NOT LISTED FOR SALE

1388 Nichols Ave Lorain, OH 44053

Estimated Value: $93,000 - $117,000

1 Bed
1 Bath
967 Sq Ft
$104/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $88,500 $92 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $567/month

5 Days on Market

Highlights

  • No HOA
  • 1 Car Garage
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Take a look at this well-maintained gem close to Lake Erie. The home offers one floor living at its finest! This is the perfect starter home or a great option for downsizing. Enjoy the almost fully fenced private back yard. The detached garage offers all the storage you need. This cozy home just needs your personal touches & you can call it home!

Last Agent to Sell the Property

Gary Post

RE/MAX Crossroads Properties Brokerage Phone: 440-935-0341 License #2004009889 Listed on: 06/04/2024

RE/MAX Crossroads Properties

Co-Listed By

Kelly Post

RE/MAX Crossroads Properties Brokerage Phone: 440-935-0341 License #2016000954

Last Buyer's Agent

Tabitha Amador

Russell Real Estate Services License #2020007061

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $469

Year Built

  • Built in 1957

Lot Details

  • 3,920

Parking

  • 1 Car Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 967 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • 3,920 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Wallace 01 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-02-023-103-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$469

Year Built

Built in 1957

Lot Details

3,920 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1957
  • Attribution Contact: 440-935-0341
  • Co List Office Phone: 440-517-1560
  • Subdivision Name: Wallace 01
  • Above Grade Finished Sq Ft: 967.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.09
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Concrete

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • 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: 02-02-023-103-016
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 469.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 3, 2024
Sold by
Mason Mary D
Bought by
Lopez Onyx A
Seller's Agent
Gary Post
RE/MAX Crossroads Properties
Buyer's Agent
Tabitha Amador
Russell Real Estate Services
List Price
$85,000
Sold Price
$88,500
Premium/Discount to List
$3,500
4.12%
Views
55
Current Estimated Value
$100,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,224
Avg. Annual Appreciation
8.37%
Original Mortgage
$84,075
Outstanding Balance
$83,061
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$17,663
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

Date Buyer Sale Price Title Company
Lopez Onyx A $88,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Onyx A $84,075
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2024 07/05/24 Sold $88,500 +4.1% $92 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $85,000 -- $88 / Sq Ft
Source: MLS Now

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 $579 $23,846 $7,168 $16,678
2023 $469 $18,277 $6,647 $11,631
2022 $487 $18,277 $6,647 $11,631
2021 $487 $18,277 $6,647 $11,631
2020 $503 $17,310 $6,290 $11,020
2019 $500 $17,310 $6,290 $11,020
2018 $500 $17,310 $6,290 $11,020
2017 $394 $15,110 $4,840 $10,270
2016 $391 $15,110 $4,840 $10,270
2015 $369 $15,110 $4,840 $10,270
2014 $368 $15,110 $4,840 $10,270
2013 $365 $15,110 $4,840 $10,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5043413

MLS Now

APN: 02-02-023-103-016

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