NOT LISTED FOR SALE

538 Bailey Dr Unit 540 Mansfield, OH 44904

Estimated Value: $245,023 - $271,000

5 Beds
4 Baths
2,630 Sq Ft
$96/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $219,000 $83 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,579/month

76 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Garage
  • 4-minute walk to Fox Glen Park

About This Home

As of December 2023

538-540 Bailey Dr. This two-story double in Lexington Schools is not only a comfortable residence but also a smart investment opportunity. Whether you're an experienced investor or a first-time buyer looking to offset your mortgage with rental income, this property offers both short-term and long-term financial benefits.

Last Agent to Sell the Property

Donald Klupp

RE/MAX First Realty Brokerage Phone: 4197564663 License #2015000671 Listed on: 10/06/2023

Last Buyer's Agent

Heather Stover

Sluss Realty License #2017005095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,830

Year Built

  • Built in 1971

Lot Details

  • 0.27

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding
  • Lead Paint Disclosure

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Garage
  • Open Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • 0.27 Acre Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 0569218512000

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $840
  • Trash Expense $480
  • Net Operating Income $16,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,830

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2693
  • Road Surface Type: Paved
  • Directions: Middle Bellville to Bailey Dr
  • Carport Y N: No
  • Garage Yn: Yes
  • Structure Type: Onsite Built, Duplex S/S
  • Year Built: 1971
  • Attribution Contact: 4197564663
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Has Basement: Full
  • Total Bedrooms: 5
  • Interior Amenities: Other-See Remarks

Exterior Features

  • Lot Features: City Lot
  • Disclosures: Lead Based Paint - Add. 1
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Asphalt, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Other - See Remarks
  • Association: Yes

Fee Information

  • Trash Expense: 480

Schools

  • Junior High Dist: Lexington Local Schools

Lot Info

  • Lot Size Sq Ft: 11730.708
  • Farm Land Area Units: Square Feet
  • Parcel #: 0569218512000

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 840
  • Property Net Operating Income: 16650

Tax Info

  • Tax Annual Amount: 1830

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Dec 22, 2023
Sold by
Rhinostar Llc
Bought by
Burkhart Lauretta A
Seller's Agent
Donald Klupp
RE/MAX First Realty
Buyer's Agent
Heather Stover
Sluss Realty
List Price
$229,900
Sold Price
$219,000
Premium/Discount to List
-$10,900
-4.74%
Views
137
Current Estimated Value
$253,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,006
Avg. Annual Appreciation
7.37%
Original Mortgage
$197,100
Outstanding Balance
$193,694
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$59,312

Purchase Details

Listed on
Aug 4, 2020
Closed on
Oct 1, 2020
Sold by
Marcellus Equity Holdings Llc
Bought by
Rhinostar Llc
List Price
$194,900
Sold Price
$175,000
Premium/Discount to List
-$19,900
-10.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%

Purchase Details

Closed on
May 21, 2015
Sold by
Wert Timothy J
Bought by
Marcellus Equity Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 1997
Sold by
Senters Richard C
Bought by
Wert Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1996
Sold by
Reece Sara L
Bought by
Senters Richard L and Senters Twila D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burkhart Lauretta A $219,000 First Protection Title
Rhinostar Llc $175,000 Barristers Title Group
Marcellus Equity Holdings Llc $70,000 Chicago Title
Wert Timothy J $116,500 --
Senters Richard L $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burkhart Lauretta A $197,100
Previous Owner Marcellus Equity Holdings Llc $56,000
Previous Owner Wert Timothy J $92,800
Previous Owner Senters Richard L $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $219,000 -4.7% $83 / Sq Ft
10/06/2023 10/06/23 For Sale $229,900 +31.4% $87 / Sq Ft
10/01/2020 10/01/20 Sold $175,000 -10.2% $67 / Sq Ft View Prior Sale
09/01/2020 09/01/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $194,900 -- $74 / 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 $3,088 $61,730 $14,280 $47,450
2023 $3,088 $61,730 $14,280 $47,450
2022 $1,830 $31,510 $10,780 $20,730
2021 $1,836 $31,510 $10,780 $20,730
2020 $1,838 $31,510 $10,780 $20,730
2019 $1,689 $26,710 $9,140 $17,570
2018 $1,444 $26,710 $9,140 $17,570
2017 $1,587 $34,320 $9,140 $25,180
2016 $1,339 $24,540 $8,870 $15,670
2015 $2,071 $37,990 $8,870 $29,120
2014 $2,071 $37,990 $8,870 $29,120
2012 $1,007 $39,160 $9,140 $30,020
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Donald Klupp

    RE/MAX

    (419) 571-6102

    4 in this area

    18 Total Sales

    Donald Klupp
    Section Image
  • Heather Stover

    Buyer's Agent in 2023

    Heather Stover

    Sluss Realty

    (419) 295-5345

    22 in this area

    210 Total Sales

    Heather Stover
    Section Image
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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9058960

Mansfield Association of REALTORS®

APN: 056-92-185-12-000

Ohio Richland County Mansfield 44904

538 Bailey Dr Unit 540, Mansfield, OH

Not Listed for Sale

MultiFamily

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