NOT LISTED FOR SALE

1511 W Erie Ave Lorain, OH 44052

Estimated Value: $166,000 - $172,902

3 Beds
2 Baths
1,398 Sq Ft
$121/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $125,000 $89 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,090/month

26 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Porch
  • Community Lake
  • 2 Car Detached Garage
  • Patio

About This Home

As of April 2021

Attractive 3 BR colonial located in one of Lorain’s most sought after neighborhoods. Updates include vinyl siding for easy maintenance, most gutters and downspout have been replaced, upstairs windows have been replaced to vinyl, waterproofed basement, updated 100 am circuit box with most of the house rewired, Gas furnace and Central Air conditioning replaced in 2012, glass block windows in basement, updated insulation,water tank replaced, garage doors are about 4 years old,ceilings have been freshened with updated texturing. fireplace was converted to attractive gas fireplace. Welcoming large front porch, notice the beautiful natural wood work throughout the spacious living room and extra large dining room. The kitchen has been updated with newer floor, cabinets, laminated counters, and ceramic back splash plus you will enjoy the cozy breakfast room with plenty of windows looking out to the back yard. The master bedroom easily can accommodate king or queen bed. There is a nice sized closet in the master. The second bedroom is nice size plus has a nice closet. The third bedroom could make a great home office. You will love the full bath room Extra large and deep oval bath tub remains the center piece of the room, newer pedestal sink There is full bath with a stall shower in the basement Nice back yard plus patio. Extra large detached 2-1/2-car garage. Easy walk to Lakeview Park and the opportunity to go Jump in the lake.

Last Agent to Sell the Property

Jim Rieth

Rieth Realty, Inc. License #178601 Listed on: 02/25/2021

Last Buyer's Agent

Sonsee Schramm

Howard Hanna License #2015001558

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,510

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x150
  • North Facing Home

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,398 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-02-027-106-007

Community Details

Overview

  • Lake View Park Realty Allotment Community
  • Community Lake

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,510

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: North
  • Price Per Square Foot: 89.41
  • Estimated Price per Sq Ft: 89.41
  • Year Built Exception: Not Verifiable
  • Num Of Stories: 2.00
  • Total Sq Ft: 1398
  • Year Built: 1920
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Room Count: 6
  • Basement Detail: Full
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1398.00
  • Sq Ft Approx Total Finished: 1398.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Patio, Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Fireplace-Gas, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Lake, Park, Playground

Condo/Co-op/Association

  • Subdivision Complex: Lake View Park Realty Allotment

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 45x150
  • Lot Size Units: Acres
  • Acres: 0.1500
  • Parcel Number: 02-02-027-106-007

Tax Info

  • Tax: 1510

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 27, 2021
Sold by
Gladney James F and Gladney Cynthia
Bought by
Reed Theresa A
Seller's Agent
Jim Rieth
Rieth Realty, Inc.
Buyer's Agent
Sonsee Schramm
Howard Hanna
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Total Days on Market
26
Current Estimated Value
$168,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,726
Avg. Annual Appreciation
7.72%
Original Mortgage
$106,250
Outstanding Balance
$97,169
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$72,164
Source: Public Records

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Range of Values:

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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
Reed Theresa A $125,000 Barristers Of Ohio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Theresa A $106,250
Previous Owner Gladney James E $72,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $125,000 -3.8% $89 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $130,000 0.0% $93 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $130,000 -- $93 / 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 $1,749 $52,220 $9,846 $42,375
2023 $1,136 $31,220 $8,155 $23,065
2022 $1,594 $31,220 $8,155 $23,065
2021 $1,148 $31,220 $8,155 $23,065
2020 $996 $25,690 $6,710 $18,980
2019 $990 $25,690 $6,710 $18,980
2018 $1,008 $25,690 $6,710 $18,980
2017 $1,025 $25,220 $6,330 $18,890
2016 $1,017 $25,220 $6,330 $18,890
2015 $959 $25,220 $6,330 $18,890
2014 $1,106 $27,860 $6,990 $20,870
2013 $1,098 $27,860 $6,990 $20,870
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jim Rieth

    Rieth Realty, Inc.

    (440) 653-0033

    25 Total Sales

    Jim Rieth
    Section Image
  • Sonsee Schramm

    Buyer's Agent in 2021

    Sonsee Schramm

    Howard Hanna

    (440) 897-3014

    202 Total Sales

    Sonsee Schramm
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4258350

MLS Now

APN: 02-02-027-106-007

Ohio Lorain County Lorain 44052

1511 W Erie Ave, Lorain, OH

This home is located at 1511 W Erie Ave, Lorain, OH 44052 since 25 February 2021 and is currently estimated at $168,726, approximately $120 per square foot. This property was built in 1920. 1511 W Erie Ave is a home located in Lorain County with nearby schools including Admiral King Elementary School, Gen. Johnnie Wilson Middle School, and Lorain High School.

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