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701 Colby Way, Newark, OH 43055

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For Sale
Sale Pending

$688,500

4 beds • 4 baths • 1 half baths • 2,712 sqft

Estimated Payment

$ 3,642 /mo. †

6.67% APR for 30 yrs.
$1,189 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $253.87
    Price per square foot

  • New Construction, 1-5 Years Old
    Age

Explore this Property

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!
MLS# 224042060

Courtesy Of ReMax 360

(614) 989-7916

Property Features

  • Age
    New Construction, 1-5 Years Old
  • Amenities
    Patio
  • Architecture Style
    Ranch
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Vinyl
  • Lot Size
    3.16 Acres
  • Rooms
    Den, Dining Room, Family Room, Great Room, Living Room, Office

Map and Directions

Directions to 701 Colby Way, Newark, OH 43055

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,543
  • Property Taxes
    $99
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,642

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Licking Valley Elementary School

Grades KG-5 Public School

Newark, OH 43055 0.8 miles
1510 licking valley rd

945 total students
20:1 Student teacher ratio

School Rating: B-

School Details

Licking Valley Middle School

Grades 6-8 Public School

Newark, OH 43055 0.8 miles
1379 licking valley rd

506 total students
18:1 Student teacher ratio

School Rating: B

School Details

Licking Valley High School

Grades 9-12 Public School

Newark, OH 43055 0.6 miles
100 hainsview dr

549 total students
17:1 Student teacher ratio

School Rating: B

School Details
Other Nearby Schools Distance Type Grades School Rating
Headstart Eastland 4.7 miles Public PK

Headstart Eastland

Distance: 4.7 miles

Type Public

Grades: PK

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Newark, OH 43055

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Newark, OH 43055

This community’s employment is highest in the administrative support and healthcare practitioners industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
19° January
Coldest Average Month
26,019 Total Households in Area
1.9% Increase in population since the year 2010
30%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Newark, OH 43055

Newark, OH 43055 has a population of 61,131 people in 26,019 households with a median age of 40.6 years old.

1.9%
Increase in population
since the year 2010
Population is Trending up
24,643
Total households as of 2010
5.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 40.6 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Black 3%
Hispanic 2%
Asian <1%
Other <1%
Native American <1%
The most prevalent ethnicity is White at 89%, followed by Black at 3%, Hispanic at 2%, and Asian at <1%.

Economics
for Newark, OH 43055

536 /sq mi
Population Density
$61,991 /yr
Median Household Income
$224,000
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.11% of the households.

Transportation to Work

  • Drive 88%
  • Work from Home 7%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 15,880 57%
Rented 10,139 37%
Vacant 1,678 6%

White vs Blue Collar Jobs







White Collar 69%
Blue Collar 31%

Family & Education Facts
for Newark, OH 43055

40.6 Median Age

Average Household Size

2.3
persons per
household

45.4%

Married Households

Community Population By Education

High School Graduate 38%
Some College 22%
Bachelors Degree 16%
Associates Degree 9%
Some High School 8%
Graduate Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.48% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30% of households have children

Weather
for Newark, OH 43055

The weather for this area ranges from a high of 84° F in July to a low of 19° F in January

84° July
Hottest Average Month
19° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
19°
36°
Feb
21°
40°
Mar
29°
50°
Apr
38°
62°
May
48°
73°
Jun
57°
81°
Jul
61°
84°
Aug
59°
83°
Sep
52°
77°
Oct
41°
65°
Nov
32°
51°
Dec
23°
40°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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