1340 W 40th St Lorain, OH 44053
Estimated Value: $202,388 - $210,000
3
Beds
2.5
Baths
2,403
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- 2 Fireplaces
- 2 Car Detached Garage
- Home Security System
- Corner Lot
- Enclosed patio or porch
- Bungalow
About This Home
As of September 2022Whoa! Just move in to this 3 bedroom all brick bungalow. This home features a large eat-in kitchen, 2 fireplaces-one in the living room and the other in the finished basement, covered patio, 2 car garage with roll-out awning, 2 sheds, newer furnace and central air, office, updated electrical to 200 amp service, new floor and island in kitchen, pantry and ATD alarm system. Master bedroom and main floor full bathroom with deep jacuzzi bathtub and attached vanity/dressing room. Living room, kitchen all bedrooms and master bathroom vanity room have ceiling fans. Covered a 2 car carport can double as out door entertaining. Spacious, clean and a quiet neighborhood just minutes from shopping, highways, restaurants and schools. Many updates as well!
Last Agent to Sell the Property
Northern Ohio Realty License #320102 Listed on: 07/11/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,069
Year Built
- Built in 1950
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 72x125
- South Facing Home
- Partially Fenced Property
- Privacy Fence
- Corner Lot
- Level Lot
Home Design
- Bungalow
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 1.5-Story Property
- 2 Fireplaces
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Car Detached Garage
- Garage Door Opener
Outdoor Features
- Enclosed patio or porch
- Shed
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 02-02-015-118-014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2022
Closed on
Sep 9, 2022
Sold by
Lauzon Gary M and Lauzon Naomia F
Bought by
Elmenhurst Kyle and Elmenhurst Rochelle
Seller's Agent
Jim Wirscham
Northern Ohio Realty
Buyer's Agent
Greg Erlanger
Keller Williams Citywide
List Price
$229,000
Sold Price
$175,000
Premium/Discount to List
-$54,000
-23.58%
Total Days on Market
50
Views
27
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
$32,097
Avg. Annual Appreciation
6.36%
Purchase Details
Listed on
Jun 14, 2012
Closed on
Jun 19, 2013
Sold by
Bilancini Darrel A
Bought by
Lauzon Gary M and Lauzon Naomia F
Seller's Agent
Tom Jama
Deleted Agent
Buyer's Agent
Lynne Gargas
Deleted Agent
List Price
$119,000
Sold Price
$82,500
Premium/Discount to List
-$36,500
-30.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$66,000
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 16, 2004
Sold by
Bilancini Eleanor M
Bought by
Bilancini Eleanor M and The Eleanor M Bilancini Trust
Similar Homes in Lorain, OH
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elmenhurst Kyle | $175,000 | -- | |
| Lauzon Gary M | $82,500 | None Available | |
| Bilancini Eleanor M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lauzon Gary M | $95,000 | |
| Previous Owner | Lauzon Gary M | $80,000 | |
| Previous Owner | Lauzon Gary M | $79,829 | |
| Previous Owner | Lauzon Gary M | $66,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2022 09/12/22 | Sold | $175,000 | -6.4% | $73 / Sq Ft |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- |
| 08/22/2022 08/22/22 | Price Changed | $187,000 | -8.8% | $78 / Sq Ft |
| 08/06/2022 08/06/22 | Price Changed | $205,000 | -6.4% | $85 / Sq Ft |
| 08/02/2022 08/02/22 | Price Changed | $219,000 | -2.2% | $91 / Sq Ft |
| 07/29/2022 07/29/22 | Price Changed | $224,000 | -2.2% | $93 / Sq Ft |
| 07/11/2022 07/11/22 | For Sale | $229,000 | +177.6% | $95 / Sq Ft |
| 06/21/2013 06/21/13 | Sold | $82,500 | -30.7% | $44 / Sq Ft |
| 05/04/2013 05/04/13 | Pending | -- | -- | -- |
| 06/14/2012 06/14/12 | For Sale | $119,000 | -- | $64 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $3,136 | $76,059 | $9,275 | $66,784 |
| 2023 | $2,087 | $40,530 | $4,592 | $35,938 |
| 2022 | $2,069 | $40,530 | $4,592 | $35,938 |
| 2021 | $2,069 | $40,530 | $4,590 | $35,940 |
| 2020 | $1,924 | $32,740 | $3,710 | $29,030 |
| 2019 | $1,913 | $32,740 | $3,710 | $29,030 |
| 2018 | $1,972 | $32,740 | $3,710 | $29,030 |
| 2017 | $2,029 | $32,720 | $7,340 | $25,380 |
| 2016 | $2,013 | $32,720 | $7,340 | $25,380 |
| 2015 | $1,898 | $32,720 | $7,340 | $25,380 |
| 2014 | $2,034 | $35,140 | $7,880 | $27,260 |
| 2013 | $2,076 | $35,140 | $7,880 | $27,260 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Wirscham
Seller's Agent in 2022
Jim Wirscham
Northern Ohio Realty
(440) 567-4144
24 Total Sales
-
Greg Erlanger
Buyer's Agent in 2022
Greg Erlanger
Keller Williams Citywide
(440) 892-2211
3,848 Total Sales
-
T
Seller's Agent in 2013
Tom Jama
Deleted Agent
-
T
Seller Co-Listing Agent in 2013
Tim Jama
Deleted Agent
(440) 213-1565
14 Total Sales
-
L
Buyer's Agent in 2013
Lynne Gargas
Deleted Agent
(440) 387-3134
Map
Source: MLS Now
MLS Number: 4390825
APN: 02-02-015-118-014
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