Seller's Agent in 2025
Rebecca Bauer
Realtywise, Inc.
(440) 527-0220
105 Total Sales
1222 W 5th St Lorain, OH 44052
Lorain Area
4
Beds
2
Baths
3,378
Sq Ft
9,714
Sq Ft Lot
Highlights
- Tennis Courts
- Park
- Ceiling Fan
- 2 Car Detached Garage
- Shops
- Hot Water Heating System
About This Home
As of May 2025Nice opportunity awaits the investor looking to put their mark on this property. Tenant upstairs is MTM with rent at $800 and pays electric and gas. Down unit vacant at present as tenant bought a house. Even flowing floorplan with ample size on first floor. Some updates/rehab needed but mostly cosmetic and some plumbing in bsmt. Good sized backyard with some fencing and rear deck. Dimensional shingled roof, huge 2+ bay garage with lots of storage. Partially finished basement accessible from downstairs unit. Tenant upstairs would like to stay but ready for a first floor unit somewhere....etc. Third floor attic could be further finished for additional living space. Side street location, off street parking with drive. Front porch. Can be a good income generator with some renovation/updates. Seller will not make any repairs regardless of any inspection or appraisal results. Conventional, rehab loan, DSCR, cash preferred. Quicker close. Tenant pays on time. Buyers to perform own due diligence regarding condition, parcel data and property information.
Last Agent to Sell the Property
Realtywise, Inc. Brokerage Email: 440-444-1307 rbauer@realtywise.com License #2003011130 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,076
Year Built
- Built in 1900
Lot Details
- 9,714 Sq Ft Lot
- South Facing Home
- Partially Fenced Property
- Chain Link Fence
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- Block Foundation
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
- Heating System Uses Steam
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 02-02-026-106-036
Community Details
Amenities
- Shops
- Laundry Facilities
Recreation
- Tennis Courts
- Community Playground
- Park
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
Mar 25, 2025
Closed on
May 2, 2025
Sold by
Bought by
Seller's Agent
Rebecca Bauer
Realtywise, Inc.
Buyer's Agent
Martin Carlysle
Russell Real Estate Services
List Price
$95,000
Sold Price
$93,000
Premium/Discount to List
-$2,000
-2.11%
Views
35
Purchase Details
Listed on
Feb 20, 2024
Closed on
May 23, 2024
Sold by
Bought by
Seller's Agent
Rebecca Bauer
Realtywise, Inc.
Buyer's Agent
Steven Lawson
Russell Real Estate Services
List Price
$89,000
Sold Price
$80,000
Premium/Discount to List
-$9,000
-10.11%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.58%
Original Mortgage
$97,500
Interest Rate
0.0639%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 10, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,150
Interest Rate
0.029%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 15, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,750
Interest Rate
0.0375%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 18, 2011
Sold by
Bought by
Purchase Details
Closed on
Jun 11, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,050
Interest Rate
0.0571%
Mortgage Type
Unknown
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $93,000 | None Listed On Document | ||
| $80,000 | Miller Home Title | ||
| -- | American Patriot Title | ||
| $821,000 | Accommodation | ||
| $25,000 | Erieview Title Agency Llc | ||
| $64,500 | Midland Title |
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 | $97,500 | ||
| Previous Owner | $690,150 | ||
| Previous Owner | $615,750 | ||
| Previous Owner | $86,000 | ||
| Previous Owner | $78,850 | ||
| Previous Owner | $58,050 |
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 |
|---|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $93,000 | -2.1% | $28 / Sq Ft | |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- | |
| 03/25/2025 03/25/25 | For Sale | $95,000 | +18.8% | $28 / Sq Ft | |
| 05/28/2024 05/28/24 | Sold | $80,000 | -10.1% | $32 / Sq Ft | View Prior Sale |
| 03/29/2024 03/29/24 | Pending | -- | -- | -- | |
| 02/20/2024 02/20/24 | For Sale | $89,000 | -- | $36 / 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 | $2,076 | $49,144 | $6,843 | $42,301 |
| 2023 | $1,302 | $24,654 | $4,130 | $20,524 |
| 2022 | $1,291 | $24,654 | $4,130 | $20,524 |
| 2021 | $1,291 | $24,654 | $4,130 | $20,524 |
| 2020 | $1,315 | $21,800 | $3,650 | $18,150 |
| 2019 | $1,307 | $21,800 | $3,650 | $18,150 |
| 2018 | $1,308 | $21,800 | $3,650 | $18,150 |
| 2017 | $1,141 | $17,930 | $3,610 | $14,320 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Bauer
-
Martin Carlysle
Buyer's Agent in 2025
Martin Carlysle
Russell Real Estate Services
(419) 625-5555
23 Total Sales
-
Steven Lawson
Buyer's Agent in 2024
Steven Lawson
Russell Real Estate Services
(440) 320-9888
563 Total Sales
Map
Source: MLS Now
MLS Number: 5110032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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