NOT LISTED FOR SALE

616 N Elizabeth St Lima, OH 45801

Estimated Value: $80,000 - $109,177

3 Beds
2 Baths
1,826 Sq Ft
$50/Sq Ft Est. Value

Last Sold May 21, 2019

Last sale price $52,500 $29 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $586/month

47 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • Hot Water Heating System
  • Window Unit Cooling System

About This Home

As of May 2019

INVESTORS: Check this already occupied rental out!
Upper Unit: 1BR 1 BA with a large bonus room that could be a 2nd BR. NEW furnace and H2O tank in 2018. Front and Rear entrances. Current Lease is up in November.

Lower Unit: 2BR 1 BA Washer / Dryer hookup. NEW furnace and H20 tank in 2018, Front and Rear Entrances. Current lease ends in June, but renter will likely renew.

2 Car Detached Garage. Bottom Unit currently rents both spots.

Seller is open to doing a combined purchase for this address as well as 939 N West St.

Last Listed By

Amanda Howard

RealtyOhio Real Estate Listed on: 03/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1920

Lot Details

  • 9,104

Parking

  • Detached Garage

Home Design

  • Duplex
  • Vinyl Siding

Laundry

  • Washer and Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 37-3010-09-020.000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $124
  • Water Sewer Expense $1,260
  • Operating Expense $2,415
  • Gross Income $12,276
  • Net Operating Income $9,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,031

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2018
  • Property Sub-Type: Duplex
  • Total Gross Income: 12276.0
  • Co List Office Phone: 614-885-0156
  • MLS Status: Closed
  • Income Expenses Gross Income: 12276.0
  • Annual Expenses: 2414.6
  • Heat Fuel Gas4: Yes
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Utilities

  • Heating: Forced Air, Hot Water
  • Cooling Y N: Yes
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes
  • Heating:Hot Water: Yes

Fee Information

  • Annual Water Sewer Expense: 1260.0

Schools

  • Junior High Dist: LIMA CSD 206 ALL CO.

Lot Info

  • Parcel Number: 37-3010-09-020.000
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 124.0
  • Net Operating Income: 9861.4
  • Annual Operating Expense: 2414.6

Tax Info

  • Tax Annual Amount: 1030.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Burke Mark Vincent
Bought by
Elizabeth Reed Realty Llc
Total Days on Market
47
Current Estimated Value
$91,544

Purchase Details

Closed on
Sep 3, 2021
Sold by
Smith Michael J
Bought by
Burke Mark Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2019
Closed on
May 21, 2019
Sold by
Aej Elite Properties Llc
Bought by
Smith Michael J
Seller's Agent
Amanda Howard
RealtyOhio Real Estate
Buyer's Agent
Amanda Howard
Coldwell Banker Realty
List Price
$73,500
Sold Price
$52,500
Premium/Discount to List
-$21,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2018
Sold by
Lamb Frederick A and Lamb Gina R
Bought by
Aej Elite Properties Llc

Purchase Details

Closed on
Jun 24, 1992
Bought by
Lamb Frederick A and Lamb Gina R

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Elizabeth Reed Realty Llc -- None Available
Burke Mark Vincent $148,000 None Available
Smith Michael J $105,000 None Available
Aej Elite Properties Llc $45,000 None Available
Lamb Frederick A $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Mark Vincent $55,500
Previous Owner Smith Michael J $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $52,500 -24.9% $29 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/11/2019 04/11/19 Price Changed $69,900 -4.9% $38 / Sq Ft
03/16/2019 03/16/19 For Sale $73,500 -- $40 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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
2023 $946 $21,980 $2,730 $19,250
2022 $951 $21,980 $2,730 $19,250
2021 $1,008 $21,980 $2,730 $19,250
2020 $1,042 $20,170 $2,630 $17,540
2019 $1,042 $20,170 $2,630 $17,540
2018 $1,031 $20,170 $2,630 $17,540
2017 $1,046 $20,170 $2,630 $17,540
2016 $1,059 $20,170 $2,630 $17,540
2015 $1,106 $20,170 $2,630 $17,540
2014 $1,106 $20,760 $2,590 $18,170
2013 $1,077 $20,760 $2,590 $18,170
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Amanda Howard

    RealtyOhio Real Estate

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 219007670

Columbus and Central Ohio Regional MLS

APN: 37-30-10-09-020.000

Ohio Allen County Lima 45801

616 N Elizabeth St, Lima, OH

Homes for Sale in Lima, OH

This home is located at 616 N Elizabeth St, Lima, OH 45801 since 16 March 2019 and is currently estimated at $91,544, approximately $50 per square foot. This property was built in 1920. 616 N Elizabeth St is a home located in Allen County with nearby schools including Independence 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.

Columbus and Central Ohio Regional MLS 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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