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520 Prospect Avenue

520 Prospect Avenue, Lima, OH 45804
Property in Lima
This has been categorized as a vacant property type. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 7,492 square feet.

Learn more about the property and building on this page. 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 gas. 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, 520 Prospect Avenue sold most recently in Dec 30, 1999 for a total of $18,000. Before that, the property was also sold for $5,000 in Jul 25, 1986. 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 $1,579 in taxes each year. The initial year of tax delinquency occurred in 2007. 520 Prospect Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $950. If we break it down further, the land itself was valued at $950. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Vacant
  • Subdivision: T K JACOBS TENTH ADDITION
  • Land Acres: 0.172
  • Standard Land Use Code: Recreational-vacant land
  • County Land Use Code: Personal property general
  • State Land Use Code: Personal property general
  • Legal Description 1: T K JACOBS TENTH ADDITION LOT 5633 FF 50.00

Ownership

  • Current Owner : WATKINS WILLIE
  • Current Owner 2: WATKINS KAYLEEN
  • Previous Owner : DELPH GEORGE P
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 09, 2024

Neighborhood

  • School District Name: Lima City School District
  • Census Tract: 012700

Geography

  • Assessors Map Reference: M38-0581800
  • District: M38
  • Parcel: 37-3112-05-035.000
  • Lot: 5633
  • Municipality: LIMA CORPORATION
  • Latitude: 40.7344
  • Longitude: -84.093

    Address

  • Full Address: 520 Prospect Ave
  • Address - House Number: 520
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Lima
  • Carrier Code: C044
  • 4-Digit Zip Code: 1456
  • Zip Code: 45804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,579
  • Intital Tax Deliquent Year: 2007
  • Tax Rate Code Area: M38

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $15,300
  • First Open Lien Mortgage Lender: CREVE COEUR MTG ASSN
  • First Open Lien Mortgage Recording Date: Dec 30, 1999
  • First Open Lien Mortgage Loan Amount: $15,300
  • 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: Dec 30, 2029

    Market Valuation

  • Market Total Value: $2,700
  • Market Land Value: $2,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $950
  • Assessed Land Value: $950

    Sales

  • Current Sale Contract Date: Dec 30, 1999
  • Current Sale Recording Date: Dec 30, 1999
  • Current Sale Transaction ID: 1070178244
  • Current Sale Price: $18,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jul 25, 1986
  • Previous Sale Contract Date: Jul 25, 1986
  • Previous Sale Amount: $5,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CREVE COEUR MTG ASSN
  • First Mortgage Transaction Date: Dec 30, 1999
  • First Mortgage Loan Amount: $15,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 30, 2029

About Lima



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Frequently Asked Questions

What neighborhood is 520 Prospect Avenue located in?
The 520 Prospect Avenue is a located in the neighborhood of Lima in Lima, Lima.
What is the average sales price for listings in 520 Prospect Avenue?
The average sales price for units in 520 Prospect Avenue is $0 currently.

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