NOT LISTED FOR SALE

342 W 28th St Lorain, OH 44055

Estimated Value: $84,000 - $103,409

2 Beds
1 Bath
1,301 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 28, 2024

Last sale price $62,500 $48 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $593/month

243 Days on Market

Highlights

  • Cape Cod Architecture
  • Front Porch
  • 1 Car Garage
  • No HOA
  • Forced Air Heating and Cooling System
  • South Facing Home

About This Home

As of September 2024

Turnkey 2-bedroom/1 bath Cape Cod with over 1300 sq ft generating $850/mo under professional management. Features include newer roof, central AC, spacious front porch, upgraded electric panel, newer furnace, newer hot water tank, driveway and 1-car garage for plenty of off-street parking, ceiling fans, updated kitchen. Great location near shopping, schools, freeway access and more!

Last Agent to Sell the Property

Michael Ferrante

LPT Realty Brokerage Email: info@21mike.com 216-373-7727 License #2019005741 Listed on: 12/23/2023

Last Buyer's Agent

Michael Hignett

Northern Ohio Realty License #2014000042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $840

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 58x68
  • South Facing Home

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,301 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02-01-003-193-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$840

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • Attribution Contact: info@21mike.com 216-373-7727
  • Above Grade Finished Sq Ft: 1301.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half, One
  • Property Attached Yn: No
  • Tax Year: 2022
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes
  • Appliances: Dishwasher
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Direction Faces: South
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-003-193-006
  • LandLeaseYN: No
  • Lot Dimensions: 58x68
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 840.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2023
Closed on
Sep 10, 2024
Sold by
Fmd988 Llc
Bought by
Hill Scott H
Seller's Agent
Michael Ferrante
LPT Realty
Buyer's Agent
Michael Hignett
Northern Ohio Realty
List Price
$85,000
Sold Price
$62,500
Premium/Discount to List
-$22,500
-26.47%
Views
364
Current Estimated Value
$93,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,352
Avg. Annual Appreciation
37.39%
Original Mortgage
$49,500
Outstanding Balance
$48,850
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$45,002

Purchase Details

Listed on
Dec 18, 2020
Closed on
Mar 3, 2021
Sold by
Hector Assets Llc
Bought by
Fmd988 Llc
Seller's Agent
Philip Wenzel
Deleted Agent
Buyer's Agent
Jacqueline Jakacki
RE/MAX Above & Beyond
List Price
$59,000
Sold Price
$53,000
Premium/Discount to List
-$6,000
-10.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%

Purchase Details

Listed on
Dec 18, 2020
Closed on
Feb 26, 2021
Sold by
Baird Bruce E and Baird Michael E
Bought by
Hector Assets Llc
Seller's Agent
Philip Wenzel
Deleted Agent
Buyer's Agent
Jacqueline Jakacki
RE/MAX Above & Beyond
List Price
$59,000
Sold Price
$53,000
Premium/Discount to List
-$6,000
-10.17%

Purchase Details

Closed on
Mar 3, 2018
Sold by
Baird Michael E
Bought by
Baird Bruce

Purchase Details

Closed on
Mar 30, 2009
Sold by
Nationstar Mortgage Llc
Bought by
Baird Michael E

Purchase Details

Closed on
Dec 26, 2008
Sold by
Molotzak Ann
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Oct 11, 2001
Sold by
Campana David L
Bought by
Molotzak Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
9.99%
Source: Public Records
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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
Hill Scott H $62,500 None Listed On Document
Fmd988 Llc -- None Listed On Document
Hector Assets Llc -- None Listed On Document
Baird Bruce -- None Available
Baird Michael E -- Allodial Title Reo
Nationstar Mortgage Llc $40,000 None Available
Molotzak Ann $43,000 Providence Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Scott H $49,500
Previous Owner Molotzak Ann $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2024 09/28/24 Sold $62,500 -10.7% $48 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $70,000 -7.9% $54 / Sq Ft
06/20/2024 06/20/24 Price Changed $76,000 -2.6% $58 / Sq Ft
05/28/2024 05/28/24 Price Changed $78,000 -8.2% $60 / Sq Ft
12/27/2023 12/27/23 For Sale $85,000 +60.4% $65 / Sq Ft
03/04/2021 03/04/21 Sold $53,000 0.0% $41 / Sq Ft View Prior Sale
01/21/2021 01/21/21 Pending -- -- --
01/20/2021 01/20/21 Off Market $53,000 -- --
12/18/2020 12/18/20 For Sale $59,000 -- $45 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $1,226 $29,736 $2,912 $26,824
2023 $848 $16,457 $1,110 $15,348
2022 $840 $16,457 $1,110 $15,348
2021 $840 $16,457 $1,110 $15,348
2020 $855 $14,550 $980 $13,570
2019 $850 $14,550 $980 $13,570
2018 $873 $14,550 $980 $13,570
2017 $839 $13,180 $2,570 $10,610
2016 $832 $13,180 $2,570 $10,610
2015 $786 $13,180 $2,570 $10,610
2014 $762 $12,200 $2,380 $9,820
2013 $721 $12,200 $2,380 $9,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5008486

MLS Now

APN: 02-01-003-193-006