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1470 Lexington Drive

1470 Lexington Drive, Vermilion, OH 44089
Property in Vermilion
Sold Jun 14, 2023
$260,000
$247,000 by Union Home Mortgage Corp.
Mortgage Due Jul 01, 2053
Sold Jun 30, 2020
$167,000
$149,572 by Fifth Third Bank
Mortgage Due Jul 01, 2050
1470 Lexington Drive has been categorized by the local assessors in Vermilion, OH as a residential type of property. The building on the property was first built in 1986 and is 38 years old. However, we must point out that the home was most recently renovated and altered in 2015. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1470 Lexington Drive has 1,445 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 11,252 square feet.

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 attached garage for those who require parking. The garage measured 478 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying 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 building has a gable or hip style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with nothing. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 8, 2023 for $260,000. That's $179.93 per sqft. Prior to that sales transaction, the property was also sold in Jun 26, 2020 for $167,000. 1470 Lexington Drive was last assessed in 2023. The total value of the property was assessed at $66,888. Specifically, the land the property is located on was valued at $7,875. While improvements on the property were assessed at a total of $59,013. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,116. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 2015
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 964
  • Garage Type: Attached
  • Garage Square Area: 478
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,252
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,445
  • Gross Building Area: 2,855
  • Building Area: 1,445
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,445
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLEY VIEW ESTATES SUBDIVISION NO 25
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 656-VALLEY VIEW ESTATES SUB#25

Ownership

  • Current Owner : JEPSON NICOLE
  • Previous Owner : STARK MONICA S
  • Previous Owner 2: STARK KEVIN
  • Owner Before Previous Owner: MITCHELL DIANA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Vermilion Local School District
  • School Tax School District: VERMILION SD
  • Census Tract: 040100

Geography

  • Assessors Map Reference: 18286302002
  • Account Number: 003556-8
  • District: 18
  • Parcel: 18-02119-000
  • Municipality: VERMILION CITY
  • Latitude: 41.4065
  • Longitude: -82.3586

    Address

  • Full Address: 1470 Lexington Dr
  • Address - House Number: 1470
  • Address - Street Name: Lexington
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Vermilion
  • Carrier Code: C004
  • 4-Digit Zip Code: 1558
  • Zip Code: 44089

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,116

    Appraisal Valuation

  • Standard Deviation: 0.2771
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 60
  • Final Value: 239,930
  • High Value: 306,429
  • Low Value: 173,431

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $247,000
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Open Lien Mortgage Recording Date: Jun 14, 2023
  • First Open Lien Mortgage Loan Amount: $247,000
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $191,110
  • Market Land Value: $22,500
  • Market Improvement Value: $168,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,888
  • Assessed Land Value: $7,875
  • Assessed Improvements Value: $59,013

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Transaction ID: 11910235397
  • Current Sale Price: $260,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4167
  • Previous Sale Recording Date: Jun 30, 2020
  • Previous Sale Contract Date: Jun 26, 2020
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Mortgage Transaction Date: Jun 14, 2023
  • First Mortgage Loan Amount: $247,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD BANK
  • Previous Mortgage Transaction Date: Jun 30, 2020
  • Previous Mortgage Loan Amount: $149,572
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2050

About Vermilion



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Frequently Asked Questions

What neighborhood is 1470 Lexington Drive located in?
The 1470 Lexington Drive is a located in the neighborhood of Vermilion in Vermilion, Vermilion.
What is the average sales price for listings in 1470 Lexington Drive?
The average sales price for units in 1470 Lexington Drive is $0 currently.

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