1402 W 40th St Lorain, OH 44053
Estimated Value: $176,644 - $191,000
3
Beds
1
Bath
1,352
Sq Ft
$136/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
- Corner Lot
- Shed
- 1-Story Property
About This Home
As of August 2023Welcome to this charming Ranch nestled in the heart of West Lorain! This magnificent home offers the perfect blend of comfort and convenience, featuring a wood burning fireplace, lots of storage, a partially finished basement, a greenhouse, a breezeway, and original hardwood floors.
Conveniently located just minutes away, you'll find a variety of restaurants, shopping centers, hospitals, and the breathtaking shores of Lake Erie. The property's proximity to Route 2 connecting to Interstate 90 makes commuting a breeze.
The backyard of this property is a gardener's paradise, providing ample space for all your green thumb desires. With meticulously maintained interiors and good bones, this home exudes the care and attention of its original owner.
Boasting three bedrooms and one bathroom, this cozy home offers a comfortable living space of 1,352 square feet. Recent updates include new GFCI outlets, a recently serviced hot water tank, and a garage door opener.
Don't miss this opportunity to own a piece of West Lorain's charm! Schedule a viewing today and envision the endless possibilities this lovely Ranch home has to offer.
Last Buyer's Agent
Dave Shaarda
Deleted Agent License #2017005268
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,909
Year Built
- Built in 1954
Lot Details
- 8,712 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Attached Garage
Home Design
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1,352 Sq Ft Home
- 1-Story Property
- 1 Fireplace
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- Urban Community
Listing and Financial Details
- Assessor Parcel Number 02-02-015-117-022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2023
Closed on
Aug 15, 2023
Sold by
Lengyel Elizabeth
Bought by
Lingle Grant Ethan and Lingle Hannah Marie
Seller's Agent
Ian Hall
Howard Hanna
Buyer's Agent
Dave Shaarda
Deleted Agent
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Total Days on Market
4
Views
73
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
$19,411
Avg. Annual Appreciation
6.37%
Original Mortgage
$160,050
Outstanding Balance
$157,174
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$27,237
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 |
|---|---|---|---|
| Lingle Grant Ethan | $165,000 | Newman Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lingle Grant Ethan | $160,050 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2023 08/16/23 | Sold | $165,000 | +3.1% | $122 / Sq Ft |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- |
| 07/14/2023 07/14/23 | For Sale | $160,000 | -- | $118 / Sq Ft |
Source: MLS Now (Howard Hanna)
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 | $2,414 | $57,120 | $9,275 | $47,845 |
| 2023 | $1,925 | $36,446 | $4,592 | $31,854 |
| 2022 | $1,909 | $36,446 | $4,592 | $31,854 |
| 2021 | $1,414 | $36,446 | $4,592 | $31,854 |
| 2020 | $1,216 | $29,440 | $3,710 | $25,730 |
| 2019 | $1,209 | $29,440 | $3,710 | $25,730 |
| 2018 | $1,247 | $29,440 | $3,710 | $25,730 |
| 2017 | $1,285 | $29,470 | $7,340 | $22,130 |
| 2016 | $1,274 | $29,470 | $7,340 | $22,130 |
| 2015 | $1,202 | $29,470 | $7,340 | $22,130 |
| 2014 | $1,326 | $31,660 | $7,880 | $23,780 |
| 2013 | $1,290 | $31,220 | $7,880 | $23,340 |
Source: Public Records
Agents Affiliated with this Home
-
Ian Hall
Seller's Agent in 2023
Ian Hall
Howard Hanna
(216) 854-4522
11 Total Sales
-
Buyer's Agent in 2023
Dave Shaarda
Deleted Agent
(440) 590-2080
Map
Source: MLS Now (Howard Hanna)
MLS Number: 4473262
APN: 02-02-015-117-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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