Seller's Agent in 2024
Danielle Preyss
Howard Hanna
(440) 552-6644
3 in this area
30 Total Sales
631 Root Rd Lorain, OH 44052
4
Beds
4
Baths
1,768
Sq Ft
9,148
Sq Ft Lot
About This Home
As of November 2024Welcome to this recently renovated colonial duplex, both sides have been renovated. An excellent investment opportunity with a long-term tenant currently occupying half the duplex providing immediate rental income. The other side is available for you to call it home or for further rental income. The choice is yours. Each unit boasts comfortable living spaces with 2 bedrooms and 1 1/2 bathrooms and has its own utility space, so no need to share a laundry space.
As you head around into the backyard, you will see your own personal storage area that is not shared with the neighbor, each tenant has their own. Many duplexes in the area do not have this feature. Each unit also has their own garage, with newer doors, so no need to park anywhere else. Newer 2024 Stainless steel kitchen refrigerator and range included along with the washer, dryer and water heater on tenant side. Don't miss out on this fantastic opportunity to own a multi-family property. Schedule a showing today!
Last Agent to Sell the Property
Howard Hanna Brokerage Email: daniellepreyss@howardhanna.com 440-552-6644 License #2013004343 Listed on: 10/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,010
Year Built
- Built in 1979
Lot Details
- 9,148 Sq Ft Lot
- Chain Link Fence
Parking
- 2 Car Garage
- Driveway
Home Design
- Asphalt Roof
- Cedar Siding
- Cedar
Interior Spaces
- 1,768 Sq Ft Home
- 2-Story Property
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 03-00-031-105-041
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $166,500 | +7.5% | $94 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | For Sale | $154,900 | -- | $88 / Sq Ft |
Source: MLS Now (Howard Hanna)
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 | $2,036 | $48,188 | $5,275 | $42,914 |
| 2023 | $2,010 | $38,052 | $5,814 | $32,239 |
| 2022 | $1,993 | $38,052 | $5,814 | $32,239 |
| 2021 | $1,993 | $38,052 | $5,814 | $32,239 |
| 2020 | $1,903 | $31,550 | $4,820 | $26,730 |
| 2019 | $1,892 | $31,550 | $4,820 | $26,730 |
| 2018 | $1,893 | $31,550 | $4,820 | $26,730 |
| 2017 | $1,852 | $29,100 | $6,220 | $22,880 |
Source: Public Records
Agents Affiliated with this Home
-
Danielle Preyss
-
Greg Erlanger
Buyer's Agent in 2024
Greg Erlanger
Keller Williams Citywide
(216) 570-3270
98 in this area
3,658 Total Sales
Map
Source: MLS Now (Howard Hanna)
MLS Number: 5075822
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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