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$6,000 SELLER CREDIT with closing by December 15! Use it toward a rate buydown, closing costs or prepaids. OPPORTUNITY KNOCKS in Madison. This fully furnished 8-bedroom, 3-full-bath home has TWO full kitchens, TWO living rooms and a bonus first-floor office. The flexible layout suits a recovery home, group home, shared housing, foster care, nonprofit or mentorship program, or multigenerational living, with 4 bedrooms, a full bath, laundry and the office on the first floor. THE NUMBERS: At up to $700 per bed, 8 beds could gross about $5,600/month. With 20% down at 6.5%, estimated P&I is about $1,745/month. Add taxes of $4,225/yr (about $352/mo) and estimated insurance near $200/mo, for a total payment around $2,300/month. After an estimated 45% for vacancy, utilities, taxes, insurance and upkeep, that is roughly a 10% cap rate. Also a fit for furnished short, mid or long-term rentals. Located in Northeast Ohio's Lake Erie and Grand River Valley wine country, near wineries, Lake Erie recreation, parks, Geneva-on-the-Lake and SPIRE Institute. All figures are estimates. Rents, rates, insurance and occupancy limits vary. Buyers to verify all numbers and complete their own due diligence on requirements for their intended use. FULLY FURNISHED and ready for your vision!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1950
  • 0.2583 Acre Lot
  • 2 Car Garage
  • 50 days on Market

  • Bedrooms
    8
  • Bathrooms
    3
  • Year Built
    1950
  • Stories
    2.0
  • Architectural Style
    Colonial
  • Construction Materials
    Vinyl Siding
  • Foundation
    Slab
  • Garage Spaces
    2.0
  • Parking Features
    Garage, Detached
  • Living Area
    3169.0
  • Appliances
    Dishwasher, Microwave, Refrigerator, Range, Cooktop
  • Patio And Porch
    Patio
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas, Hot Water, Steam

  • Acres
    0.2583
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 1875 Perth Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1875 Perth Rd.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1875 Perth Rd?

Click Ask a Question to talk with our team. You already know it is a 8 bed, 3 bath, listed for $342,400. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Madison, and can even get you in to see the property quickly.

How do I get a virtual tour of 1875 Perth Rd?

Yes! A virtual tour is available for 1875 Perth Rd. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 1875 Perth Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1875 Perth Rd at around $2,209. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1875 Perth Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1875 Perth Rd?

In most cases, yes. Whether 1875 Perth Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Madison's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1875 Perth Rd?

We can handle that for you. Our preferred local agent specializes in residentials in Madison and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $342,400 with 3,169 sqft of space—that comes out to approximately $108 per square foot.

How long has this property been on the market?

1875 Perth Rd was listed on September 18, 2026, which means it's been on the market for 50 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1950, making it approximately 76 years old.

What is the lot size of this property?

1875 Perth Rd sits on a 0.26-acre lot, which is 11,326 square feet.

What are the property taxes for 1875 Perth Rd?

The most recent public record shows annual property taxes for 1875 Perth Rd were approximately $4,225. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1875 Perth Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Now. All rights reserved.

Last Updated: November 07, 2026 at 07:50AM | Source: MLS Now | MLS#: 5245872