Pamela Holley
Keller Williams Elevate
(216) 666-5481
55 Total Sales
1 in Lorain
$183,000 Price
324 Root Rd Lorain, OH 44052
Lorain AreaEstimated Value: $182,089
4
Beds
2.5
Baths
3,192
Sq Ft
$57/Sq Ft
Est. Value
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
Howard Hanna Brokerage Email: chrisfoisy@howardhanna.com 440-396-4391 License #2014000365 Listed on: 09/30/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,965
Year Built
- Built in 1900
Lot Details
- 13,939 Sq Ft Lot
Parking
- 2 Car Garage
- Circular Driveway
- Gravel Driveway
Home Design
- Duplex
- 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
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
Sep 30, 2024
Closed on
Dec 3, 2024
Sold by
Bought by
Seller's Agent
Christopher Foisy
Howard Hanna
Buyer's Agent
Marcella Musat
Russell Real Estate Services
List Price
$119,900
Sold Price
$119,900
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,189
Avg. Annual Appreciation
28.62%
Original Mortgage
$113,905
Outstanding Balance
$111,978
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$70,111
Purchase Details
Closed on
Jul 24, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Pamela Holley
-
Tresa Klein
Tresa Klein
Keller Williams Elevate
(440) 379-8357
162 Total Sales
1 in Lorain
$309,500 Price
-
Adam Bellinski
Adam Bellinski
Russell Real Estate Services
(234) 278-1344
440 Total Sales
6 in Lorain
$95K - $349K Price Range
-
Charles Burmeister
Charles Burmeister
Responds QuicklyKeller Williams Chervenic Rlty
(440) 671-7483
69 Total Sales
1 in Lorain
$31,500 Price
-
John Fitch
John Fitch
Market First Real Estate Services
(440) 597-3492
169 Total Sales
43 in Lorain
$20K - $533K Price Range
-
Floria Aguilera
Floria Aguilera
Plum Tree Realty, LLC
(216) 859-1066
118 Total Sales
27 in Lorain
$16K - $197K Price Range
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 |
|---|---|---|---|
| $119,900 | Fidelity National Title | ||
| -- | None Available |
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 | $113,905 |
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 |
|---|---|---|---|---|
| 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
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 | $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
-
Christopher Foisy
Seller's Agent in 2024
Christopher Foisy
Howard Hanna
(440) 396-4391
89 Total Sales
-
Marcella Musat
Buyer's Agent in 2024
Marcella Musat
Russell Real Estate Services
(330) 635-3521
149 Total Sales
Map
Source: MLS Now (Howard Hanna)
MLS Number: 5073903
APN: 03-00-046-103-041
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.
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.
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