NOT LISTED FOR SALE

1222 Lake Ave Elyria, OH 44035

Estimated Value: $127,000 - $167,000

5 Beds
2 Baths
1,642 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $37,000 $23 Per Sq Ft

Est. 287% increase in value since last sale

Current estimated payment $917/month

16 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • East Facing Home
  • Bungalow

About This Home

As of July 2021

Opportunity knocks, investor special, much potential. Large 5 bedroom and 2 bath stucco bungalow with full, walk-out basement that could be a 2 family home or rental. Extra wide front porch. Hardwood floors. Newer H20 tank. Unpaved driveway on left-hand side of home. Conveniently located to shopping, retail and one mile from turnpike.

Last Agent to Sell the Property

PAMELA HAYWOOD

Russell Real Estate Services License #395155 Listed on: 06/01/2021

Russell Real Estate Services

Co-Listed By

Tim Semmens

Russell Real Estate Services License #398678

Last Buyer's Agent

PAMELA HAYWOOD

Russell Real Estate Services License #395155 Listed on: 06/01/2021

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $764

Year Built

  • Built in 1924

Lot Details

  • 7,910 Sq Ft Lot
  • East Facing Home
  • Unpaved Streets

Home Design

  • Bungalow
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,642 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Braman Add Community

Listing and Financial Details

  • Assessor Parcel Number 06-24-026-119-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$764

Year Built

Built in 1924

Lot Details

7,910 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Bungalow
  • House Faces: East
  • Price Per Square Foot: 22.53
  • Estimated Price per Sq Ft: 22.53
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1642
  • Year Built: 1924
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1924

Interior Features

  • Total Bedrooms: 5
  • Bedrooms on Main Level: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Room Count: 7
  • Basement Detail: Full, Walk-Out
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1642.00
  • Sq Ft Approx Total Finished: 1642.00

Exterior Features

  • Exterior: Stucco
  • Exterior Features: Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Braman Add

Schools

  • School District: Elyria CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1816
  • Parcel Number: 06-24-026-119-015

Tax Info

  • Tax: 764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Hermann Lohoury
Bought by
Lorain Acquisitions Inc
Current Estimated Value
$143,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,250
Interest Rate
5.13%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jun 30, 2021
Sold by
Kontos Nicholas G and Mary G Kontos Trust
Bought by
Lohoury Hermann
Seller's Agent
PAMELA HAYWOOD
Russell Real Estate Services
Buyer's Agent
PAMELA HAYWOOD
Russell Real Estate Services
List Price
$49,900
Sold Price
$37,000
Premium/Discount to List
-$12,900
-25.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.48%

Purchase Details

Closed on
May 2, 2006
Sold by
Kontos Nicholas G
Bought by
Dembek Joseph A and Dembek Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,225
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 17, 1998
Sold by
Kontos Mary
Bought by
Kontos Nicholas G and The Mary G Kontos Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lorain Acquisitions Inc -- --
Lohoury Hermann $37,000 Hallmark Title Llc
Dembek Joseph A $82,500 First American
Kontos Nicholas G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lorain Acquisitions Inc $62,250
Previous Owner Dembek Joseph A $81,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2021 07/21/21 Sold $37,000 -5.1% $23 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/08/2021 06/08/21 Price Changed $39,000 -21.8% $24 / Sq Ft
06/01/2021 06/01/21 For Sale $49,900 -- $30 / Sq Ft
Source: MLS Now

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 $1,809 $36,649 $5,257 $31,392
2023 $821 $13,983 $1,848 $12,135
2022 $786 $13,983 $1,848 $12,135
2021 $812 $13,983 $1,848 $12,135
2020 $764 $11,670 $1,540 $10,130
2019 $727 $11,670 $1,540 $10,130
2018 $667 $11,670 $1,540 $10,130
2017 $604 $9,290 $1,630 $7,660
2016 $597 $9,290 $1,630 $7,660
2015 $560 $9,290 $1,630 $7,660
2014 $583 $9,780 $1,720 $8,060
2013 $578 $9,780 $1,720 $8,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4284761

MLS Now

APN: 06-24-026-119-015

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