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242 Prospect Street

242 Prospect Street, Wellington, OH 44090
Property in Wellington
Sold Oct 23, 2020
$190,000
$194,370 by Nations Direct Mortgage Llc
Mortgage Due Nov 01, 2050
Sold Dec 16, 2005
Transfer
$148,500 by Howard Hanna Mortgage Services
Mortgage Due Jan 01, 2036
Local assessors in Wellington, OH have categorized 242 Prospect Street as a residential type of property. The home was built in 1866 and is 158 years old. It was most recently renovated and altered in 1900. The property's lot size has been calculated to be 21,344 square feet. The linear feet between the front and back of the lot was measured at 2,640 ft and the front of the lot was measured at 820 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 242 Prospect Street has a total of 2,550 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,112 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's baseboard heaters is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 242 Prospect Street was last sold in Oct 23, 2020 for $190,000. According to our calculations, that's $74.51 per sqft. Current property owners are expected to pay $2,949 in taxes per year. The property on 242 Prospect Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $64,215. To break that down further, the land itself was valued at $9,961. While improvements to the property were assessed at a total of $54,254. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1866
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,112
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Depth Feet: 2,640
  • Lot Size Frontage Feet: 820
  • Total Building Area: 2,550
  • Gross Building Area: 2,550
  • Building Area: 2,550
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 2,550
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HAMLIN & THURLEY
  • Land Acres: 0.49
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: HAMLIN & THURLEY 82.60 X 264

Ownership

  • Current Owner : WOODY STEPHEN L
  • Current Owner 2: WOODY BIRTHA M
  • Previous Owner : BECHER MICHAEL P
  • Previous Owner 2: BECHER ELIZABETH A
  • Owner Before Previous Owner: SMITH THEODORE L
  • Owner Before Previous Owner 2: SMITH MOLLY JANE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wellington Exempted Village School District
  • Census Tract: 096100

Geography

  • Assessors Map Reference: 6718027B 01700
  • Parcel: 18-00-027-110-054
  • Block: 110
  • Lot: 108
  • Municipality: WELLINGTON TWP/WELLINGTON VILL
  • Latitude: 41.1644
  • Longitude: -82.2209

    Address

  • Full Address: 242 Prospect St
  • Address - House Number: 242
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: OH
  • City Name: Wellington
  • Carrier Code: C003
  • 4-Digit Zip Code: 1230
  • Zip Code: 44090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,949
  • Tax Rate Code Area: 67

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 93
  • Final Value: 264,000
  • High Value: 295,000
  • Low Value: 236,000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $194,370
  • First Open Lien Mortgage Lender: NATIONS DIRECT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 23, 2020
  • First Open Lien Mortgage Loan Amount: $194,370
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $183,470
  • Market Land Value: $28,460
  • Market Improvement Value: $155,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,215
  • Assessed Land Value: $9,961
  • Assessed Improvements Value: $54,254

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Transaction ID: 11794561032
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-0785189
  • Previous Sale Recording Date: Dec 16, 2005
  • Previous Sale Contract Date: Dec 14, 2005
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONS DIRECT MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 23, 2020
  • First Mortgage Loan Amount: $194,370
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: HOWARD HANNA MORTGAGE SERVICES
  • Previous Mortgage Transaction Date: Dec 16, 2005
  • Previous Mortgage Loan Amount: $148,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About Wellington



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Frequently Asked Questions

What neighborhood is 242 Prospect Street located in?
The 242 Prospect Street is a located in the neighborhood of Wellington in Wellington, Wellington.
What is the average sales price for listings in 242 Prospect Street?
The average sales price for units in 242 Prospect Street is $0 currently.

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