NOT LISTED FOR SALE

551 Spencer St Toledo, OH 43609

Southside Neighborhood

Estimated Value: $78,000 - $97,000

3 Beds
1 Bath
1,243 Sq Ft
$70/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2023

Last sale price $46,964 $38 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $495 / mo

24 Days on Market

Highlights

  • No HOA
  • Living Room
  • Forced Air Heating System

About This Home

As of July 2023

Minimum bid auction $25,000 Thursday, March 23th, 2023, @ 4:15 PM. Preview and registration begin 1 hour prior to auction. 1 of 4 properties being auction this day. A part of an 8-day caravan auction. You don't want to miss these great investment opportunities! Come bid your price!

Last Agent to Sell the Property

Greg Zielinski

RE/MAX Preferred Associates License #2009002615 Listed on: 02/20/2023

RE/MAX Preferred Associates

Co-Listed By

John Kurfess

RE/MAX Preferred Associates License #2020001173

Last Buyer's Agent

Ryan Phillips

Rylan Realty Group Ltd License #2007000028

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1913

Lot Details

  • 3,302 Sq Ft Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,243 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Alley Access
  • Driveway

Schools

  • Waite High School

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 15-40701

Home Details

Home Type

Single Family

Year Built

Built in 1913

Lot Details

3,302 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1913
  • Lot Size Acres: 0.08
  • Lot Size: 3,300
  • Co List Office Mls Id: PREF
  • Co List Office Phone: 419-720-5600
  • Carport Y N: No
  • Garage Yn: No
  • Status Change Information: Status Change Timestamp: 2023-07-21
  • Special Features: 4160

Interior Features

  • Fireplace: No
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1243.0
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: None, Alley Access, Driveway

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Sanitary Sewer
  • Appliances: Water Heater
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Toledo

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3302.0
  • Parcel #: 15-40701

MLS Schools

  • HighSchool: Waite

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2023
Closed on
Jul 21, 2023
Sold by
Toledo Restoration Property Management L
Bought by
Slm Toledo Investments Llc
Seller's Agent
Greg Zielinski
RE/MAX Preferred Associates
Buyer's Agent
Ryan Phillips
Rylan Realty Group Ltd
List Price
$25,000
Sold Price
$46,964
Premium/Discount to List
$21,964
87.86%
Views
49
Current Estimated Value
$86,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,562
Avg. Annual Appreciation
25.50%
Original Mortgage
$1,685,000
Outstanding Balance
$1,365,793
Interest Rate
6.06%
Estimated Equity
-$1,279,267

Purchase Details

Listed on
Mar 12, 2012
Closed on
Apr 12, 2012
Sold by
Us Bank National Assn
Bought by
S 8 Toledo Llc
Seller's Agent
Jeff Bockrath
RE/MAX Preferred Associates
Buyer's Agent
Jeff Bockrath
RE/MAX Preferred Associates
List Price
$11,880
Sold Price
$14,650
Premium/Discount to List
$2,770
23.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Sep 14, 2009
Sold by
Godwin Benjamin and Godwin Melody
Bought by
Bank Of America National Association

Purchase Details

Closed on
Oct 17, 2003
Sold by
Worthington Johnny R and Worthington Diane
Bought by
Godwin Benjamin and Godwin Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,229
Interest Rate
6.04%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1990
Sold by
Gilsdorf Robert J and Gilsdorf Louie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slm Toledo Investments Llc $1,315,000 None Listed On Document
S 8 Toledo Llc $14,700 None Available
Bank Of America National Association $38,190 None Available
Godwin Benjamin $72,800 Louisville Title Agency For
-- $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slm Toledo Investments Llc $1,685,000
Previous Owner Godwin Benjamin $72,229
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2023 07/21/23 Sold $46,964 +87.9% $38 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $25,000 +70.6% $20 / Sq Ft
04/23/2012 04/23/12 Sold $14,650 +23.3% $12 / Sq Ft View Prior Sale
03/22/2012 03/22/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $11,880 -- $10 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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
2025 -- $9,310 $1,400 $7,910
2024 $347 $9,310 $1,400 $7,910
2023 $546 $6,545 $1,225 $5,320
2022 $544 $6,545 $1,225 $5,320
2021 $529 $6,545 $1,225 $5,320
2020 $529 $5,460 $1,015 $4,445
2019 $506 $5,460 $1,015 $4,445
2018 $491 $5,460 $1,015 $4,445
2017 $518 $5,145 $1,505 $3,640
2016 $503 $14,700 $4,300 $10,400
2015 $476 $14,700 $4,300 $10,400
2014 $333 $5,150 $1,510 $3,640
2013 $333 $5,150 $1,510 $3,640
Source: Public Records

Agents Affiliated with this Home

  • Greg Zielinski

    Seller's Agent in 2023

    Greg Zielinski

    RE/MAX

    (419) 270-7653

    20 in this area

    234 Total Sales

    Greg Zielinski
    Section Image
  • John Kurfess

    Seller Co-Listing Agent in 2023

    John Kurfess

    RE/MAX

    (419) 260-4205

    17 in this area

    176 Total Sales

    John Kurfess
    Section Image
  • Ryan Phillips

    Buyer's Agent in 2023

    Ryan Phillips

    Rylan Realty Group Ltd

    (419) 704-4389

    55 in this area

    217 Total Sales

    Ryan Phillips
    Section Image
  • Jeff Bockrath

    Seller's Agent in 2012

    Jeff Bockrath

    RE/MAX

    (419) 704-7373

    11 in this area

    194 Total Sales

    Jeff Bockrath
    Section Image

  • A

    Seller Co-Listing Agent in 2012

    Amy Wells

    Howard Hanna

    Section Image
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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6098281

Northwest Ohio Real Estate Information Service (NORIS)

APN: 15-40701

Ohio Lucas County Toledo 43609 Southside

551 Spencer St, Toledo, OH

Not Listed for Sale

Detached

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