NOT LISTED FOR SALE

4420 Palm Ave Lorain, OH 44055

Estimated Value: $169,000 - $209,000

3 Beds
2 Baths
1,405 Sq Ft
$135/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $155,000 $110 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,178/month

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Park
  • Wood Fence
  • Community Playground
  • Forced Air Heating and Cooling System
  • 4-minute walk to Fairless Park

About This Home

As of June 2023

Experience the best of split level living at 4420 Palm Ave! This stunning home features three spacious bedrooms and a full bathroom on the upper floor, providing ample living space for you and your family. The vaulted ceilings in the living room and kitchen create a bright and airy feel, while the fully equipped kitchen makes meal prep a breeze. Downstairs, enjoy a large laundry room and a spacious rec room, perfect for hosting family and friends. The two-car garage and fenced-in backyard with back patio offer privacy and convenience, making this the perfect place to call home.

Last Agent to Sell the Property

Sophia Hernandez-Ortiz

Keller Williams Elevate License #2015003066 Listed on: 05/19/2023

Keller Williams Elevate

Last Buyer's Agent

Steven Lawson

Russell Real Estate Services License #2020000096

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 1964

Lot Details

  • 5,663 Sq Ft Lot
  • Wood Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,405 Sq Ft Home
  • 2-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 03-00-078-112-004

Community Details

Overview

  • Homewood Community

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,497

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Split Level
  • Price Per Square Foot: 110.32
  • Estimated Price per Sq Ft: 110.32
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1405
  • Year Built: 1964
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1964

Interior Features

  • Appliances Equipment: Dishwasher, Microwave, Range, Refrigerator
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Room Count: 10
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1405.00
  • Sq Ft Approx Total Finished: 1405.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Fences: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities: Park, Playground

Condo/Co-op/Association

  • Subdivision Complex: Homewood

Schools

  • School District: Lorain CSD
  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1300
  • Parcel Number: 03-00-078-112-004
  • LandLeaseYN: No

Tax Info

  • Tax: 1497

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 19, 2023
Sold by
Kent Albert V and Kent Valda
Bought by
Justice Karla S
Seller's Agent
Sophia Hernandez-Ortiz
Keller Williams Elevate
Buyer's Agent
Steven Lawson
Russell Real Estate Services
List Price
$145,000
Sold Price
$155,000
Premium/Discount to List
$10,000
6.9%
Views
91
Current Estimated Value
$189,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,317
Avg. Annual Appreciation
6.40%
Original Mortgage
$7,750
Outstanding Balance
$7,590
Interest Rate
6.35%
Estimated Equity
$170,846

Purchase Details

Closed on
Jun 30, 2015
Sold by
Adana Realty Co
Bought by
Kent Valda and Kent Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,822
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 16, 2014
Closed on
Dec 3, 2014
Sold by
Secretary Of Hud
Bought by
Adana Realty Co
Seller's Agent
Dawn Doleh
Deleted Agent
Buyer's Agent
William Schram
CENTURY 21 DePiero & Associates, Inc.
List Price
$36,100
Sold Price
$33,903
Premium/Discount to List
-$2,197
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.62%

Purchase Details

Closed on
Sep 3, 2013
Sold by
Jpmorgan Chase Bank Na
Bought by
Secretary Of Hud

Purchase Details

Closed on
Aug 15, 2013
Sold by
Rivera Luis
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Jan 28, 2008
Sold by
Va
Bought by
Rivera Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,321
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 17, 2007
Sold by
Tibbetts Lori A and Tibbetts Timothy R
Bought by
Va

Purchase Details

Closed on
Aug 6, 1998
Sold by
Davis Dennis R and Davis Mary Jo
Bought by
Tibbetts Timothy R and Tibbetts Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,995
Interest Rate
7.07%
Mortgage Type
VA

Purchase Details

Closed on
Mar 2, 1995
Sold by
Engle Rodger K
Bought by
Davis Dennis R and Davis Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
9.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Justice Karla S $155,000 First American Title
Kent Valda $65,000 None Available
Adana Realty Co $33,903 None Available
Secretary Of Hud -- None Available
Jpmorgan Chase Bank Na $40,000 None Available
Rivera Luis $77,600 Guardian Title
Va $64,000 None Available
Tibbetts Timothy R $87,300 Midland Title
Davis Dennis R $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Justice Karla S $7,750
Open Justice Karla S $152,192
Previous Owner Kent Valda $63,822
Previous Owner Rivera Luis $76,321
Previous Owner Tibbetts Timothy R $88,995
Previous Owner Davis Dennis R $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $155,000 +6.9% $110 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $145,000 +327.7% $103 / Sq Ft
12/09/2014 12/09/14 Sold $33,903 -6.1% $23 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $36,100 -- $24 / 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 $2,104 $51,037 $9,877 $41,160
2023 $1,511 $29,337 $5,915 $23,422
2022 $1,498 $29,337 $5,915 $23,422
2021 $1,498 $29,337 $5,915 $23,422
2020 $1,388 $23,620 $4,760 $18,860
2019 $1,380 $23,620 $4,760 $18,860
2018 $1,381 $23,620 $4,760 $18,860
2017 $1,468 $23,670 $6,370 $17,300
2016 $1,456 $23,670 $6,370 $17,300
2015 $1,412 $23,670 $6,370 $17,300
2014 $1,416 $22,660 $6,100 $16,560
2013 $1,338 $22,660 $6,100 $16,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4460019

MLS Now

APN: 03-00-078-112-004