NOT LISTED FOR SALE

124 Washington Ave Lorain, OH 44052

Estimated Value: $94,000 - $116,341

4 Beds
2 Baths
1,858 Sq Ft
$55/Sq Ft Est. Value

Sale Details

Date Sold: October 22, 2025

Last sale price $93,500 $50 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $667 / mo

49 Days on Market

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 2025

Duplex-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

Adin Homoelle

RE/MAX Infinity Brokerage Email: adinw04@gmail.com, 440-387-8675 License #2023004934 Listed on: 08/11/2025

RE/MAX Infinity

Last Buyer's Agent

Tammy Martin

Keller Williams Elevate License #2014001542

Keller Williams Elevate

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,405

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • Attribution Contact: adinw04@gmail.com, 440-387-8675
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Charleston 01
  • Above Grade Finished Sq Ft: 1858.0
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Main Level Bathrooms: 1
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.22
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-006-103-015
  • LandLeaseYN: No

Tax Info

  • Tax Annual Amount: 1405.0

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
Aug 11, 2025
Closed on
Oct 17, 2025
Sold by
Bought by
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
$101,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,335
Avg. Annual Appreciation
14.77%
Original Mortgage
$120,000
Outstanding Balance
$120,000
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
-$18,165

Purchase Details

Closed on
Jan 30, 2025
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
$90,000
Interest Rate
6%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 9, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2008
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
$93,500 None Listed On Document
$75,000 Titleco Title Agency
$10,000 --
$59,500 Attorney
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 $120,000
Previous Owner $90,000
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
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

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 $1,405 $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

  • A

    Seller's Agent in 2025

    Adin Homoelle

    RE/MAX

    (440) 387-8675

    6 in this area

    42 Total Sales

    Adin Homoelle
    Section Image

  • T

    Buyer's Agent in 2025

    Tammy Martin

    Keller Williams Elevate

    (440) 572-1200

    6 in this area

    70 Total Sales

    Tammy Martin
    Section Image
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Map

Source: MLS Now

MLS Number: 5147398

MLS Now

APN: 02-01-006-103-015

Ohio Lorain County Lorain 44052

124 Washington Ave, Lorain, OH

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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