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349 Jennings Avenue

349 Jennings Avenue, Mansfield, OH 44907
Property in Mansfield
Sold Nov 22, 2021
$2,040,000
$1,948,000 by Lima One Capital Llc
Mortgage Due Nov 22, 2051
Sold Oct 31, 2016
$925,000
349 Jennings Avenue in Mansfield, OH was first built in 1982 and is 42 years old. This has been categorized as a residential property type. There are a total of 2 floors. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 349 Jennings Avenue has 5,676 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 21,927 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit. 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, 349 Jennings Avenue was last sold in Nov 5, 2021 for $2,040,000. According to our calculations, that's $359.41 per sqft. Prior to that sales transaction, the property was sold for $925,000 in Oct 31, 2016. Current property owners are expected to pay $5,172 in taxes per year. The property on 349 Jennings Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $55,470. To break that down further, the land itself was valued at $8,960. While improvements to the property were assessed at a total of $46,510. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 16
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,927
  • Total Building Area: 5,676
  • Gross Building Area: 5,676
  • Building Area: 5,676
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 5,676
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GRANDVIEW TERRACE
  • Land Acres: 0.503
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: 19987

Ownership

  • Current Owner : JENNINGS AVE APARTMENTS LLC
  • Previous Owner : STIMENS KURT
  • Previous Owner 2: RLT KURT STIMENS
  • Owner Before Previous Owner: MILLER DAVID O
  • Owner Before Previous Owner 2: SWANK HELEN C
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Madison Local School District
  • Census Tract: 001000

Geography

  • Assessors Map Reference: MAP 1127 4
  • District: 3010
  • Parcel: 028-90-130-06-000
  • Municipality: MANSFIELD
  • Latitude: 40.7436
  • Longitude: -82.4982

    Address

  • Full Address: 349 Jennings Ave
  • Address - House Number: 349
  • Address - Street Name: Jennings
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Mansfield
  • Carrier Code: C088
  • 4-Digit Zip Code: 1487
  • Zip Code: 44907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,172
  • Tax Rate Code Area: 02890

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 104,866
  • High Value: 120,839
  • Low Value: 88,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,948,000
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $1,948,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 22, 2051

    Market Valuation

  • Market Total Value: $158,480
  • Market Land Value: $25,600
  • Market Improvement Value: $132,880

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,470
  • Assessed Land Value: $8,960
  • Assessed Improvements Value: $46,510

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11869129402
  • Current Sale Price: $2,040,000
  • Current Sale Document Type: Fiduciary Deed
  • Current Sale Input Document Number: 202100016743
  • Previous Sale Recording Date: Oct 31, 2016
  • Previous Sale Contract Date: Oct 31, 2016
  • Previous Sale Amount: $925,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $1,948,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: SUTTON BANK
  • Previous Mortgage Transaction Date: Oct 31, 2016
  • Previous Mortgage Loan Amount: $693,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Mansfield



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Frequently Asked Questions

What neighborhood is 349 Jennings Avenue located in?
The 349 Jennings Avenue is a located in the neighborhood of Mansfield in Mansfield, Mansfield.
What is the average sales price for listings in 349 Jennings Avenue?
The average sales price for units in 349 Jennings Avenue is $0 currently.

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