$40,000

532 Michael Ave Lima, OH 45804

$475
Closing credit¹
3 beds
1 full
1,436 sqft
$28 / sqft
House

Property details

About 532 Michael Ave

LIST PRICE IS THE STARTING BID: LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: 1920 Roschman Ave, Lima, OH 45804 Part of a 70+ Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Property is currently Vacant, with market rent estimated at $1,086 — strong cash flow potential from day one. Submit your offer early or in person to bid! Auction Terms: 10% non-refundable deposit due on auction day. Balance due within 45 days. Arrange all financing and inspections prior to bidding. Announcements made on auction day will take precedence over all prior communications. Don't miss out — whether you're growing your rental portfolio or looking for immediate income potential, this property — and the full portfolio — offers rare opportunities at scale. Act now or be ready to bid!

Highlights

Home typeSingle Family Residence
HeatingBaseboard
StatusActive
Size1,436 sqft
BasementYes
Year built1920
ParkingGravel
MLS #9066770

Summary

  • Full Bathrooms: 1
  • Basement: Yes
  • Total Bedroom Count: 3
  • Attached Garage: No
  • Parking: Gravel
  • Architectural Style: Stnd 2 Story
  • Heating: Baseboard
  • List Price: $40,000
  • Price/SqFt: $27
  • Annual Tax Amount: $557
  • Tax Year: 2023
  • Directions: turn right off of s pine st, house is on the right
  • Year Built: 1920
  • Living Area: 1,436 SqFt
  • MLS Number: 9066770
  • MLS Name: MansfieldOH
  • Office Name: Key Realty
  • Office Email: dan.amaro@keysoldgroup.com
  • Listing Agent: Daniel Amaro

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither Listing Broker(s) this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright Mansfield Association of REALTORS® Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2025, 8:15:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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532 Michael Ave, Lima, OH 45804 - american foursquare style home featuring a porch and a front lawn

$40,000

532 Michael Ave

$475

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Dec 21, 2021
Home Sold
$134,300
Jul 09, 2003
Home Sold
$19,030

Tax history

YearAssessmentProperty Tax
2023$8,400$557
2022$8,400$531
2021$8,400$426
2020$7,700$436
2019$7,700$437
2018$7,700$433
2017$7,700$438

History based on county public records data.

Nearby schools

2

Unity Elementary School

Public District PK-4

0.5 mi

925 E 3rd St

3

Freedom Elementary School

Public District PK-4

0.7 mi

575 Calumet Ave

4

Independence Elementary School

Public District PK-4

2.2 mi

615 Tremont Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $26,622. Typical income of Lima, OH residents is less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

56%
<35k
40%
35k-100k
3%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

43%
Single, No Kids
33%
Single, with Kids
15%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
11%
12-17 yrs old
24%
18-34 yrs old
35%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • NHRA Drag RacingNHRA Drag Racing
  • SoccerSoccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Golden CorralGolden Corral
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • BuickBuick
  • KiaKia
  • MazdaMazda

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 532 Michael Ave

The listing price of 532 Michael Ave property is $40,000.

The property 532 Michael Ave is a house located in Lima, Ohio, 45804.

Active Listing: 532 Michael Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 532 Michael Ave are: Unity Elementary School (GreatSchools Rating 2/10), Freedom Elementary School (GreatSchools Rating 3/10), Independence Elementary School (GreatSchools Rating 4/10), Lima South Science-Technology Magnet K-8 (GreatSchools Rating 5/10), Liberty Arts Magnet K-8 (GreatSchools Rating 4/10), Heir Force Community School (GreatSchools Rating 4/10), Lima Senior High School (GreatSchools Rating 2/10), West Central Learning Academy II (GreatSchools Rating 3/10), Perry High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2023 is $557 (source: MLS/based on county public records data).

The last sale was on December 21, 2021 for $134,300 (source: MLS/tax record).

The property at 532 Michael Ave has 3 bedrooms and 1 bathroom.

The property 532 Michael Ave is 1,436 SqFt (source: MLS/tax record).

The year of construction for 532 Michael Ave is 1920.

This home is located at 532 Michael Ave in Lima, OH and zip code 45804. This 1,436 square foot home was built in 1920. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $40,000.

Over 20 listings were sold over their listed price in April 2025 in Lima, OH. In the same period over 50 listings were sold below the listed price and 20 listings were sold for the listed price. In April 2025 in Lima, OH there were 30.3% more homes for sale than in March. Listings spent 53 days on the market in April 2025, and had a median list price of $180,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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