NOT LISTED FOR SALE

318 Delaware Ave Lorain, OH 44052

Estimated Value: $91,000 - $140,551

4 Beds
1 Bath
1,497 Sq Ft
$78/Sq Ft Est. Value

Last Sold December 05, 2024

Last sale price $80,000 $53 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $744/month

43 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Detached Garage
  • Heating System Uses Gas
  • No HOA
  • Front Porch

About This Home

As of December 2024

IT'S ALL ABOUT LOCATION!! Walking distance to downtown had the Black River amenities! This area is up & coming - take advantage TODAY! Fantastic investment opportunity as a rental today and in the future, as the neighborhood and Lorain continue to experience revitalization efforts. Lake view home in a desirable location!!! Walk to the beach & the river!!! Also, very close to downtown Lorain!! Sit on your front porch and look at the lake in a peaceful, quiet neighborhood. Close to stores and all amenities within walking distance. This house is perfect for a family or an investor who wants an Airbnb or a long-term rental. Classic colonial with loads of potential. This property is ideal for homeowners in need of extra bedrooms or as a lucrative investment opportunity. The home's main floor boasts a spacious living room, a kitchen with ample eat-in space, and a unique first-floor bedroom. Newer laminate flooring throughout, original hardwood stairs, and new waterproof flooring in both the kitchen and bathroom. The second floor consists of three additional bedrooms and a large full bath. Don't miss the finished attic which can serve as a 5th bedroom, a workspace, or clean and convenient storage. The generous-sized backyard is securely fenced and ready to become your peaceful sanctuary or relax on the inviting front porch. This property offers limitless potential for both homeowners and investors. Schedule your showing today to discover all that it has to offer.

Last Agent to Sell the Property

Beth Wallace

RE/MAX Real Estate Group Brokerage Email: BethWallace@realtyxo.com 440-782-6566 License #2008000644 Listed on: 10/02/2024

RE/MAX Real Estate Group

Last Buyer's Agent

Tammy Martin

Keller Williams Elevate License #2014001542

Keller Williams Elevate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,073

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x147
  • Chain Link Fence

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,497 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Front Porch

Utilities

  • No Cooling
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Fishers Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-01-002-109-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,073

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • Attribution Contact: BethWallace@realtyxo.com 440-782-6566
  • Subdivision Name: Fishers
  • Above Grade Finished Sq Ft: 1497.0
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Chain Link
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Driveway, Detached, Garage

Utilities

  • LaundryFeatures: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-002-109-017
  • LandLeaseYN: No
  • Lot Dimensions: 45x147
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1073.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Dec 3, 2024
Sold by
Care Shelter Llc
Bought by
Next Step Marketing And Renovations Llc
Seller's Agent
Beth Wallace
RE/MAX Real Estate Group
Buyer's Agent
Tammy Martin
Keller Williams Elevate
List Price
$109,000
Sold Price
$80,000
Premium/Discount to List
-$29,000
-26.61%
Views
66
Current Estimated Value
$116,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,638
Avg. Annual Appreciation
40.45%
Original Mortgage
$22,000
Interest Rate
6.54%

Purchase Details

Closed on
Sep 30, 2024
Sold by
Record Holdings Llc
Bought by
Care Shelter Llc

Purchase Details

Closed on
Aug 14, 2020
Sold by
Harel Ran and R & M A Team Llc
Bought by
Record L Holdings Llc

Purchase Details

Closed on
Jul 26, 2018
Sold by
R&M Lorain Oh Investors Llc
Bought by
R&M A Team Llc

Purchase Details

Listed on
Dec 10, 2014
Closed on
Feb 26, 2015
Sold by
Barney Lorain Properties Llc
Bought by
Akin Deborah J
Seller's Agent
Nikki Harsa
Russell Real Estate Services
Buyer's Agent
Nikki Harsa
Russell Real Estate Services
List Price
$18,000
Sold Price
$18,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.72%

Purchase Details

Listed on
Dec 10, 2014
Closed on
Feb 13, 2015
Sold by
Expurgo Company Ltd
Bought by
Barney Lorain Properties Llc
Seller's Agent
Nikki Harsa
Russell Real Estate Services
Buyer's Agent
Nikki Harsa
Russell Real Estate Services
List Price
$18,000
Sold Price
$18,000

Purchase Details

Closed on
May 13, 2010
Sold by
Expurgo Company Ltd
Bought by
Barney Lorain Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 26, 2007
Sold by
Hud
Bought by
Expurgo Co Ltd

Purchase Details

Closed on
Dec 13, 2006
Sold by
Oneal Maria I
Bought by
Gmac Mortgage Corp

Purchase Details

Closed on
Jan 16, 2006
Sold by
Gmac Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Sep 22, 2000
Sold by
Andres Palos and Andres Kathleen M
Bought by
Oneal Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,867
Interest Rate
7.99%
Mortgage Type
FHA
Source: Public Records
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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
Next Step Marketing And Renovations Llc $80,000 None Listed On Document
Next Step Marketing And Renovations Llc $80,000 None Listed On Document
Care Shelter Llc -- Titleco Title Agency
Record L Holdings Llc -- None Available
R&M A Team Llc $33,000 None Available
Akin Deborah J $18,000 None Available
Barney Lorain Properties Llc $32,800 Multiple
Barney Lorain Properties Llc $32,725 Chicago Title Insurance Co
Expurgo Co Ltd $25,000 Lakeside Title & Escrow Agen
Gmac Mortgage Corp $98,040 Attorney
Hud -- Attorney
Oneal Maria I $85,600 Lorain County Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Next Step Marketing And Renovations Llc $22,000
Open Next Step Marketing And Renovations Llc $80,000
Closed Next Step Marketing And Renovations Llc $80,000
Previous Owner Barney Lorain Properties Llc $31,000
Previous Owner Oneal Maria I $84,867
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2024 12/05/24 Sold $80,000 -23.8% $53 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/28/2024 10/28/24 Price Changed $105,000 -3.7% $70 / Sq Ft
10/02/2024 10/02/24 For Sale $109,000 +127.1% $73 / Sq Ft
11/20/2020 11/20/20 Sold $48,000 0.0% $32 / Sq Ft View Prior Sale
08/10/2020 08/10/20 Off Market $48,000 -- --
07/27/2020 07/27/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $45,000 +150.0% $30 / Sq Ft
02/27/2015 02/27/15 Sold $18,000 0.0% $7 / Sq Ft View Prior Sale
01/07/2015 01/07/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $18,000 -- $7 / 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 $1,610 $39,050 $4,725 $34,325
2023 $1,073 $20,825 $4,680 $16,146
2022 $1,063 $20,825 $4,680 $16,146
2021 $1,063 $20,825 $4,680 $16,146
2020 $1,014 $16,820 $3,780 $13,040
2019 $1,009 $16,820 $3,780 $13,040
2018 $1,505 $16,820 $3,780 $13,040
2017 $1,492 $15,450 $3,150 $12,300
2016 $975 $15,450 $3,150 $12,300
2015 $921 $15,450 $3,150 $12,300
2014 $875 $14,700 $3,150 $11,550
2013 $868 $14,700 $3,150 $11,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5075328

MLS Now

APN: 02-01-002-109-017