NOT LISTED FOR SALE

1878 Homewood Dr Lorain, OH 44055

Estimated Value: $111,000 - $165,000

3 Beds
1.5 Baths
1,396 Sq Ft
$103/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $80,000 $57 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $925/month

69 Days on Market

Highlights

  • High Ceiling
  • Porch
  • Forced Air Heating and Cooling System
  • No HOA
  • 1 Car Attached Garage
  • 4-minute walk to Porath Park

About This Home

As of July 2024

Welcome to this charming vinyl-sided bi-level colonial home nestled on a spacious lot, offering both comfort and potential. As you approach, you'll be greeted by the classic colonial-style exterior with low-maintenance vinyl siding, ensuring durability and easy upkeep for years to come. The attached one-car garage provides convenient parking and additional storage space, while the large yard offers endless possibilities for outdoor enjoyment, from gardening to family gatherings. Step inside and discover the versatile layout of this home, featuring two family rooms—one on the first floor and an addition on the second floor. Whether you're looking for a cozy space to relax or a roomy area to entertain guests, you'll find it here. The spacious living room serves as the heart of the home, providing a welcoming atmosphere for gatherings and everyday living. While this home boasts many desirable features, it is in need of updating, offering the perfect opportunity for you to add your personal touch and transform it into your dream home. With some modernization and renovation, you can unlock the full potential of this property and create a stylish and comfortable living space that reflects your unique style and preferences. Don't miss out on the chance to make this home your own. Schedule a showing today and envision the possibilities of turning this house into your ideal home.

Last Agent to Sell the Property

Roman Tarnawsky

Lokal Real Estate, LLC. Brokerage Email: 216-252-6580 marketing@lokalrealestate.com License #2006006316 Listed on: 04/24/2024

Last Buyer's Agent

Renee Velasquez

EXP Realty, LLC. License #2008000480

EXP Realty, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,757

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property

Parking

  • 1 Car Attached Garage

Home Design

  • Split Level Home
  • Fixer Upper
  • Slab Foundation
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,396 Sq Ft Home
  • 2-Story Property
  • High Ceiling

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Oakwood Acres Sub Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 03-00-100-108-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,757

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1956
  • Attribution Contact: 216-252-6580 marketing@lokalrealestate.com
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: Oakwood Acres Sub
  • Above Grade Finished Sq Ft: 1396.0
  • Architectural Style: Bi-Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Reso Interior Features: High Ceilings
  • Unit Levels: Two, Multi/Split
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • Tax Year: 2022
  • Property Sub Type Additional: Single Family Residence
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Partial
  • Acres: 0.18
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • 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: 03-00-100-108-009
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1757.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jul 17, 2024
Sold by
Vrmtg Asset Trust and Us Bank Trust National Association
Bought by
Murilio Queidi Maribel Meza
Seller's Agent
Roman Tarnawsky
Lokal Real Estate, LLC.
Buyer's Agent
Renee Velasquez
EXP Realty, LLC.
List Price
$84,900
Sold Price
$80,000
Premium/Discount to List
-$4,900
-5.77%
Views
153
Current Estimated Value
$144,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,132
Avg. Annual Appreciation
46.76%

Purchase Details

Closed on
Apr 4, 2024
Sold by
Lorain County
Bought by
Vrmtg Asset Trust and Us Bank Trust

Purchase Details

Closed on
Mar 7, 2007
Sold by
Padua Luis and Padua Luis A
Bought by
Padua Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2006
Sold by
Novales Hector and Novales Miriam
Bought by
Padua Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,100
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 18, 1996
Sold by
Mitock Joanne R
Bought by
Novales Hector and Novales Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
8.05%
Mortgage Type
New Conventional
Source: Public Records

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.

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 Buyer Sale Price Title Company
Murilio Queidi Maribel Meza $80,000 None Listed On Document
Vrmtg Asset Trust $88,200 None Listed On Document
Padua Luis A -- Americas Choice Title Agency
Padua Luis $106,000 Southeast Equity Title Agenc
Novales Hector $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padua Luis A $82,483
Previous Owner Padua Luis A $88,000
Previous Owner Padua Luis $90,100
Previous Owner Novales Hector $61,600
Previous Owner Novales Hector $75,200
Previous Owner Novales Hector $49,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $80,000 -5.8% $57 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $84,900 -- $61 / 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 $1,753 $41,493 $4,522 $36,971
2023 $1,772 $33,544 $4,263 $29,281
2022 $1,757 $33,544 $4,263 $29,281
2021 $1,757 $33,544 $4,263 $29,281
2020 $1,629 $27,010 $3,430 $23,580
2019 $1,620 $27,010 $3,430 $23,580
2018 $1,583 $27,010 $3,430 $23,580
2017 $1,546 $24,290 $4,670 $19,620
2016 $1,533 $24,290 $4,670 $19,620
2015 $1,449 $24,290 $4,670 $19,620
2014 $1,383 $23,240 $4,470 $18,770
2013 $1,373 $23,240 $4,470 $18,770
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5033228

MLS Now

APN: 03-00-100-108-009