NOT LISTED FOR SALE

1604 Reid Ave Lorain, OH 44052

Estimated Value: $78,000 - $166,480

6 Beds
2.5 Baths
2,304 Sq Ft
$57/Sq Ft Est. Value

Last Sold February 14, 2024

Last sale price $150,000 $65 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $863/month

14 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of February 2024

Twin Homes for sale for one price and 2 parcels. The homes are on one parcel and the additional parcel (02-01-003-139-026) is included in the sale. Each home has an estimated 1152sq. ft. Separate utilities for each unit. Roof is around 5 years old, 2 year old water heaters & quality cement siding. Great long term tenants, they maintain the properties very well. All appliances are property of the Tenants.

Last Agent to Sell the Property

Andrew Monson

Keller Williams Citywide License #2020001084 Listed on: 12/12/2023

Keller Williams Citywide

Last Buyer's Agent

Dina Hernandez

Russell Real Estate Services License #2014001506

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Lawlers Sub Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 02-01-003-139-037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,558

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Subdivision Name: Lawlers Sub
  • Above Grade Finished Sq Ft: 2304.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2022
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Interior Entry
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.07
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-003-139-037
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1558.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Feb 12, 2024
Sold by
Monson Matthew and Monson Andrew
Bought by
Gonzalez Daniel Michael
Seller's Agent
Andrew Monson
Keller Williams Citywide
Buyer's Agent
Dina Hernandez
Russell Real Estate Services
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%
Total Days on Market
14
Views
32
Current Estimated Value
$131,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,380
Avg. Annual Appreciation
-9.36%
Original Mortgage
$112,500
Outstanding Balance
$111,058
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving
Estimated Equity
$20,562
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
Gonzalez Daniel Michael $150,000 First American Title
Gonzalez Daniel Michael $150,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Daniel Michael $112,500
Closed Gonzalez Daniel Michael $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $150,000 -6.3% $65 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/12/2023 12/12/23 For Sale $160,000 -- $69 / 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 $1,979 $46,837 $1,316 $45,521
2023 $1,572 $29,750 $1,075 $28,676
2022 $1,558 $29,750 $1,075 $28,676
2021 $2,357 $45,000 $1,075 $43,925
2020 $2,399 $39,790 $950 $38,840
2019 $2,386 $39,790 $950 $38,840
2018 $2,387 $39,790 $950 $38,840
2017 $1,602 $25,170 $1,070 $24,100
2016 $1,589 $25,170 $1,070 $24,100
2015 $1,501 $25,170 $1,070 $24,100
2014 $1,387 $23,300 $990 $22,310
2013 $1,376 $23,300 $990 $22,310
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Andrew Monson

    Keller Williams Citywide

    2 in this area

    7 Total Sales

    Andrew Monson
    Section Image
  • Dina Hernandez

    Buyer's Agent in 2024

    Dina Hernandez

    Russell Real Estate Services

    (440) 986-1202

    123 in this area

    193 Total Sales

    Dina Hernandez
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5006405

MLS Now

APN: 02-01-003-139-037

Ohio Lorain County Lorain 44052

1604 Reid Ave, Lorain, OH

This home is located at 1604 Reid Ave, Lorain, OH 44052 since 12 December 2023 and is currently estimated at $131,620, approximately $57 per square foot. This property was built in 1900. 1604 Reid Ave is a home located in Lorain County with nearby schools including Hawthorne Elementary School, Longfellow 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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