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1209 Rice Ave, Lima, OH, 45805

3beds
1baths
1,548sqft
$88,000
$57price/sqft
$771/moest. monthly cost
$30,840/yrincome needed

About This Home

Investors! Look at this Turnkey 3 Bedroom, one full bath Colonial! Tenant occupied at $1100/month plus tenant pays their own gas/electric! Updates include: Siding, LVP flooring in kitchen, hot water tank, new electrical panel/wiring, hardwood floors refinished, interior paint, ceilings redone, Bathroom remodel with new LVP flooring/paint/tub surround/toilet, interior light fixtures, and third level attic converted into a large third bedroom!! Roof year unknown, no leaks. Furnace within 10 years. Woodburning Fireplace in Living Room! Cozy front porch, Nice lot, quiet street! Solid home! Contact co-list agent with questions. Ask us about the 6 other tenant occupied investments for sale plus 18 single family value add properties in the area! AS IS, no seller financing, Hurry- this will not last long!

Getting Around

52
WalkingSomewhat Walkable
22
TransitMinimal Transit
45
BikeSomewhat Bikeable

Schools

2/10
3/10
Lima West Middle SchoolGrades 7-81.1 mi
2/10
Lima Senior High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Block
  • Roof: Asphalt,Fiberglass
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Conventional
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer Hookup,Electric Dryer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,548

Heating & Cooling

  • Heating features: Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,548
  • Total interior livable area: 1,548 sqft

Property

Details

  • Parcel number: 36261215002.000
  • Special condition: Standard

Features

  • Levels: Three Or More,Two
  • Stories: 2
  • Patio & porch: Front Porch
  • Fencing: None

Lot

  • Lot size: 1,829 sqft
  • Lot size dimensions: 37 x 50

Parking

  • Parking features: Electricity

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 $444$5,328
Home Insurance *$57$684
Property Taxes $77$924
Electricity $193$2,320
Total$771$9,252
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,434/yr
40% on housing$23,130/yr
45% on housing$20,560/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

$57This listing

vs Other Active Listings

Avg $/sqft

ZIP 45805$108
Allen County$112

vs Homes Sold Last Month

Median $/sqft

ZIP 45805$132
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
2026-04-25Price change$89,000
2026-03-03Price change$99,000
2026-02-21Price change$110,000
2026-01-27Listed for sale$115,000
2025-10-10Listing removed$70,750
2025-07-09Listed for sale$70,750
2023-04-05Listing removed--
2023-03-25Listed for rent$850
2023-02-27Listing removed--
2023-02-20Listed for rent$850
2022-03-22Sold$33,961
2022-01-11Pending sale$39,900
2021-12-15Price change$39,900
2021-06-23Listed for sale$49,900
2000-10-04Sold$55,000
2000-07-31Sold$91,900
1995-06-27Sold$20,000

For Sale by Agent

AgentLeilani M Bowersock
BrokerageColdwell Banker Schmidt Realty

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