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502 Smith Street

502 Smith Street, Marion, OH 43302
Property in Marion
Sold Dec 20, 2021
$112,500
$109,125 by Union Home Mortgage Corp
Mortgage Due Jan 01, 2052
Sold Feb 17, 2021
$35,000
502 Smith Street in Marion, OH was first built in 1934 and is 90 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 502 Smith Street has 1,056 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. In total, the area measurement of the land is 7,782 square feet.

Learn more about the property and building on this page. The roof of the home is made of shingle (not wood). For those who need parking, there is a detached garage. The garage is 616 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as fair. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. The property was last sold in Dec 17, 2021 for $112,500. That's $106.53 per sqft. Prior to that sales transaction, the property was also sold in Feb 1, 2021 for $35,000. 502 Smith Street was last assessed in 2022. The total value of the property was assessed at $20,000. Specifically, the land the property is located on was valued at $3,120. While improvements on the property were assessed at a total of $16,880. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $750. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Fair
  • Construction Type: Frame
  • Interior Walls Type: Plaster
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 616
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,782
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,056
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARION OSGOOD ADDITION
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MARION OSGOOD LOT 8868 & PT VAC ALLEY PG 3-38 230 38.02 90.00

Ownership

  • Current Owner : SMITH FELICIA M
  • Previous Owner : CEMY MICHAEL B
  • Previous Owner 2: CEMY VICKIE R
  • Owner Before Previous Owner: COMMUNITY LOAN SERVICING LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Marion City School District
  • School Tax School District: MARION TWP
  • School Tax District Code 2: MARION-MARION
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 12-338020.9000
  • Lot: 8868
  • Municipality: MARION TWP
  • Latitude: 40.5674
  • Longitude: -83.1401

    Address

  • Full Address: 502 Smith St
  • Address - House Number: 502
  • Address - Street Name: Smith
  • Address - Suffix Type: St
  • State: OH
  • City Name: Marion
  • Carrier Code: C006
  • 4-Digit Zip Code: 7237
  • Zip Code: 43302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $750
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 49
  • Final Value: 108,178
  • High Value: 145,192
  • Low Value: 71,165

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $109,125
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 20, 2021
  • First Open Lien Mortgage Loan Amount: $109,125
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $57,140
  • Market Land Value: $8,910
  • Market Improvement Value: $48,230

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,000
  • Assessed Land Value: $3,120
  • Assessed Improvements Value: $16,880

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Transaction ID: 11875891644
  • Current Sale Price: $112,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-10163
  • Previous Sale Recording Date: Feb 17, 2021
  • Previous Sale Contract Date: Feb 01, 2021
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 20, 2021
  • First Mortgage Loan Amount: $109,125
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

About Marion



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Frequently Asked Questions

What neighborhood is 502 Smith Street located in?
The 502 Smith Street is a located in the neighborhood of Marion in Marion, Marion.
What is the average sales price for listings in 502 Smith Street?
The average sales price for units in 502 Smith Street is $0 currently.

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