NOT LISTED FOR SALE

555 Prospect Ave Lima, OH 45804

Estimated Value: $41,000 - $84,000

3 Beds
1 Bath
1,250 Sq Ft
$55/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $24,443 $20 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $402/month

195 Days on Market

About This Home

As of March 2022

Investment Opportunity or New Home! Well managed single family home. Leased month-to-month. NO SIGN. Please do not disturb tenants. Make offers contingent upon viewing property. Seller will sell with current tenant in place or will have the property vacated prior to closing-buyer's choice. Showings only following accepted offer to purchase. Basement may have slight seepage in heavy rain. Room sizes are approximations and should be verified by the purchaser. Current rent is $525/month

Last Agent to Sell the Property

Tim Stanford

Superior Plus Realtors License #0000331263 Listed on: 06/23/2021

Last Buyer's Agent

Eric Schomber

Exp Realty License #2020007677

Exp Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 43x150

Interior Spaces

  • 1,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 37-3112-02-017.000

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 43x150
  • Unit Levels: Two
  • Year Built: 1900
  • 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_: 37-3112-02-017.000
  • Tax Info:Tax Annual Amount: 709.8
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling:None4: Yes
  • General Property Info:Lot Size Dimensions: 43x150
  • Levels:Two2: Yes
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Construction Type: Other
  • Foundation Details: Other
  • Construction Materials:Other5: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • Parking Features:None5: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • 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 #: 37-3112-02-017.000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 709.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2025
Sold by
Lima Ohio Investment Group Llc
Bought by
Sk & Dd Enterprises Llc
Current Estimated Value
$68,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 23, 2021
Closed on
Mar 21, 2022
Sold by
Lepiota Rentals Ltd
Bought by
Lima Ohio Investment Group Llc
Seller's Agent
Tim Stanford
Superior Plus Realtors
Buyer's Agent
Eric Schomber
Exp Realty
List Price
$49,900
Sold Price
$24,443
Premium/Discount to List
-$25,457
-51.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.67%
Original Mortgage
$1,875,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2005
Sold by
Drummelsmith Eugene R
Bought by
Lepiota Rentals Ltd

Purchase Details

Closed on
May 8, 1995
Sold by
Hoke Dale
Bought by
Drummelsmith Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,575
Interest Rate
8.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 1993
Sold by
Biederman Eugene
Bought by
Hoke Dale E and Hoke Bonnie B

Purchase Details

Closed on
Jan 1, 1990
Bought by
Biederman Eugene
Source: Public Records

Range of Values:

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

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
Sk & Dd Enterprises Llc $180,000 None Listed On Document
Lima Ohio Investment Group Llc $224,000 None Listed On Document
Lepiota Rentals Ltd $24,000 None Available
Drummelsmith Eugene $32,250 --
Hoke Dale E $29,000 --
Biederman Eugene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sk & Dd Enterprises Llc $378,000
Previous Owner Lima Ohio Investment Group Llc $1,875,000
Previous Owner Drummelsmith Eugene $22,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2022 03/22/22 Sold $24,443 -51.0% $20 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
06/23/2021 06/23/21 For Sale $49,900 -- $40 / 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 $504 $12,460 $1,050 $11,410
2023 $594 $11,870 $1,020 $10,850
2022 $595 $11,870 $1,020 $10,850
2021 $575 $11,870 $1,020 $10,850
2020 $711 $13,340 $980 $12,360
2019 $711 $13,340 $980 $12,360
2018 $708 $13,340 $980 $12,360
2017 $713 $13,340 $980 $12,360
2016 $723 $13,340 $980 $12,360
2015 $766 $13,340 $980 $12,360
2014 $766 $14,000 $1,050 $12,950
2013 $747 $14,000 $1,050 $12,950
Source: Public Records

Agents Affiliated with this Home

  • Tim Stanford

    Seller's Agent in 2022

    Tim Stanford

    Superior Plus Realtors

    (419) 230-2421

    183 Total Sales

    Tim Stanford
    Section Image
  • Eric Schomber

    Buyer's Agent in 2022

    Eric Schomber

    Exp Realty

    (866) 212-4991

    233 Total Sales

    Eric Schomber
    Section Image
See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 205454

APN: 37-31-12-02-017.000

Ohio Allen County Lima 45804

555 Prospect Ave, Lima, OH

Not Listed for Sale

Detached

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