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5520 Clover Valley Rd, Johnstown, OH, 43031

4beds
3baths
2,270sqft
$2,000,000
$881price/sqft
$12,998/moest. monthly cost
$519,920/yrincome needed

About This Home

*TEMPORARY PRICE REDUCTION FOR LAND SALE. HOME IS SCHEDULED TO BE COMPLETELY REBUILT AFTER A HOUSE FIRE. ONCE CONSTRUCTION HAS COMMENCED, PRICE WILL BE INCREASED. This will be a brand new home! Prime Investment Opportunity in Johnstown's Industrial Area! 9.6-Acre Homestead, Pond & Outbuilding. Welcome to this unique 9.68 acre property that combines rural charm, modern updates, and exceptional investment potential. This property is ideal for those seeking space to create a mini farm, homestead, or income-generating venture. Outdoors, you'll find a peaceful pond, mature trees, and a versatile outbuilding perfect for livestock, equipment storage, or workshop use. While the property is currently zoned residential, it directly borders newly rezoned industrial land--opening the door to future development possibilities or increased long-term value. This rare combination of rural living and strategic location makes it a standout opportunity for homeowners and investors alike. Whether you're looking to cultivate a sustainable lifestyle or make a smart addition to your real estate portfolio, this property checks all the boxes. Schedule your private showing today--opportunities like this don't come around often!

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1994

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Property

Lot

  • Lot size: 9.68 Acres

Parking

  • Total spaces: 4
  • Parking features: Attached,Detached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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

  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

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 $10,113$121,356
Home Insurance *$693$8,316
Property Taxes $1,949$23,388
Electricity $243$2,921
Total$12,998$155,976
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$445,645/yr
40% on housing$389,940/yr
45% on housing$346,613/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: 13.5%
13.5%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$881This listing

vs Other Active Listings

Avg $/sqft

ZIP 43031$895
Licking County$256

vs Homes Sold Last Month

Median $/sqft

ZIP 43031$217
Licking County$178

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

No price history available

For Sale by Agent

AgentBrandy N McQuade
BrokerageKeller Williams Greater Cols

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