NOT LISTED FOR SALE

2557 E 40th St Lorain, OH 44055

Estimated Value: $87,000 - $148,000

3 Beds
1 Bath
864 Sq Ft
$136/Sq Ft Est. Value

Last Sold June 28, 2018

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

Est. 135% increase in value since last sale

Current estimated payment $721/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%
Current Estimated Value
$117,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,682
Avg. Annual Appreciation
12.62%

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

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
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
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

    9 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

    21 Total Sales

    Michael Konopka
    Section Image
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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 $117,682, approximately $136 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.

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