Property Details
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This charming residential property, located at 1200 West Vine St in Mount Vernon, OH, belongs to a subdivision known as Israel & Devin. With a total assessed value of $92,080, including $27,710 in improvements and $4,520 in land value, this spacious 1903-built home offers 2,112 sq ft of living space spread among 11 rooms, including 4 bedrooms and 4 bathrooms. The property features a large lot measuring 6,839 sq ft, with a lot depth of 125 feet and a width of 55 feet. Previous sale records show the property sold for $79,500. Despite its age, the property remains in good condition with a gas heating system and no cooling system in place.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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