Backup offers
$8,194 Closing Credit¹
#225020705, Hugh H Price, Listing office: Howard HannaRealEstateServices
$688,500 List price
701 Colby Way Newark, OH 43055
$8,176
Closing credit¹
4 beds
4 full, 1 partial
2,712 sqft
3.2 acres
$254 / sqft
House
Property details
About 701 Colby Way
**BACK ON MARKET.... Don't miss this 3.16 acre, custom new-build home in The Village of Hanover, walking distance to Licking Valley Schools. The open concept greatroom area has soaring 12' vaulted ceilings, an entertainers kitchen with soft-close, all wood cabinetry, huge island a lovely dining room space. 2 Owners Suites plus 2 more spacious bedrooms and 4.5 bathrooms give homeowners so much space to spread out. This home has an oversized 4 car garage and ~2700ft.² poured wall basement plumbed for a future bath. Quality finishes are found throughout the home; a stunning HUGE tile master shower, black matte faucets & fixtures, Andersen double hung windows, Owens Corning roof, quartz countertops, walk-in pantry, crown molding &concrete covered front and back porches. Don't miss this amazing home with NO HOA!
Highlights
Home typeSingle Family Residence
StatusAccepting Backup Offers
(Contingent)
(Contingent)
CoolingCentral Air
Size2,712 sqft
BasementYes
Lot size3.16 Acres
Year builtNew Const., 2024
ParkingGarage Door Opener, Detached Garage
MLS #224042060
Garage4 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Basement: Yes
- Flooring Type: Carpet, Ceramic/Porcelain, Vinyl
- Total Bedroom Count: 4
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Garage Door Opener, Detached Garage
- Architectural Style: Ranch
- Cooling: Central Air
- List Price: $688,500
- Price/SqFt: $253
- Annual Tax Amount: $1,248
- Tax Year: 2023
- Directions: Hainesview Dr to Colby Way
- Year Built: 2024
- Living Area: 2,712 SqFt
- Lot Size: 3.16 Acres
- MLS Number: 224042060
- MLS Name: Columbus and Central Ohio Regional MLS
- Office Name: RE/MAX 360
- Office Phone: (740) 928-3600
- Listing Agent: Elizabeth S Miron
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 8:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$688,500
701 Colby Way
$8,176
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 17, 2021 | Home Sold | $184,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $31,190 | $1,248 |
| 2022 | $19,600 | $883 |
| 2021 | $19,600 | $858 |
| 2020 | $3,330 | $145 |
History based on county public records data.
Nearby schools
5
Licking Valley Elementary School
Public District KG-5
0.9 mi
•1510 Licking Valley Rd
5
Carson Elementary School
Public District KG-5
5.6 mi
•549 E Main St
5
Ben Franklin Elementary School
Public District PK-5
6.7 mi
•533 Beacon Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,207. Residents of Newark, OH typically earn between $35k-100k each year. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
24%
<35k
56%
35k-100k
18%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
23%
Single, No Kids
9%
Single, with Kids
34%
Married, No Kids
34%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
11%
12-17 yrs old
16%
18-34 yrs old
41%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Hunting
Monster Trucks
NASCAR
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Newark, OH
Newark's transportation infrastructure includes a variety of options for residents. Public transit services are available, with bus routes connecting key areas of the city. The community's road network facilitates easy access to nearby cities and towns, and there are plans to enhance transportation efficiency and accessibility. The city is also increasingly bike-friendly, with dedicated lanes and trails that encourage cycling as a mode of transport.
Residents of Newark have access to a solid educational system, with multiple public schools serving the area, as well as private institutions that cater to a range of educational needs. The city is served by a network of healthcare facilities, including a well-regarded hospital that provides emergency services and specialized care. Newark's public library system is a valuable resource for the community, and the city offers a diverse array of retail and dining options that reflect the local culture.
Newark is celebrated for its small-town charm and community-oriented atmosphere. The city prides itself on its historical landmarks, including the famous Newark Earthworks, and its vibrant downtown area that hosts a variety of local events and festivals throughout the year. These gatherings not only entertain but also foster a strong sense of community among residents.
The housing landscape in Newark, Ohio, is characterized by a mix of architectural styles, with single-family homes being the most prevalent. These homes often feature traditional and colonial designs, reflecting the city's rich history. The market also includes a selection of apartments and townhouses, providing options for various lifestyles and family sizes. The area has seen a steady growth in homeownership, with a significant portion of residents owning their homes.
About 701 Colby Way
The listing price of 701 Colby Way property is $688,500.
The property 701 Colby Way is a house located in Newark, Ohio, 43055.
Accepting Backup Offers: 701 Colby Way is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 701 Colby Way are: Licking Valley Elementary School (GreatSchools Rating 5/10), Carson Elementary School (GreatSchools Rating 5/10), Ben Franklin Elementary School (GreatSchools Rating 5/10), Licking Valley Middle School (GreatSchools Rating 6/10), Heritage Middle School (GreatSchools Rating 4/10), Wilson Middle School (GreatSchools Rating 3/10), Licking Valley High School (GreatSchools Rating 6/10), Newark Digital Academy (GreatSchools Rating 2/10), Newark High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,248 (source: MLS/based on county public records data).
The last sale was on August 17, 2021 for $184,000 (source: MLS/tax record).
The property at 701 Colby Way has 4 bedrooms and 4 full and 1 half bathrooms.
The property 701 Colby Way is 2,712 SqFt (source: MLS/tax record).
The year of construction for 701 Colby Way is 2024.
This home is located at 701 Colby Way in Newark, OH and zip code 43055. This 2,712 square foot home, which was built in 2024, sits on a 3.16 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $688,500.
Newark, OH housing market in May 2025 saw over 32 listings sold above listed price, more than 18 sold at listed price and over 24 sold below. Between April and May 2025, Newark, OH real estate market has seen decrease in the number of listings by 1.3%. The median list price of listings available in May 2025 was $241,482, while the average time on the real estate market was 23 days.
From Rocket Homes Real Estate and based on county public records data.