NOT LISTED FOR SALE

502 Lake Ave Elyria, OH 44035

Estimated Value: $88,000 - $264,000

4 Beds
1 Bath
2,292 Sq Ft
$78/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $80,000 $35 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $958/month

63 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Wood Fence
  • 2 Car Direct Access Garage

About This Home

As of January 2023

Home sold AS-IS condition, seller will make no repairs, 4 bedroom home sits on a 4 parcels totaling .79 acres. This listing could be considered Commercial or Residential property, perfect for an investment development.

Last Agent to Sell the Property

Matthew Schmuhl

Berkshire Hathaway HomeServices Stouffer Realty License #2015001713 Listed on: 10/10/2022

Berkshire Hathaway HomeServices Stouffer Realty

Last Buyer's Agent

Wendy LaForce-Zambo

Howard Hanna License #266335

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,459

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Unpaved Streets

Parking

  • 2 Car Direct Access Garage

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Community Details

  • C A & Frank Bronsons 2Nd Add Community

Listing and Financial Details

  • Assessor Parcel Number 06-24-085-104-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,459

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • Price Per Square Foot: 52.36
  • Estimated Price per Sq Ft: 52.36
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1528
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Room Count: 10
  • Basement Detail: Unfinished
  • Sq Ft Approx Above Grade Finished: 1528.00
  • Sq Ft Approx Below Grade Finished: 764.00
  • Sq Ft Approx Total Finished: 2292.00

Exterior Features

  • Exterior Features: Porch
  • Fences: Chain Link, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Access from Unit, Attached
  • Garage Num Of Cars: 2

Utilities

  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: C A & Frank Bronsons 2nd Add

Schools

  • School District: Elyria CSD

Lot Info

  • Additional Assessor Parcel Number 1: 0624085104009
  • Additional Assessor Parcel Number 2: 0624085104010
  • Additional Assessor Parcel Number 3: 0624085104022
  • Lot Size Units: Acres
  • Acres: 0.0900
  • Parcel Number: 06-24-085-104-021
  • LandLeaseYN: No

Tax Info

  • Tax: 1459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2016
Closed on
May 5, 2017
Sold by
Zayed Nabil
Bought by
Ross Kimberly M
Seller's Agent
Jim Wirscham
Northern Ohio Realty
Buyer's Agent
Matthew Schmuhl
Berkshire Hathaway HomeServices Stouffer Realty
List Price
$25,000
Sold Price
$18,000
Premium/Discount to List
-$7,000
-28%
Current Estimated Value
$177,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,667
Avg. Annual Appreciation
30.50%

Purchase Details

Closed on
Dec 22, 2014
Sold by
Sciulli Debra L
Bought by
Zayed Nabil
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
Ross Kimberly M $18,000 American Patriot Title
Zayed Nabil $15,000 Amer Patriot Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2023 01/24/23 Sold $80,000 -27.3% $35 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $110,000 +511.1% $48 / Sq Ft
05/16/2017 05/16/17 Sold $18,000 0.0% $12 / Sq Ft View Prior Sale
04/23/2017 04/23/17 Off Market $18,000 -- --
04/23/2017 04/23/17 Pending -- -- --
11/11/2016 11/11/16 For Sale $25,000 +38.9% $16 / Sq Ft
11/10/2016 11/10/16 Off Market $18,000 -- --
08/10/2016 08/10/16 For Sale $29,900 -- $20 / 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 $323 $6,664 $6,664 --
2023 $814 $14,931 $1,211 $13,720
2022 $811 $14,931 $1,211 $13,720
2021 $813 $14,931 $1,211 $13,720
2020 $762 $12,460 $1,010 $11,450
2019 $758 $12,460 $1,010 $11,450
2018 $759 $12,460 $1,010 $11,450
2017 $701 $10,760 $1,900 $8,860
2016 $692 $10,760 $1,900 $8,860
2015 $649 $10,760 $1,900 $8,860
2014 $149 $11,320 $2,000 $9,320
2013 $148 $11,320 $2,000 $9,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4415707

MLS Now

APN: 06-24-085-104-021