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706 West Gramercy Avenue

706 West Gramercy Avenue, Toledo, OH 43612
Sold Aug 15, 2023
$2,255,000
$850,000 by Sugarplum Tree Llc
Mortgage
Sold May 23, 2019
$1,242,000
$931,500 by Us Bank Na
Mortgage
706 West Gramercy Avenue has been categorized by the local assessors in Toledo, OH as a residential type of property. The building on the property was first built in 1947 and is 77 years old. The home has a total of 6 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, 706 West Gramercy Avenue has 966 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 1,360 ft and across the front of the lot is 370 ft. The area measurement of the land has been determined as 5,000 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 273 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 706 West Gramercy Avenue was last sold in Aug 3, 2023 for $2,255,000. According to our calculations, that's $1,556.25 per sqft. Prior to that sales transaction, the property was sold for $1,242,000 in May 20, 2019. Current property owners are expected to pay $1,059 in taxes per year. The property on 706 West Gramercy Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $15,540. To break that down further, the land itself was valued at $3,255. While improvements to the property were assessed at a total of $12,285. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 483
  • Garage Type: Detached
  • Garage Square Area: 273
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,449
  • Gross Building Area: 1,449
  • Building Area: 966
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 966
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: THE ALFRED BAILEY ADD
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: THE ALFRED BAILEY ADD LOT 110

Ownership

  • Current Owner : MCKINLEY HEATH EDWARD
  • Current Owner 2: MCKINLEY PAUL RICH
  • Previous Owner : TOLEDO SFR RENTALS LLC
  • Owner Before Previous Owner: TOLEDO LEASE PURCHASE LLC
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Toledo City School District
  • Census Tract: 000400

Zoning

  • Zoning: 10-RS6

Geography

  • Assessors Map Reference: 02325014
  • Subdivision Tract Number: 4
  • Parcel: 02-33351
  • Lot: 110
  • Municipality: TOLEDO CITY
  • Latitude: 41.7042
  • Longitude: -83.5609

    Address

  • Full Address: 706 W Gramercy Ave
  • Address - House Number: 706
  • Street Direction: W
  • Address - Street Name: Gramercy
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Toledo
  • Carrier Code: C031
  • 4-Digit Zip Code: 2418
  • Zip Code: 43612

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,059
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.2698
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 85,286
  • High Value: 108,296
  • Low Value: 62,275

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $850,000
  • First Open Lien Mortgage Lender: SUGARPLUM TREE LLC
  • First Open Lien Mortgage Recording Date: Aug 15, 2023
  • First Open Lien Mortgage Loan Amount: $850,000
  • 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: $44,400
  • Market Land Value: $9,300
  • Market Improvement Value: $35,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,540
  • Assessed Land Value: $3,255
  • Assessed Improvements Value: $12,285

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Transaction ID: 11911529134
  • Current Sale Price: $2,255,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 26286
  • Previous Sale Recording Date: May 23, 2019
  • Previous Sale Contract Date: May 20, 2019
  • Previous Sale Amount: $1,242,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUGARPLUM TREE LLC
  • First Mortgage Transaction Date: Aug 15, 2023
  • First Mortgage Loan Amount: $850,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: May 23, 2019
  • Previous Mortgage Loan Amount: $931,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Five Points - Library Village



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Frequently Asked Questions

What neighborhood is 706 West Gramercy Avenue located in?
The 706 West Gramercy Avenue is a located in the neighborhood of Five Points - Library Village in Five Points - Library Village, Toledo.
What is the average sales price for listings in 706 West Gramercy Avenue?
The average sales price for units in 706 West Gramercy Avenue is $0 currently.

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