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7480 Fern Drive

7480 Fern Drive, Mentor, OH 44060
Property in Fern Gardens
Sold Jun 26, 2009
$69,000
$55,200 by Howard Hanna Mortgage Services
Mortgage Due Jul 01, 2039
Sold Jul 20, 1995
$84,500
$84,202 by Real Estate Mtg Corp
Mortgage Due Aug 01, 2025
7480 Fern Drive in Mentor, OH was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 7480 Fern Drive has 1,384 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. The linear feet across the front of the lot is 540 ft and the linear feet between the front and back of the lot is 1,550. In total, the area measurement of the land is 8,368 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7480 Fern Drive sold most recently in Jun 2, 2009 for a total of $69,000. If you work out the math, that's approximately a cost of $49.86 per sqft. Before that, the property was also sold for $84,500 in Jul 20, 1995. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,757 in taxes each year. 7480 Fern Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,130. If we break it down further, the land itself was valued at $13,610. Improvements to the property, however, were assessed at a total of $34,520. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,368
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,384
  • Gross Building Area: 1,384
  • Building Area: 1,384
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,384
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FERN GARDENS SUBDIVISION NO.1
  • Land Acres: 0.192
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 4 TRACT 16

Ownership

  • Current Owner : BAXLEY JANETS
  • Previous Owner : BENEFICIAL OHIO INC
  • Owner Before Previous Owner: THORN CHARLES W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mentor Exempted Village School District
  • Census Tract: 202400

Zoning

  • Zoning: E

Geography

  • Assessors Map Reference: 019-090M-00
  • Subdivision Tract Number: 16
  • Parcel: 19-A-090-M-00-012-0
  • Lot: 4
  • Municipality: MENTOR-ON-THE-LAKE CITY
  • Latitude: 41.7089
  • Longitude: -81.3728

    Address

  • Full Address: 7480 Fern Dr
  • Address - House Number: 7480
  • Address - Street Name: Fern
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Mentor On The Lake
  • Carrier Code: C032
  • 4-Digit Zip Code: 3233
  • Zip Code: 44060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,757
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.2614
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 176,767
  • High Value: 222,985
  • Low Value: 130,548

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,200
  • First Open Lien Mortgage Lender: HOWARD HANNA MORTGAGE SERVICES
  • First Open Lien Mortgage Recording Date: Jun 26, 2009
  • First Open Lien Mortgage Loan Amount: $55,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2039

    Market Valuation

  • Market Total Value: $137,520
  • Market Land Value: $38,880
  • Market Improvement Value: $98,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,130
  • Assessed Land Value: $13,610
  • Assessed Improvements Value: $34,520

    Sales

  • Current Sale Contract Date: Jun 02, 2009
  • Current Sale Recording Date: Jun 26, 2009
  • Current Sale Transaction ID: 1198929566
  • Current Sale Price: $69,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2009R016731
  • Previous Sale Recording Date: Jul 20, 1995
  • Previous Sale Contract Date: Jul 20, 1995
  • Previous Sale Amount: $84,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOWARD HANNA MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jun 26, 2009
  • First Mortgage Loan Amount: $55,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2039

    Previous Mortgages

  • Previous Mortgage Lender: REAL ESTATE MTG CORP
  • Previous Mortgage Transaction Date: Jul 20, 1995
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $84,202
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2025

About Fern Gardens



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Frequently Asked Questions

What neighborhood is 7480 Fern Drive located in?
The 7480 Fern Drive is a located in the neighborhood of Fern Gardens in Fern Gardens, Mentor.
What is the average sales price for listings in 7480 Fern Drive?
The average sales price for units in 7480 Fern Drive is $0 currently.

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