NOT LISTED FOR SALE

3028 Cromwell Dr Lorain, OH 44052

Lorain Area

Estimated Value: $121,000 - $142,283

4 Beds
2 Baths
-- Sq Ft
6,599 Sq Ft Lot

Sale Details

Date Sold: August 23, 2024

Last sale price $117,527

Est. 12% increase in value since last sale

Current estimated payment $848 / mo

28 Days on Market

About This Home

As of August 2024

If you're looking for a prime opportunity in rental investment income, this is likely the property you're looking for. At $1205 per month with tenants paying all utilities and approximately $107 per month in property taxes ($1276 per year) this is something you really don't want to miss out on.

Last Agent to Sell the Property

Matthew Klein

Walnut Creek Realty, LLC. Brokerage Phone: 216-785-2345 License #2018000266 Listed on: 06/14/2024

Last Buyer's Agent

Michael Golab

Walnut Creek Realty, LLC. License #2019001963

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,276

Year Built

  • Built in 1955

Lot Details

  • 6,599

Parking

  • Driveway

Home Design

  • Duplex
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • 6,599 Sq Ft Lot
  • Basement

Community Details

  • Cromwell Gardens Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03-00-056-128-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,276

Year Built

Built in 1955

Lot Details

6,599 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1955
  • Attribution Contact: 216-785-2345 216-785-2345
  • Subdivision Name: Cromwell Gardens
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1515
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-056-128-003
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1276.0

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
Jun 14, 2024
Closed on
Aug 22, 2024
Sold by
Bought by
Seller's Agent
Matthew Klein
Walnut Creek Realty, LLC.
Buyer's Agent
Michael Golab
Walnut Creek Realty, LLC.
List Price
$119,900
Sold Price
$117,527
Premium/Discount to List
-$2,373
-1.98%
Views
36
Current Estimated Value
$131,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,794
Avg. Annual Appreciation
5.86%
Original Mortgage
$94,022
Outstanding Balance
$92,181
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$39,140

Purchase Details

Closed on
Feb 23, 2018
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$117,600 First American Title
$31,000 --
$55,000 Attorney
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
Open $94,022
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
08/23/2024 08/23/24 Sold $117,527 -2.0% --
07/16/2024 07/16/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $119,900 -- --
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 $1,525 $36,092 $2,979 $33,114
2023 $1,276 $24,157 $3,647 $20,510
2022 $1,266 $24,157 $3,647 $20,510
2021 $1,265 $24,157 $3,647 $20,510
2020 $1,208 $20,030 $3,020 $17,010
2019 $1,201 $20,030 $3,020 $17,010
2018 $1,202 $20,030 $3,020 $17,010
2017 $655 $19,060 $3,240 $15,820
Source: Public Records

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Map

Source: MLS Now

MLS Number: 5047090

MLS Now

APN: 03-00-056-128-003

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