NOT LISTED FOR SALE

1518 W 40th St Lorain, OH 44053

Estimated Value: $164,000 - $172,000

2 Beds
1 Bath
1,144 Sq Ft
$148/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $110,500 $97 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,063/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 1 Car Attached Garage

About This Home

As of December 2020

Welcome to one floor living. This ranch offers 2 bedrooms and 1 bathroom. The spacious living room is connected to the dining room
offering lots of space for family gatherings. There is a 1 car attached garage, great for those cold days. The large fenced in backyard is
complete with a patio, swing and built in fire pit. Great for entertaining! Schedule your appointment today!

Last Agent to Sell the Property

Marlon Sadler

Russell Real Estate Services License #2015005173 Listed on: 11/13/2020

Russell Real Estate Services

Last Buyer's Agent

Catherine Morales

Deleted Agent License #2012002449

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,789

Year Built

  • Built in 1957

Lot Details

  • 10,019 Sq Ft Lot
  • Chain Link Fence

Parking

  • 1 Car Attached Garage

Home Design

  • Tile Roof

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • Urban Allotment Add 02 Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-015-117-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,789

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Ranch
  • Price Per Square Foot: 96.59
  • Estimated Price per Sq Ft: 96.59
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1144
  • Year Built: 1957
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1957

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Wall Oven, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Bedrooms on Main Level: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 7
  • Basement Detail: Full, Unfinished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1144.00
  • Sq Ft Approx Total Finished: 1144.00

Exterior Features

  • Exterior: Aluminum
  • Fences: Chain Link
  • Roof: Tile

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 1

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Urban Allotment Add 02

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2300
  • Parcel Number: 02-02-015-117-016

Tax Info

  • Tax: 1789

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2020
Closed on
Dec 3, 2020
Sold by
Butts Brenda G and Butts Robert W
Bought by
Nichols Daniel W and Nichols Sharon L
Seller's Agent
Marlon Sadler
Russell Real Estate Services
Buyer's Agent
Catherine Morales
Deleted Agent
List Price
$110,000
Sold Price
$110,500
Premium/Discount to List
$500
0.45%
Current Estimated Value
$169,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,571
Avg. Annual Appreciation
7.22%

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jun 21, 2016
Sold by
Kaufman Michael A
Bought by
Sims Brenda G
Seller's Agent
Donna Miller
Howard Hanna
Buyer's Agent
Kimberley Guelker
Berkshire Hathaway HomeServices Lucien Realty
List Price
$84,900
Sold Price
$84,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$84,051
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jun 20, 2016
Sold by
Kaufman Michael A
Bought by
Sims Brenda G
Seller's Agent
Donna Miller
Howard Hanna
Buyer's Agent
Kimberley Guelker
Berkshire Hathaway HomeServices Lucien Realty
List Price
$84,900
Sold Price
$84,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,051
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2011
Sold by
Trzeciak Susan M and Trzeciak Victor
Bought by
Kaufman Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,732
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 1994
Sold by
Albright Theresa M
Bought by
Sadowski Agnes T
Source: Public Records

Range of Values:

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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
Nichols Daniel W $110,500 North Star Title Servies Llc
Sims Brenda G $9,900 Fidelity National Title
Sims Brenda G $9,900 Fidelity National Title
Kaufman Michael A $50,000 True Title Agency Inc
Sadowski Agnes T $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sims Brenda G $84,051
Previous Owner Sims Brenda G $84,051
Previous Owner Kaufman Michael A $48,732
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $110,500 +0.5% $97 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $110,000 +29.6% $96 / Sq Ft
06/21/2016 06/21/16 Sold $84,900 0.0% $74 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $84,900 -- $74 / 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 $2,039 $49,459 $9,982 $39,477
2023 $1,858 $36,082 $9,888 $26,194
2022 $1,842 $36,082 $9,888 $26,194
2021 $1,842 $36,082 $9,888 $26,194
2020 $1,799 $30,610 $7,990 $22,620
2019 $1,789 $30,610 $7,990 $22,620
2018 $1,719 $30,610 $7,990 $22,620
2017 $1,649 $26,590 $7,900 $18,690
2016 $1,636 $26,590 $7,900 $18,690
2015 $1,543 $26,590 $7,900 $18,690
2014 $1,653 $28,560 $8,480 $20,080
2013 $1,641 $28,560 $8,480 $20,080
Source: Public Records

Agents Affiliated with this Home

  • Marlon Sadler

    Seller's Agent in 2020

    Marlon Sadler

    Russell Real Estate Services

    (440) 258-3006

    2 in this area

    17 Total Sales

    Marlon Sadler
    Section Image

  • C

    Buyer's Agent in 2020

    Catherine Morales

    Deleted Agent

  • Donna Miller

    Seller's Agent in 2016

    Donna Miller

    Howard Hanna

    (440) 396-8063

    9 in this area

    16 Total Sales

    Donna Miller
    Section Image
  • Donna Templeton

    Seller Co-Listing Agent in 2016

    Donna Templeton

    Howard Hanna

    (440) 396-8063

    44 in this area

    201 Total Sales

    Donna Templeton
    Section Image
  • Kimberley Guelker

    Buyer's Agent in 2016

    Kimberley Guelker

    Berkshire Hathaway HomeServices Lucien Realty

    (440) 346-0915

    114 in this area

    309 Total Sales

    Kimberley Guelker
    Section Image
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Map

Source: MLS Now

MLS Number: 4239464

MLS Now

APN: 02-02-015-117-016

Ohio Lorain County Lorain 44053

1518 W 40th St, Lorain, OH

This home is located at 1518 W 40th St, Lorain, OH 44053 since 13 November 2020 and is currently estimated at $169,071, approximately $147 per square foot. This property was built in 1957. 1518 W 40th St is a home located in Lorain County with nearby schools including Toni Wofford Morrison Elementary School, Gen. Johnnie Wilson Middle School, and Lorain High School.

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.

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