1118 W 7th St Lorain, OH 44052
3
Beds
2
Baths
1,316
Sq Ft
8,712
Sq Ft Lot
Highlights
- 2 Car Detached Garage
- Patio
- South Facing Home
- Porch
- Forced Air Heating and Cooling System
- 1-Story Property
About This Home
As of December 2022Don't Wait!! Beautiful Ranch Home, 3 bedrooms, 2 full baths, full basement, 2 car garage, hardwood floors and updated kitchen and bath. The front porch will welcome you into this spacious Living room / Dining room combo, nice large windows to let the light it, it's and open feeling pocket door to the Kitchen. The Kitchen has been updated recently with newer side by side refrigerator, cooktop, double wall oven, dishwasher, garbage disposal and all solid oak cabinets, pantry and counter tops. First floor includes 3 bedrooms, ceiling fans, 1 full bath updated and spacious closets, one in that hall has been converted into 1st floor laundry. Newer windows through out. Lower lever basement has been partially finished with cabinets for entertainment and pool table. The 2nd full bath is in the basement and a room that was starting to be finished as a possible office/flex room or bedroom. There is a storage room and large laundry/utility room. Included is a Simply Safe Alarm System. The large 2 car garage has new garage doors and man door. Watch the fireworks in your back yard on 4th of July, concerts on the River and plays at Palace Theater. This is a great location near the park, lake, river and theater district.
Last Agent to Sell the Property
Keller Williams Citywide License #2004019824 Listed on: 10/26/2022
Last Buyer's Agent
Consuela Brown
Deleted Agent License #2011001404
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,305
Year Built
- Built in 1962
Lot Details
- 8,712 Sq Ft Lot
- South Facing Home
Parking
- 2 Car Detached Garage
Home Design
- Asphalt Roof
Interior Spaces
- 1,316 Sq Ft Home
- 1-Story Property
- Fire and Smoke Detector
Kitchen
- Built-In Oven
- Cooktop
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- Lersch Community
Listing and Financial Details
- Assessor Parcel Number 02-01-006-113-029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2022
Closed on
Dec 1, 2022
Sold by
Dream Team Llc
Bought by
Caradine Latisha M
Seller's Agent
Betty Higgins
Keller Williams Citywide
Buyer's Agent
Consuela Brown
Deleted Agent
List Price
$139,900
Sold Price
$140,000
Premium/Discount to List
$100
0.07%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,028
Avg. Annual Appreciation
3.00%
Original Mortgage
$137,464
Outstanding Balance
$134,016
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$17,483
Purchase Details
Listed on
Aug 12, 2021
Closed on
Oct 20, 2021
Sold by
West 7Th Street Property Llc
Bought by
The Dream Team Llc
Seller's Agent
Greg Erlanger
Keller Williams Citywide
Buyer's Agent
Betty Higgins
Keller Williams Citywide
List Price
$115,000
Sold Price
$118,000
Premium/Discount to List
$3,000
2.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.98%
Original Mortgage
$94,400
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 11, 2020
Sold by
Taylor Latasha M
Bought by
West 7Th Street Property Llc
Purchase Details
Closed on
May 9, 2001
Sold by
Will Of Russel O Meyer and Kovach Salvatore
Bought by
Taylor Latasha M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,748
Interest Rate
7.07%
Mortgage Type
FHA
Similar Homes in Lorain, OH
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Erieview Title Agency | |
| Warranty Deed | $118,000 | None Available | |
| Warranty Deed | $85,000 | None Available | |
| Executors Deed | $81,000 | Insignia Title Agency Ltd |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $137,464 | FHA | |
| Previous Owner | $94,400 | Commercial | |
| Previous Owner | $10,000 | Credit Line Revolving | |
| Previous Owner | $83,000 | Unknown | |
| Previous Owner | $79,748 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2022 12/02/22 | Sold | $140,000 | +3.8% | $106 / Sq Ft |
| 11/01/2022 11/01/22 | Pending | -- | -- | -- |
| 10/31/2022 10/31/22 | Price Changed | $134,900 | -3.6% | $103 / Sq Ft |
| 10/26/2022 10/26/22 | For Sale | $139,900 | +18.6% | $106 / Sq Ft |
| 10/29/2021 10/29/21 | Sold | $118,000 | +2.6% | $90 / Sq Ft |
| 08/14/2021 08/14/21 | Pending | -- | -- | -- |
| 08/12/2021 08/12/21 | For Sale | $115,000 | -- | $87 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $1,446 | $35,060 | $5,303 | $29,757 |
| 2023 | $1,317 | $25,564 | $4,799 | $20,766 |
| 2022 | $1,339 | $25,564 | $4,799 | $20,766 |
| 2021 | $1,305 | $25,564 | $4,799 | $20,766 |
| 2020 | $1,328 | $22,600 | $4,240 | $18,360 |
| 2019 | $1,321 | $22,600 | $4,240 | $18,360 |
| 2018 | $1,344 | $22,600 | $4,240 | $18,360 |
| 2017 | $1,367 | $22,050 | $4,770 | $17,280 |
| 2016 | $1,356 | $22,050 | $4,770 | $17,280 |
| 2015 | $1,279 | $22,050 | $4,770 | $17,280 |
| 2014 | $1,182 | $20,420 | $4,420 | $16,000 |
| 2013 | $1,173 | $20,420 | $4,420 | $16,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Betty Higgins
Keller Williams Citywide
(440) 452-5098
17 in this area
206 Total Sales
-
Seller Co-Listing Agent in 2022
Chris Higgins
Keller Williams Citywide
(440) 452-5098
11 in this area
156 Total Sales
-
C
Buyer's Agent in 2022
Consuela Brown
Deleted Agent
-
Seller's Agent in 2021
Greg Erlanger
Keller Williams Citywide
(440) 892-2211
104 in this area
3,826 Total Sales
Map
Source: MLS Now
MLS Number: 4418933
APN: 02-01-006-113-029
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