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314 Essex Road

314 Essex Road, Vermilion, OH 44089
Property in Brownhelm
Sold Jun 23, 2014
$57,000
$58,200 by First Federal Bank Of Ohio
Mortgage Due Oct 01, 2050
Sold Aug 18, 2005
$47,944
$53,100 by First Fsla Of Lorain
Mortgage Due Sep 01, 2030
314 Essex Road 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 1940 and is 84 years old. However, we must point out that the home was most recently renovated and altered in 1960. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 314 Essex Road has 1,328 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 970 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 3,049 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and 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 exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with gas. Finally, the property is currently sourcing its water from a water system. 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, 314 Essex Road sold most recently in Jun 18, 2014 for a total of $57,000. If you work out the math, that's approximately a cost of $42.92 per sqft. Before that, the property was also sold for $47,944 in Aug 17, 2005. 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 $1,365 in taxes each year. 314 Essex Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $24,217. If we break it down further, the land itself was valued at $4,529. Improvements to the property, however, were assessed at a total of $19,688. 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 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. 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.

Building Features

Exterior

Vinyl Siding

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,328
  • Gross Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 1,328
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VER ON LAKE 1
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: VER ON LAKE 1 35 X 97

Ownership

  • Current Owner : PATTERSON MEGAN N
  • Previous Owner : BEDNARSKI JAMES R
  • Owner Before Previous Owner: DEAN JAMES R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Vermilion Local School District
  • Census Tract: 030101

Geography

  • Assessors Map Reference: 1601002B 19400
  • Parcel: 01-00-002-108-058
  • Block: 108
  • Lot: 1249
  • Municipality: BROWNHELM TWP/VERMILION CTY/VE
  • Latitude: 41.4275
  • Longitude: -82.3268

    Address

  • Full Address: 314 Essex Rd
  • Address - House Number: 314
  • Address - Street Name: Essex
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Vermilion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2236
  • Zip Code: 44089

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,365
  • Tax Rate Code Area: 16

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 60
  • Final Value: 125,550
  • High Value: 160,363
  • Low Value: 90,738

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $58,200
  • First Open Lien Mortgage Lender: FIRST FEDERAL BANK OF OHIO
  • First Open Lien Mortgage Recording Date: Sep 14, 2020
  • First Open Lien Mortgage Loan Amount: $58,200
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $69,190
  • Market Land Value: $12,940
  • Market Improvement Value: $56,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,217
  • Assessed Land Value: $4,529
  • Assessed Improvements Value: $19,688

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 18, 2014
  • Current Sale Recording Date: Jun 23, 2014
  • Current Sale Transaction ID: 11441103401
  • Current Sale Price: $57,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014-0508999
  • Previous Sale Recording Date: Aug 18, 2005
  • Previous Sale Contract Date: Aug 17, 2005
  • Previous Sale Amount: $47,944
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOWARD HANNA MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jun 23, 2014
  • First Mortgage Loan Amount: $53,067
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FSLA OF LORAIN
  • Previous Mortgage Transaction Date: Aug 18, 2005
  • Previous Mortgage Loan Amount: $53,100
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2030

About Vermilion



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Frequently Asked Questions

What neighborhood is 314 Essex Road located in?
The 314 Essex Road is a other located in the neighborhood of Brownhelm in Vermilion, Vermilion.
What is the average sales price for listings in 314 Essex Road?
The average sales price for units in 314 Essex Road is $60,000 , or $45/sqft. currently.

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