$82,000
SOLD FEB 6, 2025

2275 N Cable Rd Unit 114 Lima, OH 45807

2 Beds
1 Bath
816 Sq Ft
$177/mo HOA Fee

Recently Sold

$100 Per Sq Ft

7% Below List Price

3 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Combination Dining and Living Room
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of February 2025

This 816-square-foot, agent owned, condominium is located on the second floor of the desirable Gatehouse Condo community. Offering a comfortable and well-maintained living space, this unit provides a perfect opportunity for investors looking to add a property to their portfolio. The condo features two spacious bedrooms and one bathroom, making it an ideal choice for small families, professionals, or roommates. The space has been recently updated with new paint and upgraded plumbing, ensuring a modern and move-in-ready environment for any potential buyer.
One of the key highlights of this property is its affordability, with a low monthly fee of only $177, which covers essential services like common area maintenance, upkeep of the community, water, trash. The HOA fee will increase by 15% with a one time assessment fee of $150. The condominium comes with an assigned parking space, adding a layer of convenience and peace of mind for residents who own a vehicle. Additionally, there is an on-site laundry facility, allowing for easy access to laundry services. This feature is particularly beneficial for those who prefer not to deal with laundromats. For investors, this property is especially attractive due to its potential for consistent rental income.
The Gatehouse Condo community itself is known for its friendly and well-maintained environment, making it a desirable location for tenants and homeowners alike. Residents can enjoy a sense of privacy and tranquility while being close to essential amenities, including shopping centers, schools, and public transport.

Last Agent to Sell the Property

Crystal Casey

Berkshire Hathaway Professional Realty License #2023001517 Listed on: 01/11/2025

Berkshire Hathaway Professional Realty

Last Buyer's Agent

ANGIE CLARK

Berkshire Hathaway Professional Realty License #2021006771

Berkshire Hathaway Professional Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $660

Year Built

  • Built in 1970 | Remodeled

HOA Fees

  • $177 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 816 Sq Ft Home
  • Drapes & Rods
  • Window Screens
  • Combination Dining and Living Room

Kitchen

  • Dinette
  • Oven
  • Electric Cooktop
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 36-2201-02-012.114

Community Details

Overview

  • Association fees include common area, ground maintenance, maintenance structure, snow removal, trash
  • Gatehouse Community
  • On-Site Maintenance

Recreation

  • Snow Removal

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$660

Year Built

Built in 1970 | Remodeled

Lot Details

0

HOA Fees

$177 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size: NA
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Zoning2: Multi-Family
  • 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_: 36-2201-02-012.114
  • Tax Info:Tax Annual Amount: 660.0
  • Appliances Refrigerators: Yes
  • Architectural Style:Ranch: Yes
  • Cooling:Central Air: Yes
  • Foundation:Slab: Yes
  • Sewer:Public Sewer: Yes
  • Levels:One: Yes
  • Water Source:Public: Yes
  • General Property Info:Basement YN: No
  • Location Property Info:Home Warranty YN: No
  • General Property Info:Lot Size Dimensions: NA
  • General Property Info:Enhanced Accessible: No
  • Utilities:Cable Available: Yes
  • Flooring:Carpet: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Flooring:Laminate: Yes
  • Location Property Info:Condominium Name: Gatehouse
  • Utilities:Water Connected: Yes
  • Utilities:Electricity Connected: Yes
  • Security Features:Smoke Detector(s): Yes
  • Utilities:Natural Gas Connected: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Cooktop, Gas Water Heater, Oven, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Window Features: Drapes, Screens
  • Appliances Dishwasher: Yes
  • Dining Room Features:LivingDining Room Combo: Yes
  • Dining Room Features:KitchenDinette: Yes
  • Appliances:Oven: Yes
  • Kitchen Features:Wood Cabinets: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Kitchen Features:Laminate Counters: Yes

Exterior Features

  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck
  • Property Condition: Updated/Remodeled
  • Construction Materials:Vinyl Siding: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Deck: Yes
  • Construction Materials:Brick: Yes
  • Window Features:Drapes: Yes
  • Window Features:Screens: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking Features:Parking Total2: 1

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Laundry
  • Association Fee: 177.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Location Property Info:AssociationYN: Yes
  • Association Fee Includes:Trash: Yes
  • Location Property Info:Association Fee Amount: 177.0
  • Location Property Info:Association Fee Frequency: Monthly
  • Association Fee Includes:Common Area: Yes
  • Association Fee Includes:Other4: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Maintenance Structure: Yes
  • Association Fee Includes:Snow Removal: Yes
  • Association Amenities:Laundry: Yes

Fee Information

  • Association Fee Includes: Common Area, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Other

Schools

  • Junior High Dist: Elida

Lot Info

  • Parcel #: 36-2201-02-012.114
  • Zoning Description: Multi-Family

Tax Info

  • Tax Annual Amount: 660.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2025
Closed on
Feb 5, 2025
Sold by
Casey Crystal
Bought by
Holtsberry Mathew
Seller's Agent
Crystal Casey
Berkshire Hathaway Professional Realty
Buyer's Agent
ANGIE CLARK
Berkshire Hathaway Professional Realty
List Price
$88,500
Sold Price
$82,000
Premium/Discount to List
-$6,500
-7.34%
Views
20
Current Estimated Value
$84,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,193
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Nov 14, 2022
Sold by
Full Circle Real Estate Llc
Bought by
Casey Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2021
Sold by
Bendy Properties Llc
Bought by
Full Circle Real Estate Llc

Purchase Details

Closed on
May 3, 2019
Sold by
Infinity Property Group Llc
Bought by
Bendy Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 20, 2017
Sold by
Barker Paul A
Bought by
Infinity Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
4.21%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 3, 2002
Sold by
Harris Jonathan
Bought by
Barker Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,400
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2000
Sold by
Francis Shane P
Bought by
Harris Vicki L and Harris Jonathon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
8.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 1999
Sold by
Peters Elizabeth
Bought by
Francis Shane and Francis Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1987
Bought by
Peters Elizabeth J
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $82,000 None Listed On Document
Warranty Deed $74,900 --
Warranty Deed $260,000 None Available
Warranty Deed $91,500 None Available
Warranty Deed $30,000 None Available
Deed $33,000 --
Deed $43,000 --
Deed $36,000 --
Deed $27,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $55,500 New Conventional
Previous Owner $54,000 Future Advance Clause Open End Mortgage
Previous Owner $115,200 Future Advance Clause Open End Mortgage
Previous Owner $26,400 New Conventional
Previous Owner $33,000 New Conventional
Previous Owner $28,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Sold $82,000 -7.3% $100 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
01/11/2025 01/11/25 For Sale $88,500 -- $108 / 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 $836 $18,620 $2,940 $15,680
2023 $655 $12,850 $2,030 $10,820
2022 $668 $12,850 $2,030 $10,820
2021 $669 $12,850 $2,030 $10,820
2020 $546 $9,770 $2,030 $7,740
2019 $546 $9,770 $2,030 $7,740
2018 $546 $9,770 $2,030 $7,740
2017 $532 $9,770 $2,030 $7,740
2016 $528 $9,770 $2,030 $7,740
2015 $531 $9,770 $2,030 $7,740
2014 $558 $10,020 $1,860 $8,160
2013 $508 $10,020 $1,860 $8,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 306011

APN: 36-22-01-02-012.114