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402 Furnace Road

402 Furnace Road, Conneaut, OH 44030
Property in Conneaut
Sold Feb 26, 2021
$103,000
$104,040 by Top Flite Financial Inc
Mortgage Due Mar 01, 2051
Sold Sep 25, 2020
$33,000
402 Furnace Road in Conneaut, OH was first built in 1900 and is 124 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 402 Furnace Road has 1,607 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. The basement is 743 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a well 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 condition of the building has been evaluated as poor. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 402 Furnace Road sold most recently in Feb 25, 2021 for a total of $103,000. If you work out the math, that's approximately a cost of $43.83 per sqft. Before that, the property was also sold for $33,000 in Sep 25, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $627 in taxes each year. The initial year of tax delinquency occurred in 2019. 402 Furnace Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,570. If we break it down further, the land itself was valued at $2,770. Improvements to the property, however, were assessed at a total of $11,800. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Poor
  • Building Quality: C
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 743
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,350
  • Gross Building Area: 2,438
  • Building Area: 1,607
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,607
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: B F KENNEDY PLAN
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: 69 KENNEDY NO 2

Ownership

  • Current Owner : SITO CHARLES M
  • Previous Owner : SCHWARTZ EMANUEL
  • Previous Owner 2: SCHWARTZ KATHRYN
  • Owner Before Previous Owner: CROPEK JOYCE
  • Owner Before Previous Owner 2: WILMINGTON SAVINGS FUND SOCIET
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Conneaut Area City School District
  • Census Tract: 000101

Geography

  • District: 12
  • Parcel: 12-329-00-136-00
  • Municipality: CONNEAUT CITY
  • Latitude: 41.9383
  • Longitude: -80.5387

    Address

  • Full Address: 402 Furnace Rd
  • Address - House Number: 402
  • Address - Street Name: Furnace
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Conneaut
  • Carrier Code: R003
  • 4-Digit Zip Code: 2855
  • Zip Code: 44030

Valuation

    Tax

  • Total Area: 432
  • Tax Year: 2022
  • Tax Amount: $627
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 85
  • Final Value: 69,000
  • High Value: 89,000
  • Low Value: 53,000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,040
  • First Open Lien Mortgage Lender: TOP FLITE FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Feb 26, 2021
  • First Open Lien Mortgage Loan Amount: $104,040
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $41,600
  • Market Land Value: $7,900
  • Market Improvement Value: $33,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,570
  • Assessed Land Value: $2,770
  • Assessed Improvements Value: $11,800

    Sales

  • Current Sale Contract Date: Feb 25, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Transaction ID: 11839377444
  • Current Sale Price: $103,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100002182
  • Previous Sale Recording Date: Sep 25, 2020
  • Previous Sale Contract Date: Sep 25, 2020
  • Previous Sale Amount: $33,000
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOP FLITE FINANCIAL INC
  • First Mortgage Transaction Date: Feb 26, 2021
  • First Mortgage Loan Amount: $104,040
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

About Conneaut



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Frequently Asked Questions

What neighborhood is 402 Furnace Road located in?
The 402 Furnace Road is a located in the neighborhood of Conneaut in Conneaut, Conneaut.
What is the average sales price for listings in 402 Furnace Road?
The average sales price for units in 402 Furnace Road is $0 currently.

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