NOT LISTED FOR SALE

1951 Nichols Ave Lorain, OH 44053

Estimated Value: $87,000 - $158,000

3 Beds
1 Bath
2,046 Sq Ft
$58/Sq Ft Est. Value

Last Sold June 22, 2020

Last sale price $49,000 $24 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $774/month

81 Days on Market

Highlights

  • 1 Car Detached Garage
  • Park
  • Forced Air Heating System
  • Porch
  • Bungalow
  • West Facing Home

About This Home

As of June 2020

A great starter home or investment property within walking distance to Lakeview Beach! This home has a large eat-in kitchen with newer appliances. There is a family room off of the kitchen and an additional room that could be used for a small office that has access to a fenced-in backyard! This home has a first-floor bedroom, a newer roof, furnace, and hot water tank.

Last Listed By

David Reddy

Keller Williams Citywide License #2001006408 Listed on: 02/21/2020

Keller Williams Citywide

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 40x100
  • West Facing Home
  • Chain Link Fence

Home Design

  • Bungalow
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-02-023-109-024

Community Details

Overview

  • Lakeview Allotment Community

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Bungalow
  • House Faces: West
  • Price Per Square Foot: 38.70
  • Estimated Price per Sq Ft: 38.70
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1266
  • Year Built: 1955
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 8
  • Basement Detail: Full, Unfinished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1266.00
  • Sq Ft Approx Below Grade Finished: 780.00
  • Sq Ft Approx Total Finished: 2046.00

Exterior Features

  • Exterior: Aluminum
  • Exterior Features: Porch
  • Fences: Chain Link
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener
  • Garage Num Of Cars: 1

Utilities

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

Association/Amenities

  • Amenities: Park

Condo/Co-op/Association

  • Subdivision Complex: Lakeview Allotment

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 40x100
  • Lot Size Units: Acres
  • Parcel Number: 02-02-023-109-024

Tax Info

  • Tax: 1489

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2020
Closed on
Jun 18, 2020
Sold by
Mcgannon Michael D
Bought by
Wilcox Michael R
Seller's Agent
David Reddy
Keller Williams Citywide
Buyer's Agent
Brock Morgan
Howard Hanna
List Price
$49,500
Sold Price
$49,000
Premium/Discount to List
-$500
-1.01%
Total Days on Market
81
Current Estimated Value
$119,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,273
Avg. Annual Appreciation
19.78%
Original Mortgage
$47,603
Outstanding Balance
$42,751
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$76,522

Range of Values:

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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
Wilcox Michael R $49,000 Miller Home Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilcox Michael R $47,603
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $49,000 -1.0% $24 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $49,500 0.0% $24 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $49,500 -- $24 / 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 $1,272 $30,853 $7,168 $23,685
2023 $1,351 $26,226 $6,647 $19,579
2022 $1,339 $26,226 $6,647 $19,579
2021 $1,339 $26,226 $6,647 $19,579
2020 $1,497 $24,830 $6,290 $18,540
2019 $1,489 $24,830 $6,290 $18,540
2018 $1,466 $24,830 $6,290 $18,540
2017 $1,443 $22,680 $4,840 $17,840
2016 $1,432 $22,680 $4,840 $17,840
2015 $808 $22,680 $4,840 $17,840
2014 $806 $22,680 $4,840 $17,840
2013 $800 $22,680 $4,840 $17,840
Source: Public Records

Agents Affiliated with this Home

  • David Reddy

    Seller's Agent in 2020

    David Reddy

    Keller Williams Citywide

    (440) 892-2211

    291 Total Sales

    David Reddy
    Section Image
  • Sherrie Haas

    Seller Co-Listing Agent in 2020

    Sherrie Haas

    Russell Real Estate Services

    (216) 215-6132

    48 Total Sales

    Sherrie Haas
    Section Image
  • Brock Morgan

    Buyer's Agent in 2020

    Brock Morgan

    Howard Hanna

    (440) 452-2724

    214 Total Sales

    Brock Morgan
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4160495

MLS Now

APN: 02-02-023-109-024

Ohio Lorain County Lorain 44053

1951 Nichols Ave, Lorain, OH

Homes for Sale in Lorain, OH

This home is located at 1951 Nichols Ave, Lorain, OH 44053 since 21 February 2020 and is currently estimated at $119,273, approximately $58 per square foot. This property was built in 1955. 1951 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.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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