Feliz Colon
Keller Williams Living
(234) 704-3050
181 Total Sales
5 in Lorain
$150K - $399K Price Range
324 Root Rd Lorain, OH 44052
Lorain AreaEstimated Value: $182,089
4
Beds
3
Baths
3,192
Sq Ft
$57/Sq Ft
Est. Value
About This Home
**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.
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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
-
Feliz Colon
-
Edith Ross
Edith Ross
Russell Real Estate Services
(216) 677-6801
158 Total Sales
1 in Lorain
$360,000 Price
-
Pamela Holley
Pamela Holley
Keller Williams Elevate
(216) 666-5481
55 Total Sales
1 in Lorain
$183,000 Price
-
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
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 | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2024 12/04/24 | Sold | $119,900 | 0.0% | $38 / Sq Ft | View Prior Sale |
| 10/24/2024 10/24/24 | Pending | -- | -- | -- | |
| 09/30/2024 09/30/24 | For Sale | $119,900 | -- | $38 / Sq Ft |
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
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