1438 Somerlot Hoffman Rd W

Marion, Ohio, 43302

HybridpendingSells Oct 10, 2026 · in 4 days

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Opening bid

$100,000

Assessed value

$76,260

Land $11,200Improvement $65,060

Market / AVM

$285,000

Taxes owed

—

Parcel number: 25-014000.2300
Case number: —
Land use: Residential
Beds / baths: 2 bd · 1 ba
Building: 1,456 sqft
Acreage: 1
Lot size: 43,560 sqft
Year built: 2011
Owner of record: Kenneth Amerine
Last sale: $25,000 · 2010-11-03

Property facts enriched via realestateapi · 9/29/2026

Aerial view of 1438 Somerlot Hoffman Rd W — the parcel

Aerial view of 1438 Somerlot Hoffman Rd W — what is around it

Property detail

RealEstateAPI PropertyDetail · Every populated field, as returned · 232 values

Summary(25)

Id	219,055,267
Beds	2
Baths	1
Equity	$187,501
Auction	Yes
Judgment	Yes
Flood zone	Yes
High equity	Yes
Notice type	FOR
Last sale date	2010-11-03

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

Google Maps (parcel / address search) ↗

Marion County rules

Sale type: Hybrid
Redemption: 1 year from lien certificate sale (varies); forfeiture-to-deed track has no redemption once complete
Return if redeemed: Lien: up to 18% per annum, county-set
Statute: Ohio Revised Code Ch. 5721

Full county profile →

Historical comps

No historical bucket for OH|Hybrid

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Tax vs. mortgage judicial paths differ. After proper tax/sheriff sale, most junior private liens are cut off if parties were joined; federal liens can survive. Full title search mandatory.

Quiet title

Confirmation helps; quiet title still common for resale on occupied inventory.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

Marion County, OH — Sheriff Sales ↗

Deal analysis

Your maximum bid

$167,165

Walk away above this. Projected profit at the ceiling: $85,500 (30% of ARV).

Opening bid $100,000

Room to bid $67,165

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$120,179

Under max by $46,986

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for OH|Hybrid; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $285,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $285,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$22,800
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical OH range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical OH recording and deed issuance cost.: −$150
Holding costs (14 months)assumed Taxes, insurance, and securing the property at ~$428/month.: −$5,985
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$85,500
Maximum bid: $167,165

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE FIRST SALE HAS A MARKET-VALUE FLOOR, WHICH IS WHY MOST OHIO PARCELS SHOW NO BID ROOM. R.C. 5721.19(A) lets the court order a parcel sold "without appraisal, for not less than either of the following: (1) The fair market value of the parcel, as determined by the county auditor, plus the costs incurred in the foreclosure proceeding" — or the total of the finding plus costs. Where the court picks the first, the minimum bid is market value and there is no discount to win. A max bid below the opening bid is the statute working, not a data error.
Farmland enrolled in Ohio's CAUV programme is assessed on its current agricultural use value rather than market value (R.C. 5713.31), and the two differ by an order of magnitude on development-fringe land. Dividing a CAUV assessment by 0.35 returns roughly the agricultural value, not what the parcel would sell for — it understates, which is the safe direction, but it makes a genuinely valuable parcel look worthless. Most of the Ohio inventory sits in rural counties where enrolment is common, so check the auditor's record for a CAUV flag before accepting a low derived ARV.

AI risk brief

Reads this parcel against MarionCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.

219,055,267

Beds

Baths

Equity

$187,501

Auction

Yes

Judgment

Yes

Flood zone

Yes

High equity

Yes

Notice type

FOR

Last sale date

2010-11-03