NOT LISTED FOR SALE

1063 W 21st St Lorain, OH 44052

Lorain Area

Estimated Value: $119,000 - $182,000

7 Beds
3 Baths
2,890 Sq Ft
$53/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2024

Last sale price $117,000 $40 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,084 / mo

6 Days on Market

About This Home

As of August 2024

Welcome to this incredible investment opportunity! This income-producing property boasts three units, offering a potential rental income of $2500+ per month. Located in a prime location within an up-and-coming area, this property promises significant growth potential.
Unit 1: 3 bedrooms, 1 bathroom - mostly gutted and primed for your final touches to make it your own.
Unit 2: 2 bedrooms, 1 bathroom - almost completely renovated, ready for immediate occupancy.
Unit 3: 2 bedrooms, 1 bathroom - also almost fully renovated, with modern upgrades and stylish finishes.
The property features a large paved parking area, providing ample space for tenants and guests. While it needs a bit of TLC, the possibilities are endless with this gem. Don't miss out on the chance to invest in a property with so much potential in a rapidly developing neighborhood. AS-IS property!

Last Agent to Sell the Property

Mathew Chase

Keller Williams Greater Metropolitan Brokerage Email: matt@chasegrouprealestate.com 440-452-2000 License #2013002819 Listed on: 07/25/2024

Keller Williams Greater Metropolitan

Co-Listed By

Danielle Sutcliffe

Keller Williams Greater Metropolitan Brokerage Email: matt@chasegrouprealestate.com 440-452-2000 License #2019002962

Last Buyer's Agent

Mathew Chase

Keller Williams Greater Metropolitan Brokerage Email: matt@chasegrouprealestate.com 440-452-2000 License #2013002819 Listed on: 07/25/2024

Keller Williams Greater Metropolitan
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,894

Year Built

  • Built in 1974

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,890 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-01-006-149-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,894

Year Built

Built in 1974

Lot Details

7,841 Sq Ft Lot

Listing Details

  • MLS Status: Closed
  • Standard Status: Closed
  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1974
  • Attribution Contact: matt@chasegrouprealestate.com 440-452-2000
  • Co List Office Phone: 216-839-5500
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 2890.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Acres: 0.18
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-006-149-001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2894.08

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Aug 16, 2024
Sold by
Sdrproperties Llc
Bought by
Seller's Agent
Mathew Chase
Keller Williams Greater Metropolitan
Buyer's Agent
Mathew Chase
Keller Williams Greater Metropolitan
List Price
$119,900
Sold Price
$117,000
Premium/Discount to List
-$2,900
-2.42%
Views
33
Current Estimated Value
$157,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,504
Avg. Annual Appreciation
13.95%

Purchase Details

Listed on
Nov 27, 2023
Closed on
Feb 2, 2024
Sold by
Davis Madeline
Bought by
Sdrproperties Llc
Seller's Agent
Anthony Mendez
House to Home Real Estate Professionals, LLC.
Buyer's Agent
Jennifer Alicea-Volak
Deleted Agent
List Price
$74,900
Sold Price
$68,000
Premium/Discount to List
-$6,900
-9.21%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
173.17%

Purchase Details

Closed on
Oct 15, 2007
Sold by
Emerich John and Emerich Judy
Bought by
Davis Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 1997
Sold by
Daniel B Thompson
Bought by
Emerich John M and Emerich Judy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lorain, OH

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$117,000 Fidelity National Title
Sdrproperties Llc $68,000 None Listed On Document
Davis Gordon $55,000 Old Republic Title
Emerich John M $45,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $41,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2024 08/16/24 Sold $117,000 -2.4% $40 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $119,900 +76.3% $41 / Sq Ft
02/02/2024 02/02/24 Sold $68,000 -9.2% $24 / Sq Ft View Prior Sale
12/09/2023 12/09/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $74,900 -- $26 / Sq Ft
Source: MLS Now

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,585 $64,355 $4,326 $60,029
2023 $2,894 $54,786 $3,171 $51,615
2022 $2,869 $54,786 $3,171 $51,615
2021 $2,869 $54,786 $3,171 $51,615
2020 $2,921 $48,440 $2,800 $45,640
2019 $2,905 $48,440 $2,800 $45,640
2018 $2,906 $48,440 $2,800 $45,640
2017 $1,023 $16,080 $5,930 $10,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5056847

MLS Now

APN: 02-01-006-149-001

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