$80,000
SOLD MAR 28, 2025

3825 Lake Ave Ashtabula, OH 44004

4 Beds
2 Baths
1,590 Sq Ft
0.26 Acres

Recently Sold

$50 Per Sq Ft

38% Below List Price

18 Days on Market

About This Home

As of March 2025

Tap into the potential for long-term financial growth with this exceptional investment opportunity! Within mere minutes from Lake Erie, shopping, dining, public transportation, and more- this duplex is situated in an ideal location! Featuring two spacious units, each with 2 bedrooms, comfortable & functional living space, and separate entrances! Highlights include ample parking space located in the rear of the dwelling, a full basement for laundry and additional storage accessible to the lower-level occupant and new flooring throughout the upstairs living quarters in 2024. Both units are currently tenant-occupied with a month-to-month lease agreement, metered separately for streamlined utility management, and providing immediate income! Whether you are looking to expand your portfolio or just starting your real estate investment journey you will want to seize this opportunity and secure a brighter financial future with this well-maintained duplex!
To learn more about our current tenant arrangements and explore the possibilities- contact us today!

Last Agent to Sell the Property

Gina Petrochello

Assured Real Estate Brokerage Email: 440-576-7355 info@assuredrealestateoh.com License #2022003286 Listed on: 02/05/2025

Last Buyer's Agent

Carole Stormer-Vaux

Assured Real Estate License #368102

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $805

Year Built

  • Built in 1907

Lot Details

  • 0.26 Acre Lot

Home Design

  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,590 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Driveway
  • Additional Parking

Utilities

  • No Cooling
  • Heating System Uses Gas

Community Details

  • Connecticut Western Reserve Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052170005400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$805

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1907
  • Attribution Contact: 440-576-7355 info@assuredrealestateoh.com
  • Subdivision Name: Connecticut Western Reserve
  • Above Grade Finished Sq Ft: 1590.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.256
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking, Driveway

Utilities

  • LaundryFeatures: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Ashtabula Area CSD - 401

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 052170005400
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 804.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2025
Closed on
Mar 28, 2025
Sold by
Fasano Llc
Bought by
3825 Lake Llc
Seller's Agent
Gina Petrochello
Assured Real Estate
Buyer's Agent
Carole Stormer-Vaux
Assured Real Estate
List Price
$130,000
Sold Price
$80,000
Premium/Discount to List
-$50,000
-38.46%
Views
70
Current Estimated Value
$105,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,933
Avg. Annual Appreciation
109.36%

Purchase Details

Closed on
Mar 27, 2013
Sold by
Fasano Carlo and Fasano Lolita
Bought by
Fasano Llc

Purchase Details

Closed on
Nov 22, 2004
Sold by
Citifinancial Inc
Bought by
Fasano Carlo and Fasano Lolita

Purchase Details

Closed on
Nov 19, 2003
Sold by
Acierno Wanda L
Bought by
Citifinancial Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $80,000 Venture Title
Warranty Deed $80,000 Venture Title
Quit Claim Deed -- Franklin Blair Title Agency
Special Warranty Deed $12,000 Nova Title Agency Inc
Sheriffs Deed $22,000 Buckeye Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Sold $80,000 -38.5% $50 / Sq Ft
02/23/2025 02/23/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $130,000 -- $82 / 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 $1,302 $15,160 $2,420 $12,740
2023 $794 $15,160 $2,420 $12,740
2022 $677 $11,310 $1,860 $9,450
2021 $683 $11,310 $1,860 $9,450
2020 $693 $11,310 $1,860 $9,450
2019 $822 $12,890 $1,860 $11,030
2018 $747 $12,890 $1,860 $11,030
2017 $750 $12,890 $1,860 $11,030
2016 $775 $12,890 $1,860 $11,030
2015 $754 $12,890 $1,860 $11,030
2014 $736 $12,890 $1,860 $11,030
2013 $551 $10,160 $2,140 $8,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5098542

MLS Now

APN: 052170005400