NOT LISTED FOR SALE

1971 E 42nd St Lorain, OH 44055

Lorain Area

Estimated Value: $137,000 - $170,000

6 Beds
2 Baths
1,944 Sq Ft
$79/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2021

Last sale price $117,300 $60 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $989 / mo

18 Days on Market

About This Home

As of November 2021

Ideal opportunity for investor or owner occupant. Rare 3 bedroom townhome duplex on quiet street. Strong rental history. Occupy one unit and let the other pay your mortgage. Or rent both and have positive cash flow.

Last Agent to Sell the Property

Darryl Roberts

Relevant Real Estate Services License #2020006282 Listed on: 09/10/2021

Last Buyer's Agent

Charles Lewis

Home Equity Realty Group License #2020001184

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1970

Lot Details

  • 7,841

Parking

  • Driveway

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,944 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 03-00-100-112-007

Community Details

Overview

  • 2 Units
  • Oakwood Acres Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,437

Year Built

Built in 1970

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 60.34
  • Estimated Price per Sq Ft: 60.34
  • Year Built Exception: Not Verifiable
  • Num Of Stories: 2.00
  • Total Sq Ft: 1944
  • Year Built: 1970
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1970

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1944.00
  • Sq Ft Approx Total Finished: 1944.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Oakwood Acres

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-100-112-007

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link, Electric, Heating

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1437

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 28, 2021
Sold by
Bought by
Seller's Agent
Darryl Roberts
Relevant Real Estate Services
Buyer's Agent
Charles Lewis
Home Equity Realty Group
List Price
$125,000
Sold Price
$117,300
Premium/Discount to List
-$7,700
-6.16%
Current Estimated Value
$153,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,759
Avg. Annual Appreciation
5.81%
Original Mortgage
$87,975
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2019
Closed on
Mar 4, 2020
Sold by
Bought by
Seller's Agent
Darryl Roberts
Deleted Agent
Buyer's Agent
Darryl Roberts
Deleted Agent
List Price
$199,900
Sold Price
$92,000
Premium/Discount to List
-$107,900
-53.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%
Original Mortgage
$69,000
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2004
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$117,300 Russo Angelo
$92,000 None Available
$92,000 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $87,975
Previous Owner $69,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2021 11/01/21 Sold $117,300 -6.2% $60 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $125,000 0.0% $64 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $125,000 +35.9% $64 / Sq Ft
03/06/2020 03/06/20 Sold $92,000 -54.0% $24 / Sq Ft View Prior Sale
02/08/2020 02/08/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $199,900 -- $51 / Sq Ft
Source: MLS Now

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,943 $45,980 $5,278 $40,702
2023 $1,564 $29,600 $5,873 $23,727
2022 $1,551 $29,600 $5,873 $23,727
2021 $1,550 $29,600 $5,870 $23,730
2020 $1,437 $23,830 $4,730 $19,100
2019 $1,429 $23,830 $4,730 $19,100
2018 $1,430 $23,830 $4,730 $19,100
2017 $1,450 $22,790 $5,610 $17,180
Source: Public Records

Agents Affiliated with this Home

  • Darryl Roberts

    Seller's Agent in 2021

    Darryl Roberts

    Relevant Real Estate Services

    (440) 570-9144

    55 Total Sales

    Darryl Roberts
    Section Image
  • Charles Lewis

    Buyer's Agent in 2021

    Charles Lewis

    Home Equity Realty Group

    (440) 539-4864

    87 Total Sales

    Charles Lewis
    Section Image
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Map

Source: MLS Now

MLS Number: 4316082

MLS Now

APN: 03-00-100-112-007

Ohio Lorain County Lorain 44055

1971 E 42nd St, Lorain, OH

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