NOT LISTED FOR SALE

575 S Lincoln Ave Salem, OH 44460

Estimated Value: $222,000 - $329,000

4 Beds
2.5 Baths
3,042 Sq Ft
$85/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $162,000 $53 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,708/month

347 Days on Market

Highlights

  • 2 Fireplaces
  • Heating System Uses Steam
  • East Facing Home
  • 2 Car Detached Garage

About This Home

As of March 2021

Absolutely stunning historical masterpiece built in 1840 by Zadok Street, founder of Salem, perfectly located in the heart of historical Salem. Close proximity to downtown restaurants and shops as well as library, stadium and parks. This 3,000+ square foot masterpiece that boasts the unique distinction of once being part of the Underground Railroad and current member of the South Lincoln Historical Society. The magnificent combinations of original craftsmanship and modern updates in this home are breathtaking and need to be seen to be fully appreciated. For example, most older homes lack adequate storage space however, the closet space in these large, spacious bedrooms is a great update feature. In 2013, the large kitchen was taken down to the studs and completely remodeled and updated. That same year, new tile, new carpeting and fresh interior painting was done throughout the home. The formal dining room holds some of the historic beauty with exquisite original hardwood floors as well as one of the homes two must see marble fireplaces. The winding staircase to the second floor is a stunning backdrop for all your family photos opportunities and holiday decorating. The exterior of the home was painted in 2016 and the electric was updated in 2015. In summary, this home, that comes complete with a one year home warranty, is a must see. If you are searching for a forever family home that literally checks off ALL the boxes, please call today for a private showing.

Last Agent to Sell the Property

Kelly Warren

Kelly Warren and Associates RE Solutions License #2018003552 Listed on: 02/14/2020

Last Buyer's Agent

Paulette Williams

HomeSmart Real Estate Momentum LLC License #2014000072

HomeSmart Real Estate Momentum LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,460

Year Built

  • Built in 1840

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 75 x 220
  • East Facing Home
  • Vinyl Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,042 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • Zadok Community

Listing and Financial Details

  • Assessor Parcel Number 5101984000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,460

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • House Faces: East
  • Price Per Square Foot: 53.25
  • Estimated Price per Sq Ft: 53.25
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3042
  • Year Built: 1840
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1840

Interior Features

  • Appliances Equipment: Dishwasher, Garbage Disposal, Microwave, Range, Refrigerator
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Room Count: 11
  • Basement Detail: Partial
  • Laundry On Main: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 3042.00
  • Sq Ft Approx Total Finished: 3042.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Fences: Vinyl/Plastic
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Zadok

Schools

  • School District: Salem CSD
  • School District: Salem CSD

Lot Info

  • Lot Dimensions: 75 x 220
  • Lot Size Units: Acres
  • Acres: 0.3799
  • Parcel Number: 5101984000

Tax Info

  • Tax: 2460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 11, 2021
Sold by
Theiss Shawn M and Theiss Rachel
Bought by
Wallace Benjamin
Seller's Agent
Kelly Warren
Kelly Warren and Associates RE Solutions
Buyer's Agent
Paulette Williams
HomeSmart Real Estate Momentum LLC
List Price
$185,900
Sold Price
$162,000
Premium/Discount to List
-$23,900
-12.86%
Total Days on Market
347
Current Estimated Value
$258,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,984
Avg. Annual Appreciation
11.62%
Original Mortgage
$159,065
Outstanding Balance
$144,201
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$114,023

Purchase Details

Listed on
Sep 13, 2012
Closed on
Dec 10, 2012
Sold by
Fannie Mae
Bought by
Theiss Shawn M
Seller's Agent
Martin Yeany
Deleted Agent
Buyer's Agent
Martin Yeany
Deleted Agent
List Price
$105,000
Sold Price
$65,900
Premium/Discount to List
-$39,100
-37.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$97,762
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2012
Sold by
Smith Gary F and Smith Bonnie L
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Jun 10, 2002
Sold by
Bethel James R and Bethel Linda B
Bought by
Smith Gary F and Smith Bonnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.95%

Purchase Details

Closed on
Oct 23, 2000
Sold by
Keen Michael S and Keen Linda M
Bought by
Bethel James R and Bethel Linda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.9%
Source: Public Records

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Range of Values:

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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
Wallace Benjamin $162,000 None Available
Theiss Shawn M $65,900 Ohio Title Corp
Fannie Mae $147,000 Attorney
Smith Gary F $245,000 --
Bethel James R $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Benjamin $18,327
Closed Wallace Benjamin $22,594
Open Wallace Benjamin $159,065
Previous Owner Theiss Shawn M $97,762
Previous Owner Smith Gary F $196,000
Previous Owner Bethel James B $18,500
Previous Owner Bethel James R $148,000
Previous Owner Bethel James R $92,000
Closed Bethel James R $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $162,000 -4.7% $53 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
10/20/2020 10/20/20 Price Changed $170,000 -8.6% $56 / Sq Ft
10/02/2020 10/02/20 For Sale $185,900 0.0% $61 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
07/29/2020 07/29/20 Price Changed $185,900 -1.1% $61 / Sq Ft
06/03/2020 06/03/20 Price Changed $188,000 -1.1% $62 / Sq Ft
02/14/2020 02/14/20 For Sale $190,000 +188.3% $62 / Sq Ft
02/05/2013 02/05/13 Sold $65,900 -37.2% $25 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $105,000 -- $39 / Sq Ft
Source: MLS Now

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 $3,053 $77,810 $15,580 $62,230
2023 $3,061 $77,810 $15,580 $62,230
2022 $2,832 $77,810 $15,580 $62,230
2021 $2,564 $66,010 $16,310 $49,700
2020 $2,585 $66,010 $16,310 $49,700
2019 $2,585 $66,010 $16,310 $49,700
2018 $2,460 $60,030 $14,840 $45,190
2017 $2,368 $60,030 $14,840 $45,190
2016 $2,348 $37,350 $27,930 $9,420
2015 $1,525 $37,350 $27,930 $9,420
2014 $1,543 $37,350 $27,930 $9,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4168654

MLS Now

APN: 5101984000