$59,000
$9K PRICE INCREASE

532 Michael Ave Lima, OH 45804

Fifth Ward Neighborhood

Estimated payment $347/month

Total Views 7,043
3 Beds
1 Bath
1,436 Sq Ft
$41 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • Entrance Foyer
  • Paddle Fans
  • Living Room
  • Baseboard Heating
  • 3-minute walk to Cook Park

About This Home

This vacant 3-bedroom, 1-bath single-family home offers approximately 1,436 sq ft of living space and strong cash flow potential. With an estimated market rent of $1,177 per month based on local comparables, the property provides an immediate income opportunity for investors. The home includes off-street parking and a practical layout suited for long-term tenants. Conveniently located near schools, parks, shopping, and major roadways, it offers solid rental appeal and accessibility. Whether you're expanding your portfolio or entering the Lima market, this property presents dependable value with room for growth.

Listing Agent

Daniel Amaro

Key Realty Brokerage Email: 8775397589, dan.amaro@keysoldgroup.com License #2021008884 Listed on: 04/29/2025

Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $414

Year Built

  • Built in 1920

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,436 Sq Ft Home
  • 2-Story Property
  • Paddle Fans
  • Entrance Foyer
  • Living Room
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • No Garage
  • Open Parking

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • 7,518 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 47060806030.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$414

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.201
  • Road Surface Type: Paved
  • Directions: turn right off of s pine st, house is on the right
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Structure Type: Onsite Built
  • Year Built: 1920
  • Kitchen Level: Main
  • Attribution Contact: 8775397589, dan.amaro@keysoldgroup.com
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Paddle Fans, Entrance Foyer, Living Room
  • Living Area: 1436
  • Main Level Bedrooms: 3
  • Room Bedroom2 Level: Main
  • Living Room Living Room Level: Main
  • Room Family Room Level: Main
  • Room Bedroom3 Area: 144
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 100
  • Room Living Room Area: 168
  • Room Bedroom3 Level: Main
  • Room Kitchen Area: 144
  • Dining Room Dining Room Level: Main
  • Master Bedroom Master Bedroom Width: 14
  • Room Master Bedroom Area: 168
  • Room Dining Room Area: 144
  • Room Family Room Area: 144

Exterior Features

  • Lot Features: City Lot
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Gravel, No Garage

Utilities

  • Laundry Features: Other
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Lima

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7518
  • Farm Land Area Units: Square Feet
  • Parcel #: 47060806030.000

Tax Info

  • Tax Annual Amount: 414.2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $377 $8,820 $1,260 $7,560
2023 $557 $8,400 $1,190 $7,210
2022 $506 $8,400 $1,190 $7,210
2021 $426 $8,400 $1,190 $7,210
2020 $438 $7,700 $1,190 $6,510
2019 $438 $7,700 $1,190 $6,510
2018 $436 $7,700 $1,190 $6,510
2017 $439 $7,700 $1,190 $6,510
2016 $446 $7,700 $1,190 $6,510
2015 $547 $7,700 $1,190 $6,510
2014 $547 $9,630 $1,260 $8,370
2013 $533 $9,630 $1,260 $8,370
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $59,000 -61.9% $41 / Sq Ft
07/09/2025 07/09/25 Price Changed $155,000 +287.5% $108 / Sq Ft
05/20/2025 05/20/25 Price Changed $40,000 -20.0% $28 / Sq Ft
04/29/2025 04/29/25 For Sale $50,000 -- $35 / Sq Ft
Source: Mansfield Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $134,211 --
Warranty Deed $134,300 None Available
Warranty Deed $8,000 None Available
Quit Claim Deed -- None Available
Certificate Of Transfer -- None Available
Deed $12,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Open $246,750 Credit Line Revolving
Closed -- No Value Available
Open $975,000 Construction
Source: Public Records

Source: Mansfield Association of REALTORS®

MLS Number: 9066770

Mansfield Association of REALTORS®

APN: 47-06-08-06-030.000

Ohio Allen County Lima 45804 Fifth Ward

532 Michael Ave, Lima, OH

This home is located at 532 Michael Ave, Lima, OH 45804 and is currently priced at $59,000, approximately $41 per square foot. This property was built in 1920. 532 Michael 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.

Mansfield Association of REALTORS® 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.

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Listing Agent
Daniel Amaro
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Key Realty
(419) 749-6050