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Cherri Harrell

cherriharrell@homesbyharrell.com +1(216) 269-6296

$ 342,400

Est. payment | -/mo

8 Beds

3 Baths

3,169 SqFt

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$ 342,400

Est. payment | -/mo

Save Virtual Tour

8 Beds

3 Baths

3,169 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,169 sqft

Price per Sqft $108

Subdivision Madison Golf Lakelands

MLS Listing ID 5245872

Style Colonial

Bedrooms 8

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 3,169

Total Fin. Sqft 3169

Year Built 1950

Annual Tax Amount $4,225

Tax Year 2025

Lot Size 0.258 Acres

Acres 0.2583

Property Sub-Type Single Family Residence

Property Description

$6,000 SELLER CREDIT with closing by December 15! Use it toward a rate buydown, closing costs or prepaids. OPPORTUNITY KNOCKS in Madison. This fully furnished 8-bedroom, 3-full-bath home has TWO full kitchens, TWO living rooms and a bonus first-floor office. The flexible layout suits a recovery home, group home, shared housing, foster care, nonprofit or mentorship program, or multigenerational living, with 4 bedrooms, a full bath, laundry and the office on the first floor. THE NUMBERS: At up to $700 per bed, 8 beds could gross about $5,600/month. With 20% down at 6.5%, estimated P&I is about $1,745/month. Add taxes of $4,225/yr (about $352/mo) and estimated insurance near $200/mo, for a total payment around $2,300/month. After an estimated 45% for vacancy, utilities, taxes, insurance and upkeep, that is roughly a 10% cap rate. Also a fit for furnished short, mid or long-term rentals. Located in Northeast Ohio's Lake Erie and Grand River Valley wine country, near wineries, Lake Erie recreation, parks, Geneva-on-the-Lake and SPIRE Institute. All figures are estimates. Rents, rates, insurance and occupancy limits vary. Buyers to verify all numbers and complete their own due diligence on requirements for their intended use. FULLY FURNISHED and ready for your vision!

Location

State OH

County Lake

Rooms

Main Level Bedrooms 4

Interior

Heating Forced Air, Gas, Hot Water, Steam

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Cooktop, Dishwasher, Microwave, Range, Refrigerator

Laundry Laundry Room

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Back Yard

Pool None

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Patio

Garage true

Private Pool No

Building

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Madison Lsd Lake- 4303

Others

Tax ID 01-B-112-A-04-071-0

Virtual Tour https://my.matterport.com/show/?m=n8NnYPzcQVr

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now

Listed by Kit Custer • RE/MAX Transitions • kitsoldit@gmail.com, 330-221-6578

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(216) 269-6296

cherriharrell@homesbyharrell.com

1875 Perth RD Madison, OH 44057