NOT LISTED FOR SALE

2838 Cromwell Dr Lorain, OH 44052

Lorain Area

Estimated Value: $134,000 - $165,845

4 Beds
2 Baths
1,636 Sq Ft
$90/Sq Ft Est. Value

Sale Details

Date Sold: September 25, 2024

Last sale price $142,000 $87 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $927 / mo

2 Days on Market

About This Home

As of September 2024

Calling all investors! Discover this turn-key side-by-side duplex located in Lorain near restaurants and shopping. Each unit offers around 900 square feet of updated space. Both units are 2 bedroom, 1 bathroom and offer great updates like low maintenance laminate flooring in the living areas and neutral paint throughout. The main level features a bright living room, dining area, kitchen, and an in-unit laundry space for added convenience. Upstairs, there are two spacious bedrooms and a full bathroom, providing a comfortable retreat for residents. Each unit comes with off-street parking, adding to the property’s appeal. With local rental rates around $800 per unit, this duplex offers strong potential for consistent rental income. Come see today!

Last Agent to Sell the Property

Brian Salem

EXP Realty, LLC. Brokerage Email: brian@thesalemteam.com 216-244-2549 License #2002000786 Listed on: 08/09/2024

EXP Realty, LLC.

Last Buyer's Agent

Michele Frederick

Coldwell Banker Schmidt Realty License #436731

Coldwell Banker Schmidt Realty
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,103

Year Built

  • Built in 1955

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Duplex
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,636 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Cromwell Gardens Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 03-00-056-127-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,103

Year Built

Built in 1955

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1955
  • Attribution Contact: brian@thesalemteam.com 216-244-2549
  • Subdivision Name: Cromwell Gardens
  • Above Grade Finished Sq Ft: 1636.0
  • Reso Accessibility Features: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Off Street

Utilities

  • LaundryFeatures: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-056-127-012
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • Tax Annual Amount: 1103.0

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 9, 2024
Closed on
Sep 18, 2024
Sold by
Bought by
Seller's Agent
Brian Salem
EXP Realty, LLC.
Buyer's Agent
Michele Frederick
Coldwell Banker Schmidt Realty
List Price
$140,000
Sold Price
$142,000
Premium/Discount to List
$2,000
1.43%
Views
12
Current Estimated Value
$147,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,961
Avg. Annual Appreciation
2.25%
Original Mortgage
$113,600
Outstanding Balance
$111,318
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$36,643

Purchase Details

Closed on
Feb 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 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
$72,000
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac
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

See All Agents

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
$142,000 Miller Home Title
$15,900 Lawyers Title Co
$72,000 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 $113,600
Previous Owner $72,000
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
09/25/2024 09/25/24 Sold $142,000 +1.4% $87 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $140,000 -- $86 / 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 $1,700 $40,236 $2,979 $37,258
2023 $1,103 $20,874 $3,647 $17,227
2022 $1,094 $20,874 $3,647 $17,227
2021 $1,094 $20,874 $3,647 $17,227
2020 $1,043 $17,300 $3,020 $14,280
2019 $1,037 $17,300 $3,020 $14,280
2018 $1,038 $17,300 $3,020 $14,280
2017 $1,245 $19,560 $3,240 $16,320
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5060788

MLS Now

APN: 03-00-056-127-012

Your Personal Tour Guide

Ask me questions while you tour the home.