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521 West Northern Avenue

521 West Northern Avenue, Lima, OH 45801
Property in Lima
Sold Jun 07, 2023
$75,000
$333,825 by Union Bank
Mortgage Due Nov 09, 2033
Sold Apr 25, 2012
$32,000
$33,600 by The Sherwood State Bank
Mortgage
521 West Northern Avenue 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 1960 and is 64 years old. However, we must point out that the home was most recently renovated and altered in 1977. The home has a total of 5 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, 521 West Northern Avenue has 1,008 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 unknown that is 1,008 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 1,200 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,187 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. 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 good. 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 521 West Northern Avenue was last sold in Jun 6, 2023 for $75,000. According to our calculations, that's $74.40 per sqft. Prior to that sales transaction, the property was sold for $32,000 in Mar 28, 2012. Current property owners are expected to pay $1,234 in taxes per year. The property on 521 West Northern Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $26,150. To break that down further, the land itself was valued at $3,360. While improvements to the property were assessed at a total of $22,790. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 1,008
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,187
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,008
  • Gross Building Area: 1,232
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,008
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORTHLAND #1 SUBDIVISION
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: NORTHLAND #1 SUBDIVISION LOT 21260 FF 60.00

Ownership

  • Current Owner : GEARING BLAINE
  • Current Owner 2: GEARING MICHELLE
  • Previous Owner : MOYER ROBERT
  • Previous Owner 2: MOYER KELLY
  • Owner Before Previous Owner: PNMAC MORTGAGE OPPORTUNITY FUND INVESTOR
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Elida Local School District
  • Census Tract: 012200

Geography

  • Assessors Map Reference: M37-0019600
  • District: M37
  • Parcel: 36-2409-05-005.000
  • Lot: 21260
  • Municipality: LIMA CORPORATION
  • Latitude: 40.7666
  • Longitude: -84.1126

    Address

  • Full Address: 521 W Northern Ave
  • Address - House Number: 521
  • Street Direction: W
  • Address - Street Name: Northern
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Lima
  • Carrier Code: C011
  • 4-Digit Zip Code: 2624
  • Zip Code: 45801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,234
  • Tax Rate Code Area: M37

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 49
  • Final Value: 102,196
  • High Value: 127,746
  • Low Value: 76,645

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $333,825
  • First Open Lien Mortgage Lender: UNION BANK
  • First Open Lien Mortgage Recording Date: Nov 13, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $333,825
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 09, 2033

    Market Valuation

  • Market Total Value: $74,700
  • Market Land Value: $9,600
  • Market Improvement Value: $65,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,150
  • Assessed Land Value: $3,360
  • Assessed Improvements Value: $22,790

    Sales

  • Current Sale Contract Date: Jun 06, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Transaction ID: 11907637406
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4747
  • Previous Sale Recording Date: Apr 25, 2012
  • Previous Sale Contract Date: Mar 28, 2012
  • Previous Sale Amount: $32,000
  • Previous Sale Document Type: Limited Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: THE SHERWOOD STATE BANK
  • Previous Mortgage Transaction Date: Apr 25, 2012
  • Previous Mortgage Loan Amount: $33,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Lima



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Frequently Asked Questions

What neighborhood is 521 West Northern Avenue located in?
The 521 West Northern Avenue is a located in the neighborhood of Lima in Lima, Lima.
What is the average sales price for listings in 521 West Northern Avenue?
The average sales price for units in 521 West Northern Avenue is $0 currently.

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