532 Michael Ave Lima, OH 45804
Fifth Ward NeighborhoodEstimated payment $891/month
Total Views
5,199
3
Beds
1
Bath
1,436
Sq Ft
$108
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
Key Realty Brokerage Email: 8775397589, dan.amaro@keysoldgroup.com License #2021008884 Listed on: 04/29/2025
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
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
Similar Homes in Lima, OH
Source: Mansfield Association of REALTORS®
MLS Number: 9066770
APN: 47-06-08-06-030.000
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