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211 North Madison Road

211 North Madison Road, London, OH 43140
Property in London
Sold Mar 26, 2013
$1,435,000
$2,040,000 by The Savings Bank
Mortgage Due Aug 05, 2031
Local assessors in London, OH have categorized 211 North Madison Road as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 41,818 square feet. The linear feet between the front and back of the lot was measured at 2,720 ft and the front of the lot was measured at 1,430 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

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 fair. 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, 211 North Madison Road sold most recently in Feb 23, 2013 for a total of $1,435,000. If you work out the math, that's approximately a cost of $915.18 per sqft. 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 $6,391 in taxes each year. 211 North Madison Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $140,740. If we break it down further, the land itself was valued at $25,640. Improvements to the property, however, were assessed at a total of $115,100. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Building Condition: Fair
  • Floor Count: 1
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Lot Size Depth Feet: 2,720
  • Lot Size Frontage Feet: 1,430
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LONDON
  • Land Acres: 0.96
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: .957A 8742

Ownership

  • Current Owner : MADISON VILLA LLC
  • Previous Owner : PHILLIPS THOMAS M
  • Previous Owner 2: PHILLIPS MARSHA S
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: London City School District
  • School Tax School District: LONDON
  • Census Tract: 041100

Geography

  • Assessors Map Reference: 031
  • Parcel: 31-03080.000
  • Municipality: LONDON CORP
  • Latitude: 39.8907
  • Longitude: -83.4578

    Address

  • Full Address: 211 N Madison Rd
  • Address - House Number: 211
  • Street Direction: N
  • Address - Street Name: Madison
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: London
  • Carrier Code: C002
  • 4-Digit Zip Code: 2013
  • Zip Code: 43140

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,391
  • Tax Rate Code Area: 31

    Appraisal Valuation

  • Standard Deviation: 0.4682
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 430,684
  • High Value: 632,355
  • Low Value: 229,012

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,040,000
  • First Open Lien Mortgage Lender: THE SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Aug 03, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,040,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 05, 2031

    Market Valuation

  • Market Total Value: $402,140
  • Market Land Value: $73,270
  • Market Improvement Value: $328,870

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $140,740
  • Assessed Land Value: $25,640
  • Assessed Improvements Value: $115,100

    Sales

  • Current Sale Contract Date: Feb 23, 2013
  • Current Sale Recording Date: Mar 26, 2013
  • Current Sale Transaction ID: 11462236011
  • Current Sale Price: $1,435,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201300001647

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS CITIZENS BANK
  • First Mortgage Transaction Date: Mar 26, 2013
  • First Mortgage Loan Amount: $1,280,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2023

About London



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Frequently Asked Questions

What neighborhood is 211 North Madison Road located in?
The 211 North Madison Road is a located in the neighborhood of London in London, London.
What is the average sales price for listings in 211 North Madison Road?
The average sales price for units in 211 North Madison Road is $0 currently.

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