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525 West Lane Avenue

525 West Lane Avenue, Lima, OH 45801
Property in Lima
Sold Aug 14, 2001
$64,500
$65,790 by Bank One Natl Assn
Mortgage Due Aug 14, 2031
Sold May 27, 1999
$57,000
$56,534 by Precedent Mtg Co
Mortgage Due May 27, 2029
525 West Lane Avenue in Lima, OH was first built in 1959 and is 65 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 525 West Lane Avenue has 1,064 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 680 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 8,146 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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. For those who need parking, there is a attached garage. The garage is 420 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. The property was last sold in Aug 14, 2001 for $64,500. That's $43.46 per sqft. Prior to that sales transaction, the property was also sold in May 27, 1999 for $57,000. 525 West Lane Avenue was last assessed in 2022. The total value of the property was assessed at $20,760. Specifically, the land the property is located on was valued at $4,270. While improvements on the property were assessed at a total of $16,490. 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 $595. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,146
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,484
  • Gross Building Area: 1,484
  • Building Area: 1,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,064
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORTHLAND SUBDIVISION
  • Land Acres: 0.187
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: NORTHLAND SUBDIVISION NO 3 LOT 22430 FF 67.53

Ownership

  • Current Owner : WEISS RONALD J
  • Current Owner 2: WEISS SUZANNE M
  • Previous Owner : GUERRERO NICK J
  • Owner Before Previous Owner: BRAUSE SHIRLEY J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: M37-0026800
  • District: M37
  • Parcel: 36-2412-09-004.000
  • Lot: 22430
  • Municipality: LIMA CORPORATION
  • Latitude: 40.7627
  • Longitude: -84.113

    Address

  • Full Address: 525 W Lane Ave
  • Address - House Number: 525
  • Street Direction: W
  • Address - Street Name: Lane
  • Address - Suffix Type: Ave
  • State: OH
  • City Name: Lima
  • Carrier Code: C012
  • 4-Digit Zip Code: 2727
  • Zip Code: 45801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $595
  • Tax Rate Code Area: M37

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 49
  • Final Value: 79,434
  • High Value: 99,293
  • Low Value: 59,574

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $65,790
  • First Open Lien Mortgage Lender: BANK ONE NATL ASSN
  • First Open Lien Mortgage Recording Date: Aug 14, 2001
  • First Open Lien Mortgage Loan Amount: $65,790
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 14, 2031

    Market Valuation

  • Market Total Value: $59,300
  • Market Land Value: $12,200
  • Market Improvement Value: $47,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,760
  • Assessed Land Value: $4,270
  • Assessed Improvements Value: $16,490

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 14, 2001
  • Current Sale Recording Date: Aug 14, 2001
  • Current Sale Transaction ID: 1077450607
  • Current Sale Price: $64,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 27, 1999
  • Previous Sale Contract Date: May 27, 1999
  • Previous Sale Amount: $57,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK ONE NATL ASSN
  • First Mortgage Transaction Date: Aug 14, 2001
  • First Mortgage Loan Amount: $65,790
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 14, 2031

    Previous Mortgages

  • Previous Mortgage Lender: PRECEDENT MTG CO
  • Previous Mortgage Transaction Date: May 27, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $56,534
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 27, 2029

About Lima



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Frequently Asked Questions

What neighborhood is 525 West Lane Avenue located in?
The 525 West Lane Avenue is a located in the neighborhood of Lima in Lima, Lima.
What is the average sales price for listings in 525 West Lane Avenue?
The average sales price for units in 525 West Lane Avenue is $0 currently.

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