Potential Lot Design 
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$4,500,000
New Albany, OH 43054
MLS# 223026720
Status: Closed
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Property Description
Excellent property for development. It is in the Johnstown School District with their taxes but has a New Albany address. The Property is in a CRCD (Clustered Residential Conservation Districe) It is flat crop land used for corn and soy beans. It has public water, gas, and electric. It is zoned Mixed Use which includes apartments and light offices. It is about 3 miles away from the Intel Ohio One site. It is beside the non-profit Lettuce Work Nursery. There is great potential for a luxury home development. In the description is a rough draft of a potential dvelopment of 16 2 acre homesites. The property was in-contracct and we have a soil test and preliminary approval, however the investors couldn't come up with the money.
Details
Documents
Location & Property Info
List Price/Acre: 108214.46
City (Mailing Addr): New Albany
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Price Per Acre: 100400
For Exchange: No
For Lease: No
General Property Info
Built Prior to 1978: No
Lot Size (Side): est 1728
Tillable Acres: 40
Previous Use: crops
Residential Dwelling/Other Structure Y/N: No
# of Dwellings: 0
Acreage: 40.66
Tax Info
Zoning: mixed use
Multiple Parcels: No
Tax Abatement: No
Taxes (Yrly): 899
Tax Incentive: No
Parcel #: 316-440-01-052-000
Tax Year: 2022
Remarks & Misc
Property Description: Excellent property for development. It is in the Johnstown School District with their taxes but has a New Albany address. The Property is in a CRCD (Clustered Residential Conservation Districe) It is flat crop land used for corn and soy beans. It has public water, gas, and electric. It is zoned Mixed Use which includes apartments and light offices. It is about 3 miles away from the Intel Ohio One site. It is beside the non-profit Lettuce Work Nursery. There is great potential for a luxury home development. In the description is a rough draft of a potential dvelopment of 16 2 acre homesites. The property was in-contracct and we have a soil test and preliminary approval, however the investors couldn't come up with the money.
Status Change Info
Sold Price/Acre: 110673.88
Under Contract Date: 2025-03-25
Sold Date: 2025-09-18
Sold Price: $4,500,000
Income/Expenses
Gross Income: 6000
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Expenses
R.E. Taxes: 899
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 4400000
Sold Price: $4,500,000
Property Sub Type: Development
Street Name: Fancher
Street Suffix: Road
County: Delaware
State: OH
Zip Code: 43054
School District: JOHNSTOWN MONROE LSD 4503 LIC CO.
Township: Harlem
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-08-17
Property Features
Addl Acceptance Cond: None Known
Services Available: Electricity Available; Natural Gas Available; Water Available
MLS Primary PhotoSrc: Realtor Provided
Listing Office: The Ohio Real Estate Co., Inc.
Listing Agent: Thomas Schuler
Last Updated: September - 18 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2025 Columbus Board of Realtors. All rights reserved.
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