NOT LISTED FOR SALE

324 Root Rd Lorain, OH 44052

4 Beds
2.5 Baths
3,192 Sq Ft
13,939 Sq Ft

Last Sold December 04, 2024

Last sale price $119,900 $38 Per Sq Ft

24 Days on Market

Highlights

  • Circular Driveway
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of December 2024

**Charming Duplex Minutes from Lake Erie!** Discover the perfect investment opportunity with this spacious duplex, featuring two large units, each offering 3 bedrooms. The property boasts a new roof installed in 2023, ensuring peace of mind for years to come. **Unit Features:**
- **Unit A**: A cozy 3-bedroom, 1-bathroom layout, ideal for families or professionals. Recently updated with new carpet and fresh paint, this unit is ready for you to move in or rent out.
- **Unit B**: This inviting 3-bedroom, 1.5-bathroom unit is currently rented, providing immediate cash flow. Both units offer ample living space and natural light. **Property Highlights:**
- Large yard perfect for outdoor gatherings and activities.
- Detached garage for convenient parking and additional storage.
- Full basement offering potential for extra living space or storage.
- Located just minutes from the beautiful shores of Lake Erie, perfect for beach days and outdoor adventures. This duplex not only presents a great living opportunity but also serves as an excellent investment with one unit currently generating rental income. Whether you’re looking to occupy one side and rent the other or simply expand your investment portfolio, this property is a must-see! Don’t miss out on this rare opportunity! Schedule a showing today and explore the possibilities this duplex has to offer.

Last Agent to Sell the Property

Christopher Foisy

Howard Hanna Brokerage Email: chrisfoisy@howardhanna.com 440-396-4391 License #2014000365 Listed on: 09/30/2024

Howard Hanna

Last Buyer's Agent

Marcella Musat

Russell Real Estate Services License #2016005733

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,965

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot

Parking

  • 2 Car Garage
  • Circular Driveway
  • Gravel Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • Sheffield Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03-00-046-103-041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,965

Year Built

Built in 1900

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Attribution Contact: chrisfoisy@howardhanna.com 440-396-4391
  • Subdivision Name: Sheffield
  • Above Grade Finished Sq Ft: 3192.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Reso Property Condition: Unknown
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.32
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Unknown

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Gravel

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: 03-00-046-103-041
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1965.0
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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
12/04/2024 12/04/24 Sold $119,900 0.0% $38 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $119,900 -- $38 / Sq Ft
Source: MLS Now (Howard Hanna)

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 $2,561 $60,603 $10,490 $50,113
2023 $1,965 $37,195 $9,142 $28,053
2022 $1,948 $37,195 $9,142 $28,053
2021 $1,948 $37,195 $9,142 $28,053
2020 $1,812 $30,050 $7,390 $22,660
2019 $1,802 $30,050 $7,390 $22,660
2018 $1,803 $30,050 $7,390 $22,660
2017 $1,739 $27,330 $6,120 $21,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5073903

MLS Now (Howard Hanna)
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