NOT LISTED FOR SALE

518 W 21st St Lorain, OH 44052

Estimated Value: $108,000 - $114,000

3 Beds
1 Bath
1,536 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $102,000 $66 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $693/month

77 Days on Market

Highlights

  • City View
  • No HOA
  • Forced Air Heating System
  • Traditional Architecture
  • Covered Patio or Porch
  • South Facing Home

About This Home

As of June 2024

Don't miss out on this excellent opportunity! This single family home has been recently remodeled and currently has a tenant in place
with a month-to-month lease at $1025/mos paying all bills including water. This spacious single family home is in a prime location, near downtown Lorain and schools. The property next door is also for sale (multi-family unit) and can be sold together. This is an excellent opportunity to live next door to a cash flowing investment property or to have multiple cash flowing properties in close proximity.

Last Agent to Sell the Property

Ken Lencoski

Russell Real Estate Services Brokerage Email: klencoski@gmail.com 440-420-0528 License #2022003599 Listed on: 03/04/2024

Russell Real Estate Services

Last Buyer's Agent

jeremy rodriguez

D.A.R.E License #2025001934

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,003

Year Built

  • Built in 1904

Lot Details

  • 6,098 Sq Ft Lot
  • South Facing Home
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Blown-In Insulation
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,536 Sq Ft Home
  • 2-Story Property
  • Aluminum Window Frames
  • City Views
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • No Garage
  • Parking Pad

Outdoor Features

  • Covered Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • G Hogans Allotment Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-01-003-161-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,003

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1904
  • Attribution Contact: klencoski@gmail.com 440-420-0528
  • ResoLotFeatures: < 1/2 Acre, Back Yard, Flat, Front Yard, Level, Rectangular Lot
  • ResoPoolFeatures: None
  • Reso View: City
  • Subdivision Name: G Hogans Allotment
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • ResoWindowFeatures: Aluminum Frames
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Interior Entry, Unfinished
  • Basement: Yes
  • Appliances: Range
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.14
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Blown-In Insulation
  • Direction Faces: South
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, No Garage, Parking Pad

Utilities

  • LaundryFeatures: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-003-161-018
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1003.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Jun 17, 2024
Sold by
Series 9-518 W 21St Street and Best Day Ever Holdings Llc
Bought by
Two Dans Properties Corporation
Seller's Agent
Ken Lencoski
Russell Real Estate Services
Buyer's Agent
jeremy rodriguez
D.A.R.E
List Price
$99,900
Sold Price
$102,000
Premium/Discount to List
$2,100
2.1%
Views
43
Current Estimated Value
$111,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,671
Avg. Annual Appreciation
3.62%
Original Mortgage
$81,600
Outstanding Balance
$80,994
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$25,724

Purchase Details

Closed on
Feb 13, 2023
Sold by
Raven8085 Llc
Bought by
Series 9-518 W 21St Street

Purchase Details

Closed on
Jan 26, 2022
Sold by
Keys Private Equities 2018A Llc
Bought by
Raven8085 Llc

Purchase Details

Listed on
Jan 10, 2019
Closed on
Apr 2, 2019
Sold by
Schraff Scott and The West 21St Street Trust
Bought by
Keys Private Equities 2018A Llc
Seller's Agent
Christina Carpadis
RE/MAX Above & Beyond
Buyer's Agent
Heather Hill
Deleted Agent
List Price
$49,900
Sold Price
$36,300
Premium/Discount to List
-$13,600
-27.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.11%

Purchase Details

Closed on
Feb 7, 2007
Sold by
American Home Solutions Llc
Bought by
Cousens Steve and The West 21St Street Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2007
Sold by
American Home Solutions Llc
Bought by
Schraff Scott J and Schraff Deirdre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2006
Sold by
Comer Gerald E and Comer Brenda
Bought by
Cousens Steve and The West 21St Street Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Two Dans Properties Corporation $102,000 Chicago Title
Series 9-518 W 21St Street $74,500 Infinity Title
Raven8085 Llc $49,500 Infinity Title
Keys Private Equities 2018A Llc $36,300 Chicago Title
Cousens Steve -- Chicago Title
American Home Solutions Llc -- Chicago Title
Schraff Scott J -- Chicago Title
American Home Solutions Llc -- Chicago Title
Cousens Steve $25,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Two Dans Properties Corporation $81,600
Previous Owner Schraff Scott J $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $102,000 +2.1% $66 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $99,900 +175.2% $65 / Sq Ft
04/09/2019 04/09/19 Sold $36,300 -9.0% $16 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
02/20/2019 02/20/19 Price Changed $39,900 -7.0% $17 / Sq Ft
02/11/2019 02/11/19 Price Changed $42,900 -6.5% $18 / Sq Ft
01/28/2019 01/28/19 Price Changed $45,900 -8.0% $20 / Sq Ft
01/10/2019 01/10/19 For Sale $49,900 -- $21 / 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 $1,214 $28,718 $3,553 $25,165
2023 $1,003 $18,995 $3,213 $15,782
2022 $1,472 $18,995 $3,213 $15,782
2021 $995 $18,995 $3,213 $15,782
2020 $1,012 $16,800 $2,840 $13,960
2019 $1,007 $16,800 $2,840 $13,960
2018 $1,007 $16,800 $2,840 $13,960
2017 $912 $14,330 $3,200 $11,130
2016 $905 $14,330 $3,200 $11,130
2015 $855 $14,330 $3,200 $11,130
2014 $790 $13,270 $2,960 $10,310
2013 $784 $13,270 $2,960 $10,310
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5021425

MLS Now

APN: 02-01-003-161-018