1503 Madison Avenue

Local assessors in Toronto, OH have categorized 1503 Madison Avenue as a residential type of property. The home was built in 1922 and is 102 years old. The property's lot size has been calculated to be 1,307 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 159 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 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 1503 Madison Avenue has a total of 1,024 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is average. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's baseboard heaters is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $611 in taxes each year. 1503 Madison Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $9,143. If we break it down further, the land itself was valued at $1,145. Improvements to the property, however, were assessed at a total of $7,998. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.