Unlocking Potential: A Comprehensive Guide to 1005 Lawnview Ave, Newark, OH 43055

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Move-In Ready Home with Room to Grow

Welcome to this charming 3-bedroom, 1.5-bath home that combines comfort,convenience,and potential.The inviting floor plan flows seamlessly from the living room, featuring a cozy gas fireplace, into the kitchen with an eat-in dining area. First-floor laundry adds ease to everyday living.

Situated on a generous, fenced-in corner lot, this home offers plenty of outdoor space along with a 2-car detached garage. The full basement provides additional space with endless potential, while the attic offers excellent storage or the chance to create your own unique retreat.

Located close to shopping, dining, and entertainment, this property also provides swift access to OSU Newark, COTC, and state Route 16, making the commute to Columbus a breeze at just 35 minutes.

Details:

Fireplace Features: One, Gas Log
Property Sub Type: single Family Residence
Window Features: Insulated All
Lot size Square Feet: 7405.2
Parking Features: Garage Door Opener, Detached Garage, on Street
Patio And Porch Features: patio
* School District: Newark CSD

What potential environmental concerns, if any, should a buyer investigate despite the lack of currently documented issues?

Property Overview & Newark Location

1005 Lawnview Ave, Newark, ohio 43055, presents a unique opportunity within the Licking County real estate market. This address falls within the city of Newark, known for its historical charm, growing economy, and convenient access to major transportation routes. Understanding the location is key to unlocking the property’s full potential. Newark offers a blend of small-town living with big-city amenities, making it attractive to families, young professionals, and retirees alike. Proximity to Columbus (approximately 40 miles) expands employment and entertainment options.

Zoning & Land Use Regulations

Before any development or renovation, understanding Newark’s zoning regulations is crucial. 1005 Lawnview Ave is currently zoned as R-1 (Single-Family Residential) according to Licking County records. This zoning dictates permitted uses, building height restrictions, setback requirements, and lot coverage limitations.

Permitted Uses: Primarily single-family dwellings. Accessory structures like garages and sheds are generally allowed with specific guidelines.

Setback Requirements: Typically, front setbacks are 25 feet, side setbacks are 7.5 feet, and rear setbacks are 20 feet. Always verify with the City of Newark Planning and Zoning Department for the most current regulations.

Potential for Variance: Depending on your project, a variance might be necessary. This requires submitting a formal submission and attending a zoning board meeting.

Property History & Recent Sales Data

A review of public records reveals the property was built in 1958. Recent sales data (as of August 23, 2025) indicates a sale price of $185,000 in February 2024. Comparable properties in the Lawnview neighborhood are currently listed between $170,000 and $200,000,depending on size,condition,and upgrades. This suggests a stable, appreciating market. Examining past property tax assessments and any recorded liens is also recommended during due diligence.

Investment Potential: Renovation vs. new Construction

1005 Lawnview ave offers two primary investment paths: renovation of the existing structure or potential new construction.

Renovation:

Cost Estimate: A moderate renovation (kitchen, bathrooms, flooring, paint) could range from $30,000 to $50,000.

Potential ROI: A well-executed renovation could increase the property value by $40,000 to $60,000, offering a solid return on investment.

Key Considerations: Lead-based paint testing (due to the age of the home) and asbestos inspection are essential. Permits are required for meaningful structural changes.

New Construction:

Cost Estimate: building a new home on the lot could range from $200,000 to $300,000+, depending on size and finishes.

Potential ROI: New construction allows for customization and potentially higher resale value, but requires a larger upfront investment.

Key Considerations: Demolition costs, site readiness, utility connections, and adherence to current building codes are critical.

Neighborhood Amenities & local Schools

the Lawnview neighborhood is known for its quiet,residential atmosphere. Key amenities within a short drive include:

Parks & Recreation: Veteran’s Park and Wildwood Park offer green spaces, walking trails, and recreational facilities.

Shopping & Dining: Newark’s downtown area features a variety of local shops, restaurants, and entertainment venues. Large retail chains are located along Route 40.

healthcare: Licking Memorial Hospital provides comprehensive medical services.

Schools: the property is served by the Newark City Schools district. Nearby schools include:

Wilson Middle School

Newark High School

North Elementary School (verify current zoning)

Financing Options & Local Resources

Several financing options are available for potential buyers:

Conventional Mortgages: Offered by banks and credit unions.

FHA Loans: Government-backed loans with lower down payment requirements.

VA Loans: available to eligible veterans.

local Banks: First National Bank and Chase Bank have branches in Newark.

Useful Resources:

City of Newark Planning and Zoning: https://www.newarkohio.gov/planning-zoning

Licking County Auditor: https://www.lcounty.com/auditor/

Newark city Schools: https://www.newarkcityschools.org/

Licking county regional Planning Commission: https://www.lcrpc.org/

Environmental Considerations & Due Diligence

A thorough environmental assessment is recommended. While no known environmental issues are currently documented for 1