NOT LISTED FOR SALE

1501 Shaffer Dr Lorain, OH 44053

Lorain Area

Estimated Value: $207,000 - $258,633

6 Beds
2 Baths
2,505 Sq Ft
$88/Sq Ft Est. Value

Sale Details

Date Sold: November 10, 2020

Last sale price $115,000 $46 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,458 / mo

626 Days on Market

About This Home

As of November 2020

Fully rented, well cared for three bedroom duplex on South side of Lorain. Tenants pay all utilities except water. Great addition to your investment portfolio. Both units have one garage space. Large backyard. Low vacancy rates. Call today to tour this money maker!

Last Agent to Sell the Property

Marc Gagne

Century 21 Homestar License #2012002749 Listed on: 01/14/2019

Century 21 Homestar

Last Buyer's Agent

Danielle Hughes

Elite Class Realty LLC License #2022004890

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,093

Year Built

  • Built in 1974

Lot Details

  • 9,583

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System

Additional Features

  • 2-Story Property
  • 9,583 Sq Ft Lot

Community Details

  • 2 Units
  • Ashwood Acres Sub #1 Community

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 02-02-005-113-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,093

Year Built

Built in 1974

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1974
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1974

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Ashwood Acres Sub #1

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2200
  • Parcel Number: 02-02-005-113-006

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric

Multi Family

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

Tax Info

  • Tax: 2093

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2019
Closed on
Oct 29, 2020
Sold by
Bought by
Seller's Agent
Marc Gagne
Century 21 Homestar
Buyer's Agent
Danielle Hughes
Elite Class Realty LLC
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Current Estimated Value
$221,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,158
Avg. Annual Appreciation
11.98%
Original Mortgage
$112,917
Outstanding Balance
$98,161
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$122,997

Purchase Details

Closed on
Aug 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lorain, OH

  • Keyano Burgess Real Estate Agent - Lokal Real Estate, LLC.

    Keyano Burgess

    Lokal Real Estate, LLC.

    (216) 999-3997

    130 Total Sales

    2 in Lorain

    $99K - $100K Price Range

    Keyano Burgess
     Section Image
  • Cindy Otonoga Real Estate Agent - Keller Williams Elevate

    Cindy Otonoga

    Keller Williams Elevate

    (440) 530-4995

    51 Total Sales

    1 in Lorain

    $183,000 Price

    Cindy Otonoga
     Section Image
  • Tera Somogyi Real Estate Agent - Keller Williams Living

    Tera Somogyi

    Keller Williams Living

    (440) 616-7530

    153 Total Sales

    3 in Lorain

    $141K - $360K Price Range

    Tera Somogyi
     Section Image
  • Ryan King Real Estate Agent - King Realty

    Ryan King

    King Realty

    (440) 581-1296

    64 Total Sales

    2 in Lorain

    $75K - $154K Price Range

    Ryan King
     Section Image
  • Chris Higgins Real Estate Agent - Keller Williams Citywide

    Chris Higgins

    Responds Quickly

    Keller Williams Citywide

    (440) 597-3464

    140 Total Sales

    8 in Lorain

    $140K - $640K Price Range

    Chris Higgins
     Section Image
  • Cody Webb Real Estate Agent - Russell Real Estate Services

    Cody Webb

    Russell Real Estate Services

    (567) 743-7890

    116 Total Sales

    3 in Lorain

    $113K - $169K Price Range

    Cody Webb
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$115,000 Chicago Title
-- --
$130,000 Lawyers Title Insurance Corp
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $112,917
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2020 11/10/20 Sold $115,000 -4.2% $46 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
06/28/2019 06/28/19 Price Changed $120,000 -4.0% $48 / Sq Ft
01/14/2019 01/14/19 For Sale $125,000 -- $50 / Sq Ft
Source: MLS Now

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,913 $68,950 $8,617 $60,333
2023 $2,336 $44,212 $10,672 $33,541
2022 $2,316 $44,212 $10,672 $33,541
2021 $2,316 $44,212 $10,672 $33,541
2020 $2,269 $37,630 $9,080 $28,550
2019 $2,257 $37,630 $9,080 $28,550
2018 $2,258 $37,630 $9,080 $28,550
2017 $2,093 $32,890 $8,910 $23,980
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marc Gagne

    Century 21 Homestar

    (419) 685-1902

    50 Total Sales

    Marc Gagne
    Section Image
  • Danielle Hughes Real Estate Agent - Elite Class Realty LLC

    Buyer's Agent in 2020

    Danielle Hughes

    Elite Class Realty LLC

    (440) 989-6003

    139 Total Sales

    Danielle Hughes
    Section Image
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Map

Source: MLS Now

MLS Number: 4063322

MLS Now

APN: 02-02-005-113-006

Ohio Lorain County Lorain 44053

1501 Shaffer Dr, Lorain, OH

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.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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