Seller's Agent in 2024
Ben Drenik
Keller Williams Greater Cleveland Northeast
(440) 417-2815
35 in this area
123 Total Sales
175 E Main St Madison, OH 44057
Estimated Value: $197,000 - $218,000
6
Beds
3
Baths
1,948
Sq Ft
$106/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 3.25 Acre Lot
- Community Playground
- Medical Services
- Window Unit Cooling System
- Park
About This Home
As of January 2024Don't miss this three-unit investment opportunity in Madison Village. Build revenue and net worth in real estate. Long-term tenants, with potential for increases. Ongoing mechanical maintenance and updates. The property has been profitable for the long-term owners. ALSO, First-time homebuyers!! - Here is an opportunity to invest and build equity quickly. 4/5 parking spaces and a large backyard, adjacent a creek. Beyond the creek, even more wooded land and nature space comes with this property. Over 3 acres total in the Village! Close to amenities and convenient to highway. Walking distance to restaurants, parks, school, the Square and social events in the village. Bring your improvement mindset and make this gem even better. Amazing location!
Last Agent to Sell the Property
Keller Williams Greater Cleveland Northeast Brokerage Phone: (440) 417-2815 License #2016003710 Listed on: 11/25/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,560
Year Built
- Built in 1915
Lot Details
- 3.25 Acre Lot
- South Facing Home
Parking
- Unpaved Parking
Home Design
- Fiberglass Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,948 Sq Ft Home
- 2-Story Property
- Laundry in unit
- Finished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, heat
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 02-A-006-D-00-003-0
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Common Area
Recreation
- Golf Course Community
- Community Playground
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 25, 2023
Closed on
Dec 29, 2023
Sold by
Brunner Paul R and Brunner Pamela P
Bought by
Fike Richard A
Seller's Agent
Ben Drenik
Keller Williams Greater Cleveland Northeast
Buyer's Agent
Michael Warren
Howard Hanna
List Price
$169,900
Sold Price
$175,000
Premium/Discount to List
$5,100
3%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,632
Avg. Annual Appreciation
8.62%
Original Mortgage
$131,250
Outstanding Balance
$129,660
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$71,916
Purchase Details
Closed on
Mar 11, 1994
Bought by
Brunner Paul R
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fike Richard A | $175,000 | Title Professionals Group | |
| Brunner Paul R | $49,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fike Richard A | $131,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2024 01/03/24 | Sold | $175,000 | +3.0% | $90 / Sq Ft |
| 12/05/2023 12/05/23 | Pending | -- | -- | -- |
| 11/25/2023 11/25/23 | For Sale | $169,900 | -- | $87 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,682 | $60,660 | $19,080 | $41,580 |
| 2023 | $1,682 | $51,990 | $15,540 | $36,450 |
| 2022 | $2,559 | $42,870 | $12,490 | $30,380 |
| 2021 | $2,566 | $42,870 | $12,490 | $30,380 |
| 2020 | $2,881 | $42,870 | $12,490 | $30,380 |
| 2019 | $2,889 | $42,870 | $12,490 | $30,380 |
| 2018 | $2,903 | $39,700 | $14,180 | $25,520 |
| 2017 | $2,744 | $39,700 | $14,180 | $25,520 |
| 2016 | $2,538 | $39,700 | $14,180 | $25,520 |
| 2015 | $2,287 | $39,700 | $14,180 | $25,520 |
| 2014 | $2,343 | $39,700 | $14,180 | $25,520 |
| 2013 | $2,197 | $39,700 | $14,180 | $25,520 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Drenik
-
Michael Warren
Buyer's Agent in 2024
Michael Warren
Howard Hanna
(440) 667-7046
147 in this area
265 Total Sales
-
Max Ungers
Buyer Co-Listing Agent in 2024
Max Ungers
Howard Hanna
(440) 413-7016
29 in this area
46 Total Sales
Map
Source: MLS Now
MLS Number: 4506172
APN: 02-A-006-D-00-003
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