NOT LISTED FOR SALE

2871 E Erie Ave Lorain, OH 44052

Estimated Value: $576,000 - $605,000

5 Beds
5 Baths
4,818 Sq Ft
$123/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $305,000 $63 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,683/month

737 Days on Market

Highlights

  • Lake View
  • Colonial Architecture
  • Deck
  • 0.56 Acre Lot
  • Community Lake
  • 1 Fireplace

About This Home

As of November 2020

Stately lakefront brick colonial with 5 large bedrooms (6th bedroom currently being used as an office) 3 full baths and 2 half baths. Updated kitchen and newer windows on first floor. Huge living room with gas fireplace and sun room leading to back deck. Family room off kitchen and dining room adds to the versatile living space. Completely finished third floor with bedroom, full bath and large open area. Extra wide stairs leading to second and third floor. Fully finished basement with family/recreation room, half bath, and separate utility room. 2 car attached garage with deck off the sun room. Steps lead down to the lake. Deep lot with magnificent view of Lake Erie. A truly one of a kind in a most desirable location.

Last Agent to Sell the Property

Rosemary Jacobs

Deleted Agent License #358240 Listed on: 09/05/2018

Last Buyer's Agent

Kyle Weigand

Berkshire Hathaway HomeServices Lucien Realty License #2007000210

Berkshire Hathaway HomeServices Lucien Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,557

Year Built

  • Built in 1900

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 85x999.57
  • South Facing Home

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Lake Views
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 03-00-048-101-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,557

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 86.89
  • Estimated Price per Sq Ft: 86.89
  • Year Built Exception: Unknown
  • Num Of Stories: 2.00
  • Total Sq Ft: 3510
  • Year Built: 1900
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Lower Level Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 14
  • Basement Detail: Finished
  • Sq Ft Approx Above Grade Finished: 3510.00
  • Sq Ft Approx Below Grade Finished: 1308.00
  • Sq Ft Approx Total Finished: 4818.00

Exterior Features

  • View: Lake Erie
  • Exterior: Brick, Vinyl
  • Exterior Features: Deck, Enclosed Patio/Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

  • Heating Fuel: Gas
  • Heating Type: Baseboard, Fireplace-Gas, Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Lake

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 85x999.57
  • Lot Size Units: Acres
  • Acres: 0.5600
  • Parcel Number: 03-00-048-101-021

Tax Info

  • Tax: 6557

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Nov 5, 2020
Sold by
Patterson Robert C
Bought by
Hwcp Limited An Oh Limiteed Liability Co
Seller's Agent
Rosemary Jacobs
Deleted Agent
Buyer's Agent
Kyle Weigand
Berkshire Hathaway HomeServices Lucien Realty
List Price
$349,000
Sold Price
$305,000
Premium/Discount to List
-$44,000
-12.61%
Current Estimated Value
$593,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,201
Avg. Annual Appreciation
14.29%
Original Mortgage
$498,000
Outstanding Balance
$443,944
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$149,257
Source: Public Records

Range of Values:

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Average Value
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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
Hwcp Limited An Oh Limiteed Liability Co $305,000 None Available
Hwcp Limited An Ohio Llc $152,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hwcp Limited An Oh Limiteed Liability Co $498,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $305,000 -11.6% $63 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
06/23/2020 06/23/20 Price Changed $345,000 -1.1% $72 / Sq Ft
01/03/2020 01/03/20 For Sale $349,000 +14.4% $72 / Sq Ft
12/31/2019 12/31/19 Off Market $305,000 -- --
08/29/2019 08/29/19 Price Changed $349,000 0.0% $72 / Sq Ft
08/29/2019 08/29/19 For Sale $349,000 -7.9% $72 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
02/28/2019 02/28/19 Price Changed $379,000 -2.6% $79 / Sq Ft
11/05/2018 11/05/18 Price Changed $389,000 -5.1% $81 / Sq Ft
09/05/2018 09/05/18 For Sale $410,000 -- $85 / 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 $6,869 $166,600 $93,051 $73,549
2023 $8,612 $167,220 $72,930 $94,290
2022 $7,625 $149,338 $72,930 $76,409
2021 $7,383 $144,631 $72,930 $71,701
2020 $6,599 $121,030 $61,030 $60,000
2019 $6,561 $121,030 $61,030 $60,000
2018 $6,564 $121,030 $61,030 $60,000
2017 $6,014 $105,740 $58,630 $47,110
2016 $5,966 $105,740 $58,630 $47,110
2015 $5,627 $105,740 $58,630 $47,110
2014 $4,982 $94,830 $52,580 $42,250
2013 $4,945 $94,830 $52,580 $42,250
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rosemary Jacobs

    Deleted Agent

  • Kyle Weigand

    Buyer's Agent in 2020

    Kyle Weigand

    Berkshire Hathaway HomeServices Lucien Realty

    (216) 403-7671

    1 in this area

    4 Total Sales

    Kyle Weigand
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Map

Source: MLS Now

MLS Number: 4034148

MLS Now

APN: 03-00-048-101-021

Ohio Lorain County Lorain 44052

2871 E Erie Ave, Lorain, OH

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