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$69,000
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Property Description
Investors! Look at this great value add property, great ARV- ready for your updates! This Conventional style 3 bedroom, one full bath home offers a space with a great layout, nice sized yard and lots of potential! The main level offers nice hardwood floors in entryway, living room and dining room! Large kitchen offers space for a dinette area! The second level has 3 nice sized bedrooms and a full bath, plenty of closet space and more! Once car detached garage, asphalt driveway, quiet street! Large front porch, additional back entrance, extra space in basement for recreation if finished! Selling AS IS. No utilities will be turned on for any inspections/appraisals! Priced to sell, please do diligence during showings before offers! Newer hot water tank, Roof year unknown-no leaks, furnace year unknown. Close to shopping, restaurants, parks, hospital, recreation and more! No seller financing.
Full Property Details
Full Property Details for 508 N Collett St
General
- Price: $69,000
- Taxes: $512 (2024)
- Status: Active
- Type: Single Family
- Source: 505
- MLS ID: 5176050
- Updated: 12/7/2025
- Added to Site: 43 day(s) ago
Interior
- Number of Rooms: 5
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup
Exterior
- Porch/Patio/Deck: Front Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Asphalt
Location
- County: Allen
- Township: Lima
- Subdivision: Collinwood Add
- Driving Directions: South of E. Main St, Nort of E Michigan Ave, Just East of North Sprinkle Road.
School Information
- Elem School District: Lima CSD - 206
- Midd School District: Lima CSD - 206
- High School District: Lima CSD - 206
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Property Detached: Yes
- Architectural Style: Conventional
- Construction: Other
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Square Feet: 945
- Living Area: 945 Sq. Ft.
- Finished Above Grnd: 945 Sq. Ft.
- Year Built: 1920
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.085
- Lot Size: .085
- Lot Size Source: Public Records
- Lot Dimensions: 42 x 88
- Fencing (Description): None
Financial Considerations
- Tax Amount: $512
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: COLLINWOOD ADD LOTS 7528 MD PT & 7529 MD PT FF 42.00
- Property ID: 36-25-12-12-018.000
Listed by Coldwell Banker Schmidt Realty, Leilani M Bowersock
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Schools
Schools serving 508 N Collett St
School District:Lima City School District
| Name | Grades | Distance |
|---|---|---|
Heritage Elementary School, Lima, OH 816 College Avenue, Lima, OH 45805 | PK-4 | 0.4 mi |
Lima North Middle School 1135 North West Street, Lima, OH 45801 | 5-6 | 1 mi |
Lima West Middle School 503 North Cable Road, Lima, OH 45805 | 6-8 | 1.6 mi |
Lima Senior High School 1 Spartan Way, Lima, OH 45801 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 N Collett St
Date
Details
Price
Change
Source
12/07/2025
Listed
$69,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 508 N Collett St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$512
—
$12,710
14%
2023
$513
-14%
$11,140
—
2022
$594
9%
$11,140
—
2021
$544
—
$11,140
13%
2020
$542
—
$9,870
—
2019
$543
1%
$9,870
—
2018
$537
-1%
$9,870
—
2017
$545
-1%
$9,870
—
2016
$552
-2%
$9,870
—
2015
$561
-4%
$9,870
-5%
2014
$587
3%
$10,430
—
2013
$572
—
$10,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 N Collett St
508 N Collett Street, Lima, OH 45805 (MLS# 5176050) is a Single Family property with 3 bedrooms and 1 full bathroom. 508 N Collett Street is currently listed for $69,000 and was received on December 07, 2025. Want to learn more about 508 N Collett Street? Do you have questions about finding other Single Family real estate for sale in Lima? You can browse all Lima real estate or contact a Coldwell Banker agent to request more information.
