124 Cornell Ave Elyria, OH 44035
Elyria AreaEstimated payment $658/month
Highlights
- Colonial Architecture
- Porch
- Forced Air Heating System
- No HOA
- 2 Car Attached Garage
About This Home
Attention investors, rehabbers, & handy owner-occupants! Here's an outstanding opportunity to purchase a 4-bedroom, 1.5-bath colonial in a prime location with tremendous upside potential. Whether you're looking for your next renovation project, a long-term rental, or a home to build sweat equity, this estate sale offers exceptional value. Owned by the same family for many years, this vinyl-sided home features updated vinyl windows, a convenient garage, and a spacious 4 bedroom floor plan ready for your vision. Desirable four-bedroom layout provides strong after-repair value & excellent rental potential, making it an attractive addition to any investment portfolio. Property is being sold AS IS, the seller will make no repairs. Basement has water intrusion and will require repair. The roof appears to be newer and serviceable overall but is missing shingles in one area, as shown in the photos. Buyers are encouraged to perform their own inspections and due diligence. With solid bones, a highly desirable location, and significant upside, this property presents an excellent opportunity for cash or hard money buyers seeking their next profitable project. Owner-occupants using renovation financing or willing to invest sweat equity should also take a close look. Easy to show, vacant, and ready for a quick transfer. Opportunities with this much potential and a strong ARV don't come along often. Schedule your showing today and bring your vision!
Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #426983 Listed on: 07/28/2026
Co-Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #436731
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,306
Year Built
- Built in 1920
Parking
- 2 Car Attached Garage
Home Design
- Colonial Architecture
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Porch
- 6,534 Sq Ft Lot
Community Details
- No Home Owners Association
- Eastern Heights Land Co Sub # Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-25-005-103-025
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,306 | $48,542 | $7,791 | $40,751 |
| 2023 | $1,697 | $40,310 | $7,980 | $32,330 |
| 2022 | $1,714 | $40,310 | $7,980 | $32,330 |
| 2021 | $1,718 | $40,310 | $7,980 | $32,330 |
| 2020 | $1,575 | $34,490 | $6,830 | $27,660 |
| 2019 | $1,565 | $34,490 | $6,830 | $27,660 |
| 2018 | $1,568 | $34,490 | $6,830 | $27,660 |
| 2017 | $1,555 | $33,220 | $7,310 | $25,910 |
| 2016 | $1,535 | $33,220 | $7,310 | $25,910 |
| 2015 | $1,437 | $33,220 | $7,310 | $25,910 |
| 2014 | $1,401 | $32,900 | $7,240 | $25,660 |
| 2013 | $1,388 | $32,900 | $7,240 | $25,660 |
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 |
|---|---|---|---|---|
| 07/28/2026 07/28/26 | For Sale | $99,900 | -- | $47 / Sq Ft |
Source: MLS Now
MLS Number: 5230304
APN: 06-25-005-103-025
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Ask me questions while you tour the home.