$118,900
SOLD NOV 15, 2023

828 Richie Ave Lima, OH 45801

Central Lima Neighborhood
5 Beds
2 Baths
2,464 Sq Ft
7,187 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

60% Below List Price

12 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Utility Room

About This Home

As of November 2023

828 Richie Ave Lima downstairs rent with garage is $990 / month. Upstairs rent is $940/month. The landlord pays approximately $200-250 in utilities monthly. Both units are very well maintained and not in need of repairs. Tenants both would like to stay. Rent is deposited monthly into landlords account and the utilities are pulled from the account by the city monthly. Lawn care and trash is taken care of by the tenants. This is truly a hands off operation. With a capitalization rate of over 16% this property wont last long! Reach out today for a showing.

Last Agent to Sell the Property

Kelly Westgerdes

Lakeshore Realtors License #2016000384 Listed on: 09/29/2023

Last Buyer's Agent

SCOTT PARSONS

CCR Realtors License #2019002303

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $883

Year Built

  • Built in 1938

Lot Details

  • Lot Dimensions are 48x150

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home

Interior Spaces

  • 2,464 Sq Ft Home
  • Utility Room
  • Washer and Dryer Hookup
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association
  • 2 Units
  • Crites & Mell Midway Addition Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 36-2512-11-022.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$883

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 48x150
  • Subdivision Name: Crites & Mell Midway Addition
  • Directions: 828 Richie Ave: Between N Collett & Baxter
  • Architectural Style: See Remarks
  • Unit Levels: Multi/Split
  • Year Built: 1938
  • Location Property Info:Zoning2: Residential
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Private Pool YN: No
  • Tax Info:Parcel _pound_: 36-2512-11-022.000
  • Tax Info:Tax Annual Amount: 883.0
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Info:Basement YN: Yes
  • General Property Info:Lot Size Dimensions: 48x150
  • Special Listing Conditions:Real Estate Owned: Yes
  • General Property Info:Land Lease YN: No
  • General Property Info:_pound_ Of Units Total: 2
  • Unit 1 Info Sq Ft: 1035
  • Unit 1 Info:Furnished YN: No
  • Unit 2 Info:Furnished YN2: No
  • Location Property Info:Lease Term3: 12 Months
  • Levels:MultiSplit: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Basement:Unfinished: Yes
  • Unit 2 Features:Dryer Hookup2: Yes
  • Unit 2 Features:Washer Hookup2: Yes
  • Unit 2 Features:Utility Room2: Yes

Exterior Features

  • Construction Type: See Remarks
  • Foundation Details: See Remarks
  • Construction Materials:See Remarks9: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • General Property Info:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Unit 2 Info:Parking Total4: 2

Utilities

  • Cooling: See Remarks
  • Heating: See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:See Remarks: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Land Lease: No
  • Parcel #: 36-2512-11-022.000
  • Zoning Description: Residential

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 883.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Nov 14, 2023
Sold by
Stephens Cole and Stephens Nicole
Bought by
Brenneman Russell C and Brenneman Lori L
Seller's Agent
Kelly Westgerdes
Lakeshore Realtors
Buyer's Agent
SCOTT PARSONS
CCR Realtors
List Price
$295,000
Sold Price
$118,900
Premium/Discount to List
-$176,100
-59.69%
Views
103
Current Estimated Value
$121,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,556
Avg. Annual Appreciation
1.44%
Original Mortgage
$89,175
Outstanding Balance
$87,990
Interest Rate
7.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$34,127

Purchase Details

Closed on
Mar 23, 2023
Sold by
Abeysekera Dominic D
Bought by
Stephens Cole and Stephens Nicole

Purchase Details

Closed on
Jun 18, 2021
Sold by
Dom & Pudge Real Estate Llc
Bought by
Abeysekera Dominic D

Purchase Details

Listed on
Jun 14, 2020
Closed on
Apr 5, 2021
Sold by
Dom & Pudge Real Estate Llc
Bought by
Abbys Property Rentals
Seller's Agent
Pamela Vickers
Superior Plus Realtors
Buyer's Agent
Pamela Vickers
Superior Plus Realtors
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.06%

Purchase Details

Closed on
Apr 25, 2015
Sold by
Daley Nicholas L and Lombardo Dominic J
Bought by
Dom & Pudge Real Estate Llc

Purchase Details

Listed on
Jan 22, 2014
Closed on
Jul 29, 2014
Sold by
Blandzinski Sandra L
Bought by
Daley Nicholas L and Lombardo Dominic J
Seller's Agent
Non Member
Non-member Office
List Price
$42,000
Sold Price
$42,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%
Original Mortgage
$31,500
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 1986
Bought by
Blandzinski Sandra L
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $118,900 None Listed On Document
Special Warranty Deed $160,000 --
Warranty Deed -- None Available
Warranty Deed $50,000 None Available
Warranty Deed -- None Available
Warranty Deed $42,000 None Available
Deed $33,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $89,175 Credit Line Revolving
Previous Owner $31,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $118,900 0.0% $48 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/07/2023 10/07/23 Price Changed $118,900 -59.7% $48 / Sq Ft
09/29/2023 09/29/23 For Sale $295,000 +490.0% $120 / Sq Ft
04/06/2021 04/06/21 Sold $50,000 -28.5% $20 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
06/14/2020 06/14/20 For Sale $69,900 +66.4% $28 / Sq Ft
08/22/2014 08/22/14 Sold $42,000 0.0% $17 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $42,000 -- $17 / 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 $866 $23,180 $2,770 $20,410
2023 $879 $20,310 $2,420 $17,890
2022 $883 $20,310 $2,420 $17,890
2021 $936 $20,310 $2,420 $17,890
2020 $1,070 $20,760 $2,350 $18,410
2019 $1,070 $20,760 $2,350 $18,410
2018 $1,696 $20,760 $2,350 $18,410
2017 $1,074 $20,760 $2,350 $18,410
2016 $1,088 $20,760 $2,350 $18,410
2015 $665 $20,760 $2,350 $18,410
2014 $665 $20,800 $2,490 $18,310
2013 $699 $20,800 $2,490 $18,310
Source: Public Records

Agents Affiliated with this Home

  • Kelly Westgerdes

    Seller's Agent in 2023

    Kelly Westgerdes

    Lakeshore Realtors

    (419) 305-2346

    1 in this area

    141 Total Sales

    Kelly Westgerdes
    Section Image

  • S

    Buyer's Agent in 2023

    SCOTT PARSONS

    CCR Realtors

    (419) 234-7204

    7 in this area

    125 Total Sales

    SCOTT PARSONS
    Section Image

  • P

    Seller's Agent in 2021

    Pamela Vickers

    Superior Plus Realtors

  • N

    Seller's Agent in 2014

    Non Member

    Non-member Office

See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 302216

APN: 36-25-12-11-022.000

Ohio Allen County Lima 45801 Central Lima

828 Richie Ave, Lima, OH

This home is located at 828 Richie Ave, Lima, OH 45801 and is currently priced at $118,900, approximately $48 per square foot. This property was built in 1938. 828 Richie Ave 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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