NOT LISTED FOR SALE

1327 East Ave Elyria, OH 44035

Estimated Value: $118,000 - $165,091

4 Beds
2 Baths
1,918 Sq Ft
$70/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $117,500 $61 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $859/month

14 Days on Market

Highlights

  • 0.47 Acre Lot
  • 2 Car Attached Garage
  • Hot Water Heating System
  • Corner Lot
  • Storm Windows
  • 3-minute walk to South Park

About This Home

As of May 2024

Elyria Money Maker, great Income , vinyl sided , 2 units, 2 bedrooms each and 2 full baths. Large corner lot with plenty of parking-2 car attached garage. Close to downtown Elyria. Current owner has owned for over 40 years. This is a turn key rental business.

Last Agent to Sell the Property

Gary Dodson

Howard Hanna Brokerage Phone: (440) 320-6464 License #290885 Listed on: 03/12/2024

Howard Hanna

Co-Listed By

Natalie Iafolla

Howard Hanna Brokerage Phone: (440) 320-6464 License #2014004565

Last Buyer's Agent

Gary Dodson

Howard Hanna Brokerage Phone: (440) 320-6464 License #290885 Listed on: 03/12/2024

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1900

Lot Details

  • 0.47 Acre Lot
  • Southeast Facing Home
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,918 Sq Ft Home
  • 2-Story Property
  • Storm Windows
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • No Cooling
  • Hot Water Heating System

Community Details

  • Operating Expense $400

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 06-26-003-103-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,462

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Attribution Contact: (440) 320-6464
  • ResoLotFeatures: Corner Lot
  • Reso View: None
  • Co List Office Phone: 440-793-0100
  • Above Grade Finished Sq Ft: 1918.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • ResoWindowFeatures: Storm Window(s)
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • Acres: 0.47
  • Pool Private: No
  • View: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Direction Faces: Southeast

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • LaundryFeatures: Common Area, In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Steam
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-26-003-103-028
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities
  • Tenant Pays: None

Multi Family

  • Gross Income: 18660.0
  • Annual Operating Expense: 400.0

Tax Info

  • Tax Annual Amount: 1462.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2010
Sold by
Lovell Timothy D
Bought by
Lovell Timothy D and Lovell Karen F Derby
Current Estimated Value
$132,318
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lovell Timothy D -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $117,500 -2.1% $61 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $120,000 -- $63 / Sq Ft
Source: MLS Now (Howard Hanna)

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 $2,019 $42,662 $13,237 $29,425
2023 $1,462 $26,821 $3,836 $22,985
2022 $1,456 $26,821 $3,836 $22,985
2021 $1,460 $26,821 $3,836 $22,985
2020 $1,505 $24,590 $3,520 $21,070
2019 $1,495 $24,590 $3,520 $21,070
2018 $1,617 $24,590 $3,520 $21,070
2017 $1,735 $27,300 $6,620 $20,680
2016 $1,712 $27,300 $6,620 $20,680
2015 $1,604 $27,300 $6,620 $20,680
2014 $1,584 $27,300 $6,620 $20,680
2013 $1,569 $27,300 $6,620 $20,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5023264

MLS Now (Howard Hanna)

APN: 06-26-003-103-028