NOT LISTED FOR SALE

2531 E Erie Ave Lorain, OH 44052

Estimated Value: $430,000 - $483,000

4 Beds
3 Baths
4,821 Sq Ft
$94/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $235,000 $49 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,920/month

566 Days on Market

Highlights

  • Beach Front
  • Lake View
  • Lake Privileges
  • Spa
  • 0.38 Acre Lot
  • Colonial Architecture

About This Home

As of January 2017

Amazingly spacious two story home located right on the shore of Lake Erie. Unobstructed breath-taking, stunning views of Lake Erie 365 days a year. Home features a large eat-in-kitchen; enormous great room with a wood burning fireplace; a separate Lake Erie viewing room; four very large spacious bedrooms; copious number of very large and deep closets, pantries, cedar closets, walk-in-closets, linen closets, storage closets, etc.; three full bathrooms (one per floor); and a two car attached garage. Almost 3000 sq ft of open living space with another nearly 2000 sq ft of clean basement space that includes a large recreation room with a 2nd fireplace. The home has a water-proofed basement and a newer roof.

Last Agent to Sell the Property

Paul Drury

Vangard Realty Concepts License #328737 Listed on: 05/01/2015

Last Buyer's Agent

Paul Drury

Vangard Realty Concepts License #328737 Listed on: 05/01/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,783

Year Built

  • Built in 1952

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 230x124
  • Beach Front
  • Lake Front
  • South Facing Home
  • Additional Land

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,821 Sq Ft Home
  • 1.5-Story Property
  • 2 Fireplaces
  • Lake Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Lake Privileges
  • Patio
  • Porch

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Wood

Community Details

  • Sheffield Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-048-101-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,783

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 81.23
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.50
  • Total Sq Ft: 2893
  • Year Built: 1952
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1952

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Wall Oven, Range, Refrigerator, Washer, Hot Tub
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 12
  • Basement Detail: Full, Partially Finished
  • Living Area Sq Ft: 4821
  • Estimated Total Living Area: 4821
  • Estimated Sq Ft: 2893

Exterior Features

  • View: Lake Erie, Water View
  • Exterior: Stone, Vinyl
  • Exterior Features: Patio, Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Access from Unit, Attached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas, Wood
  • Heating Type: Baseboard
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Sheffield

Schools

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

Lot Info

  • Lot Dimensions: 230x124
  • Lot Description: Addt'l Land Avail, Beach Front, Lake Erie Front, Lake Front, Lake Privileges/Acce, Waterfront
  • Lot Size Units: Acres
  • Acres: 0.3800
  • Parcel Number: 03-00-048-101-024

Tax Info

  • Tax: 5783

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Jan 26, 2017
Sold by
Kalouria Jasbir S and Kalouria Tonia V
Bought by
Hite Lisa L Brown and Hollifield Crystal B
Seller's Agent
Paul Drury
Vangard Realty Concepts
Buyer's Agent
Paul Drury
Vangard Realty Concepts
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Current Estimated Value
$453,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,658
Avg. Annual Appreciation
7.80%
Original Mortgage
$191,290
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 1999
Sold by
Bublik Joseph J and Bublik Barbara E
Bought by
Kalouria Jasbir S and Kalouria Tonia V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
6.8%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hite Lisa L Brown $235,000 Fidelity National Title
Kalouria Jasbir S $255,000 Midland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hite Lisa L Brown $191,290
Closed Kalouria Jasbir S $191,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2017 01/27/17 Sold $235,000 -6.0% $49 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
11/02/2016 11/02/16 For Sale $249,900 +6.3% $52 / Sq Ft
11/01/2016 11/01/16 Off Market $235,000 -- --
10/31/2016 10/31/16 Price Changed $249,900 -33.3% $52 / Sq Ft
05/01/2015 05/01/15 For Sale $374,900 -- $78 / 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 $6,486 $157,304 $92,351 $64,953
2023 $4,764 $92,491 $60,316 $32,176
2022 $4,722 $92,491 $60,316 $32,176
2021 $4,722 $92,491 $60,316 $32,176
2020 $4,549 $77,400 $50,470 $26,930
2019 $4,523 $77,400 $50,470 $26,930
2018 $4,650 $77,400 $50,470 $26,930
2017 $4,775 $85,750 $54,190 $31,560
2016 $6,314 $111,410 $54,190 $57,220
2015 $5,956 $111,410 $54,190 $57,220
2014 $5,276 $99,910 $48,600 $51,310
2013 $5,236 $99,910 $48,600 $51,310
Source: Public Records

Agents Affiliated with this Home

  • Paul Drury

    Seller's Agent in 2017

    Paul Drury

    Vangard Realty Concepts

    (440) 363-1760

    4 in this area

    33 Total Sales

    Paul Drury
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 3697177

MLS Now

APN: 03-00-048-101-024

Ohio Lorain County Lorain 44052

2531 E Erie Ave, Lorain, OH

This home is located at 2531 E Erie Ave, Lorain, OH 44052 since 01 May 2015 and is currently estimated at $453,658, approximately $94 per square foot. This property was built in 1952. 2531 E Erie Ave is a home located in Lorain County with nearby schools including Larkmoor Elementary School, Longfellow 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.

MLS Now 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.

Nearby Homes