$224,000
SOLD DEC 26, 2024

1612 W 40th St Lorain, OH 44053

3 Beds
2 Baths
2,602 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

7% Below List Price

32 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Attached Garage
  • Partially Fenced Property
  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of December 2024

All Brick Ranch Home on Lorain's West Side. Beautifully Updated with gleaming hardwood floors. Make an
appointment today to see this beautiful 3 bedroom, 2 full bathroom, and 2 car attached garage home with
many updates. This home offers a spacious living room with a fireplace. All the windows have been
replaced with Vinyl Replacement Windows. Updated Baths/Flooring/Fixtures. Three bedrooms all feature
hardwood floors. The interior's home was just freshly painted. You will love the new light fixtures
throughout the house. Kitchen offers lots of space to prepare your meals in. Don't miss your chance to
make this beautifully updated home yours. Look no further. This is it.

Last Agent to Sell the Property

Nicholas Huscroft

Chosen Real Estate Group Brokerage Email: 330-249-3499 office@chosenrealtyco.com License #2022001015 Listed on: 10/10/2024

Last Buyer's Agent

Karen Mobert

Howard Hanna License #2004008160

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,214

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80x125
  • Partially Fenced Property
  • Wood Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02-02-015-117-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,214

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1956
  • Attribution Contact: 330-249-3499 office@chosenrealtyco.com
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 1301.0
  • Reso Accessibility Features: None
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full, Partially Finished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1301.0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: Partial, Wood
  • Acres: 0.23
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Frame

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-02-015-117-014
  • LandLeaseYN: No
  • Lot Dimensions: 80x125
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2214.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Dec 17, 2024
Sold by
Caferro Family Revokable Living Trust and Caferro Francis
Bought by
Martin Margaret M
Seller's Agent
Nicholas Huscroft
Chosen Real Estate Group
Buyer's Agent
Karen Mobert
Howard Hanna
List Price
$239,900
Sold Price
$224,000
Premium/Discount to List
-$15,900
-6.63%
Views
83
Current Estimated Value
$229,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,849
Avg. Annual Appreciation
2.78%
Original Mortgage
$224,000
Outstanding Balance
$222,235
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$7,614

Purchase Details

Closed on
Jun 2, 2014
Sold by
Calhoun Warren
Bought by
Caferro Francis and Caferro Annamaria

Purchase Details

Closed on
May 8, 1995
Sold by
Sandiford Mercedes
Bought by
Calhoun Warren and Calhoun Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Fiduciary Deed $224,000 Miller Home Title
Sheriffs Deed $55,000 None Available
Deed $116,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 VA
Previous Owner $75,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2024 12/26/24 Sold $224,000 +2.8% $86 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
11/09/2024 11/09/24 Price Changed $218,000 -4.4% $84 / Sq Ft
10/28/2024 10/28/24 Price Changed $228,000 -5.0% $88 / Sq Ft
10/10/2024 10/10/24 For Sale $239,900 -- $92 / 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 $2,827 $66,917 $9,982 $56,935
2023 $2,214 $41,899 $9,888 $32,011
2022 $2,195 $41,899 $9,888 $32,011
2021 $2,195 $41,899 $9,888 $32,011
2020 $2,041 $33,850 $7,990 $25,860
2019 $2,030 $33,850 $7,990 $25,860
2018 $1,973 $33,850 $7,990 $25,860
2017 $1,916 $30,120 $7,900 $22,220
2016 $1,901 $30,120 $7,900 $22,220
2015 $1,796 $30,120 $7,900 $22,220
2014 $1,365 $32,340 $8,480 $23,860
2013 $1,355 $32,340 $8,480 $23,860
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5076601

MLS Now

APN: 02-02-015-117-014