$45,000
SOLD SEP 10, 2015

1245 W 40th St Lorain, OH 44053

3 Beds
2 Baths
960 Sq Ft
0.27 Acres

Recently Sold

$47 Per Sq Ft

27% Below List Price

16 Days on Market

Highlights

  • 1 Car Attached Garage
  • North Facing Home
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of August 2016

Come home to this charming well maintained ranch home near every type of store you could want. This house is neat, clean and comfortable. Large fenced yard, breezeway between house and garage. New windows except for picture window in living room. Central air. Cement block in nice basement has been replaced. Blown in insulation throughout home in 2014.

Last Agent to Sell the Property

Diane Price

The Sweda Group, LLC. License #2001003205 Listed on: 08/03/2015

Last Buyer's Agent

Diane Price

The Sweda Group, LLC. License #2001003205 Listed on: 08/03/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1954

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 73 x 164
  • North Facing Home
  • Chain Link Fence

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Urban Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-015-121-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,079

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Ranch
  • House Faces: North
  • Price Per Square Foot: 46.88
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 960
  • Year Built: 1954
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1954

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 5
  • Basement Detail: Full
  • Living Area Sq Ft: 960
  • Estimated Total Living Area: 960
  • Estimated Sq Ft: 960

Exterior Features

  • Exterior: Aluminum
  • Fences: Chain Link
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 1

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Urban

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 73 x 164
  • Lot Size Units: Acres
  • Acres: 0.2700
  • Parcel Number: 02-02-015-121-008

Tax Info

  • Tax: 1079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2016
Closed on
Aug 12, 2016
Sold by
Caferro Francesco
Bought by
Vega Ortiz Angel Jose and Torres Aracelis Torres
Seller's Agent
Angela Margida
Rustic Roots Real Estate
Buyer's Agent
Kimberley Guelker
Berkshire Hathaway HomeServices Lucien Realty
List Price
$74,900
Sold Price
$67,900
Premium/Discount to List
-$7,000
-9.35%
Current Estimated Value
$157,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,541
Avg. Annual Appreciation
9.10%
Original Mortgage
$67,221
Outstanding Balance
$54,239
Interest Rate
3.41%
Mortgage Type
New Conventional
Estimated Equity
$94,038

Purchase Details

Listed on
Aug 3, 2015
Closed on
Sep 9, 2015
Sold by
Campo Mary J
Bought by
Caferro Francesco
Seller's Agent
Diane Price
The Sweda Group, LLC.
Buyer's Agent
Diane Price
The Sweda Group, LLC.
List Price
$62,000
Sold Price
$45,000
Premium/Discount to List
-$17,000
-27.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.63%

Purchase Details

Closed on
Nov 5, 2004
Sold by
Selent Herta and Ott Irene
Bought by
Mary J Campo Revocable Living Trust
Source: Public Records

Similar Homes in Lorain, OH

  • 121 E 32nd St, Lorain, OH 44055

    $47,999

    • 3 Beds
    • 1 Bath
    • 121 E 32nd St
    • Lorain, OH

    Good BRRRR or Flip deal. The numbers speak for themselves on this one. Needs roughly $40k in rehab, should have an ARV of about $130k. Email agent for market rent roll & video tour along with complete investment analysis, scope of work, information on the mechanical systems of the building. Professional property management & rehab services available. Local & out of state investors welcome!

    James Wise The Holton-Wise Property Group LLC

    Section Image
  • 314 E 26th St, Lorain, OH 44055

    $45,000

    • 3 Beds
    • 1 Bath
    • 314 E 26th St
    • Lorain, OH

    Calling all investors, Do it yourself rehabbers and/or anyone who would like to bring this home back to it's former glory. Many possibilities. Spacious 3 bedroom and one bath single family home. Home has been partially started. Blank canvas awaiting your finishing touches. Home is close to schools, downtown Lorain, Lakeview Park, Black River Landing, shopping and major highways.

    Glorivania Maldonado Russell Real Estate Services

    Section Image
  • 3521 Omaha Ave, Lorain, OH 44055

    $50,000

    • 2 Beds
    • 1 Bath
    • 3521 Omaha Ave
    • Lorain, OH

    Leverage into an investment for your future...This bungalow style home offers two bedrooms, one bath, double lot, you fix, you save, property is part of an estate portfolio that can be purchased separately or part of a package, what are you waiting for? Let's make a deal...

    Andrea Neal Russell Real Estate Services

    Section Image
  • 2128 E 30th St, Lorain, OH 44055

    $49,900

    • 2 Beds
    • 1 Bath
    • 976 Sq Ft
    • 2128 E 30th St
    • Lorain, OH

    The property is ready for its next chapter. Needs work including the basement but main living spaces are functional. Featuring 2 nicely sized bedrooms; full bath. Kitchen provides ample cabinetry. Open floor plan for living room and dining area. Nice front porch to relax on and to enjoy the outdoors. Great deep back yard. Located near schools, shopping, and other everyday conveniences, it's

    Beth Wallace RE/MAX Real Estate Group

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $67,900 --
Warranty Deed $45,000 Old Republic Natl Title Ins
Warranty Deed $95,000 Real Living Title Agency Ltd
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,800 New Conventional
Open $67,221 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $67,900 -9.3% $71 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $74,900 +66.4% $78 / Sq Ft
09/10/2015 09/10/15 Sold $45,000 -27.4% $47 / Sq Ft
08/19/2015 08/19/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $62,000 -- $65 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $1,530 $46,911 $10,731 $36,180
2023 $1,119 $30,898 $10,630 $20,269
2022 $1,131 $30,898 $10,630 $20,269
2021 $1,131 $30,898 $10,630 $20,269
2020 $953 $24,960 $8,590 $16,370
2019 $947 $24,960 $8,590 $16,370
2018 $975 $24,960 $8,590 $16,370
2017 $1,002 $24,910 $8,490 $16,420
2016 $1,573 $24,910 $8,490 $16,420
2015 $938 $24,910 $8,490 $16,420
2014 $1,042 $26,750 $9,120 $17,630
2013 $1,034 $26,750 $9,120 $17,630
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 3735466

MLS Now

APN: 02-02-015-121-008