NOT LISTED FOR SALE

5160 River Rd Madison, OH 44057

Estimated Value: $410,170

3 Beds
2 Baths
1,721 Sq Ft
$238/Sq Ft Est. Value

Last Sold September 23, 2019

Last sale price $255,711 $149 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,540/month

45 Days on Market

Highlights

  • Water Views
  • Arena
  • 23.45 Acre Lot
  • Horse Property
  • Fishing Allowed
  • Colonial Architecture

About This Home

As of September 2019

Don’t miss this potential INCOME PRODUCING PROPERTY on over 23 rolling acres adjacent to the Grand River!! If you have a love for horses, land and water views this one is for you! There is much potential here with boarding and even renting out the front home with enough space to build your dream home in the back of the property. The income potential may just pay the mortgage of your dream home! The 3 bedroom 2 full bath home on the property will take some renovating to bring it back to life but has great bones to work with and is ready for your vision. There is also a gas well on the property that fuels the current home with the rights that transfer to the next owner. Public water to the home and barn are on separate meters. The 38-stall horse barn with indoor arena is 110' x 200', possesses both front and rear bay entries. The barn also has an 18' x 36' additional tack/ observation room, enabling considerable equipment storage. Arena is 55' x 200’. No RITA Tax in the Township as just another bonus! The property will need a new septic and is being sold AS-IS. Schedule your private showing to see this great opportunity first hand!

Last Agent to Sell the Property

Shelly Chavez

HomeSmart Real Estate Momentum LLC License #2016002421 Listed on: 07/02/2019

HomeSmart Real Estate Momentum LLC

Last Buyer's Agent

Brandy Orris

Deleted Agent License #2016001873

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,994

Year Built

  • Built in 1900

Lot Details

  • 23.45 Acre Lot
  • North Facing Home
  • Wood Fence
  • Unpaved Streets
  • Wooded Lot
  • Oil and Gas Wells

Property Views

  • Water
  • Woods

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,721 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Pond
  • Horse Property
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Septic Tank

Additional Features

  • Livestock Allowed
  • Arena

Listing and Financial Details

  • Assessor Parcel Number 03-A-079-0-00-003-0

Community Details

Overview

  • Perry Township Community

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,994

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: North
  • Price Per Square Foot: 148.58
  • Estimated Price per Sq Ft: 148.58
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1721
  • Year Built: 1900
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Basement Detail: Unfinished, Walk-Out
  • Sq Ft Approx Above Grade Finished: 1721.00
  • Sq Ft Approx Total Finished: 1721.00

Exterior Features

  • View: Water View, Wooded
  • Exterior: Vinyl
  • Exterior Features: Barn/Stable, Porch, Storage Shed/Out Bld
  • Fences: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Septic

Condo/Co-op/Association

  • Subdivision Complex: Perry Township

Schools

  • School District: Perry LSD

Lot Info

  • Lot Description: Horse Property, Lake-Stocked, Livestock Permitted, Oil/Gas Well, Outdoor Arena, Pond, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 23.4520
  • Parcel Number: 03-A-079-0-00-003-0

Tax Info

  • Tax: 2994

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Sep 20, 2019
Sold by
Marino James Gary and Marino Karen J
Bought by
Decola Michael A and Decola Karen L
Seller's Agent
Shelly Chavez
HomeSmart Real Estate Momentum LLC
Buyer's Agent
Brandy Orris
Deleted Agent
List Price
$265,711
Sold Price
$255,711
Premium/Discount to List
-$10,000
-3.76%
Current Estimated Value
$410,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,459
Avg. Annual Appreciation
7.66%
Original Mortgage
$207,825
Outstanding Balance
$180,839
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$229,331

Purchase Details

Closed on
Mar 8, 2019
Sold by
Estate Of James G Marino
Bought by
Marino Karen

Purchase Details

Closed on
Aug 12, 1968
Bought by
Marino James Gary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Decola Michael A $255,800 Ohio Real Title
Marino Karen -- None Available
Marino James Gary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decola Michael A $207,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2019 09/23/19 Sold $255,711 -3.8% $149 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $265,711 -- $154 / Sq Ft
Source: MLS Now

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
2025 -- $142,750 $65,540 $77,210
2024 -- $142,750 $65,540 $77,210
2023 $6,582 $117,250 $57,410 $59,840
2022 $3,577 $117,250 $57,410 $59,840
2021 $3,356 $117,250 $57,410 $59,840
2020 $3,181 $97,710 $47,840 $49,870
2019 $3,648 $97,710 $47,840 $49,870
2018 $8,706 $92,830 $49,700 $43,130
2017 $2,647 $92,830 $49,700 $43,130
2016 $2,630 $92,830 $49,700 $43,130
2015 $2,629 $92,830 $49,700 $43,130
2014 $2,405 $92,830 $49,700 $43,130
2013 $2,403 $92,830 $49,700 $43,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4111613

MLS Now

APN: 03-A-079-0-00-003