$120,797Average Value$65Average Price per Sq Ft5Homes For Sale
Riverside North sits between riverside parks and downtown Lima
On the north bank of the Ottawa River, Riverside North provides access to waterfront recreation and Lima’s historic downtown. "Market Street is our historical boulevard," says Realtor Seth Ciminillo with the Dye Real Estate & Land Company. "The homes along that street are big old brick houses. It’s a cool area to drive up and down." The local community center continues to bring the Rust Belt community together in the wake of deindustrialization, as renovated properties from the early 20th century point to a city frozen in time. Lower than average property values, together with the neighborhood's vintage charm and proximity to major conveniences, shape Riverside North’s unique appeal.
Beautiful and historic homes give character to Riverside North.
Colonial Revivals offer charm and a distinct look on the streets of Riverside North.
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Vintage homes sell for competitive prices
Much of Lima’s housing stock was built during the city’s industrial heyday in the early 20th century. Riverside North’s streets are full of homes dating from the 1910s to the 1930s, with a smattering of homes from the ’40s and ’50s. Residential architecture ranges from ranch-style homes and bungalows to Dutch Colonials and Foursquares. Many properties need fixing up, presenting an abundance of investment opportunities, while others have been recently renovated with new roofs and flooring. Homes in need of renovation range in price from $22,000 to $87,000, while well-maintained properties have sold for between $97,000 and $250,000. Most of these sale prices are well below the Lima average of $215,000.
Tudor, craftsman and colonial revival are a few examples of houses available in Riverside North.
This Tudor house faces the westward sun on a spring afternoon in Riverside North.
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Downtown dining options are a few blocks north
Though Riverside North is almost entirely residential, retail conveniences are a few blocks from home, with the local Ruler Foods supermarket on the neighborhood’s northern edge. Downtown Lima sits immediately north of the neighborhood, putting a small variety of dining options just around the corner. Closest to home, Old City Prime serves up steak and seafood accompanied by live jazz and blues. The Social House has quickly established itself as a trendy spot for cocktails and meals al fresco.
Old City Prime serves delectable dinners with a side of laughter to Riverside North residents.
The Social House has quickly established itself as a trendy spot for outdoor cocktails across the river from Riverside North.
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Gleeful music programs at Lima Senior High
Students can start at Heritage Elementary School, which receives a C rating from Niche, before attending C-minus Lima North Middle School for fifth and sixth grade and C-rated Lima West Middle School for seventh and eighth. Lima Senior High School, rated C-plus, inspired the hit television series “Glee” with its robust musical programs. Nearly seven audition-only choir programs, as well as five bands and two orchestras, express Lima Senior High's strong musical tradition.
Lima West Middle School is ready for class.
Lima Senior High School has such a strong musical program that the television show “Glee” was set in a fictional Lima counterpart.
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Green spaces along the Ottawa River
Donated to the city in 1935, Faurot Park takes its name from the man who discovered Lima’s wealth of oil and enabled the birth of a successful refining industry. “Faurot Park is probably one of the bigger parks in Lima, and they’ve done a good job redoing their splash pad," Ciminillo says. "People love the baseball diamonds, and people can fish at its three ponds. There’s even a hill for sledding in the winter.” A bridge connects Faurot Park to Collett Street Park, which offers additional space for sports. On the eastern edge of the neighborhood, the YMCA engages the community through swim meets, gymnastics classes and other activities.
Faurot Park has plenty of space to walk your furry friends in Riverside North.
Collett Street Park sits across the Ottawa River from Riverside North and features a river walk and tennis courts.
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Transportation
Riverside North is close to Lima’s everyday essentials. Downtown, the Kindred Hospital and the Lima Refinery are each within a mile. Though most locals opt to drive, the city is also connected by Allen County RTA buses.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Seth Ciminillo,
an experienced agent in this neighborhood.
Parks in this Area
Robb Park Playground
Bresler Lake Reservoir
Faurot Park
Schoonover Park
Collett Street Park
Evans Arboretum
Lima Sister Cities Accs. Japanese Garden L.S.C.A.
Ottawa Metro Park Campground
Crime and Safety
1 - Low Crime, 10 - High Crime
Riverside North
US
Homicide
7
4
Sexual Assault
5
4
Assault with Weapon
6
4
Robbery
6
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
4
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Riverside North, Lima sell after 27 days on the market compared to the national average of 47 days. The average sale price for homes in Riverside North, Lima over the last 12 months is $126,496, down 4% from the average home sale price over the previous 12 months.
LIST PRICE IS THE STARTING BID: ONLINE AND LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: TBD Part of a 55-Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Market rent for this property is estimated at $1,177 per month — strong cash flow potential from
LIST PRICE IS THE STARTING BID: ONLINE AND LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: TBD Part of a 55-Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Property is currently rented at $850, with market rent estimated at $1,086 — strong cash flow
LIST PRICE IS THE STARTING BID: ONLINE AND LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: TBD Part of a 55-Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Property is currently Vacant, with market rent estimated at $854 — strong cash flow potential from
Interested in learning more about homes in this area?
Reach out to
Seth Ciminillo,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,523
Median Age
36
Population under 18
28.2%
On par with the national average
23.8%
Population over 65
15.2%
On par with the national average
19.1%
Finances
Median Household Income
$45,062
Significantly below the national average
$71,702
Average Household Income
$55,273
Education and Workforce
High School Graduates
89.2%
College Graduates
13.4%
Below the national average
34.1%
Advanced Degrees
4.5%
Below the national average
13.3%
% Population in Labor Force
57.8%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
19°F
Average Summer High Temperature
83°F
Annual Snowfall
12''
Area Factors
Very Bikeable
Bike Score®
73/ 100
Somewhat Walkable
Walk Score®
63/ 100
Some Transit
Transit Score®
28/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
