15645 State Route 118 Ohio City, OH 45874

3 beds · 1 bath · 1,332 sq ft · Lot Size: 31,363 sq ft · Single Family Home
Est. Property Value: $113,319
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15645 State Route 118 is in the 45874 neighborhood of Ohio City, OH. It is located in Van Wert County and ZIP code 45874. This Single Family Home was built in 1964 and is approximately 61 years old. The single family home spans 1332 sq ft with 3 bedrooms and 1 bathroom and sits on a 31363 sq ft lot. According to public records, it was last sold in 2023 for $157,000 and has a tax-assessed value of $112,540, which is $85 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 15645 State Route 118 Ohio City, OH 45874 with Property Intel by Whitepages.

15645 State Route 118

Ohio City, OH 45874

Neighborhood

Owners & Occupancy for 15645 State Route 118

No contact information is available.

Occupancy

Resident 1******************* age 59

Property Financials for 15645 State Route 118

15645 State Route 118, Ohio City, OH has a mortgage from Van Wert Fsb (orig. December 11, 2023). The Van Wert county assessment for 2023 values it at $112,540, with annual taxes of $1,064.

Mortgage & Equity Information

Loan Amount$******
LenderVan Wert Fsb
Origination DateDecember 11, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateDecember 08, 2023
Property Tax Amount$1,064 in 2023
Purchase Price$157,000
Assessed Value$112,540 on 2023

Investment Potential for 15645 State Route 118

The property has a current estimated value of $113,319, which is 10% below the zip median, based on public records. It last sold on December 08, 2023 for $157K. Projected long-term
is $22,200 annually ($1,850 per month) with a 89% occupancy rate.

Discover more Single Family Homes in 45874.

Long-Term

Gross Rental
$22,200 per year($1,850 per month)
Net Operating Income
Cap Rate
Occupancy Rate
89%in 45874 zip code
 
View Rental Potential

Property Details for 15645 State Route 118

Property Details

Property Sq Ft

Living Area

1,332 sq ft

19% below market

Lot Size

31,363 sq ft

28% below market

Price Per Sq Ft

Living Area

$85 / sq ft

12% above market

Lot Size Area

$4 / sq ft

23% above market

Property condition, age, exterior, etc. for 15645 Stat…
Longitude: -84.61984 Latitude: 40.776963 Parcel Number (APN): 13-035444.0000…

Recommended Properties in 45874

Discover more single family homes near 15645 State Route 118 in Ohio City, Ohio. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 15645 State Route 118 in Van Wert County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$113,319
$205,751
-$92,432 (-45%)
YoY Price Change
Year Built
1964
1962
2 years
Living Space
1,332 sq ft
1,501 sq ft
-169 (-11%)
$ Per Living Sq Ft
$85
$138
-$53 (-39%)
Lot Size
31,363 sq ft
11,282 sq ft
20081 (178%)
$ Per Lot Sq Ft
$4
$17
-$13 (-78%)

Net Operating Income
$15,247
$2,078 (14%)
Annual Revenue
$22,200
$22,800
-$600 (-3%)
$7,113
-$2,238 (-31%)
Net Operating Income
$15,247
$2,078 (14%)
Cap Rate
7.33%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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