NOT LISTED FOR SALE

128 Lake Ave Elyria, OH 44035

Estimated Value: $559,122

5 Beds
2 Baths
2,287 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $125,000 $55 Per Sq Ft

Est. 347% increase in value since last sale

Current estimated payment $3,604/month

14 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • East Facing Home
  • 2 Car Detached Garage

About This Home

As of June 2021

Thinking of investing? There has never been a better time for rental units! This unique side-by-side duplex offers immediate income! Remarkably maintained... if there was an issue, it was fixed! Three bedrooms on one side and two on the other! Both sides have basement access and all of the appliances will stay. The garage is equally split between the two units. Make an appointment today to see how easy this income can be!

Last Agent to Sell the Property

Sonsee Schramm

Howard Hanna License #2015001558 Listed on: 04/06/2021

Howard Hanna

Last Buyer's Agent

Sonsee Schramm

Howard Hanna License #2015001558 Listed on: 04/06/2021

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,114

Year Built

  • Built in 1922

Lot Details

  • 4,792 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,287 Sq Ft Home
  • 2-Story Property
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 06-25-019-111-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,114

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: East
  • Price Per Square Foot: 54.66
  • Estimated Price per Sq Ft: 54.66
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2287
  • Year Built: 1922
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1922

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 2287.00
  • Sq Ft Approx Total Finished: 2287.00

Exterior Features

  • View: City View
  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Electric
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Elyria CSD
  • School District: Elyria CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1100
  • Parcel Number: 06-25-019-111-022

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2013
Sold by
Schneiter Lisa and Schneiter Lisa Kruasuwan
Bought by
Punjab Llc
Current Estimated Value
$559,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Outstanding Balance
$151,433
Interest Rate
4.58%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$393,001

Purchase Details

Closed on
Jul 31, 2009
Sold by
Decatur Georgia Llc
Bought by
Schneiter Lisa and Lotus Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Punjab Llc $247,500 Chicago Title Ins Co
Schneiter Lisa -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Punjab Llc $110,000
Closed Punjab Llc $50,000
Open Punjab Llc $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2021 06/07/21 Sold $125,000 -10.7% $55 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $139,900 -- $61 / 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 $6,499 $108,140 $16,391 $91,749
2023 $6,023 $82,845 $13,111 $69,734
2022 $5,991 $82,845 $13,111 $69,734
2021 $6,043 $82,845 $13,111 $69,734
2020 $6,282 $82,840 $13,110 $69,730
2019 $6,220 $82,840 $13,110 $69,730
2018 $6,152 $82,840 $13,110 $69,730
2017 $6,848 $86,630 $19,670 $66,960
2016 $6,745 $86,630 $19,670 $66,960
2015 $6,352 $86,630 $19,670 $66,960
2014 $6,263 $86,630 $19,670 $66,960
2013 $4,025 $56,640 $19,670 $36,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4267595

MLS Now

APN: 06-26-092-000-022