1130 East Albert Street

1130 East Albert Street has been categorized by the local assessors in Lima, OH as a commercial type of property. The building on the property was first built in 1965 and is 59 years old. However, we must point out that the home was most recently renovated and altered in 1969. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1130 East Albert Street has 5,130 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,570 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 14,767 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a space/suspended heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a storm sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though you may still need to pay additional fees to have your wastewater disposed in this manner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1130 East Albert Street sold most recently in Mar 18, 2024 for a total of $80,000. If you work out the math, that's approximately a cost of $15.59 per sqft. Before that, the property was also sold for $48,000 in Jun 26, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $988 in taxes each year. 1130 East Albert Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $14,810. If we break it down further, the land itself was valued at $2,310. Improvements to the property, however, were assessed at a total of $12,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.