NOT LISTED FOR SALE

550 W Main St Madison, OH 44057

Estimated Value: $199,000 - $270,142

5 Beds
2 Baths
2,322 Sq Ft
$99/Sq Ft Est. Value

Sale Details

Date Sold: March 29, 2023

Last sale price $171,000 $74 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,435 / mo

21 Days on Market

Highlights

  • 0.6 Acre Lot
  • 2 Fireplaces
  • Enclosed Patio or Porch
  • Deck
  • No HOA
  • 2 Car Attached Garage

About This Home

As of March 2023

Welcome to Madison Township! You must come check out this FIVE bedroom RANCH with two fireplaces and a bonus walk-out basement! So whether you're in the market for an owner occupied home or to start/add to your investor portfolio, this property is a must see. The seller will start negotiation 7 days after listing (So make sure your offer is first in line for consideration!) Schedule your appointment today!

Last Agent to Sell the Property

Seth Young

Century 21 Premiere Properties, Inc. License #2009003929 Listed on: 02/06/2023

Century 21 Premiere Properties, Inc.

Co-Listed By

David Rubin

Century 21 Premiere Properties, Inc. License #2001004681

Last Buyer's Agent

Michael Coleman

HomeSmart Real Estate Momentum LLC License #2012001099

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,060

Year Built

  • Built in 1952

Lot Details

  • 26,136 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

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

Community Details

  • No Home Owners Association
  • Village/Madison 02 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-A-013-A-00-013-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,060

Year Built

Built in 1952

Lot Details

0.6 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1952
  • Co List Office Phone: 216-455-7677
  • Subdivision Name: Village/Madison 02
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 2
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.6
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding
  • Patio And Porch Features: Deck, Enclosed, Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Madison LSD Lake- 4303

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-A-013-A-00-013-0
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3060.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Mar 15, 2023
Sold by
Us Bank Trust National Association
Bought by
Steffens Todd
Seller's Agent
Seth Young
Century 21 Premiere Properties, Inc.
Buyer's Agent
Michael Coleman
HomeSmart Real Estate Momentum LLC
List Price
$179,900
Sold Price
$171,000
Premium/Discount to List
-$8,900
-4.95%
Views
382
Current Estimated Value
$229,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,036
Avg. Annual Appreciation
10.02%
Original Mortgage
$136,800
Outstanding Balance
$132,345
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$96,691

Purchase Details

Closed on
Nov 30, 2022
Sold by
Sheriff Of Lake County
Bought by
Legacy Mortgage Asset Trust

Purchase Details

Closed on
Nov 26, 2007
Sold by
Berry Andrea
Bought by
White Ralph W and Kirby Vonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,481
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2005
Sold by
Stephens Timothy P and Stephens Sharon K
Bought by
Berry Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
7.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 26, 1983
Bought by
Stephens Timothy P
Source: Public Records
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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
Steffens Todd $171,000 None Listed On Document
Legacy Mortgage Asset Trust $141,900 --
White Ralph W $163,000 Ohio Real Title
Berry Andrea $172,000 Enterprise Title Agency Inc
Stephens Timothy P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steffens Todd $136,800
Previous Owner White Ralph W $160,481
Previous Owner Berry Andrea $137,600
Closed Berry Andrea $34,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $171,000 -4.9% $74 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $179,900 -- $77 / 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 -- $66,380 $12,020 $54,360
2024 -- $66,380 $12,020 $54,360
2023 $5,489 $53,320 $10,020 $43,300
2022 $3,060 $53,320 $10,020 $43,300
2021 $3,050 $53,320 $10,020 $43,300
2020 $2,883 $44,430 $8,350 $36,080
2019 $2,886 $44,430 $8,350 $36,080
2018 $2,888 $44,710 $8,350 $36,360
2017 $2,977 $44,710 $8,350 $36,360
2016 $2,745 $44,710 $8,350 $36,360
2015 $2,515 $44,710 $8,350 $36,360
2014 $2,575 $44,710 $8,350 $36,360
2013 $2,412 $44,710 $8,350 $36,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4436777

MLS Now

APN: 02-A-013-A-00-013

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