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1596 Lorraine Avenue

1596 Lorraine Avenue, Columbus, OH 43235
Property in The Gables
Sold Oct 08, 2021
$400,000
$367,000 by T2 Financial Llc
Mortgage Due Oct 01, 2051
Sold Mar 17, 2014
$235,000
$240,052 by Bank Of America Na
Mortgage Due Apr 01, 2044
Local assessors in Columbus, OH have categorized 1596 Lorraine Avenue as a residential type of property. The home was built in 1973 and is 51 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 14,248 square feet. The linear feet between the front and back of the lot was measured at 1,900 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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 2 full bathrooms. There are also 3 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 1596 Lorraine Avenue has a total of 1,800 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 - C. 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 a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1596 Lorraine Avenue was last sold in Sep 28, 2021 for $400,000. According to our calculations, that's $222.22 per sqft. Prior to that sales transaction, the property was sold for $235,000 in Mar 14, 2014. Current property owners are expected to pay $4,763 in taxes per year. The property on 1596 Lorraine Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $100,590. To break that down further, the land itself was valued at $29,540. While improvements to the property were assessed at a total of $71,050. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Colonial
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,248
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,800
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: THE GABLES WEST
  • Land Acres: 0.327
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: LORRAINE AV THE GABLES WEST LOT 76

Ownership

  • Current Owner : MCNEAL TOM JOSEPH
  • Current Owner 2: MCNEAL KAY ELLEN
  • Previous Owner : ROBERTS THOMAS J
  • Previous Owner 2: ROBERTS MALLORY A
  • Owner Before Previous Owner: GREENE JASON
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Columbus City School District
  • School Tax School District: COLUMBUS CSD
  • Census Tract: 006396

Geography

  • Assessors Map Reference: 010N232BBB 0640
  • Parcel: 010-157350
  • Lot: 76
  • Municipality: COLUMBUS CITY
  • Latitude: 40.069
  • Longitude: -83.0614

    Address

  • Full Address: 1596 Lorraine Ave
  • Address - House Number: 1596
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Columbus
  • Carrier Code: C020
  • 4-Digit Zip Code: 7365
  • Zip Code: 43235

Valuation

    Tax

  • Total Area: 768
  • Tax Year: 2022
  • Tax Amount: $4,763
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 429,001
  • High Value: 510,595
  • Low Value: 347,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $367,000
  • First Open Lien Mortgage Lender: T2 FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $367,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $287,400
  • Market Land Value: $84,400
  • Market Improvement Value: $203,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,590
  • Assessed Land Value: $29,540
  • Assessed Improvements Value: $71,050

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11860098803
  • Current Sale Price: $400,000
  • Current Sale Document Type: Survivorship Deed
  • Current Sale Input Document Number: 202110080182409
  • Previous Sale Recording Date: Mar 17, 2014
  • Previous Sale Contract Date: Mar 14, 2014
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: T2 FINANCIAL LLC
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $367,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Mar 17, 2014
  • Previous Mortgage Loan Amount: $240,052
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2044

About The Gables



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Frequently Asked Questions

What neighborhood is 1596 Lorraine Avenue located in?
The 1596 Lorraine Avenue is a located in the neighborhood of The Gables in The Gables, Columbus.
What is the average sales price for listings in 1596 Lorraine Avenue?
The average sales price for units in 1596 Lorraine Avenue is $0 currently.

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