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4559 Sackett Avenue

4559 Sackett Avenue, Cleveland, OH 44109
Property in Clark - Fulton
Sold Jun 06, 2023
$1,250,000
$125,250 by Vontive Inc
Mortgage Due Apr 01, 2054
Sold Mar 12, 2021
$3,241,000
$8,000,000 by Colony American Finance Lender
Mortgage
4559 Sackett Avenue in Cleveland, OH was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 1942. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 4559 Sackett Avenue has 900 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 3,600 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The property is connected to a storm sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed in this manner. For those who need parking, there is a no garage. The garage is 540 sqft. There are a total of 3 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as poor. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 4559 Sackett Avenue sold most recently in May 17, 2023 for a total of $1,250,000. If you work out the math, that's approximately a cost of $754.83 per sqft. Before that, the property was also sold for $3,241,000 in Feb 25, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $602 in taxes each year. The initial year of tax delinquency occurred in 2021. 4559 Sackett Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $7,805. If we break it down further, the land itself was valued at $2,555. Improvements to the property, however, were assessed at a total of $5,250. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1900
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Poor
  • Building Quality: C
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 756
  • Garage Type: None
  • Garage Square Area: 540
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 3,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,656
  • Gross Building Area: 1,656
  • Building Area: 900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 900
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CORNELL OSHEES ET AL
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 47 CDS&B 0007 ALL

Ownership

  • Current Owner : TFNK LLC
  • Previous Owner : HAMMOCK INVESTMENTS LLC
  • Previous Owner 2: ARROW CAPITAL GROUP LLC
  • Owner Before Previous Owner: LGLG LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 30, 2024

Neighborhood

  • School District Name: Cleveland Municipal School District
  • School Tax School District: CLEVELAND MSD
  • Census Tract: 102800

Zoning

  • Zoning: 2F

Geography

  • Assessors Map Reference: 016-12
  • Parcel: 016-12-129
  • Lot: 7
  • Municipality: CLEVELAND
  • Latitude: 41.463
  • Longitude: -81.7176

    Address

  • Full Address: 4559 Sackett Ave
  • Address - House Number: 4559
  • Address - Street Name: Sackett
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Cleveland
  • Carrier Code: C019
  • 4-Digit Zip Code: 1049
  • Zip Code: 44109

Valuation

    Tax

  • Total Area: 900
  • Tax Year: 2022
  • Tax Amount: $602
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: CLEVELAND

    Appraisal Valuation

  • Standard Deviation: 0.2705
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 61
  • Final Value: 62,057
  • High Value: 78,849
  • Low Value: 45,265

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $125,250
  • First Open Lien Mortgage Lender: VONTIVE INC
  • First Open Lien Mortgage Recording Date: Mar 11, 2024
  • First Open Lien Mortgage Loan Amount: $125,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $22,300
  • Market Land Value: $7,300
  • Market Improvement Value: $15,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,805
  • Assessed Land Value: $2,555
  • Assessed Improvements Value: $5,250

    Sales

  • Current Sale Contract Date: May 17, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Transaction ID: 11910189819
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 188
  • Previous Sale Recording Date: Mar 12, 2021
  • Previous Sale Contract Date: Feb 25, 2021
  • Previous Sale Amount: $3,241,000
  • Previous Sale Document Type: Limited Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: COLONY AMERICAN FINANCE LENDER
  • Previous Mortgage Transaction Date: Mar 12, 2021
  • Previous Mortgage Loan Amount: $8,000,000
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 4559 Sackett Avenue located in?
The 4559 Sackett Avenue is a located in the neighborhood of Clark - Fulton in Clark - Fulton, Cleveland.
What is the average sales price for listings in 4559 Sackett Avenue?
The average sales price for units in 4559 Sackett Avenue is $0 currently.

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