501 E South St, Gratis, OH 45330 Property Records

Preble County property record for 501 E South St, Gratis, OH 45330

Property Summary

Property Type	Single Family Home
Details	2 bd · 1 ba · 1,050 sqft · built 1977
Lot Size	0.96 acres (41,818 sqft)
Owner	2 Individual Names on File
Tax Bill	$1,308 (2025)
Deeds & Mortgages	Jun 2025 Line of Credit Nov 2023 Line of Credit + 2 more
Flood Zone	Zone X (minimal risk)
APN	`C06-0010-012-00-002-000`

Property Details

APN / Parcel Number

Primary APN	`C06-0010-012-00-002-000`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,050 sqft Living Area
1st Floor Area	1,050 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1977
Effective Year Built	Effective 1995
Exterior Material	Wood
Construction Type	Frame
Foundation Type	Raised
Roof Type	Gable
Roof Material	Shingle
Lot Area	41,818 sqft (0.96 acres)
Terrain	Rolling
Garage Type	Detached
Garage Area	480 sqft
Parking Spaces	2 Parking Spaces
Deck Area	Deck Area
Patio Area	576 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	501 E SOUTH ST
City	GRATIS
State	OH
Zip	45330-3601
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 246
Legal Subdivision	GRATIS
Legal Lot Number	246
Jurisdiction	PREBLE OH
Township / Civil Division	GRATIS
Census Block Group	3
Census Block	3008
Census Tract	480100

Owner

501 E South St is owned and occupied by two individuals who acquired it in November 2025.

Source: Preble County records, as of May 21, 2026

Owner of Record	2 Individual Names on File
Mailing Address	501 E SOUTH ST, GRATIS, OH 45330-3601
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Remainderman

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jun 12, 2025	Deed of Trust, Mortgage · Line of Credit SOMERVILLE BANK
Nov 30, 2023	Deed of Trust, Mortgage · Line of Credit SOMERVILLE BANK
Nov 17, 2025	Survivorship Deed, Transfer · FHA Mortgage DAS ACQUISITION
Aug 24, 2021	Warranty Deed, Transfer FREEDOM TITLE AGENCY INC, FREEDOM TITLE CO INC

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Nov 17, 2025
Deed Sale	Nov 17, 2025
Prior Sale	May 10, 2013 · Amount on File
Deed Document Number	20254910
Deed Book / Page	473 / 285
Prior Transfer Date	Jul 2, 2025
Prior Transfer Doc	000468/701
Record Updated	Oct 29, 2026

June 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	PREBLE OH
Property Address	501 E SOUTH ST, GRATIS, OH 45330-3601
Transaction Type	Mortgage
Record Updated	Dec 19, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	00467/1050
Date	Jun 12, 2025
Book Page	467/1050
Instrument	202500002314

Lender

Name	SOMERVILLE BANK
Type	Bank
Address	EATON, OH 45320

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	240 Months
Due	Jun 15, 2045

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

November 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	PREBLE OH
Property Address	501 E SOUTH ST, GRATIS, OH 45330-3601
Transaction Type	Mortgage
Record Updated	Dec 19, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	000451/268
Date	Nov 30, 2023
Book Page	451/268
Instrument	202300004695

Lender

Name	SOMERVILLE BANK
Type	Bank
Address	EATON, OH 45320

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	240 Months
Due	Nov 27, 2043

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

November 2025: Survivorship Deed, Transfer

Document Type	Survivorship Deed
Jurisdiction	PREBLE OH
Recording Date	Nov 17, 2025
Property Address	501 E SOUTH ST, GRATIS, OH 45330-3601
Document Number	000473/285
Book / Page	473 / 285
Instrument Date	Nov 6, 2025
Instrument	202500004910
Transaction Type	Transfer
Record Updated	Dec 19, 2025
Title Company	AMERICAN HOMELAND TITLE AGENCY, AMERICAN HOMELAND TITLE AGCY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$254.60
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	501 E SOUTH ST, GRATIS, OH 45330-3601

Mortgage

Document Number	202500004911
Date	Nov 17, 2025
Instrument	202500004911

Lender

Name	DAS ACQUISITION
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Dec 1, 2055

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	PREBLE OH
Recording Date	Aug 24, 2021
Property Address	501 SOUTH ST, EATON, OH 45320
Document Number	00423/1799
Book / Page	423 / 1799
Instrument Date	Aug 20, 2021
Instrument	202100004856
Transaction Type	Transfer
Record Updated	Aug 28, 2023
Title Company	FREEDOM TITLE AGENCY INC, FREEDOM TITLE CO INC

Transaction

Amount	Amount on Record
Tax	$315.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7882 VERONA RD LOT A, A, LEWISBURG, OH 45338-7500

Tax Assessment & Valuation

The 2025 property tax bill for 501 E South St was $1,308 with a homeowner's exemption, down 1.2% from the year before.

Source: Preble County assessment roll, as of March 17, 2026

Property Jurisdictions

Type	Name
State	Ohio
County	Preble County
County Subdivision	Gratis Township
Municipality	Gratis Village
Unified School District	Preble Shawnee Local School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,308.00 (-1.21%) Homeowner's exemption	$33,960 (-) Land $3,120 Building $30,840
2024	$1,324.00 (+8.79%) Homeowner's exemption	$33,960 (-) Land $3,120 Building $30,840
2023	$1,217.00 (+31.57%) Homeowner's exemption	$33,960 (+41.21%) Land $3,120 Building $30,840	$97,000 Land $8,900 Building $88,100
2022	$925.00 Homeowner's exemption	$24,050 Land $3,120 Building $20,930
2020			$97,000 Land $8,900 Building $88,100

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 501 E South St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective May 7, 2024

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 501 E South St is low, with a 0.01% annual chance of wildfire.

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

Wildfire Risk	Low lower than 80% of the US · above 64% of Ohio
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

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	GRATIS VILLAGE PWS serves 990 people · EPA ID OH6800612
Water Source	Groundwater
Last State Inspection	Apr 2025
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 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. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 44 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Watch TV Fixed Wireless	400 / 40
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T.

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