NOT LISTED FOR SALE

1010 Summit St Lima, OH 45801

Eastside Lima Neighborhood

Estimated Value: $65,000 - $86,000

2 Beds
1 Bath
1,310 Sq Ft
$60/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $31,076 $24 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $476/month

195 Days on Market

About This Home

As of March 2022

Investment Opportunity or New Home! Well managed single family home. Leased month-to-month. NO SIGN. Please do not disturb tenants. Make offers contingent upon viewing property. Seller will sell with current tenant in place or will have the property vacated prior to closing-buyer's choice. Showings only following accepted offer to purchase. Basement may have slight seepage in heavy rain. Room sizes are approximations and should be verified by the purchaser. Current rent is $525/month

Last Agent to Sell the Property

Tim Stanford

Superior Plus Realtors License #0000331263 Listed on: 06/23/2021

Last Buyer's Agent

Eric Schomber

Exp Realty License #2020007677

Exp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $669

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 50x165

Interior Spaces

  • 1,310 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 37-3008-10-008.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$669

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 50x165
  • Unit Levels: One and One Half
  • Year Built: 1915
  • Location Property Info:Zoning2: Residential
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Fireplace YN: No
  • General Property Info:Private Pool YN: No
  • Tax Info:Parcel _pound_: 37-3008-10-008.000
  • Tax Info:Tax Annual Amount: 669.16
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling:None4: Yes
  • General Property Info:Lot Size Dimensions: 50x165
  • Levels:One and One Half: Yes
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Construction Type: Other
  • Foundation Details: Other
  • Construction Materials:Other5: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • Parking Features:None5: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Parcel #: 37-3008-10-008.000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 669.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2024
Sold by
Hero Homes Jv 1 Arbor Llc
Bought by
Walker & Wall Real Estate Llc
Current Estimated Value
$79,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,482
Outstanding Balance
$477,505
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$398,505

Purchase Details

Listed on
Jun 23, 2021
Closed on
Mar 21, 2022
Sold by
Aminita Rentals Ltd
Bought by
Lima Ohio Investment Group Llc
Seller's Agent
Tim Stanford
Superior Plus Realtors
Buyer's Agent
Eric Schomber
Exp Realty
List Price
$49,900
Sold Price
$31,076
Premium/Discount to List
-$18,824
-37.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.45%
Original Mortgage
$1,875,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2007
Sold by
Aminita Rentals Ltd
Bought by
Aminita Rentals Ltd

Purchase Details

Closed on
Jan 28, 2005
Sold by
Sarven Brian C and Sarven Jill M
Bought by
Thompson Kenneth and Thompson Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,300
Interest Rate
7.15%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 1, 1973
Bought by
Casady Richard T
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walker & Wall Real Estate Llc $407,100 None Listed On Document
Lima Ohio Investment Group Llc $56,000 None Listed On Document
Aminita Rentals Ltd $2,200 None Available
Thompson Kenneth $57,000 None Available
Casady Richard T $13,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker & Wall Real Estate Llc $485,482
Previous Owner Lima Ohio Investment Group Llc $1,875,000
Previous Owner Thompson Kenneth $51,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $31,076 -37.7% $24 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
06/23/2021 06/23/21 For Sale $49,900 -- $38 / Sq Ft
Source: West Central Association of REALTORS® (OH)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $679 $15,820 $1,680 $14,140
2023 $688 $15,090 $1,610 $13,480
2022 $677 $15,090 $1,610 $13,480
2021 $713 $15,090 $1,610 $13,480
2020 $674 $12,500 $1,540 $10,960
2019 $674 $12,500 $1,540 $10,960
2018 $667 $12,500 $1,540 $10,960
2017 $686 $12,500 $1,540 $10,960
2016 $692 $12,500 $1,540 $10,960
2015 $744 $12,500 $1,540 $10,960
2014 $744 $13,550 $1,680 $11,870
2013 $728 $13,550 $1,680 $11,870
Source: Public Records

Agents Affiliated with this Home

  • Tim Stanford

    Seller's Agent in 2022

    Tim Stanford

    Superior Plus Realtors

    (419) 230-2421

    10 in this area

    179 Total Sales

    Tim Stanford
    Section Image
  • Eric Schomber

    Buyer's Agent in 2022

    Eric Schomber

    Exp Realty

    (866) 212-4991

    9 in this area

    228 Total Sales

    Eric Schomber
    Section Image
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Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 205390

APN: 37-30-08-10-008.000

Ohio Allen County Lima 45801 Eastside Lima

1010 Summit St, Lima, OH

This home is located at 1010 Summit St, Lima, OH 45801 since 23 June 2021 and is currently estimated at $79,000, approximately $60 per square foot. This property was built in 1915. 1010 Summit St is a home located in Allen County with nearby schools including Independence Elementary School, Lima North Middle School, and Lima West Middle School.

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