$75,000
SOLD DEC 3, 2024

221 W Michigan Ave Lima, OH 45801

3 Beds
1 Bath
1,140 Sq Ft
7,667 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

91% Below List Price

4 Days on Market

Highlights

  • Ranch Style House
  • Covered patio or porch
  • Living Room
  • No HOA
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of December 2024

Welcome to 221 Michigan. This 3 bed 1 bath ranch home would make a great starter home or investment property. Take advantage of the strong rental market in our area. Add this home to your portfolio and start cash flowing on day 1. Great north end location close to shopping and restaurants will make going out convenient. Large back yard & additional family room give you extra living space. This is ready for someone to make it their own. Set up your showing today!

Last Agent to Sell the Property

Dave Mayer

Hartsock Realty License #2021000645 Listed on: 11/01/2024

Last Buyer's Agent

Dave Mayer

Hartsock Realty License #2021000645 Listed on: 11/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 1953

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • Family Room
  • Living Room
  • Crawl Space
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Covered patio or porch
  • 7,667 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 37-1911-06-010.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$810

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Architectural Style: Ranch
  • Year Built: 1953
  • Location Property Info:Zoning2: Residential
  • General Property Info:Lot Size Acres: 0.176
  • General Property Info:Lot Size Square Feet: 7666.56
  • General Property Info:FEMA Flood Zone YN: No
  • Tax Info:Parcel _pound_: 37-1911-06-010.000
  • Tax Info:Tax Annual Amount: 810.0
  • Architectural Style:Ranch: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Room Types:Living Room2: Yes
  • Cooling:None4: Yes
  • Flooring:Carpet: Yes
  • Room Types:Family Room3: Yes
  • Flooring:Laminate: Yes
  • Foundation:Crawl Space2: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Laminate
  • Dining Room Features:Eat-in Kitchen: Yes

Exterior Features

  • Construction Type: Wood Siding
  • Patio And Porch Features: Covered
  • Patio Porch Features:Covered: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage Spaces: 1.0
  • Parking Features:Garage: 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

  • Lot Size Sq Ft: 7666.56
  • Parcel #: 37-1911-06-010.000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 810.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Dec 3, 2024
Sold by
Jtl Leasing Llc
Bought by
Hef Properties Llc
Seller's Agent
Dave Mayer
Hartsock Realty
Buyer's Agent
Dave Mayer
Hartsock Realty
List Price
$790,000
Sold Price
$75,000
Premium/Discount to List
-$715,000
-90.51%
Views
39
Current Estimated Value
$77,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,755
Avg. Annual Appreciation
3.27%
Original Mortgage
$56,250
Outstanding Balance
$56,043
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$20,614

Purchase Details

Listed on
May 16, 2019
Closed on
Jul 24, 2019
Sold by
Thompson Gale A and Corson Karen Sue
Bought by
Jtl Leasing Llc
Seller's Agent
Cindy Liening
Cowan, Realtors
Buyer's Agent
Jeff Dulmage
Hartsock Realty
List Price
$53,000
Sold Price
$53,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$82,500
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 1988
Bought by
Thompson Gale A
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $75,000 None Listed On Document
Warranty Deed $75,000 None Listed On Document
Warranty Deed $53,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $56,250 New Conventional
Closed $56,250 New Conventional
Previous Owner $82,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $75,000 -5.1% $66 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
11/01/2024 11/01/24 Price Changed $79,000 -90.0% $69 / Sq Ft
11/01/2024 11/01/24 For Sale $790,000 +1390.6% $693 / Sq Ft
07/25/2019 07/25/19 Sold $53,000 0.0% $46 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $53,000 -- $46 / 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 $938 $24,680 $3,750 $20,930
2023 $810 $18,170 $2,770 $15,400
2022 $807 $18,170 $2,770 $15,400
2021 $854 $18,170 $2,770 $15,400
2020 $695 $12,850 $2,700 $10,150
2019 $695 $12,850 $2,700 $10,150
2018 $706 $12,850 $2,700 $10,150
2017 $698 $12,850 $2,700 $10,150
2016 $705 $12,850 $2,700 $10,150
2015 $768 $12,850 $2,700 $10,150
2014 $768 $14,040 $2,590 $11,450
2013 $749 $14,040 $2,590 $11,450
Source: Public Records

Agents Affiliated with this Home

  • Dave Mayer

    Seller's Agent in 2024

    Dave Mayer

    Hartsock Realty

    (567) 825-3009

    95 Total Sales

    Section Image
  • Cindy Liening

    Seller's Agent in 2019

    Cindy Liening

    Cowan, Realtors

    (419) 222-1212

    171 Total Sales

    Section Image
  • Jeff Dulmage

    Buyer's Agent in 2019

    Jeff Dulmage

    Hartsock Realty

    (419) 204-4668

    141 Total Sales

    Section Image
See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 305571

APN: 37-19-11-06-010.000

Ohio Allen County Lima 45801

221 W Michigan Ave, Lima, OH

This home is located at 221 W Michigan Ave, Lima, OH 45801 and is currently priced at $75,000, approximately $65 per square foot. This property was built in 1953. 221 W Michigan Ave 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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