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4040 Commonwealth Ave; Toledo, OH Property Details

4040 Commonwealth Ave, Toledo, OH is a Single Family that was built in 1916. This property is currently Financed and is not for sale. Our records show that 4040 Commonwealth Ave has 2 bedrooms, and 1 bathroom, and a total of 1,609 square feet. The lot size of 4040 Commonwealth Ave is 5,500 square feet.

Off market
4040 Commonwealth Ave Toledo, OH 43612
$28,175 Estimated Value
2 Beds
1 Baths
1,609 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1916
  • Purchase Price: $56,000
  • Open Loans / Balance: 2 / $8,437
  • Est. Equity / %: $73,563 / 89.71%
  • Gross Yield: 16.332%
  • APN: 03-18731
  • Situs County: Lucas
  • Length Of Ownership: 9 years

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

  • Stories: 1
  • Exterior Wall Type: Metal
  • Building Condition: Average
  • Building Quality: D
  • Porch Type: Open
  • Sewer Type: Municipal
  • Water Source: Municipal
  • Attic: true

Measurements

  • Total: 1,609/SqFt
  • Lot: 5,500/SqFt
  • Attic: 1,066/SqFt
  • Gross: 3,208/SqFt
  • Garage: 396/SqFt
  • Living: 1,609/SqFt
  • Basement: 1,066/SqFt
  • Building: 3,208/SqFt
  • Ground: 1,076/SqFt
  • Garage Unfinished: 396/SqFt
  • Price Per Square Foot: $34.80

Legal Description

  • Description: COMMONWEALTH ADDN LOT 8 EXC E 15 FT
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Toledo City School District
  • Lat / Lon: 41.693485 / -83.580414
  • Subdivision: Commonwealth Addn
  • Property Class: Residential
  • Zoning: 10-RD6
  • County Use Code: 510

Amenities

  • Plus Four: 1541
  • Garage: Attached Garage
  • Heating: Forced air unit

Ownership Info

4040 Commonwealth Ave has no associated ownership info
4040 Commonwealth Ave has no associated ownership info.

Taxes

4040 Commonwealth Ave has 8 associated Taxes items

4040 Commonwealth Ave, Toledo, OH pays taxes in Lucas County, OH. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $28,175. The APN we've located for 4040 Commonwealth Ave is 03-18731.

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Taxes
  • Assessed Value:  $28,175
  • Assessed Year:  2025
  • Assessed County:  Lucas
  • APN:  03-18731
  • Assessed Land Value:  9905
  • Market Land Value:  28300
  • Market Value:  80500
  • Market Year:  2025

Tax History

4040 Commonwealth Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $28,175 Land Value $9,905 Improvement Value $18,270 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $28,175 Land Value $9,905 Improvement Value $18,270 Tax Amount $865.26 Change Rate -0.481128% Assessed CR Tax Rate +0.03071%
Year 2023 Assessed Value $26,075 Land Value $6,545 Improvement Value $19,530 Tax Amount $1,667.58 Change Rate -0.003055% Assessed CR Tax Rate +0.063953%
Year 2022 Assessed Value $26,075 Land Value $6,545 Improvement Value $19,530 Tax Amount $1,672.69 Change Rate -0.024682% Assessed CR Tax Rate +0.064149%
Year 2021 Assessed Value $26,075 Land Value $6,545 Improvement Value $19,530 Tax Amount $1,715.02 Change Rate +0.037884% Assessed CR Tax Rate +0.065773%
Year 2020 Assessed Value $22,155 Land Value $5,530 Improvement Value $16,625 Tax Amount $1,652.42 Change Rate +0.019345% Assessed CR Tax Rate +0.074585%
Year 2019 Assessed Value $22,155 Land Value $5,530 Improvement Value $16,625 Tax Amount $1,621.06 Change Rate -0.002007% Assessed CR Tax Rate +0.073169%
Year 2018 Assessed Value $22,155 Land Value $5,530 Improvement Value $16,625 Tax Amount $1,624.32 Change Rate -0.016291% Assessed CR Tax Rate +0.073316%
Year 2017 Assessed Value $21,630 Land Value $5,390 Improvement Value $16,240 Tax Amount $1,651.22 Change Rate +0.000636% Assessed CR Tax Rate +0.076339%
Year 2016 Assessed Value $61,800 Land Value $15,400 Improvement Value $46,400 Tax Amount $1,650.17 Change Rate +0.009136% Assessed CR Tax Rate +0.026702%
Year 2015 Assessed Value $61,800 Land Value $15,400 Improvement Value $46,400 Tax Amount $1,635.23 Change Rate +0.201703% Assessed CR Tax Rate +0.02646%
Year 2014 Assessed Value $21,630 Land Value $5,390 Improvement Value $16,240 Tax Amount $1,360.76 Change Rate Assessed CR Tax Rate +0.062911%
Year 2013 Assessed Value $21,630 Land Value $5,390 Improvement Value $16,240 Tax Amount $1,360.76 Change Rate Assessed CR Tax Rate +0.062911%