NOT LISTED FOR SALE

5611 Ashland Ave Lorain, OH 44053

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

Sale Details

Date 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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1980

Lot Details

  • 9,148 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 2 Car Detached Garage
  • Driveway

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 10, 2021
Closed on
Nov 18, 2021
Sold by
Bought by
Seller's Agent
Darryl Roberts
Relevant Real Estate Services
Buyer's Agent
Andrew Jenkins
Keller Williams Elevate
List Price
$150,000
Sold Price
$153,000
Premium/Discount to List
$3,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,750
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2020
Closed on
May 28, 2020
Sold by
Bought by
Seller's Agent
Kimberly Strader
NEO Rental Agent, LLC
Buyer's Agent
Darryl Roberts
Deleted Agent
List Price
$124,900
Sold Price
$125,000
Premium/Discount to List
$100
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%
Original Mortgage
$93,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,375
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Land Title
$153,000 None Listed On Document
$125,000 Accommodation
$172,500 Homescore Title
$130,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $114,750
Previous Owner $93,750
Previous Owner $129,375
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,665 $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

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Map

Source: MLS Now

MLS Number: 4316079

MLS Now
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