$8,000
SOLD OCT 27, 2016

2583 E 40th St Lorain, OH 44055

3 Beds
1 Bath
1,122 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$7 Per Sq Ft

73% Below List Price

58 Days on Market

Highlights

  • 1 Fireplace
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Porch
  • Patio
  • 3-minute walk to Homewood Park

About This Home

As of February 2017

Easy & convenient ranch home on corner lot in Lorain! Covered front porch entry. Living room with picture window and stove-pipe fireplace. Light & sunny eat-in kitchen with tiled floors. Utility/laundry room with rear access to patio in back yard. Family/media room. 3 good-sized bedrooms and full bath. Attached single car garage. Needs some TLC and upgrades. Don't miss this opportunity!

Last Agent to Sell the Property

Kenneth Myers

Deleted Agent License #389458 Listed on: 07/27/2016

Deleted Agent

Last Buyer's Agent

Greg DePalma

Deleted Agent License #2008003574

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 70x150
  • Partially Fenced Property
  • Wood Fence

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,122 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 03-00-080-110-021

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Ranch
  • Price Per Square Foot: 7.13
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1122
  • Year Built: 1950
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 6
  • Basement Detail: Slab
  • Living Area Sq Ft: 1122
  • Estimated Total Living Area: 1122
  • Estimated Sq Ft: 1122

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Patio, Porch
  • Fences: Partial, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 1

Utilities

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

Schools

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

Lot Info

  • Lot Dimensions: 70x150
  • Lot Size Units: Acres
  • Acres: 0.2400
  • Parcel Number: 03-00-080-110-021

Tax Info

  • Tax: 1197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2016
Closed on
Feb 16, 2017
Sold by
Empiria Homes Inc
Bought by
Roman Ricardo
Seller's Agent
Greg DePalma
Deleted Agent
Buyer's Agent
Jodi Burgett
Russell Real Estate Services
List Price
$34,900
Sold Price
$22,000
Premium/Discount to List
-$12,900
-36.96%
Current Estimated Value
$137,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,319
Avg. Annual Appreciation
25.39%
Original Mortgage
$223,000
Outstanding Balance
$186,874
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
-$38,711

Purchase Details

Listed on
Jul 27, 2016
Closed on
Sep 26, 2016
Sold by
Us Bank Na
Bought by
Empiria Home Inc
Seller's Agent
Kenneth Myers
Deleted Agent
Buyer's Agent
Greg DePalma
Deleted Agent
List Price
$30,000
Sold Price
$8,000
Premium/Discount to List
-$22,000
-73.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2044.43%

Purchase Details

Closed on
Aug 11, 2016
Sold by
Lorain County Sheriff
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 18, 2000
Sold by
Hering Paul Allen Aka Paul A
Bought by
Hlywiak Gary L and Hlywiak Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,605
Interest Rate
8.43%
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 Type Sale Price Title Company
Warranty Deed $22,000 Miller Home Title
Limited Warranty Deed $8,000 --
Sheriffs Deed $33,600 --
Survivorship Deed $87,000 Midland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $223,000 New Conventional
Previous Owner $26,659 Future Advance Clause Open End Mortgage
Previous Owner $15,000 Credit Line Revolving
Previous Owner $86,605 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $22,000 -33.1% $20 / Sq Ft
02/04/2017 02/04/17 Pending -- -- --
01/16/2017 01/16/17 Price Changed $32,900 -5.7% $29 / Sq Ft
12/22/2016 12/22/16 For Sale $34,900 +336.3% $31 / Sq Ft
10/27/2016 10/27/16 Sold $8,000 -73.3% $7 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $30,000 -- $27 / 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 $1,574 $37,247 $13,055 $24,192
2023 $1,327 $25,116 $7,816 $17,301
2022 $1,316 $25,116 $7,816 $17,301
2021 $1,316 $25,116 $7,816 $17,301
2020 $1,219 $20,220 $6,290 $13,930
2019 $1,213 $20,220 $6,290 $13,930
2018 $1,263 $20,220 $6,290 $13,930
2017 $1,313 $20,630 $8,530 $12,100
2016 $1,269 $20,630 $8,530 $12,100
2015 $1,197 $20,630 $8,530 $12,100
2014 $1,142 $19,740 $8,160 $11,580
2013 $1,133 $19,740 $8,160 $11,580
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Greg DePalma

    Deleted Agent

  • Jodi Burgett

    Buyer's Agent in 2017

    Jodi Burgett

    Russell Real Estate Services

    (440) 315-7282

    42 in this area

    114 Total Sales

    Section Image

  • K

    Seller's Agent in 2016

    Kenneth Myers

    Deleted Agent

    Section Image
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Map

Source: MLS Now

MLS Number: 3831303

MLS Now

APN: 03-00-080-110-021

Ohio Lorain County Lorain 44055

2583 E 40th St, Lorain, OH

This home is located at 2583 E 40th St, Lorain, OH 44055 and is currently priced at $8,000, approximately $7 per square foot. This property was built in 1950. 2583 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.

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