502 Walnut Avenue

502 Walnut Avenue has been categorized by the local assessors in Lakeside Marblehead, OH as a residential type of property. The building on the property was first built in 1920 and is 104 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 502 Walnut Avenue has 862 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 330 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 1,320 square feet.

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 a patio. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of D+ by the local assessor. The exterior walls of the building are made of wood. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no heating system and being fueled with nothing. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Mar 24, 2021 for $122,500. That's $142.11 per sqft. Prior to that sales transaction, the property was also sold in May 9, 2017 for $176,500. 502 Walnut Avenue was last assessed in 2022. The total value of the property was assessed at $87,480. Specifically, the land the property is located on was valued at $22,873. While improvements on the property were assessed at a total of $64,607. 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 $3,006. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.