NOT LISTED FOR SALE

2557 E 40th St Lorain, OH 44055

Estimated Value: $94,000 - $135,000

3 Beds
1 Bath
864 Sq Ft
$132/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $50,000 $58 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $735/month

1 Day on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 3-minute walk to Homewood Park
  • Wood Fence

About This Home

As of June 2018

One floor living, newer furnace and hot water tank, partially updated bath. New carpet throughout. Large fenced in back yard with storage shed. Home is in move in condition.

Last Agent to Sell the Property

Scott Winfield

Keller Williams Greater Metropolitan License #2015002651 Listed on: 06/06/2018

Keller Williams Greater Metropolitan

Last Buyer's Agent

Michael Konopka

Russell Real Estate Services License #2001014118

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $988

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Homewood Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-080-110-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$988

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Ranch
  • Price Per Square Foot: 57.87
  • Estimated Price per Sq Ft: 57.87
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 864
  • Year Built: 1950
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 5
  • Sq Ft Approx Above Grade Finished: 864.00
  • Sq Ft Approx Total Finished: 864.00

Exterior Features

  • Exterior: Vinyl
  • Fences: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Homewood

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1700
  • Parcel Number: 03-00-080-110-016

Tax Info

  • Tax: 988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jun 26, 2018
Sold by
Corrigan Michael W and Corrigan Candice M
Bought by
Hlm Properties Llc
Seller's Agent
Scott Winfield
Keller Williams Greater Metropolitan
Buyer's Agent
Michael Konopka
Russell Real Estate Services
List Price
$52,900
Sold Price
$50,000
Premium/Discount to List
-$2,900
-5.48%
Total Days on Market
1
Current Estimated Value
$113,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,967
Avg. Annual Appreciation
13.10%

Purchase Details

Closed on
Apr 14, 2004
Sold by
Hering Darlene A and Smith Dawn M
Bought by
Corrigan Michael W and Corrigan Candice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,198
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Lorain, OH

  • 5458 Ridgewood St, Lorain, OH 44055

    $110,000

    • 2 Beds
    • 1 Bath
    • 5458 Ridgewood St
    • Lorain, OH

    Updated 2-Bedroom Ranch – Clearview School District! Charming and move-in ready! This beautifully updated 2-bedroom, 1-bath ranch features modern vinyl flooring, an open-concept layout, and brand-new kitchen cabinets. Enjoy one-floor comfort with a convenient laundry room at the back of the house and fresh interior paint throughout. Set in the desirable Clearview School District, this home offers

    Dina Hernandez Russell Real Estate Services

    Section Image
  • 2531 E 39th St, Lorain, OH 44055

    $149,900

    • 3 Beds
    • 1 Bath
    • 864 Sq Ft
    • 2531 E 39th St
    • Lorain, OH

    Welcome home! This well-maintained 3-bedroom, 1-bath ranch home offers comfortable one floor living on a quiet St.in Lorain. Step inside to a bright living room with large windows. The kitchen features plenty of space for cooking anddining. All three bedrooms are nicely sized with ample closet space. Outside, enjoy a spacious backyard perfect forentertaining, pets, or gardening. The property also

    Michelle McMahon Russell Real Estate Services

    Section Image
  • 2494 E 39th St, Lorain, OH 44055

    $119,900

    • 3 Beds
    • 1 Bath
    • 2494 E 39th St
    • Lorain, OH

    3 bedroom Homewood Ranch (1056 sq. ft.) - oversized 2+ car attached garage. Eat-in Kitchen/Dinette. Large Living Room. Updated shower with walk-up shower with glass doors. Large Kitchen with tons of counter space. Spacious corner lot - quiet neighborhood. Please DO NOT disturb tenants.

    Diane Griffith NEO Rental Agent, LLC

    Section Image
  • 2456 E 37th St, Lorain, OH 44055

    $115,000

    • 3 Beds
    • 1 Bath
    • 1,113 Sq Ft
    • 2456 E 37th St
    • Lorain, OH

    Occupied Property Disclosure. Buyer acknowledges and understands that property herein is reported to be occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Property is

    Brian Brockman Williams & Williams Real Estate Auctions

    Section Image
  • 4207 Willow Ave, Lorain, OH 44055

    $149,900

    • 3 Beds
    • 1 Bath
    • 864 Sq Ft
    • 4207 Willow Ave
    • Lorain, OH

    Do not miss your opportunity to own this remodeled 3 bed; 1 bath ranch. Very functional layout, move right in; detached one car garage; easy access to I-90 and the Turnpike; schedule your showing before its gone.

    Kimberly Strader NEO Rental Agent, LLC

    Section Image
  • 4213 Tacoma Ave, Lorain, OH 44055

    $134,900

    • 3 Beds
    • 1 Bath
    • 4213 Tacoma Ave
    • Lorain, OH

    Discover easy, one-level living in this beautifully updated 3-bedroom, 1-bath ranch-style home. Perfect for first-time buyers, down-sizers, or anyone looking for a low-maintenance lifestyle, this home offers a warm and inviting layout with a spacious living room, and a bright new kitchen.Enjoy a new roof, windows, furnace, central air, flooring and more. This home has ample natural light, and a

    Tammy Nemeth The Sweda Group, LLC.

    Section Image
  • 4206 Norfolk Ave, Lorain, OH 44055

    $130,000

    • 3 Beds
    • 1 Bath
    • 4206 Norfolk Ave
    • Lorain, OH

    Welcome to this beautifully updated 3-bedroom, 1-bath ranch offering easy, one-floor living in a smart and functional layout. Step inside to discover a spacious and sunlit oversized living room, perfect for hosting friends or relaxing with family. The seamless flow leads into a refreshed kitchen—renovated in 2024—featuring brand-new cabinetry, sleek stainless steel appliances, durable new

    Theresa Seese McDowell Homes Real Estate Services

    Section Image
  • 2375 E 42nd St, Lorain, OH 44055

    $139,000

    • 3 Beds
    • 1 Bath
    • 960 Sq Ft
    • 2375 E 42nd St
    • Lorain, OH

    Move in ready & Perfect starter home or for someone who is downsizing. Nice quiet street with plenty of improvements including: front & back door, kitchen cabinets, kitchen countertops & faucets, newer windows, remodeled bathroom w/tub surround, commode, vanity & faucets, all bedrooms have new carpeting, vinyl siding March 2025, 2019 roof. Move right in! One floor living & well maintained. All

    Dawn Balog Russell Real Estate Services

    Section Image
  • 4113 Riverside Dr, Lorain, OH 44055

    $155,000

    • 3 Beds
    • 1 Bath
    • 4113 Riverside Dr
    • Lorain, OH

    This charming and well-maintained 3-bedroom ranch offers a perfect blend of comfort and functionality. Recent upgrades include some new windows that let in plenty of natural light, and a stylish new garage door that enhances curb appeal. Step inside to discover a spacious kitchen, featuring abundant cabinet and countertop space, ideal for all your culinary adventures and meal preparation. There's

    Melissa McConaughey Russell Real Estate Services

    Section Image
See All Homes in Lorain

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
Hlm Properties Llc $50,000 None Available
Corrigan Michael W $60,300 --
Corrigan Michael W -- Elyria Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corrigan Michael W $54,198
Previous Owner Hering Paul A $13,568
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $50,000 -5.5% $58 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $52,900 -- $61 / 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 $1,200 $28,410 $11,211 $17,199
2023 $1,013 $19,173 $6,713 $12,460
2022 $1,004 $19,173 $6,713 $12,460
2021 $1,004 $19,173 $6,713 $12,460
2020 $930 $15,430 $5,400 $10,030
2019 $925 $15,430 $5,400 $10,030
2018 $926 $15,430 $5,400 $10,030
2017 $988 $15,520 $6,850 $8,670
2016 $980 $15,520 $6,850 $8,670
2015 $926 $15,520 $6,850 $8,670
2014 $884 $14,850 $6,550 $8,300
2013 $877 $14,850 $6,550 $8,300
Source: Public Records

Agents Affiliated with this Home

  • Scott Winfield

    Seller's Agent in 2018

    Scott Winfield

    Keller Williams Greater Metropolitan

    (440) 364-3944

    2 in this area

    10 Total Sales

    Scott Winfield
    Section Image

  • M

    Buyer's Agent in 2018

    Michael Konopka

    Russell Real Estate Services

    (448) 724-6545

    6 in this area

    22 Total Sales

    Michael Konopka
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4005804

MLS Now

APN: 03-00-080-110-016

Ohio Lorain County Lorain 44055

2557 E 40th St, Lorain, OH

This home is located at 2557 E 40th St, Lorain, OH 44055 since 06 June 2018 and is currently estimated at $113,967, approximately $131 per square foot. This property was built in 1950. 2557 E 40th St is a home located in Lorain County with nearby schools including Helen Steiner Rice Elementary School, Southview 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