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7428 Texas Avenue

7428 Texas Avenue, Mentor, OH 44060
Sold Jun 22, 2020
$241,000
$236,634 by American Midwest Mortgage Corp
Mortgage Due Jul 01, 2050
Sold Jan 24, 2020
$102,000
$91,800 by Lendinghome Funding Corp
Mortgage
7428 Texas Avenue has been categorized by the local assessors in Mentor, OH as a residential type of property. The building on the property was first built in 1956 and is 68 years old. However, we must point out that the home was most recently renovated and altered in 1992. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7428 Texas Avenue has 2,062 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 2,200 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 22,002 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. 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. 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 building has a gable style roof made of asphalt. 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 a central heating system and being fueled with gas. 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, 7428 Texas Avenue was last sold in Jun 18, 2020 for $241,000. According to our calculations, that's $116.88 per sqft. Prior to that sales transaction, the property was sold for $102,000 in Jan 22, 2020. Current property owners are expected to pay $3,948 in taxes per year. The property on 7428 Texas Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $82,090. To break that down further, the land itself was valued at $19,300. While improvements to the property were assessed at a total of $62,790. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,002
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,062
  • Gross Building Area: 2,062
  • Building Area: 2,062
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,062
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WESTERN PARK ALLOTMENT NO. 3
  • Land Acres: 0.505
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 5 & 6 TRACT 98

Ownership

  • Current Owner : WELCH CAMERON M
  • Previous Owner : JJ REAL ESTATE SOLUTIONS LLC
  • Owner Before Previous Owner: EB PINACLE PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mentor Exempted Village School District
  • Census Tract: 203000

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 016-073C-00
  • Subdivision Tract Number: 98
  • Parcel: 16-C-073-C-00-006-0
  • Lot: 54
  • Municipality: MENTOR CITY
  • Latitude: 41.6824
  • Longitude: -81.3752

    Address

  • Full Address: 7428 Texas Ave
  • Address - House Number: 7428
  • Address - Street Name: Texas
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Mentor
  • Carrier Code: C005
  • 4-Digit Zip Code: 3904
  • Zip Code: 44060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,948
  • Tax Rate Code Area: 16

    Appraisal Valuation

  • Standard Deviation: 0.2221
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 304,198
  • High Value: 371,782
  • Low Value: 236,614

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $238,650
  • First Open Lien Mortgage Lender: AMERICAN MIDWEST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 22, 2020
  • First Open Lien Mortgage Loan Amount: $236,634
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050
  • Second Open Lien Mortgage Lender: DEPARTMENT OF HOUSING & URBAN
  • Second Open Lien Mortgage Recording Date: Nov 09, 2021
  • Second Open Lien Mortgage Loan Amount: $2,016
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $234,550
  • Market Land Value: $55,150
  • Market Improvement Value: $179,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,090
  • Assessed Land Value: $19,300
  • Assessed Improvements Value: $62,790

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Transaction ID: 11776686966
  • Current Sale Price: $241,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R016407
  • Previous Sale Recording Date: Jan 24, 2020
  • Previous Sale Contract Date: Jan 22, 2020
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN MIDWEST MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 22, 2020
  • First Mortgage Loan Amount: $236,634
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Jan 24, 2020
  • Previous Mortgage Loan Amount: $91,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Western Park



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7428 Texas Avenue located in?
The 7428 Texas Avenue is a house located in the neighborhood of Western Park in Western Park, Mentor.
What is the average sales price for listings in 7428 Texas Avenue?
The average sales price for units in 7428 Texas Avenue is $259,900 , or $126/sqft. currently.

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