3861 Elida Road

Local assessors in Lima, OH have categorized 3861 Elida Road as a type of property. The home was built in 1953 and is 73 years old. The property's lot size has been calculated to be 42,471 square feet. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. The garage on the property is 624 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. The home's is the primary heating source and it is being fueled with . 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, 3861 Elida Road sold most recently in Sep 23, 2022 for a total of $155,000. If you work out the math, that's approximately a cost of $127.47 per sqft. Before that, the property was also sold for $5,622 in Mar 31, 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 $129,510 in taxes each year. 3861 Elida Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $19,950. If we break it down further, the land itself was valued at $19,810. Improvements to the property, however, were assessed at a total of $140. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.