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2531 N McDonel St, Lima, OH, 45801

4beds
2baths
2,026sqft
$275,000
$136price/sqft
$2,101/moest. monthly cost
$84,040/yrincome needed

About This Home

Welcome home to this beautifully updated 4-bedroom, 2-bathroom home offering 2,026 square feet of move-in-ready living space! Situated on nearly half an acre, this property provides the perfect combination of modern updates, functional space, and room to enjoy both inside and out. The completely renovated interior features a bright, open feel with stylish finishes throughout. The kitchen is equipped with sleek stainless steel appliances, making it ideal for both everyday living and entertaining. Spacious bedrooms, updated bathrooms, and thoughtful upgrades throughout the home mean there's nothing left to do but move in. Outside, you'll appreciate the expansive yard with plenty of space for kids, pets, gardening, or hosting family and friends. A 3-car garage offers abundant room for vehicles, storage, or a workshop. This property also presents an excellent investment opportunity. Previously used as a successful college student rental, the spacious layout and four-bedroom design make it well-suited for continued rental income or shared living arrangements. Whether you're searching for your next family home or a turnkey investment property, this one checks all the boxes. Schedule your private showing today before it's gone!

Getting Around

18
WalkingCar-Dependent
0
TransitNo Nearby Transit
32
BikeSomewhat Bikeable

Schools

5/10
Elida Elementary SchoolGrades K-54.0 mi
8/10
Elida Middle SchoolGrades 6-84.1 mi
5/10
Elida High SchoolGrades 9-124.5 mi

Construction

Condition

  • Year built: 1949

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Range,Refrigerator

Bedroom1

  • Level: First
  • Area: 99
  • Dimensions: 11 x 9

Bedroom2

  • Level: Second
  • Area: 144
  • Dimensions: 12 x 12

Bedroom3

  • Level: Second
  • Area: 165
  • Dimensions: 11 x 15

Bedroom4

  • Level: Second
  • Area: 132
  • Dimensions: 11 x 12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Family Room

  • Level: First
  • Area: 462
  • Dimensions: 21 x 22

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,026
  • Total interior livable area: 2,026 sqft

Kitchen

  • Level: First
  • Area: 132
  • Dimensions: 11 x 12

Living Room

  • Level: First
  • Area: 165
  • Dimensions: 15 x 11

Other

  • Level: First
  • Area: 77
  • Dimensions: 11 x 7

Property

Details

  • Parcel number: 36130404009.000
  • Zoning description: Residential

Features

  • Levels: Two
  • Patio & porch: Patio

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Hail
Inland Flooding
Ice Storm
Lightning
Tornado

FEMA Declared Disasters Across Ohio Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,390$16,680
Home Insurance *$252$3,024
Property Taxes $242$2,904
Electricity $217$2,607
Total$2,101$25,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,034/yr
40% on housing$63,030/yr
45% on housing$56,026/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 45801$90
Allen County$112

vs Homes Sold Last Month

Median $/sqft

ZIP 45801$94
Allen County$116

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$275,000
2023-10-27Sold$235,000
2023-10-12Pending sale$250,000
2023-10-10Listed for sale$250,000
2023-04-21Sold$54,900
2022-01-11Sold$85,256
2014-11-26Sold$79,900
2014-07-31Price change$79,400
2014-06-28Price change$79,900
2014-04-07Listed for sale$80,000
2013-11-02Listing removed$83,000
2013-10-31Listed for sale$83,000
2006-09-29Sold$75,500

For Sale by Agent

AgentShane Lambert
BrokerageHoward Hanna - Sidney

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