NOT LISTED FOR SALE

518 Dewey Ave Elyria, OH 44035

Estimated Value: $93,000 - $131,000

2 Beds
1 Bath
1,120 Sq Ft
$95/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $85,000 $76 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $692/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 5-minute walk to West Park
  • Porch
  • North Facing Home

About This Home

As of October 2023

Very nice Dutch colonial featuring 2 bedrooms, dining room, living room, large kitchen and a full basement. Updates include 2nd floor carpeting, windows and vinyl siding. Easy access to highways and immediate possession!

Last Agent to Sell the Property

Ken Keiffer

Northern Ohio Realty License #311666 Listed on: 08/19/2023

Last Buyer's Agent

Michael Hignett

Northern Ohio Realty License #2014000042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,339

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 40x92
  • North Facing Home
  • Unpaved Streets

Home Design

  • Colonial Architecture
  • Slate Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,120 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Parks Foster Community

Listing and Financial Details

  • Assessor Parcel Number 06-24-065-101-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,339

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: North
  • Price Per Square Foot: 75.89
  • Estimated Price per Sq Ft: 75.89
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1120
  • Year Built: 1928
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: (440) 366-0099 northernohiorealty@gmail.com
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1928

Interior Features

  • Appliances Equipment: Range, Sump Pump
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Room Count: 5
  • Basement Detail: Full
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1120.00
  • Sq Ft Approx Total Finished: 1120.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Porch
  • Roof: Slate

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Parks Foster

Schools

  • School District: Elyria CSD
  • School District: Elyria CSD

Lot Info

  • Lot Dimensions: 40x92
  • Lot Size Units: Acres
  • Parcel Number: 06-24-065-101-013
  • LandLeaseYN: No

Tax Info

  • Tax: 1339

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2023
Closed on
Oct 4, 2023
Sold by
Archer Jeffrey L and Archer Lynda A
Bought by
Worcester Steven
Seller's Agent
Ken Keiffer
Northern Ohio Realty
Buyer's Agent
Michael Hignett
Northern Ohio Realty
List Price
$79,900
Sold Price
$85,000
Premium/Discount to List
$5,100
6.38%
Views
61
Current Estimated Value
$106,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,415
Avg. Annual Appreciation
11.52%
Original Mortgage
$83,460
Outstanding Balance
$81,853
Interest Rate
7.23%
Mortgage Type
FHA
Estimated Equity
$24,562

Purchase Details

Closed on
May 8, 1999
Sold by
Gwin Michael A
Bought by
Archer Jeffrey L and Archer Lyndia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,200
Interest Rate
7.04%
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
Worcester Steven $85,000 Network Land Title
Archer Jeffrey L $52,800 Lorain County Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Worcester Steven $83,460
Previous Owner Archer Jeffrey L $42,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $85,000 +6.4% $76 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
08/19/2023 08/19/23 For Sale $79,900 -- $71 / 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 $1,609 $33,989 $3,871 $30,118
2023 $1,343 $24,052 $3,577 $20,475
2022 $1,339 $24,052 $3,577 $20,475
2021 $1,342 $24,052 $3,577 $20,475
2020 $1,259 $20,080 $2,990 $17,090
2019 $1,251 $20,080 $2,990 $17,090
2018 $1,202 $20,080 $2,990 $17,090
2017 $1,150 $17,650 $2,100 $15,550
2016 $1,135 $17,650 $2,100 $15,550
2015 $1,065 $17,650 $2,100 $15,550
2014 $1,108 $18,580 $2,210 $16,370
2013 $1,098 $18,580 $2,210 $16,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4484216

MLS Now

APN: 06-24-065-101-013