NOT LISTED FOR SALE

977 W Wayne St Lima, OH 45805

Central Lima Neighborhood

Estimated Value: $40,547 - $69,000

3 Beds
1.5 Baths
1,322 Sq Ft
$37/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $19,973 $15 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $294/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 $650/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 1920

Lot Details

  • Lot Dimensions are 45x118

Interior Spaces

  • 1,322 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

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 36-3606-06-004.000

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 45x118
  • Unit Levels: Two
  • Year Built: 1920
  • Location Property Info:Zoning2: Residential
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Bathrooms Half: 1
  • General Property Info:Fireplace YN: No
  • General Property Info:Private Pool YN: No
  • Tax Info:Parcel _pound_: 36-3606-06-004.000
  • Tax Info:Tax Annual Amount: 503.26
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling:None4: Yes
  • General Property Info:Lot Size Dimensions: 45x118
  • Levels:Two2: Yes
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 1
  • Half 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 #: 36-3606-06-004.000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 503.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2025
Sold by
Hero Homes Jv 1 Arbor Llc
Bought by
Safra Llc
Current Estimated Value
$48,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$999,134
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$950,247

Purchase Details

Listed on
Jun 23, 2021
Closed on
Mar 21, 2022
Sold by
Lima Land Company 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
$19,973
Premium/Discount to List
-$29,927
-59.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.05%
Original Mortgage
$1,875,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 1997
Sold by
I & D Investments
Bought by
Lima Land Co

Purchase Details

Closed on
Mar 1, 1984
Bought by
Martin Doreen M
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 Buyer Sale Price Title Company
Safra Llc $202,300 None Listed On Document
Lima Ohio Investment Group Llc $392,000 None Listed On Document
Lima Land Co $203,000 --
Martin Doreen M $21,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Safra Llc $1,000,000
Previous Owner Lima Ohio Investment Group Llc $1,875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $19,973 -60.0% $15 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
06/23/2021 06/23/21 For Sale $49,900 -- $38 / 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 $424 $10,190 $2,280 $7,910
2023 $456 $9,700 $2,170 $7,530
2022 $508 $9,700 $2,170 $7,530
2021 $482 $9,700 $2,170 $7,530
2020 $504 $9,070 $2,100 $6,970
2019 $504 $9,070 $2,100 $6,970
2018 $502 $9,070 $2,100 $6,970
2017 $506 $9,070 $2,100 $6,970
2016 $513 $9,070 $2,100 $6,970
2015 $527 $9,070 $2,100 $6,970
2014 $527 $9,240 $2,170 $7,070
2013 $514 $9,240 $2,170 $7,070
Source: Public Records

Agents Affiliated with this Home

  • Tim Stanford

    Seller's Agent in 2022

    Tim Stanford

    Superior Plus Realtors

    (419) 230-2421

    38 in this area

    179 Total Sales

    Tim Stanford
    Section Image
  • Eric Schomber

    Buyer's Agent in 2022

    Eric Schomber

    Exp Realty

    (866) 212-4991

    32 in this area

    228 Total Sales

    Eric Schomber
    Section Image
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Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 205443

APN: 36-36-06-06-004.000

Ohio Allen County Lima 45805 Central Lima

977 W Wayne St, Lima, OH

This home is located at 977 W Wayne St, Lima, OH 45805 since 23 June 2021 and is currently estimated at $48,887, approximately $36 per square foot. This property was built in 1920. 977 W Wayne St is a home located in Allen County with nearby schools including Heritage Elementary School, Lima West Middle School, and Lima North Middle School.

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