NOT LISTED FOR SALE

2516 W 40th St Lorain, OH 44053

Estimated Value: $226,000 - $257,000

3 Beds
2 Baths
1,558 Sq Ft
$159/Sq Ft Est. Value

Last Sold September 17, 2024

Last sale price $245,000 $157 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,497/month

52 Days on Market

Highlights

  • Medical Services
  • 1 Fireplace
  • Neighborhood Views
  • Community Lake
  • No HOA
  • 2 Car Attached Garage

About This Home

As of September 2024

Step into this charming midcentury split-level home nestled in the heart of Lorain, Ohio, where modern updates blend seamlessly with timeless design. This meticulously maintained residence offers a perfect balance of comfort and style, featuring three spacious bedrooms and two full baths. Upon entering, you are greeted by an inviting atmosphere highlighted by an open layout that enhances natural light throughout. The centerpiece of the home is the beautifully updated kitchen, which boasts sleek cabinetry, stainless steel appliances, and granite countertops. Whether preparing a casual breakfast or hosting a dinner party, this kitchen is sure to inspire culinary creativity. The bathrooms have also been tastefully renovated to reflect contemporary elegance, featuring new fixtures, designer tile work, and ample storage space. Each bath provides a tranquil retreat, ideal for unwinding after a long day. Entertaining is effortless with the seamless flow from the kitchen to the living room. Additional highlights of this home include LVT flooring throughout, a cozy fireplace for chilly evenings, and a finished lower level that offers versatile space for a home office, playroom, or additional living area. Fido or the kiddo's will enjoy playing in the fenced in backyard.
Located in a desirable neighborhood of Lorain, this property combines the charm of a quiet residential setting with the convenience of nearby amenities, schools, and parks. Commuting is a breeze with easy access to major highways and public transportation.
Whether you're looking for a place to call home or a savvy investment opportunity, this midcentury gem offers the perfect blend of modern updates and classic appeal. Don't miss your chance to own a piece of Lorain's history updated for today's lifestyle.

Last Agent to Sell the Property

Danielle Mittler

HomeSmart Real Estate Momentum LLC Brokerage Email: danielle@daniellemittler.com 330-591-7923 License #2015002813 Listed on: 06/26/2024

HomeSmart Real Estate Momentum LLC

Last Buyer's Agent

Angela Griffiths

Berkshire Hathaway HomeServices Professional Realty License #448991

Berkshire Hathaway HomeServices Professional Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,605

Year Built

  • Built in 1964

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 64x143
  • South Facing Home
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Block Foundation
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,558 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Neighborhood Views
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 02-02-013-109-029

Community Details

Overview

  • No Home Owners Association
  • Skyline Subdivision
  • Community Lake

Amenities

  • Medical Services
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,605

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1964
  • Attribution Contact: danielle@daniellemittler.com 330-591-7923
  • ResoLotFeatures: Back Yard
  • Reso View: Neighborhood
  • Subdivision Name: Skyline
  • Above Grade Finished Sq Ft: 1558.0
  • Reso Accessibility Features: None
  • Architectural Style: Split-Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Two, Multi/Split
  • Property Attached Yn: No
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Partially Finished
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Back Yard
  • Acres: 0.21
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Direction Faces: South
  • Foundation Details: Block
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake, Medical Service, Shopping, Suburban, Sidewalks
  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-02-013-109-029
  • LandLeaseYN: No
  • Lot Dimensions: 64x143
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3605.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Sep 16, 2024
Sold by
Manville Laura
Bought by
Wetherbee Cody R
Seller's Agent
Danielle Mittler
HomeSmart Real Estate Momentum LLC
Buyer's Agent
Angela Griffiths
Berkshire Hathaway HomeServices Professional Realty
List Price
$245,000
Sold Price
$245,000
Views
82
Current Estimated Value
$247,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,449
Avg. Annual Appreciation
0.98%
Original Mortgage
$245,000
Interest Rate
6.47%
Mortgage Type
VA

Purchase Details

Listed on
Apr 30, 2020
Closed on
May 26, 2020
Sold by
Bresnicky Moore Anne
Bought by
Manville Laura
Seller's Agent
Andrea Neal
Russell Real Estate Services
Buyer's Agent
Dana Oberdove
Hotdoors, LLC
List Price
$154,900
Sold Price
$167,000
Premium/Discount to List
$12,100
7.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$161,990
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2019
Closed on
Oct 24, 2019
Sold by
U S Bank National Association
Bought by
Bresnicky Moore Anne
Seller's Agent
John Lynch
Keller Williams Citywide
Buyer's Agent
John Lynch
Keller Williams Citywide
List Price
$67,000
Sold Price
$69,431
Premium/Discount to List
$2,431
3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
354.12%

Purchase Details

Closed on
Aug 1, 2019
Sold by
Bryant Erica D and Bryant Mark D
Bought by
U S Bank National Association and American General Mortgage Loan Tr 2009 1

Purchase Details

Closed on
Dec 23, 2004
Sold by
Bryant Mark D and Bryant Erica D
Bought by
Bryant Mark D and Bryant Erica D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2003
Sold by
Vanhorn Robert J and Vanhorn Lisa M
Bought by
Bryant Mark D and Rodriguez Erica D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,044
Interest Rate
5.51%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2001
Sold by
Kenny John P and Kenny Tamara A
Bought by
Vanhorn Robert J and Vanhorn Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
6.69%
Source: Public Records

Range of Values:

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Average Value
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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
Wetherbee Cody R $245,000 None Listed On Document
Manville Laura $167,000 Erieview Title Agency Inc
Bresnicky Moore Anne $69,431 None Available
U S Bank National Association $59,000 None Available
Bryant Mark D -- Truetitle Agency Inc
Bryant Mark D $119,900 Northstar Title Services
Vanhorn Robert J $97,000 Insignia Title Agency Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wetherbee Cody R $245,000
Previous Owner Manville Laura $161,990
Previous Owner Bryant Mark D $135,000
Previous Owner Bryant Mark D $118,044
Previous Owner Vanhorn Robert J $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $245,000 +4.3% $157 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/06/2024 08/06/24 Price Changed $235,000 -2.1% $151 / Sq Ft
07/08/2024 07/08/24 Price Changed $240,000 -2.0% $154 / Sq Ft
06/28/2024 06/28/24 For Sale $245,000 +46.7% $157 / Sq Ft
05/27/2020 05/27/20 Sold $167,000 +7.8% $107 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $154,900 +123.1% $99 / Sq Ft
10/29/2019 10/29/19 Sold $69,431 +3.6% $45 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $67,000 -- $43 / 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 $2,276 $55,188 $12,646 $42,543
2023 $1,948 $37,821 $9,979 $27,843
2022 $1,931 $37,821 $9,979 $27,843
2021 $1,931 $37,821 $9,979 $27,843
2020 $1,867 $30,960 $8,170 $22,790
2019 $1,809 $30,960 $8,170 $22,790
2018 $1,810 $30,960 $8,170 $22,790
2017 $1,884 $30,380 $10,070 $20,310
2016 $1,869 $30,380 $10,070 $20,310
2015 $1,763 $30,380 $10,070 $20,310
2014 $1,810 $29,790 $9,880 $19,910
2013 $1,711 $29,790 $9,880 $19,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5050061

MLS Now

APN: 02-02-013-109-029