NOT LISTED FOR SALE

705 W Elm St Lima, OH 45801

Riverside North Neighborhood

Estimated Value: $105,000 - $148,000

5 Beds
2 Baths
2,673 Sq Ft
$44/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $85,000 $32 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $734/month

3 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Baseboard Heating

About This Home

As of April 2021

Attention investors - Lima duplex awaiting new ownership! First floor is 1496 sq ft, 3 bedrooms & 1 bath. Wash & dryer hookup in the basement. Gas forced air heat with central air. Spacious floor plan with hardwood flooring & updated bathroom. Current owner was receiving $750 rent. 2nd floor unit (705 1/2 W Elm St) is 1177 sq ft, 2 bedrooms & 1 bath. Wash & dryer hookup in kitchen area. Spacious rooms & updated bathroom. Electric baseboard heat with no central air for 2nd story unit. Current owner was receiving $600 rent. Open parking pad in rear of property for tenant parking. New roof & gutters 2020. Most windows in 2019. Each unit has a separate electrical panel. Come take a look and add this duplex to your investment portfolio. All reasonable offers will be considered. Cash or conventional financing only.,Roof replaced within 1-5 years

Last Agent to Sell the Property

Scott Weaver

Keller Williams Advisors Listed on: 03/24/2021

Last Buyer's Agent

Shaun Richardson

Exp Realty License #2016001186

Exp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,945

Year Built

  • Built in 1920

Lot Details

  • 8,832 Sq Ft Lot
  • Lot Dimensions are 48x184

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 5 Bedrooms
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Range

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • On-Site Maintenance

Listing and Financial Details

  • Tenant pays for gas, cooling, electricity, heating
  • The owner pays for grounds care
  • Assessor Parcel Number 36-3609-07-003.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,945

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 48x184
  • Directions: 705 W Elm St Lima OH 45801
  • Unit Levels: Two
  • Year Built: 1920
  • Location Property Info:Zoning2: Multi-Family
  • General Property Info:Lot Size Square Feet: 8832.0
  • General Property Info:FEMA Flood Zone YN: No
  • Tax Info:Parcel _pound_: 36-3609-07-003.000
  • Tax Info:Tax Annual Amount: 1944.94
  • Cooling:Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Foundation:Block2: Yes
  • General Property Info:Lot Size Dimensions: 48x184
  • General Property Info:Land Lease YN: No
  • Utilities:Cable Available: Yes
  • General Property Info:_pound_ Of Units Total: 2
  • Unit 1 Info Sq Ft: 1496
  • Levels:Two2: Yes
  • Unit 1 Info:Furnished YN: No
  • Unit 1 Features:Oven2: Yes
  • Unit 2 Info:Furnished YN2: No
  • Unit 2 Features:Oven3: Yes
  • Owner Pays:Grounds Care: Yes
  • Special Features: VirtualTour

Interior Features

  • Owner Pays: Grounds Care
  • Total Bedrooms: 5
  • Unit 1 Features:Range2: Yes
  • Unit 1 Features:Refrigerator2: Yes
  • Unit 2 Features:Range3: Yes
  • Unit 1 Features:Dryer Hookup: Yes
  • Unit 1 Features:Washer Hookup: Yes
  • Unit 2 Features:Dryer Hookup2: Yes
  • Unit 2 Features:Washer Hookup2: Yes

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Block
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Separate Meters
  • Cooling Y N: Yes
  • Heating: Forced Air, Baseboard, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8832.0
  • Parcel #: 36-3609-07-003.000
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Cooling, Electricity, Heating

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1944.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 8, 2021
Sold by
Kelly Melisa J and Stuber Melisa J
Bought by
Aja Rentals Llc
Seller's Agent
Scott Weaver
Keller Williams Advisors
Buyer's Agent
Shaun Richardson
Exp Realty
List Price
$70,000
Sold Price
$85,000
Premium/Discount to List
$15,000
21.43%
Current Estimated Value
$117,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,519
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Apr 18, 2012
Sold by
Frueh Michael P
Bought by
Stuber Melissa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 15, 2008
Sold by
Backs Anthony L and Backs Judith A
Bought by
Frueh Michael P and Stuber Melissa J

Purchase Details

Closed on
Mar 10, 1995
Sold by
Northwest Ohio Prison Mi
Bought by
Knight Fred and Knight Patricia

Purchase Details

Closed on
Oct 23, 1992
Bought by
Northwest Ohio Prison
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
Aja Rentals Llc $75,000 None Available
Stuber Melissa J $21,700 None Available
Frueh Michael P $13,500 Attorney
Knight Fred $16,197 --
Northwest Ohio Prison $19,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aja Rentals Llc $498,959
Closed Aja Rentals Llc $60,000
Previous Owner Stuber Melissa J $34,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $85,000 +21.4% $32 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $70,000 -- $26 / 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 $947 $25,170 $2,910 $22,260
2023 $1,026 $23,980 $2,770 $21,210
2022 $1,031 $23,980 $2,770 $21,210
2021 $1,094 $23,980 $2,770 $21,210
2020 $816 $15,510 $1,610 $13,900
2019 $816 $15,510 $1,610 $13,900
2018 $813 $15,510 $1,610 $13,900
2017 $819 $15,510 $1,610 $13,900
2016 $830 $15,510 $1,610 $13,900
2015 $765 $15,510 $1,610 $13,900
2014 $765 $13,970 $1,650 $12,320
2013 $745 $13,970 $1,650 $12,320
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Weaver

    Keller Williams Advisors

  • Shaun Richardson

    Buyer's Agent in 2021

    Shaun Richardson

    Exp Realty

    (419) 302-9343

    2 in this area

    211 Total Sales

    Shaun Richardson
    Section Image
See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 204271

APN: 36-36-09-07-003.000

Ohio Allen County Lima 45801 Riverside North

705 W Elm St, Lima, OH

This home is located at 705 W Elm St, Lima, OH 45801 since 24 March 2021 and is currently estimated at $117,519, approximately $43 per square foot. This property was built in 1920. 705 W Elm St is a home located in Allen County with nearby schools including Heritage Elementary School, Lima North Middle School, and Lima West Middle School.

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