Gabe Mercado
Real of Ohio
(216) 859-1490
49 Total Sales
2 in Lorain
$25K - $150K Price Range
328 Day Dr Lorain, OH 44052
Lorain AreaEstimated Value: $112,772
3
Beds
1
Bath
981
Sq Ft
$115/Sq Ft
Est. Value
Highlights
- No HOA
- Patio
- Heating System Uses Gas
- Porch
- 1 Car Garage
- 1-Story Property
About This Home
As of November 2024**Investment Opportunity in Lorain, Ohio** Unlock the potential of this charming three-bedroom ranch home located in the heart of Lorain. Currently occupied by a long-term month-to-month tenant paying $900 per month, this property offers immediate cash flow with room for growth. **Key Features:** - **Current Income:** $900/month from a long-term month-to-month tenant. - **Market Potential:** Rents for similar three-bedroom homes are averaging between $1,100 and $1,300, particularly in the Section 8 market. This is a fantastic chance to acquire a property with instant cash flow at an attractive price point. Whether you're a seasoned investor or new to real estate, this opportunity is not to be missed! **Act Now!** Contact us today to learn more and schedule a viewing. Your next investment awaits!
Last Agent to Sell the Property
Keller Williams Citywide Brokerage Email: Info@EZSalesTeam.com 216-916-7778 License #2004000516 Listed on: 10/03/2024
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,335
Year Built
- Built in 1949
Lot Details
- 6,970 Sq Ft Lot
Parking
- 1 Car Garage
Home Design
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 981 Sq Ft Home
- 1-Story Property
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Patio
- Porch
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 03-00-046-105-021
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
Oct 3, 2024
Closed on
Nov 1, 2024
Sold by
Buschor Sfr Holdings Llc
Bought by
Seller's Agent
Greg Erlanger
Keller Williams Citywide
Buyer's Agent
Shanna McGuckin
North Bay Realty, LLC.
List Price
$100,000
Sold Price
$99,500
Premium/Discount to List
-$500
-0.5%
Views
24
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
$13,272
Avg. Annual Appreciation
6.81%
Original Mortgage
$79,600
Outstanding Balance
$73,472
Interest Rate
5.15%
Mortgage Type
New Conventional
Estimated Equity
$39,300
Purchase Details
Closed on
Dec 11, 2018
Sold by
Archon Capital Lp
Bought by
Buschor Sfr Holdings Llc
Purchase Details
Closed on
May 17, 2002
Sold by
Fischer John H and Wiechert Gregory P
Bought by
The J & G Properties Ltd
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Gabe Mercado
-
Quinn Johnston
Quinn Johnston
LoFaso Real Estate Services
(234) 278-1409
134 Total Sales
1 in Lorain
$193,000 Price
-
Sheila Zullo
Sheila Zullo
HomeSmart Real Estate Momentum LLC
(440) 635-3524
91 Total Sales
1 in Lorain
$28,500 Price
-
Cielo McClain
Cielo McClain
Keller Williams Citywide
(440) 581-1404
34 Total Sales
3 in Lorain
$35K - $220K Price Range
-
Kimberly Ule
Kimberly Ule
Serenity Realty
(234) 290-1326
130 Total Sales
1 in Lorain
$50,000 Price
-
Linda Armstrong
Linda Armstrong
RE/MAX Quality Realty
(419) 871-5966
281 Total Sales
1 in Lorain
$185,000 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 |
|---|---|---|---|
| $99,500 | None Listed On Document | ||
| Buschor Sfr Holdings Llc | -- | None Available | |
| The J & G Properties Ltd | -- | -- |
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 | $79,600 | ||
| Previous Owner | The J&G Properties Llc | $67,800 |
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 |
|---|---|---|---|---|
| 11/04/2024 11/04/24 | Sold | $99,500 | -0.5% | $101 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | For Sale | $100,000 | 0.0% | $102 / Sq Ft |
| 06/18/2020 06/18/20 | Rented | $800 | 0.0% | -- |
| 06/14/2020 06/14/20 | Under Contract | -- | -- | -- |
| 06/10/2020 06/10/20 | For Rent | $800 | -- | -- |
Source: MLS Now
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 | $1,273 | $30,118 | $7,641 | $22,477 |
| 2023 | $1,135 | $21,480 | $6,661 | $14,819 |
| 2022 | $1,125 | $21,480 | $6,661 | $14,819 |
| 2021 | $1,125 | $21,480 | $6,660 | $14,820 |
| 2020 | $1,046 | $17,350 | $5,380 | $11,970 |
| 2019 | $1,040 | $17,350 | $5,380 | $11,970 |
| 2018 | $1,025 | $17,350 | $5,380 | $11,970 |
| 2017 | $1,009 | $15,850 | $4,250 | $11,600 |
| 2016 | $1,001 | $15,850 | $4,250 | $11,600 |
| 2015 | $945 | $15,850 | $4,250 | $11,600 |
| 2014 | $943 | $15,850 | $4,250 | $11,600 |
| 2013 | $936 | $15,850 | $4,250 | $11,600 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Erlanger
Seller's Agent in 2024
Greg Erlanger
Keller Williams Citywide
(216) 570-3270
3,388 Total Sales
-
Shanna McGuckin
Buyer's Agent in 2024
Shanna McGuckin
North Bay Realty, LLC.
(419) 706-2356
204 Total Sales
-
Mathew Chase
Seller's Agent in 2020
Mathew Chase
Keller Williams Greater Metropolitan
(440) 452-2000
804 Total Sales
-
Christopher Chase
Seller Co-Listing Agent in 2020
Christopher Chase
Keller Williams Greater Metropolitan
(440) 554-6631
119 Total Sales
-
AS
Buyer Co-Listing Agent in 2020
Andrew Szpak
Deleted Agent
Map
Source: MLS Now
MLS Number: 5072563
APN: 03-00-046-105-021
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.
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.
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