Top Five Marion Transfers in 2017

Marion County Top Five Sales* in 2017

  1. nursing home sold $3 million marion ohio
    The properties at 175 Community Drive in Marion highlighted sales-to-date in the county so far in 2017.

    $3,896,780; 175 Community Drive, Marion; October 24, 2017. The sale of the Community Care Rehabilitation nursing home was by far the largest deal in the county in 2017, but a far cry from the $9 million plus the facility fetched in 2013. The property was purchased by 175 Community Holdings LLC – which lists Providence Health Care CEO Eli Gunzberg as a member – from KND Real Estate 16 LLC.

  2. $3,065,835; 188 America Boulevard, Marion; July 5, 2017. A move that was foreshadowed for months within I-270 when Bob Evans Farms separated it restaurants and frozen foods sections that impacted Marion locally. The local Bob Evans Restaurant – located at State Route 95 just west of the US 23 exit – changed hands “officially” twice in 2017. First transferring in a non-valid sale for $2,379,982 in April and then officially to VEREIT BE Portfolio in July to become part of the VEREIT real estate holdings.
  3. $2,735,000; LaRue Prospect Road, Green Camp; January 13, 2017. The Gerfen Family Farms put together an impressive purchase of five parcels that included roughly 489 acres of land in Green Camp Township.
  4. $1,575,510; 227 Jamesway Road, Marion; November 20, 2017. The Los Angeles, Calif., based CNI THL PROPCO FE LLC purchased the Fairfield Hotel by Marriott in November from Fargo Motels.
  5. $783,195; Prospect Mt. Vernon Road, Prospect; March 17, 2017. Umang and Tracy Nanda purchased two parcels totaling more than 120 acres from

* – Only sales listed “valid” by the Marion County Auditor’s office are included. A valid sale is considered to have been undertaken by two (or more) parties

State of the Marion County Real Estate Market in 2017

marion county price range
Marion County transfers so far in 2017 based on price range. (information courtesy of Marion County Auditor)

Real estate sales showed a nice quantity in 2017 with 2,589 distinct transfers appearing on the Marion County Auditor’s site.

However, Marion County continues to be plagued by sluggish price recovery from the recession. When considered that 92% of the properties transferred were less than $250,000. The largest number of transfers was in the $100 – $49,999 category with 596 properties being exchanged.

There are lots of reasons that the price could be that low – from city lots being exchanged to including sales that are not valid and thus don’t meet the “two separate parties” idea that a valid sale creates.

Delaware County Real Estate Transfers This Week

$300,174 Average Sale Price September 19-26

3752 Condit Road
ARJ Landcapes new location on State Route 36 in Condit is the top commercial transaction this week. Lots of updates by new owner since this 2009 Delaware County Auditor photo was taken.

It was a slower week than normal with only 82 units changing hands in Delaware County, Ohio, this past week. However, the volume didn’t mean lower values with the average sale price staying above $300,000.

The majority of properties to transfer this week were single-family homes or land dedicated to single-family homes at 92% of the total sales, while condos accounted for 5% of the sales and commercial was 2%.

ARJ Landscapes purchased the property they’ve been using at 3752 Condit Road in rural Sunbury, Ohio, this week. The property, zoned as a car-lot, is being used as the landscape company’s home base. The company specializes in, according to its Web site, “after serving the greater Columbus Ohio Area for over 25 years specializing in patio pavers, fire pits, and more. We have evolved into the leader in Hardscape and Outdoor Living Environments, we have evolved into the leader in the landscaping industry.”

Top 10 Delaware County Transfers

Address City Zip Sale Price Zoning
7303 DEACON CT DUBLIN 43017 $960,000 510 – Single family Dwlg owner occupied
7870 TARTAN FIELDS DR DUBLIN 43017 $729,000 510 – Single family Dwlg owner occupied
7080 STILLWATER CV WESTERVILLE 43082 $640,000 510 – Single family Dwlg owner occupied
5190 GYPSUM WAY GALENA 43021 $622,450 510 – Single family Dwlg owner occupied
248 CABOOSE LN DELAWARE 43015 $535,000 510 – Single family Dwlg owner occupied
4454 GRACE CT GALENA 43021 $510,125 500 – Residential vacant land
2685 SECRETARIAT CT POWELL 43065 $485,138 500 – Residential vacant land
8851 SUNART CT DUBLIN 43017 $459,000 510 – Single family Dwlg owner occupied
65 EMERALD XING WESTERVILLE 43082 $453,220 501 – Resid Unplat 0-09.99 acres
3309 SUNGLOW DR LEWIS CENTER 43035 $450,000 510 – Single family Dwlg owner occupied

Notable Transactions

highest price sale in delaware county
The stately home at 7303 Deacon in Dublin, shown here in a 2009 Delaware County Auditors photograph – sold for $960,000 this past week.
  • The highest-priced condominium to sell was for $380,000 at 7244 Slate Bend in Delaware, Ohio. However, the second condominium fetched only $228,000 on a property at 5430 Grand Crescent in Galena, Ohio.
  • The highest-priced commercial property was the sale of property zoned as a car lot at 3752 Condit Road in rural Sunbury, Ohio for $202,500. The Trenton Township property is 7.5 acres with a 960 square foot building and was financed by Richwood Banking Company.
  • The cheapest single-family home to sell as an arm’s length transaction was 191 Olentangy View Drive in Delaware for $138,000.

Delaware County Home Sales

It was another busy week in the Delaware County Ohio real estate market with 97 valid sales taking place and accounting for nearly $28 million in transfers.

Delaware (27) and Lewis Center (20) are common communities in the top-three however Westerville was finishing up the month strong with 15 units.

Sales only include transfers that are marked as “valid sales” by the Delaware County Auditor’s office.

Delaware County Homes Sale Statistics

August 24-30, 2015

City Units Amount Average
Ashley 1 $75,500 $75,500
Centerburg 2 $460,400 $230,200
Columbus 1 $186,700 $186,700
Delaware 27 $6,444,480 $238,684
Dublin 2 $755,000 $377,500
Galena 8 $3,026,363 $378,295
Johnstown 1 $75,000 $75,000
Lewis Center 20 $5,560,915 $278,046
Ostrander 1 $248,000 $248,000
Powell 11 $4,162,973 $378,452
Sunbury 8 $1,926,066 $240,758
Westerville 15 $5,049,197 $336,613
Total 97 $27,970,594 $288,356.64

Click on the community name to get a listing of homes sold in that community during the past week.