NOT LISTED FOR SALE

2505 W Erie Ave Lorain, OH 44053

Estimated Value: $165,000 - $182,000

3 Beds
1.5 Baths
1,848 Sq Ft
$95/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $92,700 $50 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,099/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating System
  • 1 Fireplace
  • 3 Car Detached Garage
  • North Facing Home

About This Home

As of October 2019

Are you looking to be an Owner Occupant? Have an Income Property? Flip a Property? This home could work for many buyers. Enjoy your Lake views while relaxing on your side porch. This century home has all the charm and character you want, with the updates you will love. Natural woodwork, french doors, built-in cabinets in the dining room. There is also newer copper piping, Romex wiring, and drywall throughout most of the home. There is also a half bath on the main level which is a great modern touch not always found in these charming Victorian homes. The 3.5 car garage is a great feature and has a 220v electric. That's not all...The attic space is ready for your finishing touches and could accommodate 2 more bedrooms or a huge owner site. Bring your vision if you still want to get more bang for your buck! OR...Bring your investor hat. Currently, the homes is being used as an income property and could easily do the same for you. Minutes from Lakeview Park!

Last Agent to Sell the Property

Erin Chappelle

Keller Williams Elevate License #2013004309 Listed on: 08/28/2019

Keller Williams Elevate

Last Buyer's Agent

Betty Higgins

Keller Williams Citywide License #2004019824

Keller Williams Citywide

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot
  • North Facing Home
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Lake View Allotment Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-023-105-003

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: North
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1900
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Dishwasher, Range, Refrigerator, Smoke Detector
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 6
  • Basement Detail: Full, Unfinished

Exterior Features

  • Exterior: Wood
  • Exterior Features: Storage Shed/Out Bld
  • Fences: Chain Link, Partial
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric
  • Garage Num Of Cars: 3

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Lake View Allotment

Schools

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

Lot Info

  • Additional Assessor Parcel Number 1: 02-02-023-105-002
  • Lot Description: Corner
  • Lot Size Units: Acres
  • Acres: 0.2600
  • Parcel Number: 02-02-023-105-003

Tax Info

  • Tax: 2497

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2019
Closed on
Oct 17, 2019
Sold by
Irizarry Kristin J
Bought by
Ritchie Justin T
Seller's Agent
Erin Chappelle
Keller Williams Elevate
Buyer's Agent
Betty Higgins
Keller Williams Citywide
List Price
$90,000
Sold Price
$92,700
Premium/Discount to List
$2,700
3%
Current Estimated Value
$175,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,280
Avg. Annual Appreciation
13.14%
Original Mortgage
$89,919
Outstanding Balance
$79,484
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$112,047

Purchase Details

Listed on
Dec 29, 2010
Closed on
Jan 11, 2012
Sold by
Uszak Tammy and Kent Tammy A
Bought by
Irizarry Kristen J
Seller's Agent
Jack Cochrane
Deleted Agent
Buyer's Agent
Greg Erlanger
Keller Williams Citywide
List Price
$84,900
Sold Price
$74,500
Premium/Discount to List
-$10,400
-12.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$72,610
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2009
Sold by
Kent Paul T
Bought by
Kent Tammy A

Purchase Details

Closed on
May 14, 1996
Sold by
Mentch Frances S
Bought by
Kent Paul T and Kent Tammy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.78%
Mortgage Type
New Conventional
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
Ritchie Justin T $92,700 Old Republic Natl Ttl Ins Co
Irizarry Kristen J $74,500 None Available
Kent Tammy A -- Attorney
Kent Paul T $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritchie Justin T $89,919
Previous Owner Irizarry Kristen J $72,610
Previous Owner Kent Paul T $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $92,700 +3.0% $50 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $90,000 +20.8% $49 / Sq Ft
01/13/2012 01/13/12 Sold $74,500 -12.2% $40 / Sq Ft
11/03/2011 11/03/11 Pending -- -- --
12/29/2010 12/29/10 For Sale $84,900 -- $46 / 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 $1,762 $42,732 $9,303 $33,429
2023 $1,883 $36,565 $14,557 $22,008
2022 $1,867 $36,565 $14,557 $22,008
2021 $1,867 $36,565 $14,557 $22,008
2020 $2,035 $34,620 $13,780 $20,840
2019 $2,023 $34,620 $13,780 $20,840
2018 $2,024 $34,620 $13,780 $20,840
2017 $2,101 $33,880 $11,940 $21,940
2016 $2,084 $33,880 $11,940 $21,940
2015 $1,966 $33,880 $11,940 $21,940
2014 $1,953 $33,740 $11,940 $21,800
2013 $1,938 $33,740 $11,940 $21,800
Source: Public Records

Agents Affiliated with this Home

  • Erin Chappelle

    Seller's Agent in 2019

    Erin Chappelle

    Keller Williams Elevate

    (440) 373-1950

    2 in this area

    85 Total Sales

    Erin Chappelle
    Section Image
  • Betty Higgins

    Buyer's Agent in 2019

    Betty Higgins

    Keller Williams Citywide

    (440) 452-5098

    15 in this area

    201 Total Sales

    Betty Higgins
    Section Image

  • J

    Seller's Agent in 2012

    Jack Cochrane

    Deleted Agent

  • D

    Seller Co-Listing Agent in 2012

    Debra Cochrane

    Howard Hanna

    (440) 213-6429

    2 Total Sales

    Debra Cochrane
    Section Image
  • Greg Erlanger

    Buyer's Agent in 2012

    Greg Erlanger

    Keller Williams Citywide

    (440) 892-2211

    103 in this area

    3,793 Total Sales

    Greg Erlanger
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4129701

MLS Now

APN: 02-02-023-105-003

Ohio Lorain County Lorain 44053

2505 W Erie Ave, Lorain, OH

This home is located at 2505 W Erie Ave, Lorain, OH 44053 since 28 August 2019 and is currently estimated at $175,980, approximately $95 per square foot. This property was built in 1900. 2505 W Erie 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.

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