NOT LISTED FOR SALE

1231 W 5th St Lorain, OH 44052

Lorain Area
3 Beds
3 Baths
1,638 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: January 10, 2025

Last sale price $102,000 $62 Per Sq Ft

72 Days on Market

About This Home

As of January 2025

Turnkey Triplex. Tons of money to be made on this one. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Local & out of state investors welcome!

Last Agent to Sell the Property

James Wise

The Holton-Wise Property Group LLC Brokerage Email: 216-661-6633 Sales@holtonwise.com License #2015001161 Listed on: 09/25/2024

Last Buyer's Agent

James Wise

The Holton-Wise Property Group LLC Brokerage Email: 216-661-6633 Sales@holtonwise.com License #2015001161 Listed on: 09/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,227

Year Built

  • Built in 1923

Lot Details

  • 0.25

Parking

  • Driveway

Home Design

  • Triplex
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 2-Story Property
  • 10,890 Sq Ft Lot
  • Basement

Community Details

  • Brownells Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-02-026-108-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,227

Year Built

Built in 1923

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1923
  • Attribution Contact: 216-661-6633 Sales@holtonwise.com
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Brownells
  • 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: Other
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Shingle
  • Acres: 0.25
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: Other
  • Heating: Other
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-02-026-108-007
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1227.0

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
Sep 25, 2024
Closed on
Feb 24, 2025
Sold by
Bought by
Seller's Agent
James Wise
The Holton-Wise Property Group LLC
Buyer's Agent
James Wise
The Holton-Wise Property Group LLC
List Price
$179,900
Sold Price
$102,000
Premium/Discount to List
-$77,900
-43.3%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
0.0687%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2024
Closed on
Jan 9, 2025
Sold by
Bought by
Seller's Agent
James Wise
The Holton-Wise Property Group LLC
Buyer's Agent
James Wise
The Holton-Wise Property Group LLC
List Price
$179,900
Sold Price
$102,000
Premium/Discount to List
-$77,900
-43.3%
Views
36

Purchase Details

Listed on
Aug 29, 2022
Closed on
Nov 7, 2022
Sold by
Bought by
Seller's Agent
Amy Hoes
EXP Realty, LLC.
Buyer's Agent
Amy Hoes
EXP Realty, LLC.
List Price
$92,500
Sold Price
$88,500
Premium/Discount to List
-$4,000
-4.32%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$84,000
Interest Rate
0.0708%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 27, 2022
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
$63,750
Interest Rate
0.0356%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2021
Closed on
May 13, 2021
Sold by
Bought by
Seller's Agent
Christina Meier
Deleted Agent
Buyer's Agent
Rosanne Dover
EXP Realty, LLC.
List Price
$80,000
Sold Price
$85,000
Premium/Discount to List
$5,000
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 26, 2021
Sold by
Bought by
Seller's Agent
Christina Meier
Deleted Agent
Buyer's Agent
Rosanne Dover
EXP Realty, LLC.
List Price
$80,000
Sold Price
$85,000
Premium/Discount to List
$5,000
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Listed On Document
$102,000 Chicago Title
-- None Listed On Document
$85,000 Laribee & Hertrick Llp
-- None Available
$85,000 None Available
$32,900 --
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
Open $105,000
Previous Owner $90,400
Previous Owner $84,000
Previous Owner $63,750
Previous Owner $63,750
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
01/10/2025 01/10/25 Sold $102,000 -14.9% $62 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
12/13/2024 12/13/24 Price Changed $119,900 -7.7% $73 / Sq Ft
12/10/2024 12/10/24 Price Changed $129,900 -7.1% $79 / Sq Ft
11/05/2024 11/05/24 Price Changed $139,900 -12.5% $85 / Sq Ft
10/17/2024 10/17/24 Price Changed $159,900 -11.1% $98 / Sq Ft
10/07/2024 10/07/24 For Sale $179,900 +76.4% $110 / Sq Ft
09/25/2024 09/25/24 Off Market $102,000 -- --
11/15/2022 11/15/22 Sold $88,500 -4.3% $37 / Sq Ft View Prior Sale
10/19/2022 10/19/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $92,500 0.0% $38 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/10/2022 09/10/22 Price Changed $92,500 -7.4% $38 / Sq Ft
08/29/2022 08/29/22 For Sale $99,900 +17.5% $41 / Sq Ft
04/27/2021 04/27/21 Sold $85,000 +6.3% $35 / Sq Ft View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
03/21/2021 03/21/21 For Sale $80,000 -- $33 / 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 $1,603 $37,944 $8,334 $29,610
2023 $1,228 $23,240 $9,219 $14,021
2022 $1,217 $23,240 $9,219 $14,021
2021 $1,217 $23,240 $9,220 $14,020
2020 $1,239 $20,550 $8,150 $12,400
2019 $1,232 $20,550 $8,150 $12,400
2018 $1,233 $20,550 $8,150 $12,400
2017 $1,385 $21,760 $10,220 $11,540
2016 $1,374 $21,760 $10,220 $11,540
2015 $1,298 $21,760 $10,220 $11,540
2014 $1,199 $20,150 $9,460 $10,690
2013 $1,190 $20,150 $9,460 $10,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5073029

MLS Now

APN: 02-02-026-108-007

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