2505 Elyria Ave Lorain, OH 44055
Lorain AreaEstimated payment $908/month
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
About This Home
Opportunity awaits with this spacious 5-bedroom, 2-bath home offering an incredible amount of space and potential. This property is a great opportunity for an investor, contractor, or family looking for a large home to make their own.
The property is currently listed with the county as a duplex, although the home is presently laid out and being used as a single-family residence. With the proper work and modifications, there is potential to convert the property back into a duplex, providing an excellent opportunity for an investor or someone looking for additional income potential. Buyers should verify zoning, permitting, and conversion requirements with the appropriate local authorities.
The home does need a moderate amount of work, but several projects have already been started. The main bathroom renovation is underway and is just short of the finishing touches, including tile and a vanity. All of the materials that were already purchased for the bathroom are being left with the home.
The basement is partially finished and includes a bathroom, providing additional space and potential for the new owner.
The property also includes a refrigerator, stove, washer, and dryer. These appliances were relatively new and in working condition and have been left at the property. With 5 bedrooms, 2 bathrooms, a large layout, duplex potential, and plenty of room to customize, this property offers numerous possibilities.
Whether you're an investor looking for your next project or a family looking for a large home with room to grow, this property is worth a look.
Property is being sold as-is.
Listing Agent
D.A.R.E Brokerage Email: 216-287-1766, darerealtyllc@gmail.com License #2025001934 Listed on: 08/15/2026
Co-Listing Agent
D.A.R.E Brokerage Email: 216-287-1766, darerealtyllc@gmail.com License #2022000699
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,679
Year Built
- Built in 1900
Parking
- Driveway
Home Design
- Colonial Architecture
- Block Foundation
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
Utilities
- No Cooling
- Forced Air Heating System
Additional Features
- 2-Story Property
- 4,792 Sq Ft Lot
- Finished Basement
Community Details
- No Home Owners Association
- Slavish Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-00-093-113-001
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,679 | $42,830 | $1,456 | $41,374 |
| 2023 | $1,771 | $33,940 | $644 | $33,296 |
| 2022 | $1,755 | $33,940 | $644 | $33,296 |
| 2021 | $1,778 | $33,940 | $640 | $33,300 |
| 2020 | $1,810 | $30,010 | $570 | $29,440 |
| 2019 | $1,800 | $30,010 | $570 | $29,440 |
| 2018 | $1,800 | $30,010 | $570 | $29,440 |
| 2017 | $1,063 | $16,720 | $1,290 | $15,430 |
| 2016 | $383 | $6,080 | $1,290 | $4,790 |
| 2015 | $362 | $6,080 | $1,290 | $4,790 |
| 2014 | $558 | $18,140 | $1,190 | $16,950 |
| 2013 | $554 | $18,140 | $1,190 | $16,950 |
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 |
|---|---|---|---|---|---|
| 08/15/2026 08/15/26 | For Sale | $140,000 | +17.6% | -- | |
| 11/06/2024 11/06/24 | Sold | $119,000 | +3.5% | $39 / Sq Ft | View Prior Sale |
| 09/07/2024 09/07/24 | Pending | -- | -- | -- | |
| 08/29/2024 08/29/24 | For Sale | $115,000 | +945.5% | $38 / Sq Ft | |
| 03/26/2015 03/26/15 | Sold | $11,000 | -26.2% | $5 / Sq Ft | View Prior Sale |
| 03/09/2015 03/09/15 | Pending | -- | -- | -- | |
| 01/16/2015 01/16/15 | For Sale | $14,900 | -- | $6 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $119,000 | None Listed On Document | |
| Quit Claim Deed | -- | Baker Anthony | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $11,000 | None Available | |
| Limited Warranty Deed | $21,000 | None Available | |
| Sheriffs Deed | $24,000 | None Available | |
| Limited Warranty Deed | $68,000 | Midland Title | |
| Sheriffs Deed | $55,800 | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,844 | FHA | |
| Previous Owner | $66,949 | Seller Take Back |
Source: MLS Now
MLS Number: 5236858
APN: 02-00-093-113-001
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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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Ask me questions while you tour the home.