NOT LISTED FOR SALE

501 Prospect Ave Lima, OH 45804

Estimated Value: $29,000 - $142,000

3 Beds
2 Baths
1,800 Sq Ft
$44/Sq Ft Est. Value

About This Home

Property Id: 1251991

Welcome to this stunning 3 bedroom, 2 bathroom single family home located at 501 Prospect Ave in Lima, OH. This property boasts modern amenities including oven, refrigerator, washer, dryer, and central A/C. Enjoy the convenience of carpet, linoleum/vinyl, and tile flooring throughout. With a garage and on-site laundry, this home is perfect for comfortable living. Available for rent starting November 1st, 2024 at $1200/month. No smoking or pets allowed. Don't miss out on this amazing opportunity!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2019
Sold by
Bryant Latoya and Ellis Latoya
Bought by
705 721 Fairview Llc
Current Estimated Value
$78,520

Purchase Details

Closed on
Mar 17, 2006
Sold by
Inner City Rehab Inc
Bought by
Ellis Latoya

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
9.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2002
Sold by
Bostain Derinda L
Bought by
Centex Home Equity Corp

Purchase Details

Closed on
Jun 3, 1998
Sold by
Truman Sondra
Bought by
Bostain Derinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,950
Interest Rate
7.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 20, 1998
Sold by
Compton Larry
Bought by
Truman Sondra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,950
Interest Rate
7.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 20, 1989
Bought by
Compton Larry Joe
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
705 721 Fairview Llc $5,000 None Available
Ellis Latoya $9,333 None Available
Centex Home Equity Corp $20,000 --
Bostain Derinda $43,000 --
Truman Sondra $27,000 --
Compton Larry Joe $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Latoya $54,000
Previous Owner Bostain Derinda $27,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Off Market $1,200 -- --
11/21/2024 11/21/24 For Rent $1,200 0.0% --
11/01/2024 11/01/24 For Rent $1,200 -- --

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 $648 $16,590 $980 $15,610
2023 $701 $15,830 $950 $14,880
2022 $703 $15,830 $950 $14,880
2021 $745 $15,830 $950 $14,880
2020 $767 $14,500 $950 $13,550
2019 $767 $14,500 $950 $13,550
2018 $759 $14,500 $950 $13,550
2017 $770 $14,500 $950 $13,550
2016 $780 $14,500 $950 $13,550
2015 $796 $14,500 $950 $13,550
2014 $744 $13,550 $1,020 $12,530
2013 $725 $13,550 $1,020 $12,530
Source: Public Records

Map

Ohio Allen County Lima 45804

501 Prospect Ave, Lima, OH

This home is located at 501 Prospect Ave, Lima, OH 45804 and is currently estimated at $78,520, approximately $43 per square foot. 501 Prospect Ave is a home located in Allen County with nearby schools including Freedom Elementary School, Lima North Middle School, and Lima West Middle School.

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