1487 Lake View Avenue
Madison, OH 44057
Map
- 1 bed
- 1 bath
- 600 sqft
- $83 per sqft
- 1947 build
- – on site
Opportunity knocks in this charming lakeside community! Just a short walk to the water, this property sits on a spacious lot with mature trees offering privacy and shade. The existing structure is in need of complete renovation or tear-down, presenting a perfect blank slate for your vision. Whether you're looking to rebuild, flip, or create a cozy seasonal getaway near the lake. The lot features a detached garage, plenty of green space, and potential for expansion. Located on a quiet street surrounded by well-kept homes and natural beauty, you'll enjoy peaceful living with convenient access to nearby marinas, parks, and lakefront activities. PROPERTY NEEDS FULL REHAB. Bring your imagination and contractor—this one won’t last long at this price!
Last checked:
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Checking…
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Last updated Jun 11, 2025
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MLS# 5127957 —
The Building
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Year Built:1947
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Year Built Source:PublicRecords
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Construction Materials:Stucco,WoodSiding
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Architectural Style:Ranch
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Levels:One
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Stories:1
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Roof:Asphalt
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Basement:Full,Unfinished
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Basement:true
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Foundation:Block
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Above Grade Finished Area:600.0
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Above Grade Finished Area Source:Assessor
Interior
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Rooms Total:5
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Fireplace:false
Room Dimensions
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Living Area:600.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:DeliveryOfDeed
Location
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Directions:Start on Lake Road (OH-531). Head west on Lake Road, approximately 0.5 miles past Madison Township Park. Turn onto Lake View Avenue. Drive about 0.5 miles on Lake View Avenue. The destination will be on your left.
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Latitude:41.833831
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Longitude:-81.052074
The Property
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Parcel Number:01-B-115-C-00-106-0
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Lot Size Acres:0.1818
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Lot Size Area:0.1818
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (440) 781-6885
- Office phone:
- (216) 252-6580
Taxes
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Tax Year:2024
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Tax Legal Description:LOT 3 & 4 TRACT 3 S/L 223 & 224
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Tax Annual Amount:$946
Beds
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Bedrooms Total:1
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Main Level Bedrooms:1
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1
The Listing
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Home Warranty:false
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Special Listing Conditions:Standard
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/1487-Lake-View-Avenue-Madison-OH-44057/unbranded
Heating & Cooling
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Heating:Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Madison LSD Lake- 4303
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Middle School District:Madison LSD Lake- 4303
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High School District:Madison LSD Lake- 4303
The Community
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Subdivision Name:Madison Lakeland Sub
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Pool Private:false
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:OffStreet
Monthly cost estimate
Asking price
$49,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$267
|
| Taxes | $78 |
| Insurance | $13 |
| Utilities | $115 See report |
| Total | $473/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/11/25
Jun 11, 2025
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Listed / Active | MLS_NOW | $49,900 | 66.3% (33.6% / YR) |
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6/22/23
Jun 22, 2023
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MLS_NOW | $30,000 | -25.0% | |
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3/9/23
Mar 9, 2023
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MLS_NOW | $40,000 |
