NOT LISTED FOR SALE

5611 Ashland Ave Lorain, OH 44053

6 Beds
6 Baths
5,043 Sq Ft
9,148 Sq Ft Lot

Last Sold November 29, 2021

Last sale price $153,000 $30 Per Sq Ft

33 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of November 2021

Unique opportunity to own an 8 unit income producing community, with residential financing. This brick 4 apartment property and it’s sister property at 5605 Ashland are on separate parcels share a parking lot and are both available for purchase. Both are fully rented.

Last Agent to Sell the Property

Darryl Roberts

Relevant Real Estate Services License #2020006282 Listed on: 09/10/2021

Last Buyer's Agent

Andrew Jenkins

Keller Williams Elevate License #2014001799

Keller Williams Elevate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1980

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 02-02-005-114-021

Community Details

Overview

  • 4 Units
  • Ashwood Acres Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,624

Year Built

Built in 1980

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 45.51
  • Estimated Price per Sq Ft: 45.51
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3362
  • Year Built: 1980
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement Detail: Finished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 3362.00
  • Sq Ft Approx Below Grade Finished: 1681.00
  • Sq Ft Approx Total Finished: 5043.00

Exterior Features

  • Exterior: Brick, Cedar
  • Roof: Asphalt/Fiberglass, Flat

Garage/Parking

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

Utilities

  • LaundryFeatures: Shared
  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Ashwood Acres

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2100
  • Parcel Number: 02-02-005-114-021

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link, Electric, Heating

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 100

Tax Info

  • Tax: 3624
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2021 11/29/21 Sold $153,000 +2.0% $30 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $150,000 0.0% $30 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $150,000 +20.0% $30 / Sq Ft
05/29/2020 05/29/20 Sold $125,000 +0.1% $37 / Sq Ft View Prior Sale
03/26/2020 03/26/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $124,900 +24.9% $37 / Sq Ft
02/10/2014 02/10/14 Sold $100,000 -31.0% $30 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
03/14/2013 03/14/13 For Sale $145,000 -- $43 / Sq Ft
Source: MLS Now

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 $3,752 $58,734 $7,718 $51,016
2023 $3,546 $45,133 $6,430 $38,703
2022 $3,510 $45,133 $6,430 $38,703
2021 $3,527 $45,133 $6,430 $38,703
2020 $3,624 $45,130 $6,430 $38,700
2019 $3,593 $45,130 $6,430 $38,700
2018 $3,738 $45,130 $6,430 $38,700
2017 $3,950 $45,700 $5,600 $40,100
2016 $3,900 $45,700 $5,600 $40,100
2015 $3,718 $45,700 $5,600 $40,100
2014 $3,676 $45,700 $5,600 $40,100
2013 $3,683 $45,700 $5,600 $40,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4316079

MLS Now
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