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1172 Lake Point

1172 Lake Point, Westerville, OH 43082
Sold Nov 16, 2023
$500,000
$335,000 by Leader Bank, Na
Mortgage Due Nov 01, 2053
Sold Sep 02, 2020
$385,000
Local assessors in Westerville, OH have categorized 1172 Lake Point as a residential type of property. The home was built in 1994 and is 30 years old. It was most recently renovated and altered in 2015. The property's lot size has been calculated to be 10,237 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1172 Lake Point has a total of 2,526 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,038 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 483 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's baseboard heaters is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1172 Lake Point sold most recently in Nov 10, 2023 for a total of $500,000. If you work out the math, that's approximately a cost of $123.55 per sqft. Before that, the property was also sold for $385,000 in Aug 20, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,053 in taxes each year. The initial year of tax delinquency occurred in 2022. 1172 Lake Point was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $179,730. If we break it down further, the land itself was valued at $37,870. Improvements to the property, however, were assessed at a total of $141,860. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Stucco Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Conventional
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,038
  • Garage Type: Attached
  • Garage Square Area: 483
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,237
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,047
  • Gross Building Area: 4,083
  • Building Area: 2,526
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 2,526
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MARINERS COVE
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: LOTS MC 129 MARINERS COVE

Ownership

  • Current Owner : MCFADDEN JAMES
  • Current Owner 2: MCFADDEN REBECCA
  • Previous Owner : ZIMMERMAN CALVIN
  • Previous Owner 2: ZIMMERMAN CHRISTINE
  • Owner Before Previous Owner: MCKENNA CAROLYN SHORT
  • Owner Before Previous Owner 2: MCKENNA CAROLYN SHORT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Westerville City School District
  • School Tax School District: 18
  • Census Tract: 011710

Geography

  • Assessors Map Reference: 18003
  • District: 18
  • Parcel: 317-431-05-006-000
  • Lot: 129
  • Municipality: WESTERVILLE CORP
  • Latitude: 40.1415
  • Longitude: -82.8867

    Address

  • Full Address: 1172 Lake Pt
  • Address - House Number: 1172
  • Address - Street Name: Lake
  • Address - Suffix Type: Pt
  • State: OH
  • City Name: Westerville
  • Carrier Code: C041
  • 4-Digit Zip Code: 7472
  • Zip Code: 43082

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,053
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 18 2514

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 517,544
  • High Value: 635,115
  • Low Value: 399,973

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $335,000
  • First Open Lien Mortgage Lender: LEADER BANK, NA
  • First Open Lien Mortgage Recording Date: Nov 16, 2023
  • First Open Lien Mortgage Loan Amount: $335,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $513,500
  • Market Land Value: $108,200
  • Market Improvement Value: $405,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,730
  • Assessed Land Value: $37,870
  • Assessed Improvements Value: $141,860

    Sales

  • Current Sale Contract Date: Nov 10, 2023
  • Current Sale Recording Date: Nov 16, 2023
  • Current Sale Transaction ID: 11916847358
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 24643
  • Previous Sale Recording Date: Sep 02, 2020
  • Previous Sale Contract Date: Aug 20, 2020
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Assignment Deed (or Condo Deed if Land Use = "CND")

    Last Sale Mortgage

  • First Mortgage Lender: LEADER BANK, NA
  • First Mortgage Transaction Date: Nov 16, 2023
  • First Mortgage Loan Amount: $335,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2053

About Westerville



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Frequently Asked Questions

What neighborhood is 1172 Lake Point located in?
The 1172 Lake Point is a house located in the neighborhood of Westerville City in Westerville, Westerville.
What is the average sales price for listings in 1172 Lake Point?
The average sales price for units in 1172 Lake Point is $0 currently.

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