Cheap Property in Lima OH is not a foreclosure property or bank owned reo. This property under 20k is a 3 bed room 1 bathroom, 2 story single family home. The Rent Zestimate®: according to Zillow.com is $650 a month. That is a 49% cash on cash return in 12 months.
The cheap houses for sale is in need of sixteen thousand nine hundred sixty dollars of repairs. This rehab will bring in rents of 650 a month and a property after repair value of 45 k.
If you are searching “ cheap property for sale near me “ you have found a property worth looking at. Call 614-961-0169
Property is being sold as is where is with the buyer paying all closing costs, recording fees, and title policy cost. Seller will pay property taxes to date of closing and sell the property with a general warranty deed.
Sold for $10,500
$10,500
601 Fairview Ave, Lima, OH 45804
3beds
1,212sqft
SingleFamily
Built in 1920
4,181 Square Feet Lot
$-- Zestimate®
$9/sqft
$1,184 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,184/mo
Zestimate® history
Owner options
List your home for rent
$1,184/mo
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$1,184/mo
Rent Zestimate®
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$54/mo
Est. payment
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$54/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard
Cooling
- None
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,212 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Other
Lot
- Size: 4,181 Square Feet
Details
- Parcel number: 47060813005000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- Frame
- Foundation: Crawl/Raised
Condition
- Year built: 1920
Community & HOA
Location
- Region: Lima
Financial & listing details
- Price per square foot: $9/sqft
- Tax assessed value: $19,300
- Annual tax amount: $306
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2023 | Sold | $10,500-34.6%$9/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/26/2019 | Listing removed | $16,050$13/sqft |
Source: Owner Report a problem | ||
| 1/21/2019 | Listed for sale | $16,050+256.7%$13/sqft |
Source: Owner Report a problem | ||
| 10/6/1994 | Sold | $4,500$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $306 -11.7% | $6,760 +3.8% |
| 2024 | $347 +9.7% | $6,510 +5% |
| 2023 | $316 -13.8% | $6,200 |
| 2022 | $367 +10.5% | $6,200 |
| 2021 | $332 -29% | $6,200 -25.7% |
| 2020 | $468 -9.9% | $8,340 |
| 2019 | $520 -3.9% | $8,340 |
| 2018 | $541 +3.8% | $8,340 |
| 2017 | $521 -1.3% | $8,340 |
| 2016 | $528 +9.3% | $8,340 |
| 2015 | $483 -1.5% | $8,340 -2% |
| 2014 | $491 +2.5% | $8,510 |
| 2013 | $479 +0.4% | $8,510 |
| 2012 | $477 +10.4% | $8,510 -5.1% |
| 2011 | $432 +2.9% | $8,970 |
| 2010 | $420 +18.4% | $8,970 |
| 2009 | $355 -3.2% | $8,970 -2.6% |
| 2008 | $366 -4.1% | $9,210 |
| 2007 | $382 -23.5% | $9,210 +0.1% |
| 2006 | $499 +0.8% | $9,205 +5.2% |
| 2005 | $496 -2% | $8,750 |
| 2004 | $506 | $8,750 |
| 2003 | $506 +74.9% | $8,750 +72.4% |
| 2002 | $289 -1.3% | $5,075 |
| 2001 | $293 | $5,075 |
| 2000 | $293 +10.6% | $5,075 +10.7% |
| 1999 | $265 | $4,585 |
Find assessor info on the county website
Neighborhood: 45804
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Nearby schools
GreatSchools rating
- 7/10Lima South Science-Technology Magnet K-8Grades: K-8Distance: 0.3 mi
- 2/10Lima Senior High SchoolGrades: 9-12Distance: 1.3 mi
- 4/10Unity Elementary SchoolGrades: PK-4Distance: 0.4 mi
- Ohio
- Allen County
- Lima
- 45804
- 601 Fairview Ave