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418 West Market Street

418 West Market Street, Lima, OH 45801
Property in Lima
418 West Market Street in Lima, OH was first built in 1964 and is 60 years old. This has been categorized as a vacant property type. There are a total of 2 floors. In total, the area measurement of the land is 19,994 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The 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. Water for the property is sourced from a municipal system. The property is connected to a storm sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed in this manner. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Jul 18, 2017 for $105,000. That's $3.97 per sqft. Prior to that sales transaction, the property was also sold in Jun 8, 2013 for $60,600. 418 West Market Street was last assessed in 2022. The total value of the property was assessed at $38,220. Specifically, the land the property is located on was valued at $38,220. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,397. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210511
05/11/2021
Loft
-
-
$175,000
bedrooms
Loft
bathrooms
-
-
-
-
GREGORY STOLLY
CCR REALTORS

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 26,456
  • Gross Building Area: 26,456
  • Building Area: 26,456
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Vacant
  • Subdivision: MCDONELS ADD
  • Land Acres: 0.459
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: MCDONELS ADD LOTS 418 & 419 FF 100.00

Ownership

  • Current Owner : PATEL RASHMIKANT B
  • Previous Owner : PATEL NIRANJAN H
  • Previous Owner 2: PATEL GITA
  • Owner Before Previous Owner: OZA POORVI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lima City School District
  • Census Tract: 014100

Geography

  • Assessors Map Reference: M38-0211450
  • District: M38
  • Parcel: 36-3608-02-004.000
  • Lot: 418
  • Municipality: LIMA CORPORATION
  • Latitude: 40.7404
  • Longitude: -84.1101

    Address

  • Full Address: 418 W Market St
  • Address - House Number: 418
  • Street Direction: W
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lima
  • Carrier Code: C005
  • 4-Digit Zip Code: 4716
  • Zip Code: 45801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,397
  • Tax Rate Code Area: M38

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $30,000
  • First Open Lien Mortgage Lender: NIRANJAN H PATEL
  • First Open Lien Mortgage Recording Date: Jul 28, 2017
  • First Open Lien Mortgage Loan Amount: $30,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Jul 28, 2047
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $109,200
  • Market Land Value: $109,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,220
  • Assessed Land Value: $38,220

    Sales

  • Current Sale Contract Date: Jul 18, 2017
  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Transaction ID: 1397687140
  • Current Sale Price: $105,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 201707280008317
  • Previous Sale Recording Date: Jun 18, 2013
  • Previous Sale Contract Date: Jun 08, 2013
  • Previous Sale Amount: $60,600
  • Previous Sale Document Type: Administrator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: NIRANJAN H PATEL
  • First Mortgage Transaction Date: Jul 28, 2017
  • First Mortgage Loan Amount: $30,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)

About Lima



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Nearby Rentals

Unit for rent at 401 N Jameson, Lima, OH, 45805

$725 /mo

  • 2 Beds
  • 1.5 Baths
401 N Jameson, Lima, OH, 45805 Listing by Manager

Frequently Asked Questions

What neighborhood is 418 West Market Street located in?
The 418 West Market Street is a other located in the neighborhood of Lima in Lima, Lima.
What is the average sales price for listings in 418 West Market Street?
The average sales price for units in 418 West Market Street is $0 currently.

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