NOT LISTED FOR SALE

505 Prospect Ave Lima, OH 45804

Estimated Value: $68,333

2 Beds
1 Bath
1,468 Sq Ft
$47/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $70,000 $48 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $417/month

77 Days on Market

Highlights

  • No HOA
  • Enclosed patio or porch
  • Carpet
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2020

Main floor bedroom and bath. Breaker box 2017. Some new windows. Property may be purchased as package with 524 Prospect Ave. for $69,000. Firm

Last Listed By

BELINDA TRUESDALE

Superior Plus Realtors License #0000392807 Listed on: 06/16/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $668

Year Built

  • Built in 1912

Lot Details

  • 6,011

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation

Interior Spaces

  • 1,468 Sq Ft Home
  • 1.5-Story Property

Kitchen

  • Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Enclosed patio or porch
  • Lot Dimensions are 40x150

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 37-3112-02-009.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$668

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 40x150
  • Directions: E. Elm, then south on Prospect
  • Unit Levels: One and One Half
  • Year Built: 1912
  • 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_: 37-3112-02-009.000
  • Tax Info:Tax Annual Amount: 668.3
  • Appliances Microwave: Yes
  • Cooling:Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Foundation:Block2: Yes
  • General Property Info:Lot Size Dimensions: 40x150
  • Levels:One and One Half: Yes
  • Utilities:Cable Available: Yes
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Microwave
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances:Electric Water Heater: Yes
  • Kitchen Features:Wood Cabinets: Yes
  • Kitchen Features:Laminate Counters: Yes

Exterior Features

  • Lot Features: Shaded Lot
  • Construction Type: See Remarks
  • Foundation Details: Block
  • Other Structures: Garage(s)
  • Patio And Porch Features: Enclosed, Porch
  • Patio Porch Features:Enclosed: Yes
  • Patio Porch Features:Porch: Yes
  • Construction Materials:See Remarks9: Yes
  • Lot Features:Shaded Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached
  • Total Parking Spaces: 1.0
  • Parking Features:Parking Total2: 1
  • Parking Features:Detached: Yes
  • Other Structures:Garage(s): Yes

Utilities

  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • 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 #: 37-3112-02-009.000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 668.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Sep 11, 2020
Sold by
Cox Jeffrey L and Cox Tamara L
Bought by
Aeb Holdings Llc
Seller's Agent
BELINDA TRUESDALE
Superior Plus Realtors
Buyer's Agent
Jeff Dulmage
Hartsock Realty
List Price
$35,500
Sold Price
$70,000
Premium/Discount to List
$34,500
97.18%
Total Days on Market
77
Current Estimated Value
$68,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,667
Avg. Annual Appreciation
-6.67%
Original Mortgage
$52,500
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 13, 2015
Sold by
Raines Carl B
Bought by
Cox Jeffrey L and Cox Tamara L

Purchase Details

Closed on
Mar 17, 2015
Sold by
Raines Carl B and Ellis Steven C
Bought by
Raines Carl B

Purchase Details

Closed on
Jan 17, 2006
Sold by
Campbell Robert D and Campbell Cheryl S
Bought by
Rccc Ltd

Purchase Details

Closed on
May 13, 1998
Sold by
Trodeau Cynthia
Bought by
Raines Carl and Ellis Steven

Purchase Details

Closed on
Jul 13, 1988
Bought by
Rockey Richard L

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Lima, OH

  • 610 Linden St, Lima, OH 45804

    $65,000

    • 2 Beds
    • 1 Bath
    • 2,065 Sq Ft
    • 610 Linden St
    • Lima, OH

    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: 1920 Roschman Ave, Lima, OH 45804 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 —

    Daniel Amaro Key Realty

    Section Image
  • 514 Fairview Ave, Lima, OH 45804

    $85,000

    • 2 Beds
    • 1 Bath
    • 905 Sq Ft
    • 514 Fairview Ave
    • Lima, OH

    New to the market. And updated 2 bedroom. All new flooring, windows, light fixtures, cupboards, countertops, wiring and plumbing. Great for a starter home or and investment property.

    Robbin Clay CCR Realtors

    Section Image
  • 673 S West St, Lima, OH 45804

    $70,400

    • 2 Beds
    • 1 Bath
    • 829 Sq Ft
    • 673 S West St
    • Lima, OH

    This 2-bedroom, 1-bath home features a covered porch, vinyl siding, and is located in Lima City Schools district. With a little TLC, this home has great potential—whether you're looking for a personal residence or an investment opportunity!Bonus Opportunity! This property can also be purchased as part of the 15-unit real estate package currently for sale.Don't miss

    Shaun Richardson EXP Realty-Dublin

    Section Image
  • 517 S Atlantic Ave, Lima, OH 45804

    $79,900

    • 4 Beds
    • 1 Bath
    • 1,512 Sq Ft
    • 517 S Atlantic Ave
    • Lima, OH

    This newly remodeled home has an updated kitchen with new flooring. This home offers 4 bed 1 full bathroom. located in the bustling city of lima. Come check out these new features today!

    Alan OH eXp Realty

    Section Image
  • 814 Hope St, Lima, OH 45804

    $57,200

    • 2 Beds
    • 1 Bath
    • 824 Sq Ft
    • 814 Hope St
    • Lima, OH

    Charming 2-Bed, 1-Bath Ranch at 814 Hope StThis cute 2-bedroom, 1-bath ranch features some updated flooring, low-maintenance vinyl siding, and a covered porch perfect for relaxing. Whether you're looking for an investment property or a cozy place to call home, this one has great potential! Bonus Opportunity! This unit can also be purchased as part of the

    Shaun Richardson EXP Realty-Dublin

    Section Image
  • 725 W Elm St, Lima, OH 45801

    $79,900

    • 3 Beds
    • 1 Bath
    • 1,766 Sq Ft
    • 725 W Elm St
    • Lima, OH

    This large home on an expansive property has so much potential, but is in need of a new owner to rehab. Open rooms downstairs with fireplace, pocket doors and window seat.. 3 upstairs bedrooms with hardwood floors and large closets.

    Sarah Rhinesmith Schrader Realty

    Section Image
  • 411 S Collett St, Lima, OH 45805

    $55,000

    • 3 Beds
    • 1.5 Baths
    • 1,474 Sq Ft
    • 411 S Collett St
    • Lima, OH

    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: 1920 Roschman Ave, Lima, OH 45804 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 —

    Tyler Miller Key Realty

    Section Image
  • 605 N Metcalf St, Lima, OH 45801

    $55,000

    • 3 Beds
    • 1.5 Baths
    • 1,192 Sq Ft
    • 605 N Metcalf St
    • Lima, OH

    The 1/2 bath in basement, condition unknown. Water heater new in 2020, front storm door new 2024, some carpet 2025, some replacement windows, electrical panel replaced Dec 2024Lima Property Maint Assessment (07 & 08) $25.50 each, per half and Lima Storm Water Assessment $34.27 each per half.

    Judy Dickman Superior Plus Realtors

    Section Image
  • 510 Cortlandt Ave, Lima, OH 45801

    $79,900

    • 2 Beds
    • 1 Bath
    • 768 Sq Ft
    • 510 Cortlandt Ave
    • Lima, OH

    This affordable, updated home is ready for a new owner. Home was just painted , plus new carpet and flooring as well. Seller will provide new appliances, as well as make reasonable fha or va repairs. Roof allowance of $2500. Get with your favorite agent for a private showing!

    Eric Schomber EXP Realty-Dublin

    Section Image
See All Homes in Lima

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
Aeb Holdings Llc $70,000 None Available
Cox Jeffrey L $5,000 None Available
Rccc Ltd -- None Available
Raines Carl $21,500 --
Rockey Richard L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aeb Holdings Llc $140,000
Open Aeb Holdings Llc $204,563
Closed Aeb Holdings Llc $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $70,000 +97.2% $48 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $35,500 -- $24 / 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 $452 $10,990 $980 $10,010
2023 $487 $10,470 $950 $9,520
2022 $488 $10,470 $950 $9,520
2021 $515 $10,470 $950 $9,520
2020 $668 $12,460 $910 $11,550
2019 $668 $12,460 $910 $11,550
2018 $666 $12,460 $910 $11,550
2017 $671 $12,460 $910 $11,550
2016 $680 $12,460 $910 $11,550
2015 $696 $12,460 $910 $11,550
2014 $696 $12,950 $980 $11,970
2013 $678 $12,950 $980 $11,970
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    BELINDA TRUESDALE

    Superior Plus Realtors

    (419) 234-7846

    30 Total Sales

    Section Image
  • Jeff Dulmage

    Buyer's Agent in 2020

    Jeff Dulmage

    Hartsock Realty

    (419) 204-4668

    156 Total Sales

    Jeff Dulmage
    Section Image
See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 201868

APN: 37-31-12-02-009.000

Ohio Allen County Lima 45804

505 Prospect Ave, Lima, OH

Homes for Sale in Lima, OH

This home is located at 505 Prospect Ave, Lima, OH 45804 since 16 June 2020 and is currently priced at $68,333, approximately $46 per square foot. This property was built in 1912. 505 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes