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5562 Madrid Dr; Westerville, OH Property Details

5562 Madrid Dr, Westerville, OH is a Single Family that was built in 1961. This property is currently Financed and is not for sale. Our records show that 5562 Madrid Dr has 3 bedrooms, and 2 bathrooms, and a total of 1,404 square feet. The lot size of 5562 Madrid Dr is 9,871 square feet.

Off market
5562 Madrid Dr Westerville, OH 43081
$114,000 Listing Price
3 Beds
2 Baths
1,404 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1961
  • Purchase Price: $114,000
  • Open Loans / Balance: 1 / $74,539
  • Est. Equity / %: $231,461 / 75.64%
  • Gross Yield: 8.847%
  • APN: 110-003295
  • Situs County: Franklin
  • Length Of Ownership: 13 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 6

Structure

  • Stories: 1
  • Exterior Wall Type: Masonry
  • Building Condition: Average
  • Building Quality: C
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,404/SqFt
  • Lot: 9,871/SqFt
  • Gross: 1,404/SqFt
  • Living: 1,404/SqFt
  • Building: 1,404/SqFt
  • Ground: 1,404/SqFt
  • Price Per Square Foot: $81.20

Legal Description

  • Description: 5562 MADRID DR H C HUBER PLAT 48 SEC 3 1363
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Westerville City School District
  • Lat / Lon: 40.08652 / -82.92054
  • Subdivision: Herbert C Huber Plat 48 Sec 3
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4224
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 1

HOA

  • H O A One: $15
  • H O A Amount: $15
  • H O A One Type: Home Owner Association

Ownership Info

5562 Madrid Dr has no associated ownership info
5562 Madrid Dr has no associated ownership info.

Taxes

5562 Madrid Dr has 10 associated Taxes items

5562 Madrid Dr, Westerville, OH pays taxes in Franklin County, OH. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $84,810. The APN we've located for 5562 Madrid Dr is 110-003295.

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Taxes
  • Assessed Value:  $84,810
  • Assessed Year:  2025
  • Assessed County:  Franklin
  • APN:  110-003295
  • Assessed Land Value:  23100
  • Market Land Value:  66000
  • Tax Amount:  5264.44
  • Tax Year:  2024
  • Market Value:  242300
  • Market Year:  2025

Tax History

5562 Madrid Dr has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $84,810 Land Value $23,100 Improvement Value $61,710 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $84,810 Land Value $23,100 Improvement Value $61,710 Tax Amount $5,264.44 Change Rate +0.021777% Assessed CR Tax Rate +0.062073%
Year 2023 Assessed Value $84,810 Land Value $23,100 Improvement Value $61,710 Tax Amount $5,152.24 Change Rate +0.07687% Assessed CR Tax Rate +0.06075%
Year 2022 Assessed Value $59,230 Land Value $12,290 Improvement Value $46,940 Tax Amount $4,784.46 Change Rate -0.013705% Assessed CR Tax Rate +0.080778%
Year 2021 Assessed Value $59,230 Land Value $12,290 Improvement Value $46,940 Tax Amount $4,850.94 Change Rate +0.000743% Assessed CR Tax Rate +0.0819%
Year 2020 Assessed Value $59,230 Land Value $12,290 Improvement Value $46,940 Tax Amount $4,847.34 Change Rate +0.213006% Assessed CR Tax Rate +0.081839%
Year 2019 Assessed Value $45,090 Land Value $12,290 Improvement Value $32,800 Tax Amount $3,996.14 Change Rate +0.083867% Assessed CR Tax Rate +0.088626%
Year 2018 Assessed Value $45,090 Land Value $12,290 Improvement Value $32,800 Tax Amount $3,686.93 Change Rate -0.031028% Assessed CR Tax Rate +0.081768%
Year 2017 Assessed Value $45,090 Land Value $12,290 Improvement Value $32,800 Tax Amount $3,804.99 Change Rate +0.029411% Assessed CR Tax Rate +0.084387%
Year 2016 Assessed Value $39,310 Land Value $9,210 Improvement Value $30,100 Tax Amount $3,696.28 Change Rate +0.055579% Assessed CR Tax Rate +0.094029%
Year 2015 Assessed Value $39,310 Land Value $9,210 Improvement Value $30,100 Tax Amount $3,501.66 Change Rate -0.000126% Assessed CR Tax Rate +0.089078%
Year 2014 Assessed Value $39,310 Land Value $9,210 Improvement Value $30,100 Tax Amount $3,502.1 Change Rate +0.980344% Assessed CR Tax Rate +0.089089%
Year 2013 Assessed Value $39,305 Land Value $9,205 Improvement Value $30,100 Tax Amount $1,768.43 Change Rate Assessed CR Tax Rate +0.044992%