507 Prospect Ave, Lima, OH 45804 Property Records

Allen County property record for 507 Prospect Ave, Lima, OH 45804

Property Summary

Property Type	Single Family Home
Details	2 bd · 1 ba · 800 sqft · built 1912
Lot Size	0.138 acres (6,011 sqft)
Owner	Company Name on Record
Last Sale	$35,000 (Apr 2020)
Tax Bill	$532 (2025)
Deeds & Mortgages	Jan 2022 Line of Credit Apr 2020 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`37-3112-02-010.000`

Property Details

APN / Parcel Number

Primary APN	`37-3112-02-010.000`
Alternative APN	`M3837311202010000`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	800 sqft Living Area
Gross Area	1,670 sqft
1st Floor Area	800 sqft
Basement Area	792 sqft

Exterior

Year Built	Built 1912
Effective Year Built	Effective 2003
Architectural Style	Conventional
Exterior Material	Wood
Construction Type	Frame
Lot Area	6,011 sqft (0.138 acres)
Lot Dimensions	150 ft deep x 40 ft wide
Garage Type	Detached
Garage Area	576 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Enclosed Frame Porch
Porch Area	246 sqft
Patio Area	104 sqft
Canopy	104 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas
Sewer	Storm Sewer
Water Source	Commercial

Location & Zoning

Street Address	507 PROSPECT AVE
City	LIMA
State	OH
Zip	45804-1455
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	T K JACOBS 14TH ADDITION LOTS 8422 S SIDE 8423 N SIDE FF 40.00
Legal Subdivision	T K JACOBS 14TH ADDITION
Legal Lot Number	8422
Jurisdiction	ALLEN OH
Township / Civil Division	LIMA
Census Block Group	1
Census Block	1013
Census Tract	12700

Owner

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

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

Owner of Record	Company Name on Record
Mailing Address	507 PROSPECT AVE, LIMA, OH 45804-1455
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jan 4, 2022	Deed of Trust, Mortgage · Line of Credit THE UNION BANK CO
Apr 15, 2020	Warranty Deed, Transfer ATTORNEY ONLY
Aug 2, 2017	Quit Claim Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 15, 2020 · Amount on Record
Deed Sale	Apr 15, 2020 · Amount on Record
Prior Sale	Jul 26, 2016 · Amount on Record
Deed Document Number	20203788
Deed Book / Page	2020 / 3788
Prior Transfer Date	Jun 9, 2005
Prior Transfer Doc	0000010103
Record Updated	Oct 29, 2026

January 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ALLEN OH
Property Address	507 PROSPECT AVE, LIMA, OH 45804-1455
Transaction Type	Mortgage
Record Updated	Sep 14, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	1040000073
Date	Jan 4, 2022
Book Page	2022/73
Instrument	202201040000073

Lender

Name	THE UNION BANK CO
Type	Bank
Address	LIMA, OH 45804

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Jan 15, 2032

Interest

Rate Type	Adjustable Rate

April 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	ALLEN OH
Recording Date	Apr 15, 2020
Property Address	507 PROSPECT AVE, LIMA, OH 45804-1455
Document Number	0000003788
Instrument Date	Apr 15, 2020
Instrument	3788
Transaction Type	Transfer
Record Updated	Jun 30, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Tax	$105.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1420 ELIDA RD LIMA OH 458051508, LIMA, OH 45805-1508

August 2017: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	ALLEN OH
Recording Date	Aug 2, 2017
Property Address	507 PROSPECT AVE, LIMA, OH 45804-1455
Document Number	0000008523
Instrument Date	Aug 1, 2017
Instrument	8523
Transaction Type	Transfer
Record Updated	Aug 14, 2017
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	103 OVAL DR LIMA OH 458012054, LIMA, OH 45801-2054

Tax Assessment & Valuation

Source: Allen County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Ohio
County	Allen County
Municipality	Lima City
Unified School District	Lima City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$532.00 (+0.38%)	$13,230 (-) Land $980 Building $12,250	$37,800 (-) Land $2,800 Building $35,000
2024	$530.00 (-7.34%)	$13,230 (+4.92%) Land $980 Building $12,250	$37,800 (+5%) Land $2,800 Building $35,000
2023	$572.00 (-0.17%)	$12,610 (-) Land $950 Building $11,660
2022	$573.00	$12,610 Land $950 Building $11,660
2021			$36,000 Land $2,700 Building $33,300

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 June 20, 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

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	LIMA CITY serves 65,619 people · EPA ID OH0200811
Water Source	Surface water
Last State Inspection	Feb 2025
Lead	Under 1 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	Treatment failure resolved · May 2026 Total trihalomethanes resolved · Apr 2024 Turbidity resolved · Dec 2016
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 347 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Brightspeed Fiber	2,000 / 2,000
Spectrum Cable	1,000 / 1,000
Watch TV Fixed Wireless	400 / 40
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: MetaLINK Technologies.

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