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224 Gay Street

224 Gay Street, Newark, OH 43055
Property in Newark
Sold May 17, 2018
$73,000
$71,677 by Mycumortgage Llc
Mortgage Due Jun 01, 2048
Sold Mar 24, 2016
$48,180
Buyer
Seller
Local assessors in Newark, OH have categorized 224 Gay Street as a residential type of property. The home was built in 1914 and is 110 years old. It was most recently renovated and altered in 1955. The property's lot size has been calculated to be 5,663 square feet. The linear feet between the front and back of the lot was measured at 1,520 ft and the front of the lot was measured at 380 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 224 Gay Street has a total of 1,020 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. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a roof that is made of asphalt. Lots of alum/vinyl siding 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 a central heating system is the primary heating source. 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, 224 Gay Street was last sold in May 15, 2018 for $73,000. According to our calculations, that's $71.57 per sqft. Prior to that sales transaction, the property was sold for $48,180 in Mar 21, 2016. Current property owners are expected to pay $1,431 in taxes per year. The property on 224 Gay Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $25,550. To break that down further, the land itself was valued at $5,250. While improvements to the property were assessed at a total of $20,300. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1914
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 474
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,020
  • Gross Building Area: 1,494
  • Building Area: 1,020
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,020
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: A J DEAN S ADDITION
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: OUTLOT 2 PT A J DEAN'S ADD

Ownership

  • Current Owner : BOLTON THOMAS E
  • Previous Owner : SCHAAF AMBER
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Newark City School District
  • School Tax School District: NEWARK CSD
  • School Tax District Code 2: NEWARK
  • Census Tract: 752200

Geography

  • Parcel: 054-187380-00.000
  • Lot: 2
  • Municipality: NEWARK
  • Latitude: 40.0651
  • Longitude: -82.3869

    Address

  • Full Address: 224 Gay St
  • Address - House Number: 224
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: OH
  • City Name: Newark
  • Carrier Code: C004
  • 4-Digit Zip Code: 6324
  • Zip Code: 43055

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,431
  • Tax Rate Code Area: 054

    Appraisal Valuation

  • Standard Deviation: 0.2552
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 63
  • Final Value: 125,494
  • High Value: 157,521
  • Low Value: 93,467

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $73,189
  • First Open Lien Mortgage Lender: MYCUMORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 17, 2018
  • First Open Lien Mortgage Loan Amount: $71,677
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2048
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Jun 16, 2022
  • Second Open Lien Mortgage Loan Amount: $1,512
  • Second Open Lien Mortgage Term: 311
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2048

    Market Valuation

  • Market Total Value: $73,000
  • Market Land Value: $15,000
  • Market Improvement Value: $58,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,550
  • Assessed Land Value: $5,250
  • Assessed Improvements Value: $20,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 15, 2018
  • Current Sale Recording Date: May 17, 2018
  • Current Sale Transaction ID: 11465644629
  • Current Sale Price: $73,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201805170009950
  • Previous Sale Recording Date: Mar 24, 2016
  • Previous Sale Contract Date: Mar 21, 2016
  • Previous Sale Amount: $48,180
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MYCUMORTGAGE LLC
  • First Mortgage Transaction Date: May 17, 2018
  • First Mortgage Loan Amount: $71,677
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2048

About Newark



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Frequently Asked Questions

What neighborhood is 224 Gay Street located in?
The 224 Gay Street is a located in the neighborhood of Newark in Newark, Newark.
What is the average sales price for listings in 224 Gay Street?
The average sales price for units in 224 Gay Street is $0 currently.

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