NOT LISTED FOR SALE

3229 Elyria Ave Lorain, OH 44055

Estimated Value: $70,000 - $97,783

3 Beds
2 Baths
1,267 Sq Ft
$65/Sq Ft Est. Value

Last Sold January 24, 2024

Last sale price $74,000 $58 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $506/month

24 Days on Market

About This Home

As of January 2024

Wonderful Duplex addition to any rental portfolio! The upstairs unit has 2 bedrooms and 1 bathroom that is tenant occupied paying $400.00 on a month-to-month lease. The downstairs unit has 1 bedroom and 1 full bath. Current rent is believed to be under market value. The one bedroom unit is currently vacant and estimated market value for rent is roughly $700-$800. Access to the basement only through downstairs unit and has laundry hookups. All utilities are separated including electric, gas, and even water as the property has 2 separate meters! Recent updates within the last five years include fresh paint, newer carpets, newer flooring. The property has newer electrical throughout and copper drains. The circuit breakers in both units were replaced within the last 10 years. The seller prefers to sell this property (Parcel ID #(0300098124026) (MLS # 4503849) AND his 4-Plex next to it as a PACKAGE deal, (Parcel ID #(0300098124002)(MLS #4503847). Owner is offering a 10% discount to buy both properties together. Total price on both properties would be $220,410. Reach out today to learn more! Don't miss the value this huge multi-family can bring to your rental portfolio!

Last Agent to Sell the Property

Anthony Rego

Keller Williams Elevate Brokerage Email: anthonyrego@kw.com (440) 897-1364 License #2020004825 Listed on: 11/19/2023

Keller Williams Elevate

Co-Listed By

Mara Kaulins

Keller Williams Elevate Brokerage Email: anthonyrego@kw.com (440) 897-1364 License #2013003199

Last Buyer's Agent

Jason Parsons

Howard Hanna License #2018003612

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $568

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Unpaved Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,267 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Units
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, heat, sewer, trash collection, water
  • Assessor Parcel Number 03-00-098-124-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$568

Year Built

Built in 1920

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1920
  • Attribution Contact: anthonyrego@kw.com (440) 897-1364
  • Co List Office Phone: 440-572-1200
  • Above Grade Finished Sq Ft: 1267.0
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.17
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unpaved

Utilities

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

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-098-124-026
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Heat, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 568.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2023
Closed on
Jan 19, 2024
Sold by
Burgdorf William E and Burgdorf Justine L
Bought by
Galvez Ricardo and Galvez Anthony
Seller's Agent
Anthony Rego
Keller Williams Elevate
Buyer's Agent
Jason Parsons
Howard Hanna
List Price
$79,900
Sold Price
$74,000
Premium/Discount to List
-$5,900
-7.38%
Views
34
Current Estimated Value
$82,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,946
Avg. Annual Appreciation
5.70%
Original Mortgage
$59,200
Outstanding Balance
$58,164
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$24,782
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Galvez Ricardo $74,000 Ohio Real Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galvez Ricardo $59,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2024 01/24/24 Sold $74,000 -7.4% $58 / Sq Ft
12/14/2023 12/14/23 For Sale $79,900 0.0% $63 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $79,900 0.0% $63 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
11/19/2023 11/19/23 For Sale $79,900 -- $63 / 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 $965 $22,827 $2,800 $20,027
2023 $573 $10,847 $1,330 $9,517
2022 $568 $10,847 $1,330 $9,517
2021 $568 $10,847 $1,330 $9,517
2020 $578 $9,590 $1,180 $8,410
2019 $575 $9,590 $1,180 $8,410
2018 $508 $9,590 $1,180 $8,410
2017 $440 $6,910 $1,320 $5,590
2016 $436 $6,910 $1,320 $5,590
2015 $412 $6,910 $1,320 $5,590
2014 $401 $6,410 $1,230 $5,180
2013 $379 $6,410 $1,230 $5,180
Source: Public Records

Agents Affiliated with this Home

  • Anthony Rego

    Seller's Agent in 2024

    Anthony Rego

    Keller Williams Elevate

    (440) 897-1364

    14 in this area

    30 Total Sales

    Anthony Rego
    Section Image
  • Mara Kaulins

    Seller Co-Listing Agent in 2024

    Mara Kaulins

    Keller Williams Elevate

    (440) 590-5656

    7 in this area

    192 Total Sales

    Mara Kaulins
    Section Image
  • Jason Parsons

    Buyer's Agent in 2024

    Jason Parsons

    Howard Hanna

    (330) 242-5313

    3 in this area

    257 Total Sales

    Jason Parsons
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4503849

MLS Now

APN: 03-00-098-124-026

Ohio Lorain County Lorain 44055

3229 Elyria Ave, Lorain, OH

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.