 W Washington St
Distance between this listing and this school7.12 miles
The neighbors living near this home have an average income of $68,227. Residents of Lancaster, OH typically earn between $35k-100k each year. Typical family type is married, with kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Lancaster, OH
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Lancaster, OH?
The housing landscape in Lancaster, Ohio, is characterized by a mix of architectural styles, with single-family homes being the most prevalent. These homes reflect a range of designs from classic mid-century to more contemporary structures. The market also includes a selection of apartments and townhouses, accommodating various preferences and lifestyles. The area has seen a steady growth in homeownership, with a significant portion of residents owning their homes, while the rest are engaged in the rental market.
Is Lancaster, OH a good place to live?
Lancaster is celebrated for its small-town charm and rich historical heritage. The community prides itself on a strong sense of togetherness, often showcased during local events and festivals that highlight the city's cultural identity. Residents enjoy a blend of traditional values and a welcoming atmosphere that defines the city's character.
Are things conveniently located in Lancaster, OH?
Residents of Lancaster have access to a solid educational system, with multiple public schools serving different age groups and a few private institutions, some of which may have religious affiliations. The city is served by a network of healthcare facilities, including a major hospital that provides a range of services from primary care to specialized treatments. The public library system supports lifelong learning and community engagement. Retail and dining options reflect the local culture, offering both familiar and unique experiences.
What does the transportation in Lancaster, OH look like?
Transportation in Lancaster includes a variety of options for residents. Public transit services are available, with bus routes connecting key areas of the city. While specific schedules vary, the frequency of these services is designed to accommodate the needs of commuters and local travelers. The city also supports ride-sharing options, enhancing mobility for those without private vehicles. Lancaster boasts a network of roads and highways that facilitate travel to nearby cities and attractions, with ongoing efforts to improve transport efficiency and accessibility for all residents.
Frequently Asked Questions About 1470 Election House Rd NW
What is the listing price of this property?
The listing price of 1470 Election House Rd NW property is $994,000.
What type of property is this?
The property 1470 Election House Rd NW is land located in Lancaster, Ohio, 43130.
Is this property for sale now?
Accepting Backup Offers: 1470 Election House Rd NW is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
How much acreage is this property?
The property 1470 Election House Rd NW is 3.85 acres.
Interested in 1470 Election House Rd NW? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1470 Election House Rd NW in Lancaster, OH and zip code 43130. This home sits on a 3.85 acre lot. It has been listed on Rocket Homes since April 27, 2023 and is currently priced at $994,000.
Over 0 listings were sold over their listed price in November 2024 in Lancaster, OH. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Lancaster, OH decreased by 5.3% between October 2024 and November 2024. In November 2024, listings were on the market for 167 days. During the same period, the median list price in this real estate market was $244,125.
From Rocket Homes Real Estate and based on county public records data.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
College Football
College Football
Figure Skating
Extreme Sports
Express/Express For Men
Best Buy
Kmart
Sonic
Texas Roadhouse
Bob Evans
Kia
Ram
Buick
New Country
Contemporary Christian
Oldies