NOT LISTED FOR SALE

Estimated Value: $533,000 - $638,612

6 Beds
3 Baths
1,705 Sq Ft
$344/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $630,000 $370 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,264/month

About This Home

Come and see this turnkey triplex with great rents in fast-developing Elyria-Swansea neighborhood! So much is being built within walking distance at or near the National Western Stock Show Complex. All 3 units have been renovated and updated with long-lasting neutral LVP flooring and fresh paint as each lease turns. Each unit features its own fully fenced front yard patio and dedicated back alley parking space. Each unit has its own water heater and furnace.

Rents are excellent and may even have a tiny bit of room for improvement in one of the units. Priced to cash flow for a worthy investment. Overall expenses are relatively low and stable. Many major repairs and improvements have been made under current ownership. All furnaces are aged 2019 and newer. Gutters have been replaced. Currently professionally managed - increase your cash flow even more by self-management or living in one of the units! Room for additional income - shared laundry is currently not monetized, and there is room to add storage in the side yard to also monetize.

Leases range from one year starting Sept. 2023 down to month-to-month. Fully occupied. Tenant pays electric/gas, internet.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Jan 31, 2024
Sold by
Elm Tree Properties Llc
Bought by
Paredes Christopher Andrew and Heckroth Sarah Taylor
Seller's Agent
Laura Jordan
A Better Way Realty
Buyer's Agent
Preston Newberry
Your Castle Real Estate Inc
List Price
$630,000
Sold Price
$630,000
Views
105
Current Estimated Value
$585,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,194
Avg. Annual Appreciation
-3.59%
Original Mortgage
$4,725,500
Outstanding Balance
$4,623,269
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$4,037,463

Purchase Details

Closed on
May 6, 2022
Sold by
Scott Jordan
Bought by
Elm Tree Properties Llc

Purchase Details

Closed on
Aug 29, 2019
Sold by
Hamilton Bradley and Hamilton Deanna
Bought by
Jordan Laura and Jordan Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2016
Sold by
Nicholas James Properties Llc
Bought by
Hamilton Bradley and Hamilton Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2013
Sold by
Hughes Shane
Bought by
Nicole James Properties Llc

Purchase Details

Closed on
Aug 21, 2009
Sold by
Fannie Mae
Bought by
Hughes Shane

Purchase Details

Closed on
Jul 16, 2009
Sold by
Stom Jack H
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 12, 2008
Sold by
Glosson John
Bought by
Stom Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.84%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Paredes Christopher Andrew $630,000 None Listed On Document
Elm Tree Properties Llc -- None Listed On Document
Jordan Laura $540,000 Heritage Title Company
Hamilton Bradley $354,000 None Available
Nicole James Properties Llc -- None Available
Hughes Shane $28,600 None Available
Federal National Mortgage Association -- None Available
Stom Jack $155,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paredes Christopher Andrew $4,725,500
Previous Owner Jordan Laura $405,000
Previous Owner Hamilton Bradley $265,500
Previous Owner Stom Jack $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2024 02/01/24 Sold $630,000 0.0% $370 / Sq Ft View Prior Sale
11/06/2023 11/06/23 For Sale $630,000 -- $370 / Sq Ft

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
2025 $2,597 $42,910 $16,110 $16,110
2024 $2,597 $32,790 $11,620 $21,170
2023 $2,541 $32,790 $11,620 $21,170
2022 $2,409 $30,290 $9,710 $20,580
2021 $2,377 $31,850 $10,210 $21,640
2020 $1,752 $23,620 $4,080 $19,540
2019 $1,703 $23,620 $4,080 $19,540
2018 $1,347 $17,410 $2,060 $15,350
2017 $1,343 $17,410 $2,060 $15,350
2016 $1,564 $19,180 $2,046 $17,134
2015 $1,498 $19,180 $2,046 $17,134
Source: Public Records

Agents Affiliated with this Home

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