1 month on rocket

55 N 7th St, Newark, OH, 43055

$185,000

Home List Price

$2,197*

Closing Credit

0 Baths
2,364 SqFt
$78/SqFt
Multi

Location

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55 N 7th St, Newark$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached Garage, 1 Carport
Year Built1876
HeatingForced Air
CoolingCentral Air
MLS #224040980
Lot Size0.16 Acres
StatusActive

About 55 N 7th St

Step into a piece of history with this character-filled duplex, just minutes from the vibrant and ever-evolving heart of Downtown Newark. Whether you're looking for an owner-occupant opportunity or a savvy investment property, the possibilities are endless. The flexible layout allows for multiple uses, including rental income or a spacious single-family home conversion. This is an incredible opportunity to invest in the future of Newark. Vacant and easy to show!

Property Details

Property Features

Property Information:

  • Year Built: 1876
  • Living Area: 2,364 SqFt

Listing Office:

  • Office Name: The Raines Group, Inc.
  • Office Phone: (614) 924-9000
  • Listing Agent: Sandy L Raines, Jennifer L Rice

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached Garage, 1 Carport

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000
  • Price Per SqFt: $78/SqFt

Tax Information:

  • Annual Amount: $1,069
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, OH.

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Newark, OH

City

Med. Sold Price

$228.6K

Med. Price/SqFt

$161

Avg. Days On Market

68

# of Sold Homes

8

55 N 7th St vs Newark

31 DAYS ON ROCKET

-37 Days

$185,000

-$43.6K Less

$78/SqFt

-$83 Less

KEY TAKEAWAY

This property is $43.6K less than the Median Sold Price and $83/SqFt less than other homes in Newark, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Columbus and Central Ohio Regional MLS
  • MLS Number: #224040980

Listing Office:

  • Office Name: The Raines Group, Inc.
  • Office Phone: (614) 924-9000
  • Listing Agent: Sandy L Raines, Jennifer L Rice

IDX 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.

Copyright © 2024 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,069$24,160
2019$855$18,585
2018$856$18,585
2017$820$18,585

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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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.

Nearby Schools

school-card-donut-774664
5
/10

  • McGuffey Elementary School

  • 130 Green Wave Dr

  • 1.17 miles

  • Public District Grades KG-5

school-card-donut-774665
5
/10

  • Ben Franklin Elementary School

  • 533 Beacon Rd

  • 1.22 miles

  • Public District Grades PK-5

school-card-donut-774666
5
/10

  • John Clem Elementary School

  • 475 Jefferson Rd

  • 1.26 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,075. The most common annual income of people living in Newark, OH is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Newark, 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.

Types of housing in Newark, OH.

The housing landscape in Newark, Ohio, is characterized by a mix of architectural styles, with single-family homes being the most prevalent. These homes often feature traditional and colonial designs, reflecting the city's rich history. The market also includes a selection of apartments and townhouses, providing options for various lifestyles and family sizes. The area has seen a steady growth in homeownership, with a significant portion of residents owning their homes.

What is it like to live in Newark, OH?

Newark is celebrated for its small-town charm and community-oriented atmosphere. The city prides itself on its historical landmarks, including the famous Newark Earthworks, and its vibrant downtown area that hosts a variety of local events and festivals throughout the year. These gatherings not only entertain but also foster a strong sense of community among residents.

Is it easy to get around Newark, OH without a car?

Residents of Newark have access to a solid educational system, with multiple public schools serving the area, as well as private institutions that cater to a range of educational needs. The city is served by a network of healthcare facilities, including a well-regarded hospital that provides emergency services and specialized care. Newark's public library system is a valuable resource for the community, and the city offers a diverse array of retail and dining options that reflect the local culture.

Transportation in Newark, OH.

Newark's transportation infrastructure includes a variety of options for residents. Public transit services are available, with bus routes connecting key areas of the city. The community's road network facilitates easy access to nearby cities and towns, and there are plans to enhance transportation efficiency and accessibility. The city is also increasingly bike-friendly, with dedicated lanes and trails that encourage cycling as a mode of transport.

Rocket Homes›Ohio›Licking County›Newark›43055›55 N 7th St

This home is located at 55 N 7th St in Newark, OH and zip code 43055. This 2,364 square foot home, which was built in 1876, sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $185,000.

In November 2024, from all listings sold in Newark, OH there were more than 2 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Newark, OH between October 2024 and November 2024 decreased by 9.7%. The median list price of listings available in November 2024 was $228,600, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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