406 E Water St, Prospect, OH 43342 Property Records

Marion County property record for 406 E Water St, Prospect, OH 43342

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 2,016 sqft · built 1907
Lot Size	0.18 acres (7,861 sqft)
Owner	2 Individual Names on Record
Last Sale	$255,000 (Apr 2024)
Tax Bill	$3,280 (2025)
Deeds & Mortgages	Apr 2024 Sale & Mortgage Aug 2022 Sale & Mortgage + 2 more
Flood Zone	Zone X (moderate risk)
APN	`27-0020013.600`

Property Details

APN / Parcel Number

Primary APN	`27-0020013.600`
Alternative APN	`030007000`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	8 Rooms
Stories	2 Stories
Building Area	2,016 sqft Living Area
Gross Area	3,920 sqft
1st Floor Area	1,008 sqft
Upper Floors Area	1,008 sqft
Basement Area	952 sqft
Flooring	Wood
Interior Walls	Block

Exterior

Year Built	Built 1907
Effective Year Built	Effective 1907
Construction Type	Frame
Roof Material	Other
Lot Area	7,861 sqft (0.18 acres)
Lot Width	50.1 ft Width
Garage Type	Detached
Garage Area	528 sqft
Patio Area	225 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Street Address	406 E WATER ST
City	PROSPECT
State	OH
Zip	43342-9564
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	GAST & DAVIS LOT 206 PG 9 101 2.00 136.00
Legal Subdivision	GAST & DAVIS
Legal Lot Number	206
Jurisdiction	MARION OH
Township / Civil Division	PROSPECT
Census Block Group	1
Census Block	1029
Census Tract	10500

Owner

Source: Marion County records, as of February 9, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	1333 BUTTERFIELD RD, 600, DOWNERS GROVE, IL 60515-5603
Owner Type	Individual
Vesting	Remainderman

Deeds, Mortgages & Sale History

Date	Document
Apr 30, 2024	Warranty Deed, Transfer · FHA Mortgage NEIGHBORHOOD LOANS
Aug 1, 2022	Executor's Deed, Transfer · FHA Mortgage UNION HOME MORTGAGE CORP
Jun 1, 2020	Warranty Deed, Transfer · FHA Mortgage MORTGAGE 1 AT SUBURBAN
Aug 17, 2020	Quit Claim Deed, Transfer NOT AVAILABLE

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Apr 30, 2024 · Amount on Record
Deed Sale	Apr 30, 2024 · Amount on Record
Prior Sale	Aug 1, 2022 · Amount on Record
Deed Document Number	20242254
Deed Book / Page	1694 / 423
Prior Transfer Date	Jul 25, 2020
Prior Transfer Doc	0015270480
Record Updated	Jun 8, 2026

April 2024: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION OH
Recording Date	Apr 30, 2024
Property Address	406 E WATER ST, PROSPECT, OH 43342-9564
Document Number	0016940423
Book / Page	1694 / 423
Instrument Date	Apr 26, 2024
Instrument	2024-02254
Transaction Type	Transfer
Record Updated	Jun 2, 2026
Title Company	ELITA LAND TITLE, ELITE LAND TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Right of Survivorship
Address	406 E WATER ST, PROSPECT, OH 43342-9564

Mortgage

Document Number	0202402255
Date	Apr 30, 2024
Instrument	2024-02255

Lender

Name	NEIGHBORHOOD LOANS
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	May 1, 2054

August 2022: Executor's Deed, Transfer

Document Type	Executor's Deed
Jurisdiction	MARION OH
Recording Date	Aug 1, 2022
Property Address	406 E WATER ST, PROSPECT, OH 43342-9564
Document Number	0016280769
Book / Page	1628 / 769
Instrument Date	Jun 28, 2022
Instrument	2022-05446
Transaction Type	Transfer
Record Updated	Aug 12, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Right of Survivorship

Mortgage

Document Number	0202205447
Date	Aug 1, 2022
Instrument	2022-05447

Lender

Name	UNION HOME MORTGAGE CORP
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Aug 1, 2052

June 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION OH
Recording Date	Jun 1, 2020
Property Address	406 E WATER ST, PROSPECT, OH 43342-9564
Document Number	0015170265
Book / Page	001517 / 000265
Instrument Date	May 29, 2020
Instrument	3237
Transaction Type	Transfer
Record Updated	Jul 16, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$640.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	43456 MOUND RD STERLING HEIGHTS MI 483142080, STERLING HEIGHTS, MI 48314-2080

Mortgage

Document Number	15170267
Date	Jun 1, 2020
Book Page	001517/000267
Instrument	3238

Lender

Name	MORTGAGE 1 AT SUBURBAN
Type	Mortgage Company
Address	STERLING HEIGHTS, MI 48314

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	May 31, 2050

August 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MARION OH
Recording Date	Aug 17, 2020
Property Address	406 E WATER ST, PROSPECT, OH 43342-9564
Document Number	0015270480
Book / Page	001527 / 000480
Instrument Date	Apr 1, 2016
Instrument	5077
Transaction Type	Transfer
Record Updated	Sep 24, 2020
Title Company	NOT AVAILABLE

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	43456 MOUND RD STERLING HEIGHTS MI 483142080, STERLING HEIGHTS, MI 48314-2080

Tax Assessment & Valuation

Source: Marion County assessment roll, as of February 9, 2026

Property Jurisdictions

Type	Name
State	Ohio
County	Marion County
County Subdivision	Prospect Township
Municipality	Prospect Village
Unified School District	Elgin Local School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,280.00 (+56.79%)	$81,870 (+88.38%) Land $9,290 Building $72,580	$233,910 (+88.38%) Land $26,540 Building $207,370
2024	$2,092.00 (+0.97%)	$43,460 (-) Land $9,740 Building $33,720
2023	$2,072.00 (-0.34%)	$43,460 (-) Land $9,740 Building $33,720
2022	$2,079.00	$43,460 Land $9,740 Building $33,720	$124,170 Land $27,830 Building $96,340

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 29, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Nearest Special Flood Hazard Area	Zone AE, within 100 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 44 policies
Nearby Flood Policies	44 in force
Nearby Flood Claims	82 (1978–2025)
Claims Outside the SFHA	7 of 82
Most Recent Claim	Apr 2025 · river or lake flooding
Claims by Event	Severe Winter Storms, Flooding, And Mudslides, Jan 2005 · 12 claims Severe Storms And Flooding, Aug 1995 · 17 claims Severe Storms & Flooding, Jul 1987 · 7 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	AQUA OHIO - MARION private · serves 47,102 people · EPA ID OH5100414
Water Source	Surface water
Last State Inspection	Mar 2025
Lead	4 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 328 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Frontier Fiber	7,000 / 7,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Mercury Fiber Fixed Wireless	150 / 20

May also be available: Bresco Broadband, Verizon.

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