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227 N Cherry St, Lancaster, OH, 43130

2beds
2baths
1,171sqft
$162,000
$138price/sqft
$1,254/moest. monthly cost
$50,160/yrincome needed

About This Home

OPEN SUNDAY 8-9-26 1-3 Step into timeless charm with this delightful 1923 Cape cod offering 1171 square feet of character and opportunity. This inviting home features original hardwood floors, woodwork and built-ins A spacious living room with a cozy gas fireplace with built-ins The large dining room is perfect for gatherings, while the charming kitchen showcases its original cabinetry On the main level, a versatile bonus room offers endless opportunities as a third bedroom, home office, den or playroom Upstairs you'll find two comfortable bedrooms and a full bath The full basement provides four separate rooms for storage, hobbies, or workshop space and includes an additional full bath. Situated on a 0.12-acre corner lot, this home is full of historic charm and is ready for its next owner to bring out its full potential. Conveniently located to 33 and all Lancaster amenities

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
69
BikeBikeable

Schools

4/10
East Elementary SchoolGrades K-51.0 mi
5/10
Lancaster High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Window features: Storm Part
  • Flooring: Wood,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: One,Gas Log
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,171
  • Total interior livable area: 1,171 sqft

Property

Details

  • Parcel number: 0535195600
  • Special condition: Trust,Standard

Features

  • Levels: One and One Half
  • Patio & porch: Porch

Lot

  • Lot size: 5,227 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Ohio Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $819$9,828
Home Insurance *$87$1,044
Property Taxes $155$1,860
Electricity $193$2,320
Total$1,254$15,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,994/yr
40% on housing$37,620/yr
45% on housing$33,440/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.2%
2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$138This listing

vs Other Active Listings

Avg $/sqft

ZIP 43130$148
Fairfield County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 43130$167
Fairfield County$181

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$162,000
2025-01-26Listing removed$215,000
2024-11-05Listed for sale$215,000
2024-10-13Listing removed$215,000
2024-07-30Price change$215,000
2024-02-03Price change$240,000
2023-11-08Listed for sale$285,000

For Sale by Agent

AgentShawn Marie Mckenzie
BrokerageCarleton Realty, LLC

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