NOT LISTED FOR SALE

1059 King Ave Lorain, OH 44052

Estimated Value: $179,000 - $228,000

3 Beds
1.5 Baths
1,792 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $140,200 $78 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,381/month

8 Days on Market

Highlights

  • 1 Fireplace
  • Bungalow
  • Property is Fully Fenced
  • Corner Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of October 2021

Lakeview Park Brick Home, Walk to Lake Erie metro park beach and eatery. Corner lot, 1792 Sq. Ft. 2 bedrooms down and one up. The second floor has another extra unfinished room (Floored) that could be finished 450 Sq. Ft. 2 car garage that has heat and a/c. Lorain is having re-birth and now is the time to buy.

Last Agent to Sell the Property

Gary Dodson

Howard Hanna License #290885 Listed on: 08/15/2021

Howard Hanna

Co-Listed By

Natalie Iafolla

Howard Hanna License #2014004565

Last Buyer's Agent

Donna Prostejovsky

Howard Hanna License #2018003480

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,994

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 140x54
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Parking

  • 2 Car Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • West Erie Park Allotment Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-029-106-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,994

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Bungalow
  • Price Per Square Foot: 78.24
  • Estimated Price per Sq Ft: 78.24
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1792
  • Year Built: 1948
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Appliances Equipment: Dishwasher, Range, Refrigerator
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Bedrooms on Main Level: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Room Count: 7
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 1792.00
  • Sq Ft Approx Total Finished: 1792.00

Exterior Features

  • Exterior: Brick
  • Fences: Full
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Door Opener
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: West Erie Park Allotment

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 140x54
  • Lot Description: Corner
  • Lot Size Units: Acres
  • Acres: 0.1700
  • Parcel Number: 02-02-029-106-017

Tax Info

  • Tax: 1994

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2021
Closed on
Sep 30, 2021
Sold by
Hennessee Ciurtney R and Farabaugh Courtney R
Bought by
Cedeno Julio A and Cedeno Ana Lydia
Seller's Agent
Gary Dodson
Howard Hanna
Buyer's Agent
Donna Prostejovsky
Howard Hanna
List Price
$135,000
Sold Price
$140,200
Premium/Discount to List
$5,200
3.85%
Current Estimated Value
$210,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,561
Avg. Annual Appreciation
9.33%
Original Mortgage
$137,660
Outstanding Balance
$126,887
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$73,269

Purchase Details

Closed on
Sep 17, 2020
Sold by
Farabough Gregory A
Bought by
Hennessee Courtney R and Farabaugh Courtney R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2019
Closed on
Sep 11, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Farabaugh Gregory A and Farabaugh Courtney R
Seller's Agent
John Lynch
Keller Williams Citywide
Buyer's Agent
Gary Dodson
Howard Hanna
List Price
$55,000
Sold Price
$57,000
Premium/Discount to List
$2,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.07%
Original Mortgage
$67,969
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 2017
Sold by
Lorain County Sheriff
Bought by
Loandepotcom Llc

Purchase Details

Closed on
Sep 29, 2017
Sold by
Loan Depot Com Llc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Aug 26, 2002
Sold by
Strickland Kathy J B and & Lepko Post L
Bought by
Young Kenneth L and Young Rae L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,623
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 9, 1999
Sold by
Nickoloff Ray and Nickoloff Lois J
Bought by
Strickland Kathy J and Post Laura L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cedeno Julio A $140,000 Barristers Of Ohio
Hennessee Courtney R -- First American Title Ins Co
Farabaugh Gregory A $57,000 Chicago Title
Loandepotcom Llc $50,000 --
Secretary Of Housing & Urban Development -- None Available
Young Kenneth L $118,500 Northstar Title Services
Strickland Kathy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cedeno Julio A $137,660
Previous Owner Hennessee Courtney R $72,000
Previous Owner Farabaugh Gregory A $67,969
Previous Owner Young Kenneth L $116,623
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $140,200 +3.9% $78 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/15/2021 08/15/21 For Sale $135,000 +136.8% $75 / Sq Ft
09/12/2019 09/12/19 Sold $57,000 +3.6% $32 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $55,000 -- $31 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,160 $76,640 $12,359 $64,281
2023 $2,116 $41,076 $10,241 $30,835
2022 $2,097 $41,076 $10,241 $30,835
2021 $2,152 $41,076 $10,241 $30,835
2020 $1,994 $33,070 $8,430 $24,640
2019 $1,983 $33,070 $8,430 $24,640
2018 $1,984 $33,070 $8,430 $24,640
2017 $2,083 $33,510 $7,950 $25,560
2016 $2,066 $33,510 $7,950 $25,560
2015 $1,949 $33,510 $7,950 $25,560
2014 $2,143 $37,020 $8,780 $28,240
2013 $1,624 $37,020 $8,780 $28,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4308654

MLS Now

APN: 02-02-029-106-017