Seller's Agent in 2023
Gabe Mercado
Real of Ohio
(216) 785-3225
48 Total Sales
2842 Elyria Ave Lorain, OH 44055
Estimated Value: $98,000 - $116,000
4
Beds
2
Baths
1,816
Sq Ft
$58/Sq Ft
Est. Value
About This Home
As of September 2023CALLING 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!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
Parking
- 2 Car Garage
- Driveway
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
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 12, 2023
Closed on
Sep 12, 2023
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,490
Avg. Annual Appreciation
68.48%
Purchase Details
Closed on
May 16, 2023
Sold by
Bought by
Purchase Details
Listed on
May 29, 2020
Closed on
Jan 13, 2021
Sold by
Bought by
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
16.05%
Purchase Details
Listed on
May 29, 2020
Closed on
Dec 28, 2020
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Dec 6, 1999
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
$45,910
Interest Rate
8.02%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 30, 1999
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
$45,910
Interest Rate
8.02%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 18, 1999
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
$45,910
Interest Rate
8.02%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $25,000 | Chicago Title | ||
| $2,500 | None Listed On Document | ||
| $47,000 | None Available | ||
| $20,000 | None Available | ||
| $50,016 | Lorain County Title Co Inc | ||
| $46,000 | Lorain County Title Co 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 |
|---|---|---|---|
| Previous Owner | $45,910 |
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 | 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
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 | $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
-
Anna Adams
A
Buyer's Agent in 2023
Anna Adams
Howard Hanna
(440) 320-8031
73 Total Sales
-
Faith Gegen
Seller's Agent in 2021
Faith Gegen
Keller Williams Citywide
(440) 344-1459
76 Total Sales
-
Michael Konopka
M
Buyer Co-Listing Agent in 2021
Michael Konopka
Russell Real Estate Services
(448) 724-6545
14 Total Sales
Map
Source: MLS Now
MLS Number: 4481987
APN: 03-00-098-103-027
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