NOT LISTED FOR SALE

345 5th St Elyria, OH 44035

5 Beds
3 Baths
2,894 Sq Ft
0.25 Acres

Last Sold May 30, 2024

Last sale price $100,000 $35 Per Sq Ft

25 Days on Market

About This Home

As of May 2024

Nestled amidst the quaint streets of Elyria's historical district, this magnificent 2894-square-foot multi-family house stands as a beacon of charm and opportunity. Built-in 1925, this three-unit dwelling boasts a rare blend of historical allure and modern amenities, offering five bedrooms and three bathrooms across its expansive layout. With each unit thoughtfully designed for comfort and functionality, this property presents an ideal investment opportunity for those seeking to capitalize on the allure of historical real estate. Recent upgrades, including a new electric panel and a newer furnace, ensure both efficiency and peace of mind for residents. Outside, a sprawling .25-acre lot provides ample space for recreation and relaxation, complemented by a large parking area—a coveted feature within such a cherished locale. Whether you're drawn to its historical significance, its potential for rental income, or its convenient location, this distinguished property promises a truly exceptional living experience in the heart of Elyria's storied past.

Last Agent to Sell the Property

Chassity Miller

EXP Realty, LLC. Brokerage Email: chassity@octopodallc.com 330-604-2363 License #2017005555 Listed on: 03/29/2024

EXP Realty, LLC.

Last Buyer's Agent

Non-Member Non-Member

Non-Member License #9999

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot

Parking

  • Paved Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,894 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Community Details

  • Homan Elys Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 06-26-045-000-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1920
  • Attribution Contact: chassity@octopodallc.com 330-604-2363
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Homan Elys
  • Above Grade Finished Sq Ft: 2894.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.25
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • LaundryFeatures: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-26-045-000-006
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 2568.0
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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 Prior Sale
05/30/2024 05/30/24 Sold $100,000 -16.6% $35 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $119,900 +33.2% $41 / Sq Ft
08/19/2022 08/19/22 Sold $90,000 -18.2% $22 / Sq Ft View Prior Sale
07/30/2022 07/30/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $110,000 +296.1% $26 / Sq Ft
11/24/2015 11/24/15 Sold $27,770 -57.3% $7 / Sq Ft View Prior Sale
11/01/2015 11/01/15 Pending -- -- --
10/01/2014 10/01/14 For Sale $65,000 -- $16 / 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 $2,895 $59,703 $10,626 $49,077
2023 $2,689 $45,987 $6,160 $39,827
2022 $2,681 $45,987 $6,160 $39,827
2021 $2,727 $45,987 $6,160 $39,827
2020 $2,765 $42,160 $5,650 $36,510
2019 $2,627 $42,160 $5,650 $36,510
2018 $2,632 $42,160 $5,650 $36,510
2017 $2,941 $45,150 $5,310 $39,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5025116

MLS Now