A
Seller's Agent in 2025
Adin Homoelle
RE/MAX
(440) 387-8675
6 in this area
34 Total Sales
124 Washington Ave Lorain, OH 44052
4
Beds
2
Baths
1,858
Sq Ft
9,583
Sq Ft Lot
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
- 1 Fireplace
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
About This Home
As of October 2025Duplex-Style Income Property Near Lake Erie! Just one house down from the water, this single-family 3-bedroom, 1-bath home brings in $1,000/month in rent, while an attached 1-bedroom, 1-bath apartment adds an additional $450/month. With both units currently occupied, the property generates a total of $1,450/month in steady rental income, tenants paying all utilities! Located in a desirable Lorain neighborhood near the lake, this property offers strong cash flow and long-term tenant appeal. A great opportunity for investors seeking a multi-unit setup with proven rental history.
Last Agent to Sell the Property
RE/MAX Infinity Brokerage Email: adinw04@gmail.com, 440-387-8675 License #2023004934 Listed on: 08/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,405
Year Built
- Built in 1900
Lot Details
- 9,583 Sq Ft Lot
Parking
- Unpaved Parking
Home Design
- Colonial Architecture
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,858 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- 1 Fireplace
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Charleston 01 Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-01-006-103-015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2025
Closed on
Oct 17, 2025
Sold by
Revival Ventures Llc
Bought by
Next Step Marketing & Renovation Llc
Seller's Agent
Adin Homoelle
RE/MAX Infinity
Buyer's Agent
Tammy Martin
Keller Williams Elevate
List Price
$105,000
Sold Price
$93,500
Premium/Discount to List
-$11,500
-10.95%
Views
107
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,376
Avg. Annual Appreciation
11.07%
Original Mortgage
$120,000
Outstanding Balance
$120,000
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
-$22,387
Purchase Details
Closed on
Jan 30, 2025
Sold by
Higginbotham Dale R
Bought by
Revival Ventures Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 9, 2016
Sold by
Ferraro Shirley M
Bought by
Higginbotham Dale R
Purchase Details
Closed on
Aug 26, 2008
Sold by
Catalano Richard
Bought by
Ferraro Shirley M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $93,500 | None Listed On Document | |
| Warranty Deed | $75,000 | Titleco Title Agency | |
| Quit Claim Deed | $10,000 | -- | |
| Quit Claim Deed | $59,500 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Construction | |
| Previous Owner | $90,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | Sold | $93,500 | -11.0% | $50 / Sq Ft |
| 08/11/2025 08/11/25 | For Sale | $105,000 | -- | $57 / 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 | $1,405 | $33,254 | $5,565 | $27,689 |
| 2023 | $1,143 | $21,627 | $3,777 | $17,850 |
| 2022 | $1,133 | $21,627 | $3,777 | $17,850 |
| 2021 | $1,133 | $21,627 | $3,777 | $17,850 |
| 2020 | $1,153 | $19,120 | $3,340 | $15,780 |
| 2019 | $1,147 | $19,120 | $3,340 | $15,780 |
| 2018 | $1,147 | $19,120 | $3,340 | $15,780 |
| 2017 | $1,240 | $19,490 | $3,760 | $15,730 |
| 2016 | $1,230 | $19,490 | $3,760 | $15,730 |
| 2015 | $1,162 | $19,490 | $3,760 | $15,730 |
| 2014 | $1,074 | $18,050 | $3,480 | $14,570 |
| 2013 | $1,066 | $18,050 | $3,480 | $14,570 |
Source: Public Records
Agents Affiliated with this Home
-
Adin Homoelle
-
Tammy Martin
T
Buyer's Agent in 2025
Tammy Martin
Keller Williams Elevate
(440) 572-1200
6 in this area
69 Total Sales
Map
Source: MLS Now
MLS Number: 5147398
APN: 02-01-006-103-015
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.
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