3496 Magnolia Dr Lorain, OH 44053
Estimated Value: $263,000 - $300,000
3
Beds
2.5
Baths
1,672
Sq Ft
$171/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
About This Home
As of February 2023Why wait to build when you can own a new build in Martin's Run; only 2 years old! This 3 bedroom, 2.5 bath has a 13 year tax abatement! When you walk in you are greeted by an office/den/playroom and foyer. You will love the open concept eat-in kitchen and living room. The huge master bedroom is stunning with a walk-in closet and attached full bath. Another full bath is upstairs near the 2 additional bedrooms. Laundry is located in the large, unfinished basement that features a rough-in for a future bathroom. Garage has epoxy flooring. Call for a tour.
Last Agent to Sell the Property
EXP Realty, LLC. License #2022000592 Listed on: 09/21/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $902
Year Built
- Built in 2020
Lot Details
- 4,792 Sq Ft Lot
HOA Fees
- $27 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1,672 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- Landings At Martins Run Sub Community
Listing and Financial Details
- Assessor Parcel Number 02-02-012-114-201
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2022
Closed on
Feb 17, 2023
Sold by
Alvarez Sofia and Alvarez Justin J
Bought by
Witt Brianna Alaine
Seller's Agent
Alicia Summers
EXP Realty, LLC.
Buyer's Agent
Jodi Burgett
Russell Real Estate Services
List Price
$260,000
Sold Price
$230,000
Premium/Discount to List
-$30,000
-11.54%
Total Days on Market
96
Views
149
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
$56,575
Avg. Annual Appreciation
10.03%
Original Mortgage
$212,000
Outstanding Balance
$206,722
Interest Rate
6.33%
Mortgage Type
Balloon
Estimated Equity
$79,853
Purchase Details
Closed on
Jul 27, 2020
Sold by
K Hovnanian Landings 40S Llc
Bought by
Alvarez Sofia and Flanigan Justin J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 8, 2020
Sold by
Lorain Landings Development Co Llc
Bought by
K Hovnanian Landings 40S Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in Lorain, OH
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Witt Brianna Alaine | $230,000 | Fidelity National Title | |
| Alvarez Sofia | $56,000 | None Available | |
| K Hovnanian Landings 40S Llc | $40,400 | Examco Title Services |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Witt Brianna Alaine | $212,000 | |
| Previous Owner | Hovananian Landing 40S Llc | $440,000 | |
| Previous Owner | K Hovnanian Landings 40 S Llc | $220,092,600 | |
| Previous Owner | Alvarez Sofia | $201,243 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2023 02/22/23 | Sold | $230,000 | -4.2% | $138 / Sq Ft |
| 12/26/2022 12/26/22 | Pending | -- | -- | -- |
| 12/20/2022 12/20/22 | Price Changed | $240,000 | -2.4% | $144 / Sq Ft |
| 12/09/2022 12/09/22 | Price Changed | $246,000 | -1.6% | $147 / Sq Ft |
| 11/28/2022 11/28/22 | Price Changed | $250,000 | -0.8% | $150 / Sq Ft |
| 11/01/2022 11/01/22 | Price Changed | $252,000 | -1.2% | $151 / Sq Ft |
| 10/12/2022 10/12/22 | Price Changed | $255,000 | -1.9% | $153 / Sq Ft |
| 09/21/2022 09/21/22 | For Sale | $260,000 | +33.8% | $156 / Sq Ft |
| 11/13/2020 11/13/20 | Sold | $194,250 | +11.0% | $118 / Sq Ft |
| 05/24/2020 05/24/20 | Pending | -- | -- | -- |
| 03/11/2020 03/11/20 | Price Changed | $174,990 | +0.3% | $106 / Sq Ft |
| 01/30/2020 01/30/20 | Price Changed | $174,490 | +0.3% | $106 / Sq Ft |
| 01/04/2020 01/04/20 | Price Changed | $173,990 | +0.6% | $106 / Sq Ft |
| 12/20/2019 12/20/19 | For Sale | $172,990 | -- | $105 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $902 | $21,875 | $21,875 | -- |
| 2023 | $1,077 | $20,913 | $20,913 | $0 |
| 2022 | $1,067 | $20,913 | $20,913 | $0 |
| 2021 | $1,067 | $20,913 | $20,913 | $0 |
| 2020 | $844 | $14,000 | $14,000 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alicia Summers
Seller's Agent in 2023
Alicia Summers
EXP Realty, LLC.
6 in this area
18 Total Sales
-
Jodi Burgett
Buyer's Agent in 2023
Jodi Burgett
Russell Real Estate Services
(440) 315-7282
41 in this area
112 Total Sales
-
M
Seller's Agent in 2020
Michelle Arocho
Deleted Agent
-
Bernadette Stitchick
Buyer's Agent in 2020
Bernadette Stitchick
Russell Real Estate Services
(440) 864-4257
33 in this area
389 Total Sales
Map
Source: MLS Now
MLS Number: 4409996
APN: 02-02-012-114-201
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