NOT LISTED FOR SALE

1603 Nichols Ave Lorain, OH 44053

Estimated Value: $66,000 - $87,000

2 Beds
1 Bath
720 Sq Ft
$112/Sq Ft Est. Value

About This Home

This home is located at 1603 Nichols Ave, Lorain, OH 44053 and is currently estimated at $80,439, approximately $111 per square foot. 1603 Nichols 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2023
Sold by
Tomak Michael J
Bought by
Hill Bethany Marie
Current Estimated Value
$80,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Outstanding Balance
$47,411
Interest Rate
7.57%
Mortgage Type
Credit Line Revolving
Estimated Equity
$29,889

Purchase Details

Closed on
Sep 3, 2020
Sold by
Hill Timothy and Hill Deborah
Bought by
Tomak Michael J and Tomak Bethany M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 1, 2002
Sold by
Hud
Bought by
Hill Timothy and Hill Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
6.18%

Purchase Details

Closed on
Jul 5, 2002
Sold by
Thompson Brian J and Corrigan Stacie L
Bought by
Hud

Purchase Details

Closed on
Jul 18, 1996
Sold by
New Donald R
Bought by
Thompson Brian J and Corrigan Stacie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,920
Interest Rate
8.31%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Hill Bethany Marie -- None Listed On Document
Tomak Michael J $30,000 Old Republic Natl Ttl Ins Co
Hill Timothy $43,000 Lakeside Title & Escrow Agen
Hud $40,000 --
Thompson Brian J $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Bethany Marie $48,000
Previous Owner Tomak Michael J $28,500
Previous Owner Hill Timothy $40,800
Previous Owner Thompson Brian J $24,200
Previous Owner Thompson Brian J $50,920
Source: Public Records

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 $1,236 $29,971 $10,749 $19,222
2023 $785 $15,075 $7,669 $7,406
2022 $778 $15,075 $7,669 $7,406
2021 $778 $15,075 $7,669 $7,406
2020 $861 $14,270 $7,260 $7,010
2019 $856 $14,270 $7,260 $7,010
2018 $856 $14,270 $7,260 $7,010
2017 $468 $7,360 $4,730 $2,630
2016 $465 $7,360 $4,730 $2,630
2015 $439 $7,360 $4,730 $2,630
2014 $438 $7,360 $4,730 $2,630
2013 $435 $7,360 $4,730 $2,630
Source: Public Records

Map

Ohio Lorain County Lorain 44053

1603 Nichols Ave, Lorain, OH

Homes for Sale in Lorain, OH

This home is located at 1603 Nichols Ave, Lorain, OH 44053 and is currently estimated at $80,439, approximately $111 per square foot. 1603 Nichols 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.

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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