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362 Jennings Avenue

362 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
Local assessors in Mansfield, OH have categorized 362 Jennings Avenue as a residential type of property. The home was built in 1982 and is 42 years old. The property's lot size has been calculated to be 20,321 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 362 Jennings Avenue has a total of 5,676 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 unknown were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Nov 5, 2021 for $2,040,000. That's $359.41 per sqft. Prior to that sales transaction, the property was also sold in Oct 31, 2016 for $925,000. 362 Jennings Avenue was last assessed in 2022. The total value of the property was assessed at $54,990. Specifically, the land the property is located on was valued at $8,960. While improvements on the property were assessed at a total of $46,030. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,081. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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
  • Floor Count: 2
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,321
  • Total Building Area: 5,676
  • Gross Building Area: 5,676
  • Building Area: 5,676
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central 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: 0.466
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: 19989

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: 028-90-130-08-000
  • Municipality: MANSFIELD
  • Latitude: 40.7431
  • Longitude: -82.4977

    Address

  • Full Address: 362 Jennings Ave
  • Address - House Number: 362
  • Address - Street Name: Jennings
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Mansfield
  • Carrier Code: C088
  • 4-Digit Zip Code: 1486
  • Zip Code: 44907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,081
  • Tax Rate Code Area: 02890

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 104,982
  • High Value: 120,973
  • Low Value: 88,990

    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: $157,100
  • Market Land Value: $25,600
  • Market Improvement Value: $131,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,990
  • Assessed Land Value: $8,960
  • Assessed Improvements Value: $46,030

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11869129404
  • 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 362 Jennings Avenue located in?
The 362 Jennings Avenue is a located in the neighborhood of Mansfield in Mansfield, Mansfield.
What is the average sales price for listings in 362 Jennings Avenue?
The average sales price for units in 362 Jennings Avenue is $0 currently.

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