NOT LISTED FOR SALE

1505 Lake Ave Elyria, OH 44035

Estimated Value: $113,860 - $164,000

3 Beds
2 Baths
1,231 Sq Ft
$115/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $150,000 $122 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $860/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Neighborhood Views
  • Woodwork
  • No HOA
  • Covered Patio or Porch
  • Chandelier

About This Home

As of July 2024

two story home with two full baths. Covered patio accessible from the walk-out basement. Laundry room and full bath in basement and area that could be finished to rec room. . Bath upstairs has a separate area for a beauty bar with a lighted mirror and counter. Hardwood flooring throughout except kitchen and bath. There are two parcels included with this property. One parcel 164 Ft. deep and the other is 175 ft. deep. Each parcel has 41.46 Ft. frontage. Furnace is being cleaned and checked. Hot water tank is approx. one year old.Rear yard is privacy wood fenced and front yard is chain link. Newer A/C unit. Taxes include both parcels. Close to I 90 and turnpike.

Last Agent to Sell the Property

Judy Wargo

MAC Realty, Inc. Brokerage Email: 440-452-6244 judereal@aol.com License #240265 Listed on: 06/03/2024

Last Buyer's Agent

Wendy Rounds

Howard Hanna License #2008003703

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,354

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • West Facing Home
  • Back and Front Yard Fenced
  • Privacy Fence
  • Chain Link Fence
  • Lot Sloped Down
  • 06- 24- 035- 105- 005

Home Design

  • Colonial Architecture
  • Shingle Siding

Interior Spaces

  • 1,231 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Chandelier
  • Insulated Windows
  • Neighborhood Views
  • Unfinished Basement
  • Laundry in Basement
  • Dryer

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Parking

  • No Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 06-24-035-105-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,354

Year Built

Built in 1932 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1932
  • Attribution Contact: 440-452-6244 judereal@aol.com
  • ResoLotFeatures: Back Yard, Sloped Down
  • ResoPoolFeatures: None
  • Reso View: Neighborhood
  • Above Grade Finished Sq Ft: 1231.0
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Reso Interior Features: Ceiling Fan(s), Chandelier, Pantry, Natural Woodwork
  • Unit Levels: Two
  • Property Attached Yn: No
  • Reso Property Condition: Updated/Remodeled
  • ResoWindowFeatures: Insulated Windows
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Exterior Entry, Interior Entry, Concrete, Unfinished, Walk-Up Access, Walk-Out Access
  • Basement: Yes
  • Appliances: Dryer, Dishwasher, Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Stories: 2

Exterior Features

  • Exterior Features: Private Yard
  • Roof: Asbestos Shingle, Other
  • Fencing: Back Yard, Chain Link, Full, Front Yard, Gate, Privacy
  • Acres: 0.31
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Shingle Siding
  • Direction Faces: West
  • Patio And Porch Features: Covered

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, No Garage, Off Street

Utilities

  • LaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Basement, Lower Level, Laundry Room
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-24-035-105-006
  • LandLeaseYN: No
  • Additional Parcels Description: 06- 24- 035- 105- 005
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1354.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 23, 2024
Sold by
Castle Cathy L and Castle Paul
Bought by
Thacker Nathaniel and Pitre Heather
Seller's Agent
Judy Wargo
MAC Realty, Inc.
Buyer's Agent
Wendy Rounds
Howard Hanna
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%
Views
10
Current Estimated Value
$141,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,785
Avg. Annual Appreciation
-4.16%
Original Mortgage
$153,225
Outstanding Balance
$151,352
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
-$10,137

Purchase Details

Closed on
Dec 17, 2010
Sold by
Secretary Of Housing & Urban Development
Bought by
Castle Cathy L

Purchase Details

Closed on
Jul 13, 2010
Sold by
Maiden Anne M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 7, 2010
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jul 22, 2004
Sold by
Maiden Scott L and Maiden Jennifer D
Bought by
Maiden Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,300
Interest Rate
6.42%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Thacker Nathaniel $150,000 Chicago Title
Castle Cathy L $21,000 Lakeside Title & Escrow Agen
Wells Fargo Bank Na $46,000 None Available
Secretary Of Housing & Urban Development -- None Available
Maiden Anne M $110,000 Sandstone Title Agency Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thacker Nathaniel $153,225
Previous Owner Maiden Anne M $108,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $150,000 +0.1% $122 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $149,900 -- $122 / 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 $1,457 $30,069 $4,435 $25,634
2023 $1,284 $22,425 $4,211 $18,214
2022 $1,248 $22,425 $4,211 $18,214
2021 $1,251 $22,425 $4,211 $18,214
2020 $1,161 $18,520 $3,480 $15,040
2019 $1,154 $18,520 $3,480 $15,040
2018 $1,237 $18,520 $3,480 $15,040
2017 $1,317 $20,230 $3,400 $16,830
2016 $1,300 $20,230 $3,400 $16,830
2015 $1,220 $20,230 $3,400 $16,830
2014 $1,206 $20,230 $3,400 $16,830
2013 $1,195 $20,230 $3,400 $16,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5043392

MLS Now

APN: 06-24-035-105-006