NOT LISTED FOR SALE

2907 Oakwood Ave Lorain, OH 44055

5 Beds
4 Baths
2,240 Sq Ft
1900 Built

Sale Details

Date Sold: July 24, 2023

Last sale price $149,500 $67 Per Sq Ft

124 Days on Market

Highlights

  • City View
  • Forced Air Heating and Cooling System
  • North Facing Home

About This Home

As of July 2023

Great investment property with room to grow rents! This quadplex has been extensively improved. All new plumbing throughout, new HVAC system, steel reinforcing beams in the basement, and new duct work for supply and return off all HVAC. Basement has been resealed and tuckpointed. Each unit has a backup baseboard heat unit for emergency needs. The efficiency has new flooring, apartment 4 has new flooring, main entryway has new ceramic tile, and apartment 1 has new ceramic flooring in kitchen and bathroom. This quad has 4 units that are currently rented, 3 are month to month and 1 is on a 1 year lease. There are 2 1-bedroom units, 1 efficiency unit, and 1 2-bedroom units in this building. Unit 1 has access to the basement for laundry.

Last Agent to Sell the Property

Douglas George

Howard Hanna License #2012002401 Listed on: 02/22/2023

Howard Hanna

Last Buyer's Agent

Jessica Allgood

Keller Williams Citywide License #2018001055

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,375

Year Built

  • Built in 1900

Parking

  • Driveway

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • City Views
  • Fire and Smoke Detector
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Lot Details

  • North Facing Home
  • Chain Link Fence

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • No Laundry Facilities

Listing and Financial Details

  • The owner pays for electric, heating, sewer, trash collection, water
  • Assessor Parcel Number 03-00-094-105-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,375

Year Built

Built in 1900

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: North
  • Price Per Square Foot: 66.74
  • Estimated Price per Sq Ft: 66.74
  • Year Built Exception: Not Verifiable
  • Num Of Stories: 2.00
  • Total Sq Ft: 2240
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Partially Finished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2240.00
  • Sq Ft Approx Total Finished: 2240.00

Exterior Features

  • View: City View
  • Exterior: Vinyl
  • Fences: Chain Link
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Schools

  • School District: Lorain CSD

Lot Info

  • Additional Assessor Parcel Number 1: 03-00-094-105-047
  • Lot Size Units: Acres
  • Parcel Number: 03-00-094-105-048

Rental Info

  • Owner Pays: Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 4
  • Gross Income: 1955.00
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 75

Tax Info

  • Tax: 2375
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2023 07/24/23 Sold $149,500 -6.6% $67 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/09/2023 06/09/23 Price Changed $160,000 -5.9% $71 / Sq Ft
04/29/2023 04/29/23 For Sale $170,000 0.0% $76 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/27/2023 03/27/23 Price Changed $170,000 -10.5% $76 / Sq Ft
03/23/2023 03/23/23 Price Changed $189,900 -5.0% $85 / Sq Ft
02/22/2023 02/22/23 For Sale $199,900 -- $89 / 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 $2,425 $37,954 $4,998 $32,956
2023 $2,399 $30,520 $4,165 $26,355
2022 $2,375 $30,520 $4,165 $26,355
2021 $2,386 $30,520 $4,165 $26,355
2020 $2,451 $30,530 $4,170 $26,360
2019 $2,431 $30,530 $4,170 $26,360
2018 $2,386 $30,530 $4,170 $26,360
2017 $1,578 $18,270 $3,820 $14,450
2016 $1,558 $18,270 $3,820 $14,450
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4439532

MLS Now
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