NOT LISTED FOR SALE

4040 Palm Ave Lorain, OH 44055

Estimated Value: $135,000 - $148,000

3 Beds
1 Bath
1,090 Sq Ft
$131/Sq Ft Est. Value

Last Sold December 19, 2017

Last sale price $77,000 $71 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $880/month

13 Days on Market

Highlights

  • 1 Car Detached Garage
  • Bungalow
  • East Facing Home
  • Porch
  • Forced Air Heating and Cooling System
  • Property is Fully Fenced

About This Home

As of December 2017

Move right into this Homewood Bungalow! Stunning hardwood floors in the living room and two 1st floor two first floor bedrooms. Large 2nd floor bedroom features lots of built-ins and hiding places! Large yard with detached one car garage and it's all fenced in. Updates include: roof (5 yrs. old - metal roof with 50 year warranty), air conditioner (5 years), HWT (5 years), siding, updated lighting and some fixtures and side entry door. Come check out this one!!

Last Agent to Sell the Property

Tammy Koleski

Howard Hanna License #2003013371 Listed on: 10/15/2017

Howard Hanna

Last Buyer's Agent

Nikki Harsa

Russell Real Estate Services License #2005014597

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,234

Year Built

  • Built in 1948

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x155
  • East Facing Home
  • Property is Fully Fenced
  • Privacy Fence
  • Chain Link Fence

Home Design

  • Bungalow
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,090 Sq Ft Home
  • 1.5-Story Property
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Porch

Utilities

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

Community Details

  • Homewood Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-079-102-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,234

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Bungalow
  • House Faces: East
  • Price Per Square Foot: 70.64
  • Estimated Price per Sq Ft: 70.64
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.50
  • Total Sq Ft: 1090
  • Year Built: 1948
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1948

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Smoke Detector, Sump Pump, Washer
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 5
  • Basement Detail: Full, Unfinished
  • Sq Ft Approx Above Grade Finished: 1090.00
  • Sq Ft Approx Total Finished: 1090.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Porch
  • Fences: Chain Link, Full, Privacy
  • Roof: Metal

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric
  • Garage Num Of Cars: 1

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

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Dimensions: 50X155
  • Lot Size Units: Acres
  • Acres: 0.1800
  • Parcel Number: 03-00-079-102-014

Tax Info

  • Tax: 1234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2017
Closed on
Dec 18, 2017
Sold by
Webber Lorraine A
Bought by
Mendoza Ekva
Seller's Agent
Tammy Koleski
Howard Hanna
Buyer's Agent
Nikki Harsa
Russell Real Estate Services
List Price
$79,900
Sold Price
$77,000
Premium/Discount to List
-$2,900
-3.63%
Current Estimated Value
$143,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,321
Avg. Annual Appreciation
7.99%
Original Mortgage
$75,605
Outstanding Balance
$63,653
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$79,668

Purchase Details

Closed on
Oct 31, 1996
Sold by
Hodge Betty
Bought by
Miller Lorraine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,405
Interest Rate
8.23%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 29, 1996
Sold by
Shlapak Andrew
Bought by
Beggs Eunice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Mendoza Ekva $77,000 --
Miller Lorraine A $68,500 --
Beggs Eunice $61,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Ekva $75,605
Previous Owner Miller Lorraine A $68,405
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2017 12/19/17 Sold $77,000 -3.6% $71 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
10/15/2017 10/15/17 For Sale $79,900 -- $73 / 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 $1,655 $40,128 $10,976 $29,152
2023 $1,440 $27,962 $6,573 $21,389
2022 $1,427 $27,962 $6,573 $21,389
2021 $1,427 $27,962 $6,573 $21,389
2020 $1,323 $22,510 $5,290 $17,220
2019 $1,315 $22,510 $5,290 $17,220
2018 $1,296 $22,510 $5,290 $17,220
2017 $1,276 $20,060 $6,150 $13,910
2016 $1,234 $20,060 $6,150 $13,910
2015 $1,164 $20,060 $6,150 $13,910
2014 $1,111 $19,190 $5,880 $13,310
2013 $1,102 $19,190 $5,880 $13,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3949538

MLS Now

APN: 03-00-079-102-014