NOT LISTED FOR SALE

1507 Root Rd Lorain, OH 44052

Estimated Value: $183,000 - $259,000

4 Beds
2 Baths
2,364 Sq Ft
$92/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $55,000 $23 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $1,415/month

7 Days on Market

Highlights

  • 0.65 Acre Lot
  • Wooded Lot
  • No HOA
  • Colonial Architecture
  • 1 Fireplace
  • Porch

About This Home

As of July 2013

Welcome home to 1507 Root Rd in Lorain, OH. This huge Multi-level home has so much to offer at this Great Value! The interior features four bedrooms, two baths, a large living room or possible in law suite with its own separate entrance. The exterior features a two car attached garage, small porch, concrete deck in the rear and a Huge back Yard. Great home for a large family. Bring this property back to its full potential at the exceptional Value! Don't miss out, Call today! HUD # 412-609679

Last Agent to Sell the Property

Mandria Aceto

Realuxe Ohio License #2003007374 Listed on: 06/19/2013

Last Buyer's Agent

Rafael Perez Marin

Deleted Agent License #2013000400

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 86x330
  • Partially Fenced Property
  • Wood Fence
  • Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Split Level Home
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Sheffield Subdivision

Listing and Financial Details

  • HUD Owned
  • Assessor Parcel Number 03-00-058-101-023

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1950
  • ResoLotFeatures: Wooded
  • ResoSpecialListingConditions: HUD Owned
  • Subdivision Name: Sheffield
  • Reso Accessibility Features: None
  • Architectural Style: Colonial, Other, Split Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two, Multi/Split
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Partial, Wood
  • Acres: 0.65
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • 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: 03-00-058-101-023
  • Lot Dimensions: 86X330
  • Lot Size Sq Ft: 28314.0
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2248.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2013
Closed on
Jul 19, 2013
Sold by
The Secretary Of Hud
Bought by
Carranza Juan A
Seller's Agent
Mandria Aceto
Realuxe Ohio
Buyer's Agent
Rafael Perez Marin
Deleted Agent
List Price
$44,000
Sold Price
$55,000
Premium/Discount to List
$11,000
25%
Current Estimated Value
$219,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,792
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
Mar 11, 2013
Sold by
Bank Of America N A
Bought by
The Secretary Of Hud

Purchase Details

Closed on
Oct 31, 2012
Sold by
Krek Richard F
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 27, 2009
Sold by
Rivera Andres and Rivera Isabel
Bought by
Krek Richard F and Krek Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,735
Interest Rate
5.19%
Mortgage Type
FHA
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Carranza Juan A $55,000 Behalf Of Lakeside Title And
The Secretary Of Hud -- None Available
Bank Of America Na $40,000 None Available
Krek Richard F $125,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krek Richard F $122,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $55,000 +25.0% $23 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $44,000 -- $19 / 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 $3,153 $76,458 $7,200 $69,258
2023 $2,728 $52,962 $7,991 $44,972
2022 $2,704 $52,962 $7,991 $44,972
2021 $2,703 $52,962 $7,991 $44,972
2020 $2,581 $43,920 $6,630 $37,290
2019 $2,566 $43,920 $6,630 $37,290
2018 $2,600 $43,920 $6,630 $37,290
2017 $2,633 $42,460 $9,170 $33,290
2016 $2,612 $42,460 $9,170 $33,290
2015 $2,463 $42,460 $9,170 $33,290
2014 $2,341 $40,440 $8,730 $31,710
2013 $2,323 $40,440 $8,730 $31,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3419377

MLS Now

APN: 03-00-058-101-023