See Home Value
Mount Vernon 43050
602 N Gay Street
$338,000 - $412,000
House - Off Market

602 N Gay Street

Mount Vernon, OH 43050
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2826 Sqft
Sold Mar 05, 2024
$380,000
$361,000 by United Wholesale Mortgage Llc
Mortgage Due Mar 01, 2054
Sold Oct 08, 2020
$225,000
$197,000 by Mechanics Bank
Mortgage Due Nov 01, 2042

About This Property

Back on Mkt- opportunity to own a home that potentially pays for itself. What makes this historic home stand out is the detached carriage house, currently operating as an Airbnb and generating an income of over $30,000 last year alone. This amount is substantial enough to cover the average monthly house payment. The main residence has 2 bedrooms - possibility for a 3rd in a walkthrough sleeping room and 2 full baths. It features a spacious living area, a well-appointed kitchen, and a dining area perfect for gathering. The meticulously maintained, fenced-in gardens create a serene atmosphere and ensure both privacy and security for the residents. The carriage house is fully furnished and stocked for a turnkey opportunity, making it an attractive option for those looking for immediate incom

The manager has listed the unit size as 2826 square feet.
Unit Size
2,826Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$133
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1895

Price History

Date / Event Date Event Price
Mar 1, 2024 No longer available -
No longer available
Feb 9, 2024 In contract -
In contract
Jan 30, 2024 Relisted $375,000
Relisted
Nov 7, 2023 In contract -
In contract
Oct 25, 2023 Price Decreased $375,000
↓ $20K (5.1%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1995
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,015
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,452
  • Building Area: 1,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Gas
  • Heated Square Feet: 1,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: CURTIS 73 & ADJ VAC ALLEY 0.202A

Ownership

  • Current Owner : BASINGER ADAM LEE
  • Current Owner 2: BASINGER HANNAH
  • Previous Owner : EVANS GREG
  • Previous Owner 2: EVANS LYNN
  • Owner Before Previous Owner: TRACY THERESA
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Mount Vernon City School District
  • School Tax School District: MT VERNON CSD
  • Census Tract: 007200

Geography

  • District: 66
  • Parcel: 66-05736.000
  • Municipality: MOUNT VERNON CORP
  • Latitude: 40.3994
  • Longitude: -82.4833

    Address

  • Full Address: 602 N Gay St
  • Address - House Number: 602
  • Street Direction: N
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: OH
  • City Name: Mount Vernon
  • Carrier Code: C005
  • 4-Digit Zip Code: 1710
  • Zip Code: 43050

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,758

    Appraisal Valuation

  • Standard Deviation: 0.0952
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 372,293
  • High Value: 407,764
  • Low Value: 336,821

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $361,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 05, 2024
  • First Open Lien Mortgage Loan Amount: $361,000
  • 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: Mar 01, 2054

    Market Valuation

  • Market Total Value: $198,030
  • Market Land Value: $15,040
  • Market Improvement Value: $182,990

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,310
  • Assessed Land Value: $5,260
  • Assessed Improvements Value: $64,050

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 05, 2024
  • Current Sale Transaction ID: 11921839284
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1383
  • Previous Sale Recording Date: Oct 08, 2020
  • Previous Sale Contract Date: Oct 06, 2020
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 05, 2024
  • First Mortgage Loan Amount: $361,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Mar 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: MECHANICS BANK
  • Previous Mortgage Transaction Date: Oct 08, 2020
  • Previous Mortgage Loan Amount: $197,000
  • Previous Mortgage Term: 264
  • Previous Mortgage Loan Type: Balloon
  • Previous Mortgage Loan Due Date: Nov 01, 2042



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mount Vernon


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Frequently Asked Questions

When was property at 602 North Gay Street built and last sold?
The property at 602 North Gay Street was built in 1895 and last sold on Feb 29, 2024 for $380,000.
How much is this home worth?
The estimated value of the home located at 602 North Gay Street is $396,117.
What are some comparable homes to 602 North Gay Street?
There are currently no comparable homes to 602 North Gay Street.

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