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124 Elm Street

124 Elm Street, Ravenna, OH 44266
Property in Ravenna
Sold Feb 09, 2024
$177,000
$213,000 by Equity Trust Co
Mortgage Due Feb 09, 2054
Sold Apr 20, 2004
$158,000
$126,400 by Rbc Mortgage Co
Mortgage Due May 01, 2034
124 Elm Street has been categorized by the local assessors in Ravenna, OH as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The home has a total of 12 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 124 Elm Street has 3,332 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,318 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,340 ft and across the front of the lot is 900 ft. The area measurement of the land has been determined as 12,062 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 1,540 sqft. According to our sources, there are a total of 6 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 124 Elm Street sold most recently in Feb 8, 2024 for a total of $177,000. If you work out the math, that's approximately a cost of $38.06 per sqft. Before that, the property was also sold for $158,000 in Apr 14, 2004. 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 $3,057 in taxes each year. 124 Elm Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $49,110. If we break it down further, the land itself was valued at $10,010. Improvements to the property, however, were assessed at a total of $39,100. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Type: Partial basement
  • Basement Area: 1,318
  • Garage Type: Detached
  • Garage Square Area: 1,540
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 12,062
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 900
  • Total Building Area: 4,650
  • Gross Building Area: 4,698
  • Building Area: 3,332
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 3,332
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TAPPAN
  • Land Acres: 0.277
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TAPPAN LOT 19 & 20S F 90

Ownership

  • Current Owner : ALCOVE PROPERTIES LLC
  • Previous Owner : GARDNER PROPERTIES LLC
  • Owner Before Previous Owner: BATES KAREN
  • Owner Before Previous Owner 2: BATES RALPH R
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ravenna City School District
  • School Tax School District: RAVENNA
  • Census Tract: 600800

Geography

  • District: 31
  • Parcel: 31-349-04-00-281-000
  • Lot: 19
  • Municipality: RAVENNA CITY
  • Latitude: 41.1584
  • Longitude: -81.2382

    Address

  • Full Address: 124 Elm St
  • Address - House Number: 124
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: OH
  • City Name: Ravenna
  • Carrier Code: C007
  • 4-Digit Zip Code: 2375
  • Zip Code: 44266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,057
  • Tax Rate Code Area: 31 6706

    Appraisal Valuation

  • Standard Deviation: 0.4605
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 7
  • Final Value: 193,884
  • High Value: 283,181
  • Low Value: 104,586

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $213,000
  • First Open Lien Mortgage Lender: EQUITY TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 09, 2024
  • First Open Lien Mortgage Loan Amount: $213,000
  • 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: Feb 09, 2054

    Market Valuation

  • Market Total Value: $140,300
  • Market Land Value: $28,600
  • Market Improvement Value: $111,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,110
  • Assessed Land Value: $10,010
  • Assessed Improvements Value: $39,100

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Transaction ID: 11920894869
  • Current Sale Price: $177,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1587
  • Previous Sale Recording Date: Apr 20, 2004
  • Previous Sale Contract Date: Apr 14, 2004
  • Previous Sale Amount: $158,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY TRUST CO
  • First Mortgage Transaction Date: Feb 09, 2024
  • First Mortgage Loan Amount: $213,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: RBC MORTGAGE CO
  • Previous Mortgage Transaction Date: Apr 20, 2004
  • Previous Mortgage Loan Amount: $126,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2034

About Ravenna



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Frequently Asked Questions

What neighborhood is 124 Elm Street located in?
The 124 Elm Street is a located in the neighborhood of Ravenna in Ravenna, Ravenna.
What is the average sales price for listings in 124 Elm Street?
The average sales price for units in 124 Elm Street is $0 currently.

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