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500 South Cable Road

500 South Cable Road, Lima, OH 45805
Property in American
Sold Jan 27, 2022
$160,000
$155,200 by Everett Financial Inc
Mortgage Due Feb 01, 2052
Sold May 24, 2019
$110,000
$99,000 by Superior Cu Inc
Mortgage Due Jun 01, 2049
500 South Cable Road has been categorized by the local assessors in Lima, OH as a residential type of property. The building on the property was first built in 1957 and is 67 years old. However, we must point out that the home was most recently renovated and altered in 1994. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 500 South Cable Road has 1,682 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 880 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 1,150 ft. The area measurement of the land has been determined as 23,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,042 sqft. According to our sources, there are a total of 5 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Jan 25, 2022 for $160,000. That's $44.40 per sqft. Prior to that sales transaction, the property was also sold in May 24, 2019 for $110,000. 500 South Cable Road was last assessed in 2022. The total value of the property was assessed at $41,270. Specifically, the land the property is located on was valued at $8,260. While improvements on the property were assessed at a total of $33,010. 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 $2,085. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 880
  • Garage Type: Attached
  • Garage Square Area: 1,042
  • Parking Space Count: 5

    Dimensions

  • Lot Size Square Feet: 23,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,604
  • Gross Building Area: 3,604
  • Building Area: 1,682
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,682
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VERNON HEIGHTS
  • Land Acres: 0.528
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: VERNON HEIGHTS NUMBER 3 LOT 19880 JOINT TEN FF 114.69

Ownership

  • Current Owner : SHERRICK BENJAMIN
  • Current Owner 2: SHERRICK KRISTINA M
  • Previous Owner : SLONAKER BETHANY R
  • Owner Before Previous Owner: THE GERALD R PICKER IRREVOCABLE TRUST
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shawnee Local School District
  • Census Tract: 010900

Geography

  • Assessors Map Reference: G23-0038800
  • District: G23
  • Parcel: 36-3409-07-001.000
  • Lot: 19880
  • Municipality: AMERICAN TOWNSHIP
  • Latitude: 40.7347
  • Longitude: -84.1472

    Address

  • Full Address: 500 S Cable Rd
  • Address - House Number: 500
  • Street Direction: S
  • Address - Street Name: Cable
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Lima
  • Carrier Code: C060
  • 4-Digit Zip Code: 3114
  • Zip Code: 45805

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,085
  • Tax Rate Code Area: G23

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 65
  • Final Value: 177,318
  • High Value: 220,656
  • Low Value: 133,980

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $163,200
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Jan 27, 2022
  • First Open Lien Mortgage Loan Amount: $155,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052
  • Second Open Lien Mortgage Lender: OHIO HOUSING FINANCE AGENCY
  • Second Open Lien Mortgage Recording Date: Jan 27, 2022
  • Second Open Lien Mortgage Loan Amount: $8,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $117,900
  • Market Land Value: $23,600
  • Market Improvement Value: $94,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,270
  • Assessed Land Value: $8,260
  • Assessed Improvements Value: $33,010

    Sales

  • Current Sale Contract Date: Jan 25, 2022
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Transaction ID: 11878843192
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1023
  • Previous Sale Recording Date: May 24, 2019
  • Previous Sale Contract Date: May 24, 2019
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: Jan 27, 2022
  • First Mortgage Loan Amount: $155,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052
  • Second Mortgage Lender: OHIO HOUSING FINANCE AGENCY
  • Second Mortgage Transaction Date: Jan 27, 2022
  • Second Mortgage Loan Amount: $8,000

    Previous Mortgages

  • Previous Mortgage Lender: SUPERIOR CU INC
  • Previous Mortgage Transaction Date: May 24, 2019
  • Previous Mortgage Loan Amount: $99,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2049

About Allen



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Frequently Asked Questions

What neighborhood is 500 South Cable Road located in?
The 500 South Cable Road is a located in the neighborhood of American in Allen, Lima.
What is the average sales price for listings in 500 South Cable Road?
The average sales price for units in 500 South Cable Road is $0 currently.

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