2500 E 32nd St Lorain, OH 44055
Estimated payment $755/month
Highlights
- Colonial Architecture
- 1 Car Detached Garage
- Forced Air Heating and Cooling System
- No HOA
- Front Porch
About This Home
This solid 3-bed, 1-bath home is tenant-occupied through 12/31/25 at $1,350/month, offering immediate cash flow with potential long-term rental stability for investors. The current tenant is interested in staying beyond lease end. Major mechanicals have been updated: furnace mid-life and hot water tank (2021), vinyl windows throughout, and a mid-life roof and a detached garage. A standout feature is the large rear addition with a private entrance — currently used as a rec room, but offering flexible future potential. Located on a quiet residential street with off-street parking. Strong rental performer with low maintenance — ideal for buy-and-hold investors. Please reach out to co-list for additional photos. All information deemed reliable but not guaranteed — buyer to perform their own due diligence regarding condition, layout, and rental terms. Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote investors!
Listing Agent
RE/MAX Haven Realty Brokerage Email: mike@theazzamgroup.com 216-232-2187 License #2014004734 Listed on: 06/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,097
Year Built
- Built in 1902
Parking
- 1 Car Detached Garage
Home Design
- Colonial Architecture
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,062 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Additional Features
- Front Porch
- 5,663 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Sheffield Land & Improv C Subdivision
Listing and Financial Details
- Assessor Parcel Number 03-00-081-109-001
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,097 | $49,623 | $3,920 | $45,703 |
| 2023 | $1,143 | $21,644 | $4,064 | $17,581 |
| 2022 | $1,134 | $21,644 | $4,064 | $17,581 |
| 2021 | $1,133 | $21,644 | $4,064 | $17,581 |
| 2020 | $1,050 | $17,420 | $3,270 | $14,150 |
| 2019 | $1,045 | $17,420 | $3,270 | $14,150 |
| 2018 | $1,045 | $17,420 | $3,270 | $14,150 |
| 2017 | $1,250 | $19,650 | $4,030 | $15,620 |
| 2016 | $1,241 | $19,650 | $4,030 | $15,620 |
| 2015 | $1,172 | $19,650 | $4,030 | $15,620 |
| 2014 | $1,119 | $18,800 | $3,850 | $14,950 |
| 2013 | $1,110 | $18,800 | $3,850 | $14,950 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Pending | -- | -- | -- |
| 10/03/2025 10/03/25 | Price Changed | $109,900 | -4.4% | $53 / Sq Ft |
| 09/10/2025 09/10/25 | Price Changed | $114,900 | -8.1% | $56 / Sq Ft |
| 07/30/2025 07/30/25 | Price Changed | $125,000 | -7.4% | $61 / Sq Ft |
| 06/06/2025 06/06/25 | For Sale | $135,000 | -- | $65 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | Black Tie Title | |
| Special Warranty Deed | $5,000,000 | None Listed On Document | |
| Quit Claim Deed | -- | Attorney | |
| Interfamily Deed Transfer | -- | None Available | |
| Survivorship Deed | -- | Guardian Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $88,000 | New Conventional | |
| Previous Owner | $44,000 | Seller Take Back |
Source: MLS Now
MLS Number: 5129339
APN: 03-00-081-109-001
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.
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.
- 2440 E 32nd St
- 2338 E 31st St
- 2312 E 32nd St
- 2456 E 37th St
- 2374 E 37th St
- 3690 Gary Ave
- 2323 Homewood Dr
- 2315 Homewood Dr
- 3934 Gary Ave
- 2126 E 29th St
- 4216 Camden Ave
- 4541 French Creek Rd
- V/L Grove Ave
- 1929 E 31st St
- 1924 E 33rd St
- 1951 E 39th St
- 4543 Norfolk Ave
- 4651 Camden Ave
- 1928 E 41st St
- 1859 E 33rd St