503 E Water St, Prospect, OH 43342 Property Records

Marion County property record for 503 E Water St, Prospect, OH 43342

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 1,464 sqft · built 1950
Lot Size	0.143 acres (6,245 sqft)
Owner	Individual on Record
Last Sale	$75,500 (Nov 1998)
Tax Bill	$2,014 (2025)
Deeds & Mortgages	Jan 2020 Line of Credit Jul 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`27-0010019.100`

Property Details

APN / Parcel Number

Primary APN	`27-0010019.100`
Alternative APN	`060000500`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	9 Rooms
Stories	1 Story
Building Area	1,464 sqft Living Area
1st Floor Area	1,096 sqft
Upper Floors Area	368 sqft
Flooring	Carpet
Interior Walls	Block

Exterior

Year Built	Built 1950
Effective Year Built	Effective 1950
Construction Type	Frame
Roof Material	Other
Lot Area	6,245 sqft (0.143 acres)
Garage Type	Detached
Garage Area	336 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Street Address	503 E WATER ST
City	PROSPECT
State	OH
Zip	43342-9724
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	GAST & DAVIS LOT 242 PG 14 101 1.00 191.00
Legal Subdivision	GAST & DAVIS
Legal Lot Number	242
Jurisdiction	MARION OH
Township / Civil Division	PROSPECT
Census Block Group	1
Census Block	1035
Census Tract	10500

Owner

Source: Marion County assessment roll, 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	Individual on Record
Mailing Address	503 E WATER ST, PROSPECT, OH 43342-9724
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jan 28, 2020	Deed of Trust, Mortgage · Line of Credit FLAGSTAR BANK FSB
Jul 23, 2019	Intrafamily Transfer, Transfer · Conventional Mortgage FLAGSTAR BANK FSB

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 2, 1998 · Amount on Record
Deed Sale	Nov 2, 1998 · Amount on Record
Prior Sale	Oct 24, 1997 · Amount on Record
Deed Document Number	19981385
Last Transfer Date	Jul 11, 2019
Transfer Doc	0014800754
Record Updated	Jun 8, 2026

January 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OH
Property Address	503 E WATER ST, PROSPECT, OH 43342-9724
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0015020814
Date	Jan 28, 2020
Book Page	1502/0814
Instrument	2020-00546

Lender

Name	FLAGSTAR BANK FSB
Type	Bank
Address	TROY, MI 48098

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	361 Months
Due	Feb 1, 2050

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

July 2019: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MARION OH
Recording Date	Jul 23, 2019
Property Address	503 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0014800754
Book / Page	1480 / 0754
Instrument Date	Jul 11, 2019
Instrument	2019-04766
Transaction Type	Transfer
Record Updated	May 9, 2022

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 E WATER ST, PROSPECT, OH 43342-9724

Mortgage

Document Number	0201904767
Date	Jul 23, 2019
Instrument	2019-04767

Lender

Name	FLAGSTAR BANK FSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Jul 1, 2034

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	$2,014.00 (+4.14%)	$49,090 (+25.26%) Land $7,880 Building $41,210	$140,250 (+25.26%) Land $22,510 Building $117,740
2024	$1,934.00 (+0.94%)	$39,190 (-) Land $8,250 Building $30,940
2023	$1,916.00 (-0.31%)	$39,190 (-) Land $8,250 Building $30,940
2022	$1,922.00	$39,190 Land $8,250 Building $30,940	$111,970 Land $23,570 Building $88,400

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

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 minimal risk
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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