5566 S Prospect StreetRavenna, OH 44266

5566 S Prospect StreetRavenna, OH 44266

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$249,999 Contingent
Residential - Single Family MLS 5209152 New to the Market Contingent
3 beds 1 full baths 1 partial baths 1,812 sqft

Listed By

Agency Name: Howard Hanna
Agency Contact: beckiflood@howardhanna.com, 440-668-4628

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Welcome to this meticulously updated 2002-built Colonial, offering a rare combination of modern infrastructure and an expansive .40-acre lot. This property represents a premier opportunity for medical professionals, educators, or savvy investors seeking rental properties, strategically located just five minutes from NEOMED and within 20 minutes of Kent State University. The residence underwent an extensive transformation in 2023, including a new roof, windows, furnace, and central air system, ensuring long-term peace of mind and energy efficiency.The heart of the home is the stunning kitchen, completely overhauled in 2023 with quality self-closing cabinetry. The interior features a contemporary aesthetic with new flooring throughout, updated lighting fixtures, and a fresh coat of paint completed in 2026. Both bathrooms were fully renovated in 2023 to match the home's modern standard. Additional living space is found in the recently finished basement and laundry room, providing versatility for a home office, recreation room, or gym.Outdoor amenities include a new composite covered deck that overlooks the deep backyard, complemented by a storage shed and partial wooden fencing. Positioned with easy access to all major highways and local shopping, this property maximizes convenience while offering space and privacy all in a central corridor. Whether you are looking for a move-in-ready primary residence or a strategic addition to your investment portfolio near major campuses, this home delivers exceptional value and quality. Schedule your private showing today to experience this Ravenna gem.

5566 S Prospect Street | MLS# 5209152

This single family home located at 5566 S Prospect Street, Ravenna, OH 44266 is currently listed for sale with an asking price of $249,999. This property was built in 2002 and has 3 bedrooms and 1 full and 1 partial baths with 1812 sq. ft. S Prospect Street is located in the RAVENNA BLDG CO subdivision within the Ravenna City school district. Search RAVENNA BLDG CO real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: Central Air
Days on Market: 7
Garage: 2 car attached
Heating: Forced Air
Home Style: Conventional
Lot Size: 0.40 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $3,315 / year
Year Built: 2002

Feature Descriptions

Appliances: Dryer, Dishwasher, Microwave, Range, Washer
Exterior: Vinyl Siding
Fencing: Partial, Wood
Lot: Flat, Level
Parcel#: 29-364-00-00-040-000
Parking: Attached, Garage
Patio/Porch: Covered, Deck, Porch
Sewer: Public Sewer
Water: Public

Local Schools

School District: Ravenna City

Source: Delta Media Group, Inc.

Demographics

Portage County Demographic Information for 5566 S Prospect Street, Ravenna, OH 44266
Fips
Fips Code 39133
Population
2020 to 2025 Change up 1.0%
2010 Count 161,419
2020 Count 161,791
2025 Estimate (V2025) 163,404
2020 Estimate (V2025) 161,796
Age Distribution (Years Old)
0 to 4 4.5%
5 to 17 17.8%
18 to 64 58.5%
65 and Older 19.2%
Gender
Male 49.3%
Female 50.7%
Place of Birth
Foreign 3.7%
US 96.3%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 32.5%
Computer and Internet use
Households with a computer 95.7%
Households with a broadband Internet subscription 89.8%
Language
English is Second Language, Age 5+ 4.5%
English is First Language, Age 5+ 95.5%
Veterans
Veterans 8,134
Income
Per Capita Income $40,483
Median Household Income $75,766
People in Poverty 11.7%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 71,416
Households 65,249
Average Household Size 2.37
Owner-Occupied 70.1%
Multi-Family 22.1%
Owner-Occupied Median Value $227,000
Median selected monthly owner costs -with a mortgage $1,578
Median selected monthly owner costs -without a mortgage $611
Median gross rent $1,064
Building Permits
New Private Housing Issued 2024 200
Years at Residence
1 Year or More 87.0%
Less Than 1 Year 13.0%
Business and Employment
Private non-farm Establishments 3,051
Private non-farm Employment 48,660
Private non-farm Employment Growth down 0.1%
Nonemployer Establishments 11,742
Number of Firms 2,004
Business Production
Value of Shipments $3,414,065,000
Wholesale Trade $2,552,575,000
Retail Trade $2,382,688,000
Retail Sales Per Capita $12,043
Accommodation and Food Services $268,582,000
Land
Land Area 487.38 sq. miles
Population Per Square Mile 332

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,619.89 per month $1,270.72 Principal & Interest $276.25 Property Tax $72.92 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage