NOT LISTED FOR SALE

1502 Long Ave Lorain, OH 44052

8 Beds
4 Baths
1,744 Sq Ft
6,970 Sq Ft Lot

Last Sold December 21, 2020

Last sale price $102,500 $59 Per Sq Ft

71 Days on Market

About This Home

As of December 2020

Welcome To 1502-1508 Long Avenue! Excellent Investment Opportunity Awaits!!! FOUR Units In the Revitalized Lorain Area! This Property Has TWO Multi-Family Units On One Lot (With One Parcel Number). Each Units Features Two Bedrooms and One Full Bath. Laundry Hook-Ups Are Located In the Basement. The Electric Is Updated Throughout Both Properties. One Unit Has Boiler Heat and One Unit Has Gas Furnace. There Is Ample Off Street Parking. Completely Fully Rented With Long Term Tenants. $25,200 Annually Gross. Annual Expenses Are $6500 Estimated. Call Today To Find Out More!!

Last Agent to Sell the Property

Jacqueline Jakacki

RE/MAX Above & Beyond License #2015002772 Listed on: 07/23/2020

RE/MAX Above & Beyond

Co-Listed By

Joshua Anton

The Agency Cleveland Northcoast License #2019005754

Last Buyer's Agent

Jeremy Piper

Keller Williams Elevate License #2017001816

Keller Williams Elevate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1900

Lot Details

  • 6,970

Home Design

  • Asphalt Roof
  • Cedar
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • 6,970 Sq Ft Lot
  • Unfinished Basement

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 02-01-006-130-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,700

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Unfinished

Exterior Features

  • Exterior: Cedar, Vinyl
  • Roof: Asphalt/Fiberglass

Utilities

  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1600
  • Parcel Number: 02-01-006-130-048

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Gas, Heating

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 2
  • Number of Units: 4
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1700

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2020 12/21/20 Sold $102,500 0.0% $59 / Sq Ft
10/02/2020 10/02/20 Off Market $102,500 -- --
10/02/2020 10/02/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $105,000 0.0% $60 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $105,000 +176.3% $60 / Sq Ft
09/01/2016 09/01/16 Sold $38,000 -23.8% $22 / Sq Ft View Prior Sale
06/21/2016 06/21/16 Pending -- -- --
08/06/2015 08/06/15 For Sale $49,900 -- $29 / Sq Ft
Source: MLS Now

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 $2,632 $62,300 $3,735 $58,566
2023 $1,564 $29,607 $3,315 $26,292
2022 $1,551 $29,607 $3,315 $26,292
2021 $1,550 $29,607 $3,315 $26,292
2020 $1,579 $26,180 $2,930 $23,250
2019 $1,570 $26,180 $2,930 $23,250
2018 $1,533 $26,180 $2,930 $23,250
2017 $1,496 $23,510 $3,300 $20,210
2016 $1,484 $23,510 $3,300 $20,210
2015 $1,402 $23,510 $3,300 $20,210
2014 $1,295 $21,760 $3,050 $18,710
2013 $1,285 $21,760 $3,050 $18,710
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Jakacki

    Seller's Agent in 2020

    Jacqueline Jakacki

    RE/MAX

    (216) 375-1158

    58 in this area

    275 Total Sales

    Jacqueline Jakacki
    Section Image
  • Joshua Anton

    Seller Co-Listing Agent in 2020

    Joshua Anton

    The Agency Cleveland Northcoast

    (216) 469-1456

    3 in this area

    162 Total Sales

    Joshua Anton
    Section Image

  • J

    Buyer's Agent in 2020

    Jeremy Piper

    Keller Williams Elevate

    (440) 915-3322

    1 Total Sale

    Jeremy Piper
    Section Image

  • M

    Seller's Agent in 2016

    Melanie Caruso

    Deleted Agent

  • Patrick Judge

    Seller Co-Listing Agent in 2016

    Patrick Judge

    Russell Real Estate Services

    (440) 282-4444

    18 in this area

    43 Total Sales

    Patrick Judge
    Section Image

  • G

    Buyer's Agent in 2016

    Glorivania Maldonado

    Russell Real Estate Services

    (440) 396-9443

    14 in this area

    16 Total Sales

    Glorivania Maldonado
    Section Image
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Map

Source: MLS Now

MLS Number: 4208771

MLS Now

APN: 02-01-006-130-048

Ohio Lorain County Lorain 44052

1502 Long Ave, Lorain, OH

Not Listed for Sale

MultiFamily

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