NOT LISTED FOR SALE

2842 Elyria Ave Lorain, OH 44055

Estimated Value: $93,000 - $105,000

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 $600/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

Real of Ohio License #2018004116 Listed on: 08/12/2023

Real of Ohio

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

4,792 Sq Ft Lot

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

Listed on
Aug 12, 2023
Closed on
Sep 12, 2023
Sold by
J W Mclean Real Estate Llc
Bought by
Equity Trust Co and 200239729 Ira
Seller's Agent
Gabe Mercado
Real of Ohio
Buyer's Agent
Anna Adams
Howard Hanna
List Price
$49,900
Sold Price
$25,000
Premium/Discount to List
-$24,900
-49.9%
Views
50
Current Estimated Value
$97,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,664
Avg. Annual Appreciation
71.36%

Purchase Details

Closed on
May 16, 2023
Sold by
King Cheryl
Bought by
J W Mclean Real Estate Llc

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
15.13%

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
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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

Date Buyer Sale Price Title Company
Equity Trust Co $25,000 Chicago Title
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

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

    Real of Ohio

    (216) 785-3225

    2 in this area

    43 Total Sales

    Gabe Mercado
    Section Image

  • A

    Buyer's Agent in 2023

    Anna Adams

    Howard Hanna

    (440) 320-8031

    20 in this area

    75 Total Sales

    Anna Adams
    Section Image
  • Faith Gegen

    Seller's Agent in 2021

    Faith Gegen

    Keller Williams Citywide

    (440) 344-1459

    27 in this area

    82 Total Sales

    Faith Gegen
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Michael Konopka

    Russell Real Estate Services

    (448) 724-6545

    2 in this area

    15 Total Sales

    Michael Konopka
    Section Image
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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

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