NOT LISTED FOR SALE

1612 Reid Ave Lorain, OH 44052

Estimated Value: $110,000 - $177,329

6 Beds
2.5 Baths
2,304 Sq Ft
$64/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $85,000 $37 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $941/month

7 Days on Market

About This Home

As of February 2021

Twin Homes for sale for one price and 2 parcels. The homes are on one parcel and additional parcel is included in sale. Each Home has 1152 Sq. Ft. Separate utilities, gas heat. Long term tenants. PP#'s (0201003139037-(026). Cement siding (No Vinyl), roofs are 2 years old. Seller has owned these homes since the 70's. Call now for details. No Point of sale necessary!

Last Agent to Sell the Property

Gary Dodson

Howard Hanna License #290885 Listed on: 01/08/2021

Howard Hanna

Co-Listed By

Natalie Iafolla

Howard Hanna License #2014004565

Last Buyer's Agent

Andrew Monson

Keller Williams Citywide License #2020001084

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • East Facing Home
  • Unpaved Streets

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 02-01-003-139-037

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: East
  • Price Per Square Foot: 36.89
  • Estimated Price per Sq Ft: 36.89
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2304
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 2304.00
  • Sq Ft Approx Total Finished: 2304.00

Exterior Features

  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0700
  • Parcel Number: 02-01-003-139-037

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 2
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2386

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Monson Matthew and Monson Andrew
Bought by
Gonzalez Daniel Michael
Current Estimated Value
$147,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$110,294
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving
Estimated Equity
$37,288
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
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 List to Sale Price per Sq Ft
02/01/2021 02/01/21 Sold $85,000 +7.6% $37 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $79,000 -- $34 / 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

  • Gary Dodson

    Seller's Agent in 2021

    Gary Dodson

    Howard Hanna

    (440) 320-6464

    69 in this area

    196 Total Sales

    Gary Dodson
    Section Image
  • Natalie Iafolla

    Seller Co-Listing Agent in 2021

    Natalie Iafolla

    Howard Hanna

    (440) 308-7336

    58 in this area

    169 Total Sales

    Natalie Iafolla
    Section Image

  • A

    Buyer's Agent in 2021

    Andrew Monson

    Keller Williams Citywide

    (216) 308-9615

    2 in this area

    7 Total Sales

    Andrew Monson
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4249333

MLS Now

APN: 02-01-003-139-037

Ohio Lorain County Lorain 44052

1612 Reid Ave, Lorain, OH

Not Listed for Sale

MultiFamily

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