Tera Somogyi
Keller Williams Living
(440) 616-7530
158 Total Sales
3 in Lorain
$141K - $360K Price Range
2627 E 40th St Lorain, OH 44055
Lorain AreaEstimated Value: $152,718
3
Beds
2
Baths
1,188
Sq Ft
$129/Sq Ft
Est. Value
Highlights
- Vaulted Ceiling
- Forced Air Heating and Cooling System
- 1-Story Property
- No HOA
- Ceiling Fan
- 3-minute walk to Homewood Park
About This Home
As of December 2024Welcome to your dream location on a quiet cul-de-sac in Lorain. This beautifully updated 3-bedroom, 2- full bathroom residence offers an open floor plan. New roof and bathroom installed. This is perfect for the new investor looking to purchase their first rental or seasoned investor ready to add to their portfolio. Also a great retirement potential for the future with all rooms accessible on one floor. As you step inside, you’re greeted by a bright and spacious living area featuring large windows that fill the space with natural light. The open-concept layout seamlessly connects the living room to the dining area and kitchen making it perfect for entertaining friends and family. The kitchen boasts built in stainless steel appliances, plenty of counter space, and ample cabinetry, ensuring a delightful cooking experience. Three well-sized bedrooms provide flexibility for guests, a home office, or playroom. Outside, the expansive and open backyard is perfect for summer barbecues and gatherings. Located in a friendly neighborhood, this home is just minutes away from local parks, shopping, and dining options. Current long term tenant on a month to month lease, pay your mortgage payment with the monthly rent. Don’t miss out on this fantastic opportunity to own an immediate investment piece of Lorain! Or as another option seller is open to owner financing. Call for more info! Schedule your private showing today!
Last Agent to Sell the Property
Fathom Realty Brokerage Email: leahmarie@thealphaomegateam.com 440-384-1231 License #2013001559 Listed on: 08/30/2024
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,399
Year Built
- Built in 2004
Lot Details
- 6,913 Sq Ft Lot
Home Design
- Slab Foundation
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Dishwasher
- Laundry on main level
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- Parking Pad
- On-Street Parking
- On-Site Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Homewood Subdivision
Listing and Financial Details
- Assessor Parcel Number 03-00-079-105-008
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2024
Closed on
Dec 19, 2024
Sold by
Maust Aaron and Maust Penny
Bought by
Seller's Agent
Leah Montgomery
Fathom Realty
Buyer's Agent
Steven Lawson
Russell Real Estate Services
List Price
$150,000
Sold Price
$142,400
Premium/Discount to List
-$7,600
-5.07%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,318
Avg. Annual Appreciation
4.10%
Original Mortgage
$137,852
Outstanding Balance
$132,243
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$20,475
Purchase Details
Listed on
Sep 24, 2021
Closed on
Nov 30, 2021
Sold by
Hamilton Randall E and Hamilton Crystal N
Bought by
Maust Aaron
Seller's Agent
Trista Hyer
Russell Real Estate Services
Buyer's Agent
Trista Hyer
Russell Real Estate Services
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.39%
Original Mortgage
$63,750
Interest Rate
2.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2004
Sold by
Doud David J and Doud Lisa
Bought by
Hamilton Randall E and Hamilton Crystal N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
5.77%
Mortgage Type
Construction
Purchase Details
Closed on
May 14, 2003
Sold by
Gresco Dale R and Gresco Kristen M
Bought by
Doud David J and Doud Lisa
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Tera Somogyi
-
Ryan King
Ryan King
King Realty
(440) 581-1296
62 Total Sales
2 in Lorain
$75K - $154K Price Range
-
Chris Higgins
Chris Higgins
Responds QuicklyKeller Williams Citywide
(440) 597-3464
141 Total Sales
8 in Lorain
$140K - $640K Price Range
-
Cody Webb
Cody Webb
Russell Real Estate Services
(567) 743-7890
116 Total Sales
3 in Lorain
$113K - $169K Price Range
-
Angela Foster
Angela Foster
Classic Realty Group, Inc.
(216) 350-2776
120 Total Sales
4 in Lorain
$115K - $255K Price Range
-
Noureddine Chehade
Noureddine Chehade
EXP Realty, LLC.
(216) 284-3732
406 Total Sales
12 in Lorain
$95K - $640K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $142,400 | Infinity Title | ||
| Maust Aaron | $75,000 | Newman | |
| Hamilton Randall E | $17,000 | Guardian Title | |
| Doud David J | $11,800 | Truetitle Agency Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $137,852 | ||
| Previous Owner | Maust Aaron | $63,750 | |
| Previous Owner | Hamilton Randall E | $86,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $142,400 | +5.5% | $120 / Sq Ft | |
| 10/07/2024 10/07/24 | Pending | -- | -- | -- | |
| 10/01/2024 10/01/24 | Price Changed | $135,000 | -10.0% | $114 / Sq Ft | |
| 08/30/2024 08/30/24 | For Sale | $150,000 | +100.0% | $126 / Sq Ft | |
| 12/02/2021 12/02/21 | Sold | $75,000 | -11.8% | $63 / Sq Ft | View Prior Sale |
| 10/07/2021 10/07/21 | Pending | -- | -- | -- | |
| 09/24/2021 09/24/21 | For Sale | $85,000 | -- | $72 / Sq Ft |
Source: MLS Now
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,559 | $37,800 | $4,620 | $33,180 |
| 2023 | $1,399 | $27,171 | $5,478 | $21,693 |
| 2022 | $1,387 | $27,171 | $5,478 | $21,693 |
| 2021 | $1,423 | $27,171 | $5,478 | $21,693 |
| 2020 | $1,319 | $21,880 | $4,410 | $17,470 |
| 2019 | $1,848 | $30,810 | $4,410 | $26,400 |
| 2018 | $1,638 | $30,810 | $4,410 | $26,400 |
| 2017 | $1,474 | $23,770 | $6,030 | $17,740 |
| 2016 | $1,462 | $23,770 | $6,030 | $17,740 |
| 2015 | $1,379 | $23,770 | $6,030 | $17,740 |
| 2014 | $1,317 | $22,760 | $5,780 | $16,980 |
| 2013 | $1,307 | $22,760 | $5,780 | $16,980 |
Source: Public Records
Agents Affiliated with this Home
-
Leah Montgomery
Seller's Agent in 2024
Leah Montgomery
Fathom Realty
(440) 384-1231
79 Total Sales
-
Steven Lawson
Buyer's Agent in 2024
Steven Lawson
Russell Real Estate Services
(440) 320-9888
595 Total Sales
-
Trista Hyer
Seller's Agent in 2021
Trista Hyer
Russell Real Estate Services
(440) 452-9117
84 Total Sales
Map
Source: MLS Now
MLS Number: 5065659
APN: 03-00-079-105-008
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.
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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