$185,000
SOLD APR 2, 2025

41 SW Madison Mansfield, OH 44905

10 Beds
8 Baths
-- Sq Ft
52,708 Sq Ft Lot

Recently Sold

31% Below List Price

65 Days on Market

Highlights

  • 1.21 Acre Lot
  • Central Air
  • Wall to Wall Carpet
  • Living Room
  • Hot Water Heating System

About This Home

As of April 2025

Handy man special! Currently 5 units are vacant. 6 units are rented collecting $3185 per month. Owner pays trash, water, sewer, lawn and snow. Property includes a house. 2 brick buildings and a trailer on the property. Property appraisal and inspection report available upon request.

Last Agent to Sell the Property

Christina Mawhorr

Dream Huge Realty Brokerage Phone: 4195288260 License #2020004471 Listed on: 11/20/2024

Last Buyer's Agent

John Pavlansky

Dream Huge Realty License #2022000938

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,635

Year Built

  • Built in 1949

Lot Details

  • 1.21 Acre Lot

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Living Room
  • Wall to Wall Carpet
  • Partial Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 1 Parking Space
  • Open Parking

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0289010303000

Community Details

Overview

  • Property has a Home Owners Association
  • 11 Units

Building Details

  • Insurance Expense $3,007
  • Maintenance Expense $12,000
  • Trash Expense $1,735
  • Water Sewer Expense $5,062
  • Net Operating Income $38,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,635

Year Built

Built in 1949

Lot Details

1.21 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.21
  • Directions: Illinoise to St Rt 430. Turn left and follow to Madison Rd. Turn right on Madison and the apartment complex is on the left hand side.
  • Architectural Style: Apartment
  • Carport Y N: No
  • Garage Yn: No
  • Structure Type: House, Other, Apartment 9+
  • Year Built: 1949
  • Attribution Contact: 4195288260
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Water Heater
  • Has Basement: Partial
  • Total Bedrooms: 10
  • Flooring: Wall/Wall Carpet
  • Interior Amenities: Living Room

Exterior Features

  • Disclosures: Lead Based Paint - Add. 2, Property Disclosure
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Brick
  • Other Structures: Garden Shed

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel, 1 Space
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air, None
  • Cooling Y N: Yes
  • Heating: Hot Water/Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Other - See Remarks
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 2676
  • Trash Expense: 1734.84
  • Annual Water Sewer Expense: 5061.72

Schools

  • Junior High Dist: Madison Local School District

Lot Info

  • Lot Size Sq Ft: 52707.6
  • Farm Land Area Units: Square Feet
  • Parcel #: 0289010303000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 3625.08
  • Insurance Expense: 3006.66
  • Maintenance Expense: 12000
  • Property Net Operating Income: 38220
  • Vacancy Allowance Rate: 55

Tax Info

  • Tax Annual Amount: 3635.02
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2025 04/02/25 Sold $185,000 -7.5% --
01/24/2025 01/24/25 Pending -- -- --
01/10/2025 01/10/25 Price Changed $200,000 -23.1% --
12/04/2024 12/04/24 Price Changed $260,000 -3.7% --
11/20/2024 11/20/24 For Sale $270,000 -- --
Source: Mansfield Association of REALTORS®

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 $4,256 $54,320 $2,100 $52,220
2023 $4,255 $54,320 $2,100 $52,220
2022 $3,635 $45,930 $2,100 $43,830
2021 $3,624 $45,930 $2,100 $43,830
2020 $3,643 $45,930 $2,100 $43,830
2019 $3,661 $45,930 $2,100 $43,830
2018 $3,670 $45,930 $2,100 $43,830
2017 $3,692 $49,080 $2,100 $46,980
2016 $3,520 $45,500 $2,100 $43,400
2015 $4,383 $57,390 $10,500 $46,890
2014 $4,379 $57,390 $10,500 $46,890
2012 $4,174 $57,390 $10,500 $46,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9065574

Mansfield Association of REALTORS®
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