$118,000
SOLD OCT 29, 2021

1118 W 7th St Lorain, OH 44052

3 Beds
2 Baths
1,316 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

3% Above List Price

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Home Security System
  • South Facing Home

About This Home

As of December 2022

Step into this recently remodeled one floor living ranch with hardwood floors. Just blocks away from lake views in Lorain. Recent updates include, full kitchen remodel with new appliances, full bath remodel with ceramic flooring. Full bathroom with shower in the full unfinished basement. There is a combo washer/dryer in one on the main level of the home for your convenience. Stop in to see it today!

Last Agent to Sell the Property

Greg Erlanger

Keller Williams Citywide License #2004000516 Listed on: 08/12/2021

Keller Williams Citywide

Last Buyer's Agent

Betty Higgins

Keller Williams Citywide License #2004019824

Keller Williams Citywide

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,328

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
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Built-In Oven
  • Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,328

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Ranch
  • House Faces: South
  • Price Per Square Foot: 89.67
  • Estimated Price per Sq Ft: 89.67
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1316
  • Year Built: 1962
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1962

Interior Features

  • Appliances Equipment: Cooktop, Dryer, Garbage Disposal, Refrigerator, Security System, Wall Oven, Washer
  • Total Bedrooms: 3
  • Bedrooms on Main Level: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 6
  • Basement Detail: Full, Unfinished
  • Laundry On Main: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1316.00
  • Sq Ft Approx Total Finished: 1316.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • 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: Lersch

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2000
  • Parcel Number: 02-01-006-113-029

Tax Info

  • Tax: 1328

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%
Total Days on Market
2
Views
14
Current Estimated Value
$166,028

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
2.91%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: MLS Now

MLS Number: 4306871

MLS Now

APN: 02-01-006-113-029