NOT LISTED FOR SALE

3863 Palm Ave Lorain, OH 44055

Estimated Value: $132,000 - $165,000

3 Beds
1 Bath
2,517 Sq Ft
$61/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $79,000 $31 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $961/month

183 Days on Market

Highlights

  • Cape Cod Architecture
  • Porch
  • Property is Fully Fenced
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Northwest Facing Home

About This Home

As of June 2020

Beautiful, well maintained 3 Bedroom Cape Cod. Home features a large living room, Updated Kitchen with newer white cabinets and countertops. Large addition off of the kitchen with ample lighting and so much space perfect for all of your entertaining needs. Bathroom was just remodeled (2019) new flooring, freshly painted, New Vanity and Walk in Shower. Two large bedrooms downstairs, large master upstairs 14x13 with a bonus room that could be used for a 4th bedroom ( 15x10 )
Partially finished basement, brand new water tank (2019) Furnace and AC recently serviced, large workshop/utility room (28x11)
Large corner, fenced in yard, 2-car garage and large storage shed.
Water and Sewer lines were replaced in 2015
120 inch TV Projector will stay located in the basement

Brand New siding for garage is located inside of the garage for New Buyers

Last Agent to Sell the Property

Kathy Seifert

Keller Williams Chervenic Rlty License #2016005099 Listed on: 11/07/2019

Keller Williams Chervenic Rlty

Last Buyer's Agent

Ed Huck

Keller Williams Citywide License #390263

Keller Williams Citywide

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,485

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot
  • Northwest Facing Home
  • Property is Fully Fenced
  • Wood Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

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

Community Details

  • Homewood Add Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-080-108-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,485

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Attached
  • Style: Cape Cod
  • House Faces: Northwest
  • Price Per Square Foot: 43.77
  • Estimated Price per Sq Ft: 43.77
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1805
  • Year Built: 1950
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Dishwasher, Wall Oven, Refrigerator
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 8
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 1805.00
  • Sq Ft Approx Below Grade Finished: 712.00
  • Sq Ft Approx Total Finished: 2517.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Porch
  • Fences: Full, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Electric
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Homewood Add

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1600
  • Parcel Number: 03-00-080-108-001

Tax Info

  • Tax: 1485

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jun 27, 2020
Sold by
Selzer Phyllis and Selzer Victoria
Bought by
Cumberledge Ross T
Seller's Agent
Kathy Seifert
Keller Williams Chervenic Rlty
Buyer's Agent
Ed Huck
Keller Williams Citywide
List Price
$89,900
Sold Price
$79,000
Premium/Discount to List
-$10,900
-12.12%
Current Estimated Value
$154,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,056
Avg. Annual Appreciation
12.73%
Original Mortgage
$75,050
Outstanding Balance
$66,673
Interest Rate
3.2%
Mortgage Type
Stand Alone First
Estimated Equity
$87,305

Purchase Details

Listed on
Oct 23, 2018
Closed on
Jan 16, 2019
Sold by
Quiros Jose L
Bought by
Selzer Phyllis and Selzer Victoria
Seller's Agent
Faith Gegen
Keller Williams Citywide
Buyer's Agent
Kathy Seifert
Keller Williams Chervenic Rlty
List Price
$80,000
Sold Price
$75,000
Premium/Discount to List
-$5,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Original Mortgage
$71,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Hall Delmar R and Hall Lulu
Bought by
Quiros Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Cumberledge Ross T $79,000 Accommodation
Selzer Phyllis $75,000 Erieviewtitle Agency Llc
Quiros Jose L -- Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cumberledge Ross T $75,050
Previous Owner Selzer Phyllis $71,250
Previous Owner Quiros Jose L $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2020 06/30/20 Sold $79,000 -1.2% $31 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
03/02/2020 03/02/20 Price Changed $79,999 -0.6% $32 / Sq Ft
01/21/2020 01/21/20 Price Changed $80,499 +0.6% $32 / Sq Ft
12/03/2019 12/03/19 Price Changed $79,999 -1.1% $32 / Sq Ft
11/21/2019 11/21/19 Price Changed $80,900 -5.8% $32 / Sq Ft
11/15/2019 11/15/19 Price Changed $85,900 -4.4% $34 / Sq Ft
11/07/2019 11/07/19 For Sale $89,900 +19.9% $36 / Sq Ft
01/18/2019 01/18/19 Sold $75,000 -6.3% $42 / Sq Ft View Prior Sale
12/05/2018 12/05/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $80,000 +6.7% $44 / Sq Ft
10/23/2018 10/23/18 Off Market $75,000 -- --
10/23/2018 10/23/18 For Sale $80,000 -- $44 / 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 $1,954 $47,394 $11,169 $36,225
2023 $1,625 $31,546 $6,689 $24,857
2022 $1,611 $31,546 $6,689 $24,857
2021 $1,611 $31,546 $6,689 $24,857
2020 $1,493 $25,400 $5,390 $20,010
2019 $1,484 $25,400 $5,390 $20,010
2018 $1,485 $25,400 $5,390 $20,010
2017 $1,449 $23,370 $7,340 $16,030
2016 $1,437 $23,370 $7,340 $16,030
2015 $1,356 $23,370 $7,340 $16,030
2014 $1,295 $22,370 $7,030 $15,340
2013 $1,285 $22,370 $7,030 $15,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4148003

MLS Now

APN: 03-00-080-108-001