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620 South Scott Street

620 South Scott Street, Lima, OH 45804
Property in Lima
Sold Jul 07, 2022
$435,000
$445,000 by Union Bank Company
Mortgage Due Jul 15, 2032
Sold Mar 04, 2019
$274,900
$206,175 by The Union Bank Co
Mortgage Due Mar 01, 2039
Local assessors in Lima, OH have categorized 620 South Scott Street as a residential type of property. The home was built in 1930 and is 94 years old. It was most recently renovated and altered in 1989. The property's lot size has been calculated to be 7,754 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 620 South Scott Street has a total of 5,760 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. 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, 620 South Scott Street was last sold in Jul 6, 2022 for $435,000. According to our calculations, that's $75.52 per sqft. Prior to that sales transaction, the property was sold for $274,900 in Mar 1, 2019. Current property owners are expected to pay $2,299 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 620 South Scott Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $41,760. To break that down further, the land itself was valued at $1,230. While improvements to the property were assessed at a total of $40,530. 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. 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!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: 1930
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Wood
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,754
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 5,760
  • Gross Building Area: 5,760
  • Building Area: 5,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 5,760
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MCPHERON AND PHILLIPS THIRD ADDITION
  • Land Acres: 0.178
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: MCPHERON AND PHILLIPS THIRD ADDITION LOT 4510 FF 50.00

Ownership

  • Current Owner : BRANDVILLE PROPERTIES LLC
  • Previous Owner : SLM OHIO INVESTMENTS LLC
  • Owner Before Previous Owner: DUTCH HOLLOW PROPERTY 1 LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lima City School District
  • Census Tract: 013700

Geography

  • Assessors Map Reference: M38-0510200
  • District: M38
  • Parcel: 37-3112-08-048.000
  • Lot: 4510
  • Municipality: LIMA CORPORATION
  • Latitude: 40.7321
  • Longitude: -84.0962

    Address

  • Full Address: 620 S Scott St
  • Address - House Number: 620
  • Street Direction: S
  • Address - Street Name: Scott
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lima
  • Zip Code: 45804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,299
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: M38

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 49
  • Final Value: 168,118
  • High Value: 210,149
  • Low Value: 126,086

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $445,000
  • First Open Lien Mortgage Lender: UNION BANK COMPANY
  • First Open Lien Mortgage Recording Date: Jul 07, 2022
  • First Open Lien Mortgage Loan Amount: $445,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 15, 2032

    Market Valuation

  • Market Total Value: $119,300
  • Market Land Value: $3,500
  • Market Improvement Value: $115,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,760
  • Assessed Land Value: $1,230
  • Assessed Improvements Value: $40,530

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Transaction ID: 11891442900
  • Current Sale Price: $435,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 8022
  • Previous Sale Recording Date: Mar 04, 2019
  • Previous Sale Contract Date: Mar 01, 2019
  • Previous Sale Amount: $274,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION BANK COMPANY
  • First Mortgage Transaction Date: Jul 07, 2022
  • First Mortgage Loan Amount: $445,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 15, 2032

    Previous Mortgages

  • Previous Mortgage Lender: THE UNION BANK CO
  • Previous Mortgage Transaction Date: Mar 04, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $206,175
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2039

About Lima



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Frequently Asked Questions

What neighborhood is 620 South Scott Street located in?
The 620 South Scott Street is a located in the neighborhood of Lima in Lima, Lima.
What is the average sales price for listings in 620 South Scott Street?
The average sales price for units in 620 South Scott Street is $0 currently.

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