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461 Madison Street

461 Madison Street, Ravenna, OH 44266
Property in Ravenna
Sold Apr 12, 2018
$128,000
$124,160 by Quicken Loans Inc
Mortgage
Sold Jan 01, 1990
Transfer
461 Madison Street has been categorized by the local assessors in Ravenna, OH as a residential type of property. The building on the property was first built in 1924 and is 100 years old. However, we must point out that the home was most recently renovated and altered in 1999. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 461 Madison Street has 1,232 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 696 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,800 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 10,799 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. 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 good. 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 central air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with oil. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 461 Madison Street sold most recently in Apr 12, 2018 for a total of $128,000. If you work out the math, that's approximately a cost of $66.39 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 $2,013 in taxes each year. 461 Madison Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $45,230. If we break it down further, the land itself was valued at $6,830. Improvements to the property, however, were assessed at a total of $38,400. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1924
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 696
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,799
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,928
  • Gross Building Area: 2,104
  • Building Area: 1,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 1,232
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HS&D
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: HS&D LOT 43-44-45 60 X 180

Ownership

  • Current Owner : LANZWER DONIVAN
  • Previous Owner : DAYTON JACK E
  • Previous Owner 2: DAYTON LINDA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ravenna City School District
  • School Tax School District: RAVENNA
  • Census Tract: 600902

Geography

  • District: 31
  • Parcel: 31-305-10-00-166-000
  • Lot: 43-44
  • Municipality: RAVENNA CITY
  • Latitude: 41.1531
  • Longitude: -81.2566

    Address

  • Full Address: 461 Madison St
  • Address - House Number: 461
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: OH
  • City Name: Ravenna
  • Carrier Code: C004
  • 4-Digit Zip Code: 2621
  • Zip Code: 44266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,013
  • Tax Rate Code Area: 31 6706

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 188,300
  • High Value: 232,324
  • Low Value: 144,275

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $124,160
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Apr 12, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $124,160
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $129,200
  • Market Land Value: $19,500
  • Market Improvement Value: $109,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,230
  • Assessed Land Value: $6,830
  • Assessed Improvements Value: $38,400

    Sales

  • Current Sale Contract Date: Apr 12, 2018
  • Current Sale Recording Date: Apr 12, 2018
  • Current Sale Transaction ID: 11448765182
  • Current Sale Price: $128,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201805695
  • Previous Sale Recording Date: Jan 01, 1990
  • Previous Sale Contract Date: Jan 01, 1990
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Apr 12, 2018
  • First Mortgage Loan Amount: $124,160
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Ravenna



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Frequently Asked Questions

What neighborhood is 461 Madison Street located in?
The 461 Madison Street is a located in the neighborhood of Ravenna in Ravenna, Ravenna.
What is the average sales price for listings in 461 Madison Street?
The average sales price for units in 461 Madison Street is $0 currently.

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