NOT LISTED FOR SALE

2807 Forest Ln Lorain, OH 44053

Lorain Area

Estimated Value: $229,000 - $241,000

5 Beds
3 Baths
2,941 Sq Ft
$80/Sq Ft Est. Value

Sale Details

Date Sold: October 28, 2021

Last sale price $176,000 $60 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,592 / mo

34 Days on Market

Highlights

  • View of Trees or Woods
  • West Facing Home
  • Heating System Uses Gas
  • Central Air
  • Partially Fenced Property

About This Home

As of October 2021

Great investment opportunity! Tenants pay heating & electric. Owner pays water / sewer / trash.

Last Agent to Sell the Property

Lorenzo Gentile

Gentile Real Estate LLC License #2015003204 Listed on: 05/26/2021

Last Buyer's Agent

Dina Hernandez

RE/MAX Transitions License #2014001506

RE/MAX Transitions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,601

Year Built

  • Built in 1974

Lot Details

  • 11,761 Sq Ft Lot
  • West Facing Home
  • Partially Fenced Property
  • Privacy Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,941 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Garage
  • Driveway

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Allison Park Community

Listing and Financial Details

  • Assessor Parcel Number 02-02-021-120-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,601

Year Built

Built in 1974

Lot Details

0.27 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • House Faces: West
  • Price Per Square Foot: 59.84
  • Estimated Price per Sq Ft: 59.84
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2941
  • Year Built: 1974
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1974

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Slab
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 2941.00
  • Sq Ft Approx Total Finished: 2941.00

Exterior Features

  • View: Wooded
  • Exterior: Brick, Stucco, Wood
  • Fences: Partial, Privacy
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Electric
  • Garage Num Of Cars: 3

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Central Air
  • Heating Fuel: Electric, Gas
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Allison Park

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2700
  • Parcel Number: 02-02-021-120-019

Multi Family

  • Unit Count: 3
  • Gross Income: 24540.00
  • Num Of Buildings: 1
  • Number of Units: 3

Tax Info

  • Tax: 3601

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
May 26, 2021
Closed on
Oct 26, 2021
Sold by
Bought by
Seller's Agent
Lorenzo Gentile
Gentile Real Estate LLC
Buyer's Agent
Dina Hernandez
RE/MAX Transitions
List Price
$189,900
Sold Price
$176,000
Premium/Discount to List
-$13,900
-7.32%
Current Estimated Value
$234,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,463
Avg. Annual Appreciation
6.21%
Original Mortgage
$132,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 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
$189,033
Interest Rate
0.0571%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 2002
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
$103,125
Interest Rate
0.07%

Purchase Details

Closed on
Oct 21, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$176,000 Pearl Law Offices Llc
-- None Available
$192,000 Tower City Title Agency Llc
$137,500 Midland Title
$121,000 --
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
Previous Owner $132,000
Previous Owner $189,033
Previous Owner $103,125
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
10/28/2021 10/28/21 Sold $176,000 0.0% $60 / Sq Ft
07/07/2021 07/07/21 Off Market $176,000 -- --
06/29/2021 06/29/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $189,900 -- $65 / 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 $3,665 $87,437 $13,307 $74,130
2023 $3,846 $73,399 $13,787 $59,612
2022 $3,813 $73,399 $13,787 $59,612
2021 $3,812 $73,399 $13,787 $59,612
2020 $3,601 $60,210 $11,310 $48,900
2019 $3,580 $60,210 $11,310 $48,900
2018 $3,582 $60,210 $11,310 $48,900
2017 $3,631 $57,550 $9,430 $48,120
Source: Public Records

Agents Affiliated with this Home

  • Lorenzo Gentile

    Seller's Agent in 2021

    Lorenzo Gentile

    Gentile Real Estate LLC

    (440) 221-7757

    61 Total Sales

    Lorenzo Gentile
    Section Image
  • Dina Hernandez

    Buyer's Agent in 2021

    Dina Hernandez

    RE/MAX Transitions

    (440) 986-1202

    167 Total Sales

    Dina Hernandez
    Section Image
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Map

Source: MLS Now

MLS Number: 4283150

MLS Now

APN: 02-02-021-120-019

Ohio Lorain County Lorain 44053

2807 Forest Ln, Lorain, OH

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