NOT LISTED FOR SALE

507 Michigan Ave Unit 513 Mansfield, OH 44905

Estimated Value: $141,506 - $164,000

8 Beds
4 Baths
1,470 Sq Ft
$103/Sq Ft Est. Value

Last Sold June 22, 2020

Last sale price $82,000 $56 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $966/month

17 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • 1-Story Property
  • Window Unit Cooling System
  • Wall to Wall Carpet

About This Home

As of June 2020

507 - 513 Michigan Ave. Attention Investors: Maximize the income of 4 units on one property in Madison. These units have a similar layout and feature off-street parking. Two buildings with interior square feet of 1470 and 1170.

Last Agent to Sell the Property

Mark Howard Leedy

Clearview Realty License #2012001073 Listed on: 05/14/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,421

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Duplex
  • Aluminum Siding
  • Block Exterior
  • Lead Paint Disclosure

Interior Spaces

  • 1-Story Property
  • Wall to Wall Carpet
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Open Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0250920908000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,421

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • Directions: Park Ave to L(N) on Ashland Rd (US 42) to R(S) on Michigan Ave. Property is the third on the right.
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Structure Type: Onsite Built, Duplex S/S
  • Year Built: 1960
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator, Gas Water Heater, Range
  • Has Basement: Crawl Space
  • Total Bedrooms: 8
  • Flooring: Wall/Wall Carpet
  • Interior Amenities: Eat-in Kitchen

Exterior Features

  • Disclosures: Lead Based Paint - Add. 1
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Block

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel, 2 Spaces
  • Total Parking Spaces: 2

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Madison Local School District

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Farm Land Area Units: Square Feet
  • Parcel #: 0250920908000
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1420.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Jun 10, 2020
Sold by
Willmington Savings Fund Society Fsb
Bought by
Simpson & Rode Properties Llc
Seller's Agent
Mark Howard Leedy
Clearview Realty
List Price
$86,500
Sold Price
$82,000
Premium/Discount to List
-$4,500
-5.2%
Current Estimated Value
$151,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,877
Avg. Annual Appreciation
13.39%

Purchase Details

Closed on
Apr 20, 2020
Sold by
507 513 Michigan Avenue Llc
Bought by
Wilmington Savings Fund Society

Purchase Details

Closed on
May 23, 2017
Sold by
Nack G Investments Llc
Bought by
507-513 Michigan Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 18, 2015
Sold by
Brown George A and Brown Donna L
Bought by
Nack G Investments Llc

Purchase Details

Closed on
Feb 3, 1998
Sold by
Buchanan Phillip L
Bought by
Brown George A and Brown Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,400
Interest Rate
7.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Simpson & Rode Properties Llc $82,000 Chicago Title
Wilmington Savings Fund Society $80,700 None Available
507-513 Michigan Ave Llc $90,000 Barrister Title Group
Nack G Investments Llc $70,000 Chicago Title
Brown George A $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson & Rode Properties Llc $98,000
Previous Owner 507-513 Michigan Ave Llc $67,500
Previous Owner Brown George A $57,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $82,000 -5.2% $56 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $86,500 -- $59 / Sq Ft
Source: Mansfield Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,676 $33,850 $3,900 $29,950
2023 $1,677 $33,850 $3,900 $29,950
2022 $1,516 $27,100 $3,510 $23,590
2021 $1,516 $27,100 $3,510 $23,590
2020 $1,490 $27,100 $3,510 $23,590
2019 $2,307 $22,970 $2,980 $19,990
2018 $5,017 $22,970 $2,980 $19,990
2017 $1,301 $22,970 $2,980 $19,990
2016 $1,345 $22,960 $2,830 $20,130
2015 $1,283 $22,960 $2,830 $20,130
2014 $2,056 $22,960 $2,830 $20,130
2012 $994 $22,960 $2,980 $19,980
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Howard Leedy

    Clearview Realty

    24 in this area

    55 Total Sales

    Mark Howard Leedy
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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9047041

Mansfield Association of REALTORS®

APN: 025-09-209-08-000

Ohio Richland County Mansfield 44905

507 Michigan Ave Unit 513, Mansfield, OH

This home is located at 507 Michigan Ave Unit 513, Mansfield, OH 44905 since 14 May 2020 and is currently estimated at $151,877, approximately $103 per square foot. This property was built in 1960. 507 Michigan Ave Unit 513 is a home located in Richland County with nearby schools including Madison High School, Temple-Christian School, and St. Mary Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Mansfield Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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