NOT LISTED FOR SALE

2842 Elyria Ave Lorain, OH 44055

Estimated Value: $73,000 - $121,000

4 Beds
2 Baths
1,816 Sq Ft
$54/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $25,000 $14 Per Sq Ft

Est. 291% increase in value since last sale

Current estimated payment $590/month

14 Days on Market

About This Home

As of September 2023

CALLING ALL LORAIN INVESTORS! This is a value add investment property with moderate to full rehab in South Lorain! This large duplex is being offered as-is with massive income opportunity after renovation. The home is not in move in condition. Larger living areas in both units make for tons of potential!

Last Agent to Sell the Property

Gabe Mercado

The Sweda Group, LLC. License #2018004116 Listed on: 08/12/2023

Last Buyer's Agent

Anna Adams

Howard Hanna License #357185

Howard Hanna

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,816 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 03-00-098-103-027

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Sheffield Land Imp Co Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 13.77
  • Estimated Price per Sq Ft: 13.77
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1816
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: (440) 934-1000 sweda@swedagroup.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Approx Above Grade Finished: 1816.00
  • Sq Ft Approx Total Finished: 1816.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: None
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Sheffield Land Imp Co

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1100
  • Parcel Number: 03-00-098-103-027

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 2
  • Number of Units: 2

Tax Info

  • Tax: 1043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2023
Sold by
King Cheryl
Bought by
J W Mclean Real Estate Llc
Current Estimated Value
$97,792

Purchase Details

Listed on
May 29, 2020
Closed on
Jan 13, 2021
Sold by
Kimbrough Gregory and Kimbrough Margaret R
Bought by
Brinker Ben
Seller's Agent
Faith Gegen
Keller Williams Citywide
Buyer's Agent
Faith Gegen
Keller Williams Citywide
List Price
$50,000
Sold Price
$47,000
Premium/Discount to List
-$3,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.95%

Purchase Details

Listed on
May 29, 2020
Closed on
Dec 28, 2020
Sold by
Pachas Jose R and Pachas Susana Ester
Bought by
Kimbrough Gregory
Seller's Agent
Faith Gegen
Keller Williams Citywide
Buyer's Agent
Faith Gegen
Keller Williams Citywide
List Price
$50,000
Sold Price
$47,000
Premium/Discount to List
-$3,000
-6%

Purchase Details

Closed on
May 7, 2007
Sold by
Pachas Jose R and Pachas Susana E
Bought by
Lormet Community Fcu

Purchase Details

Closed on
Dec 6, 1999
Sold by
Salasovich Margaret A and Salasovich Edward
Bought by
Pachas Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,910
Interest Rate
8.02%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 1999
Sold by
Estate Of Elizabeth F Stelmack
Bought by
Salasovick Margaret Ann and Salasovick Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,910
Interest Rate
8.02%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 1999
Sold by
Estate Of Peter S Stelmack
Bought by
Estate Of Elizabeth F Stelmack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,910
Interest Rate
8.02%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J W Mclean Real Estate Llc $2,500 None Listed On Document
Brinker Ben $47,000 None Available
Kimbrough Gregory $20,000 None Available
Lormet Community Fcu $50,016 Lorain County Title Co Inc
Pachas Jose R $46,000 Lorain County Title Co Inc
Salasovick Margaret Ann -- --
Estate Of Elizabeth F Stelmack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pachas Jose R $45,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2023 09/15/23 Sold $25,000 -34.0% $14 / Sq Ft
08/26/2023 08/26/23 Pending -- -- --
08/17/2023 08/17/23 Price Changed $37,900 -24.0% $21 / Sq Ft
08/12/2023 08/12/23 For Sale $49,900 +6.2% $27 / Sq Ft
01/15/2021 01/15/21 Sold $47,000 -6.0% $18 / Sq Ft View Prior Sale
11/20/2020 11/20/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $50,000 0.0% $19 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $50,000 0.0% $19 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $50,000 -- $19 / 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 $931 $22,033 $2,016 $20,017
2023 $1,079 $20,433 $480 $19,954
2022 $1,043 $20,433 $480 $19,954
2021 $1,070 $20,433 $480 $19,954
2020 $1,062 $18,060 $420 $17,640
2019 $1,056 $18,060 $420 $17,640
2018 $845 $18,060 $420 $17,640
2017 $976 $15,730 $950 $14,780
2016 $968 $15,730 $950 $14,780
2015 $913 $15,730 $950 $14,780
2014 $844 $14,570 $880 $13,690
2013 $837 $14,570 $880 $13,690
Source: Public Records

Agents Affiliated with this Home

  • Gabe Mercado

    Seller's Agent in 2023

    Gabe Mercado

    The Sweda Group, LLC.

    (216) 785-3225

    2 in this area

    39 Total Sales

    Gabe Mercado
    Section Image

  • A

    Buyer's Agent in 2023

    Anna Adams

    Howard Hanna

    (440) 320-8031

    20 in this area

    73 Total Sales

    Anna Adams
    Section Image
  • Faith Gegen

    Seller's Agent in 2021

    Faith Gegen

    Keller Williams Citywide

    (440) 344-1459

    31 in this area

    88 Total Sales

    Faith Gegen
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Michael Konopka

    Russell Real Estate Services

    (448) 724-6545

    4 in this area

    17 Total Sales

    Michael Konopka
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4481987

MLS Now

APN: 03-00-098-103-027

Ohio Lorain County Lorain 44055

2842 Elyria Ave, Lorain, OH

Not Listed for Sale

MultiFamily

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.

Nearby Homes