$94,578
$5K PRICE DROP

551 Spencer St Toledo, OH 43609

Southside Neighborhood

Estimated payment $526/month

Total Views 3,578
3 Beds
1 Bath
1,243 Sq Ft
$76 Price per Sq Ft

About This Home

This property is being sold as part of an 82-unit portfolio. In place cap is 8.0%, pro forma cap is ~10.5%, NOI is $541K, 95.1% occupancy. Portfolio asking price is $6.76M. See attachment for list of all addresses. The 82-unit portfolio can also be acquired in one of five suggested sub-portfolios. The sub-portfolio including this property contains 1413 Colburn, 1537 Remington, 1840 Talbot, 1912 Greenwood, 2074 Price, 26 Magyar, 3256 Jeannette, 4228 N. Lockwood, 4321 Burnham, 4345 Burnham, 440 Somerset, 551 Spencer, 560 Williamsville, 615 Cuthbert, and 729 Lodge for $1.56M.

Listing Agent

Matt Strehl

Rylan Realty Group Ltd License #2025003198 Listed on: 09/25/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1913

Lot Details

  • 3,302 Sq Ft Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,243 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Alley Access
  • Driveway

Schools

  • Marshall Stemm Academy Elementary School
  • None Middle School
  • Waite High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 15-40701

Home Details

Home Type

Single Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1913
  • Lot Size Acres: 0.0758
  • Lot Size: 3,300
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • RoomKey: 20251114161812410091000000
  • Special Features: None

Interior Features

  • Fireplace: No
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1243.0
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Property Disclosure, Lead Based Paint Disclosure
  • Common Walls: No Common Walls
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Alley Access, Driveway, None

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Sanitary Sewer
  • Appliances: Water Heater
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Toledo
  • Middle Or Junior School: None

Lot Info

  • Lot Size Sq Ft: 3302.0
  • Parcel #: 15-40701

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Marshall Stemm Academy
  • HighSchool: Waite

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $347 $9,310 $1,400 $7,910
2023 $546 $6,545 $1,225 $5,320
2022 $544 $6,545 $1,225 $5,320
2021 $529 $6,545 $1,225 $5,320
2020 $529 $5,460 $1,015 $4,445
2019 $506 $5,460 $1,015 $4,445
2018 $491 $5,460 $1,015 $4,445
2017 $518 $5,145 $1,505 $3,640
2016 $503 $14,700 $4,300 $10,400
2015 $476 $14,700 $4,300 $10,400
2014 $333 $5,150 $1,510 $3,640
2013 $333 $5,150 $1,510 $3,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2025 11/09/25 Price Changed $94,578 -4.9% $76 / Sq Ft
09/25/2025 09/25/25 For Sale $99,500 +111.9% $80 / Sq Ft
07/21/2023 07/21/23 Sold $46,964 +87.9% $38 / Sq Ft View Prior Sale
03/17/2023 03/17/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $25,000 +70.6% $20 / Sq Ft
04/23/2012 04/23/12 Sold $14,650 +23.3% $12 / Sq Ft View Prior Sale
03/22/2012 03/22/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $11,880 -- $10 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,315,000 None Listed On Document
Limited Warranty Deed $14,700 None Available
Sheriffs Deed $38,190 None Available
Survivorship Deed $72,800 Louisville Title Agency For
Deed $16,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,685,000 No Value Available
Previous Owner $72,229 FHA
Source: Public Records

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6136372

Northwest Ohio Real Estate Information Service (NORIS)

APN: 15-40701

Ohio Lucas County Toledo 43609 Southside

551 Spencer St, Toledo, OH

For Sale

Detached

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Nearby Homes
Listing Agent
Matt Strehl
Rylan Realty Group Ltd