1117 Woodland Ave

• Potential for lead paint and asbestos: Given the age of the property (built in 1887), there's a high likelihood of lead paint and asbestos being present. Remediation costs can be significant and are not included in the listed price. • Combined sewer system: Toledo's combined sewer overflow system means the property could be at risk of basement backups during heavy rain, potentially leading to costly water damage and cleanup. • Unknown long-term maintenance costs: While the property has been renovated, the long-term maintenance needs of an older home can be unpredictable, with potential costs for structural repairs, foundation issues, and roof replacements. • Potential for neighborhood issues: The description notes the presence of vacant properties in some areas, which can affect property values and safety. The presence of vacant properties near the subject property should be verified. • Uncertainty regarding utilities: The lack of specific utility information makes it difficult to estimate monthly costs and identify potential issues with older systems. • Population decline: Toledo has experienced population decline, which can affect property values and demand. While the area near the University of Toledo may be more stable, the overall trend should be considered. • Manufacturing dependence: Toledo's economy has historically been heavily reliant on manufacturing, which has experienced fluctuations. The stability of the local job market and its impact on property values should be assessed.