507 E Water St, Prospect, OH 43342 Property Records

Marion County property record for 507 E Water St, Prospect, OH 43342

Property Summary

Property Type	Single Family Home
Details	4 bd · 1 ba · 1,139 sqft · built 1940
Lot Size	0.136 acres (5,940 sqft)
Owner	Individual Name on Record
Last Sale	$154,000 (Dec 2022)
Tax Bill	$2,065 (2025)
Deeds & Mortgages	Dec 2022 Mortgage Apr 2021 Sale + 3 more
Flood Zone	Zone X (minimal risk)
APN	`27-001001.8900`

Property Details

APN / Parcel Number

Primary APN	`27-001001.8900`

Interior

Bedrooms	4 Beds
Full Baths	1 Bath
Plumbing Fixtures	4 Plumbing Fixtures
Total Rooms	6 Rooms
Stories	2 Stories
Building Area	1,139 sqft Living Area
1st Floor Area	979 sqft
Upper Floors Area	160 sqft
Interior Walls	Block

Exterior

Year Built	Built 1940
Construction Type	Frame
Roof Material	Shingle
Lot Area	5,940 sqft
Garage Type	Detached
Garage Area	288 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Street Address	507 E WATER ST
City	PROSPECT
State	OH
Zip	43342-9724
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	GAST & DAVIS LOT 240 PG 14 101 1.00 189.00
Legal Subdivision	GAST & DAVIS ADD
Legal Lot Number	240
Jurisdiction	MARION OH
Township / Civil Division	PROSPECT
Census Block Group	1
Census Block	1035
Census Tract	10500

Owner

Source: Marion County records, as of February 26, 2026

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

Owner of Record	Individual Name on Record
Mailing Address	507 E WATER ST, PROSPECT, OH 43342-9724
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Dec 21, 2022	Warranty Deed, Transfer · FHA Mortgage GUARANTEED RATE INC
Apr 13, 2021	Fiduciary Deed, Transfer
Sep 12, 2018	Warranty Deed, Transfer ATTORNEY ONLY
Aug 20, 2018	Trustee's Deed, Construction Loan · Construction Mortgage 1ST SIGNATURE LNDG
Jun 13, 2018	Grant Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 21, 2022 · Amount on Record
Deed Sale	Dec 21, 2022 · Amount on Record
Prior Sale	Apr 13, 2021 · Amount on Record
Deed Document Number	0016440589
Deed Book / Page	1644 / 589
Record Updated	Jun 8, 2026

December 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION OH
Recording Date	Dec 21, 2022
Property Address	507 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0016440589
Book / Page	1644 / 589
Instrument Date	Dec 7, 2022
Instrument	2022-08736
Transaction Type	Transfer
Record Updated	Jan 4, 2023
Title Company	STEWART TITLE COMPANY-F, STEWART TITLE COMPANY

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3940 N RAVENSWOOD AVE, CHICAGO, IL 60613-2420

Mortgage

Document Number	0202208737
Date	Dec 21, 2022
Instrument	2022-08737

Lender

Name	GUARANTEED RATE INC
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2053

April 2021: Fiduciary Deed, Transfer

Document Type	Fiduciary Deed
Jurisdiction	MARION OH
Recording Date	Apr 13, 2021
Property Address	507 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0015610966
Book / Page	1561 / 966
Instrument Date	Apr 7, 2021
Instrument	2021-02997
Transaction Type	Transfer
Record Updated	May 9, 2022

Transaction

Amount	Amount Recorded
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
Address	507 E WATER ST, PROSPECT, OH 43342-9724

September 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION OH
Recording Date	Sep 12, 2018
Property Address	507 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0014470506
Book / Page	001447 / 000506
Instrument Date	Sep 11, 2018
Instrument	6545
Transaction Type	Transfer
Record Updated	Sep 28, 2018
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	507 E WATER ST PROSPECT OH 433429724, PROSPECT, OH 43342-9724

August 2018: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	MARION OH
Recording Date	Aug 20, 2018
Property Address	507 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0014440527
Book / Page	001444 / 000527
Instrument Date	Jul 16, 2018
Instrument	5865
Transaction Type	Construction Loan
Record Updated	Sep 11, 2018
Title Company	OTHER

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	6673 DUNBAR RD PROSPECT OH 43342, PROSPECT, OH 43342

Mortgage

Document Number	14440527
Date	Aug 20, 2018
Book Page	001444/000527
Instrument	5865

Lender

Name	1ST SIGNATURE LNDG
Address	INDIANAPOLIS, IN 46256

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Aug 19, 2048

June 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MARION OH
Recording Date	Jun 13, 2018
Property Address	507 E WATER ST, PROSPECT, OH 43342-9724
Document Number	0014360668
Book / Page	001436 / 000668
Instrument Date	Jun 11, 2018
Instrument	4112
Transaction Type	Transfer
Record Updated	Jul 4, 2018
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Tax	$32.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	DUNBAR RD PROSPECT OH 43342, PROSPECT, OH 43342

Tax Assessment & Valuation

Source: Marion County assessment roll, as of August 1, 2025

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	$2,065.00 (+12.41%)	$51,520 (+35.01%) Land $7,880 Building $43,640	$147,200 (+35.01%) Land $22,510 Building $124,690
2024	$1,837.00 (+0.93%)	$38,160 (-) Land $8,250 Building $29,910
2023	$1,820.00 (+50.54%)	$38,160 (+51.01%) Land $8,250 Building $29,910
2022	$1,209.00	$25,270 Land $8,250 Building $17,020	$109,030 Land $23,570 Building $85,460

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

Nearby Properties on E Water St

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures