NOT LISTED FOR SALE

220 Lake Ave Elyria, OH 44035

Estimated Value: $98,000 - $144,000

4 Beds
2 Baths
1,727 Sq Ft
$67/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $62,911 $36 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $773/month

3 Days on Market

About This Home

As of December 2021

Need an investment before the end of the year? Looking to add to your portfolio or possibly live in one side and let your tenant pay your mortgage? This up and down 2 bedrooms each has just what you are looking for. Lower unit has been renovated and tenant is mo to mo. Upstairs unit has had updates and is ready for someone to occupy. 3rd floor could easily be finished off to add extra sq ftg to Unit 2. Call today before you miss your opportunity

Last Agent to Sell the Property

Kimberley Guelker

Berkshire Hathaway HomeServices Lucien Realty License #386496 Listed on: 11/19/2021

Berkshire Hathaway HomeServices Lucien Realty

Last Buyer's Agent

Rebecca Bauer

Realtywise, Inc. License #2003011130

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,727 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • West/Black River Community

Listing and Financial Details

  • Tenant pays for electric, gas, pays all
  • Assessor Parcel Number 06-24-127-000-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 36.43
  • Estimated Price per Sq Ft: 36.43
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1727
  • 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: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 1727.00
  • Sq Ft Approx Total Finished: 1727.00

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: West/Black River

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2000
  • Parcel Number: 06-24-127-000-010

Rental Info

  • Tenant Pays: Electric, Gas, Pays All

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 2379

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2024
Sold by
Cle Resid Properties Corp
Bought by
Thunder Paws Holding Co Llc
Current Estimated Value
$116,463

Purchase Details

Listed on
Nov 19, 2021
Closed on
Dec 13, 2021
Sold by
Falbo Gia
Bought by
Cle Residential Properties Corp
Seller's Agent
Kimberley Guelker
Berkshire Hathaway HomeServices Lucien Realty
Buyer's Agent
Rebecca Bauer
Realtywise, Inc.
List Price
$62,900
Sold Price
$62,911
Premium/Discount to List
$11
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.06%

Purchase Details

Listed on
Nov 19, 2021
Closed on
Oct 25, 2021
Sold by
Kindred Invetsment Group Llc
Bought by
Falbo Gia
Seller's Agent
Kimberley Guelker
Berkshire Hathaway HomeServices Lucien Realty
Buyer's Agent
Rebecca Bauer
Realtywise, Inc.
List Price
$62,900
Sold Price
$62,911
Premium/Discount to List
$11
0.02%

Purchase Details

Listed on
Jun 26, 2017
Closed on
Aug 16, 2017
Sold by
Elliott John
Bought by
Kindred Investment Group Llc
Seller's Agent
Artnetta Vines
Howard Hanna
Buyer's Agent
Justin Vines
Howard Hanna
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.35%
Source: Public Records

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
Thunder Paws Holding Co Llc $324,900 None Listed On Document
Cle Residential Properties Corp $63,000 Infinity Title Co
Falbo Gia $45,000 None Available
Kindred Investment Group Llc $20,000 Old Republic Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $62,911 0.0% $36 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $62,900 +39.8% $36 / Sq Ft
10/25/2021 10/25/21 Sold $45,000 0.0% $26 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $45,000 +125.0% $26 / Sq Ft
08/18/2017 08/18/17 Sold $20,000 0.0% $8 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $20,000 -- $8 / 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 $1,818 $37,496 $7,168 $30,328
2023 $2,051 $36,733 $4,372 $32,361
2022 $2,044 $36,733 $4,372 $32,361
2021 $2,081 $36,733 $4,372 $32,361
2020 $2,059 $32,710 $3,890 $28,820
2019 $1,290 $20,700 $3,890 $16,810
2018 $1,039 $21,080 $3,890 $17,190
2017 $763 $20,750 $2,950 $17,800
2016 $753 $20,750 $2,950 $17,800
2015 $705 $20,750 $2,950 $17,800
2014 $696 $20,750 $2,950 $17,800
2013 $690 $20,750 $2,950 $17,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4334516

MLS Now

APN: 06-24-127-000-010