NOT LISTED FOR SALE

2724 Forest Ln Lorain, OH 44053

Lorain Area

Estimated Value: $200,000 - $246,630

4 Beds
4 Baths
2,048 Sq Ft
$110/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2020

Last sale price $118,000 $58 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,439 / mo

378 Days on Market

About This Home

As of March 2020

Fully rented, well cared for two bedroom duplex on west side of Lorain. Tenants pay all utilities. Great addition to your investment portfolio. Both units have one garage space. Large backyard. Low vacancy rates. Call today to tour this money maker!

Last Agent to Sell the Property

Marc Gagne

Century 21 Homestar License #2012002749 Listed on: 01/14/2019

Century 21 Homestar

Last Buyer's Agent

Sheila Korek

Keller Williams Citywide License #344348

Keller Williams Citywide

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 9,148

Home Design

  • Asphalt Roof
  • Stone Siding
  • Cedar

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Central Air
  • Heating System Uses Gas
  • Baseboard Heating

Additional Features

  • 2-Story Property
  • 9,148 Sq Ft Lot

Community Details

  • 2 Units
  • Allison Park Sub #1 Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-021-113-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1978
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1978

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2

Exterior Features

  • Exterior: Cedar, Stone
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Allison Park Sub #1

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2100
  • Parcel Number: 02-02-021-113-027

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 3248

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
Jan 14, 2019
Closed on
Feb 24, 2020
Sold by
Bought by
Seller's Agent
Marc Gagne
Century 21 Homestar
Buyer's Agent
Sheila Korek
Keller Williams Citywide
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%
Current Estimated Value
$224,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,408
Avg. Annual Appreciation
10.53%
Original Mortgage
$115,862
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lorain, OH

  • Kierra Lyle Real Estate Agent - Keller Williams Citywide

    Kierra Lyle

    Keller Williams Citywide

    (440) 586-3968

    27 Total Sales

    3 in Lorain

    $110K - $155K Price Range

    Kierra Lyle
     Section Image
  • Ashton Hixenbaugh Real Estate Agent - EXP Realty, LLC.

    Ashton Hixenbaugh

    EXP Realty, LLC.

    (330) 964-3459

    83 Total Sales

    2 in Lorain

    $133K - $167K Price Range

    Ashton Hixenbaugh
     Section Image
  • Molly Szafran Real Estate Agent - Russell Real Estate Services

    Molly Szafran

    Russell Real Estate Services

    (440) 581-1443

    140 Total Sales

    16 in Lorain

    $111K - $250K Price Range

    Molly Szafran
     Section Image
  • Keyano Burgess Real Estate Agent - Lokal Real Estate, LLC.

    Keyano Burgess

    Lokal Real Estate, LLC.

    (216) 999-3997

    128 Total Sales

    2 in Lorain

    $99K - $100K Price Range

    Keyano Burgess
     Section Image
  • Cindy Otonoga Real Estate Agent - Keller Williams Elevate

    Cindy Otonoga

    Keller Williams Elevate

    (440) 530-4995

    51 Total Sales

    1 in Lorain

    $183,000 Price

    Cindy Otonoga
     Section Image
  • Tera Somogyi Real Estate Agent - Keller Williams Living

    Tera Somogyi

    Keller Williams Living

    (440) 616-7530

    150 Total Sales

    3 in Lorain

    $141K - $360K Price Range

    Tera Somogyi
     Section Image
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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
$118,000 Ohio Real Title
-- --
$143,000 Lawyers Title Insurance Corp
-- --
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 $115,047
Closed $115,862
Previous Owner $143,000
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
03/02/2020 03/02/20 Sold $118,000 -5.6% $58 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
06/28/2019 06/28/19 Price Changed $125,000 -3.8% $61 / Sq Ft
01/14/2019 01/14/19 For Sale $130,000 -- $63 / 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 $2,432 $57,554 $11,291 $46,263
2023 $2,529 $47,856 $11,697 $36,159
2022 $2,507 $47,856 $11,697 $36,159
2021 $2,507 $47,856 $11,697 $36,159
2020 $2,368 $39,260 $9,600 $29,660
2019 $2,354 $39,260 $9,600 $29,660
2018 $2,355 $39,260 $9,600 $29,660
2017 $3,248 $38,370 $8,000 $30,370
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marc Gagne

    Century 21 Homestar

    (419) 685-1902

    50 Total Sales

    Marc Gagne
    Section Image
  • Sheila Korek Real Estate Agent - Keller Williams Citywide

    Buyer's Agent in 2020

    Sheila Korek

    Keller Williams Citywide

    (440) 892-2211

    80 Total Sales

    Sheila Korek
    Section Image
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Map

Source: MLS Now

MLS Number: 4063313

MLS Now

APN: 02-02-021-113-027

Ohio Lorain County Lorain 44053

2724 Forest Ln, Lorain, OH

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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