NOT LISTED FOR SALE

631 Root Rd Lorain, OH 44052

4 Beds
4 Baths
1,768 Sq Ft
9,148 Sq Ft Lot

Last Sold November 08, 2024

Last sale price $166,500 $94 Per Sq Ft

3 Days on Market

About This Home

As of November 2024

Welcome 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

Danielle Preyss

Howard Hanna Brokerage Email: daniellepreyss@howardhanna.com 440-552-6644 License #2013004343 Listed on: 10/07/2024

Howard Hanna

Last Buyer's Agent

Greg Erlanger

Keller Williams Citywide License #2004000516

Keller Williams Citywide

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,010

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1979
  • Attribution Contact: daniellepreyss@howardhanna.com 440-552-6644
  • Above Grade Finished Sq Ft: 1768.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement: No
  • Appliances: Range
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Shingle
  • Fencing: Chain Link
  • Acres: 0.21
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Cedar

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Paved

Utilities

  • LaundryFeatures: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-031-105-041
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 2010.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Danielle Preyss

    Seller's Agent in 2024

    Danielle Preyss

    Howard Hanna

    (440) 552-6644

    3 in this area

    30 Total Sales

    Danielle Preyss
    Section Image
  • Greg Erlanger

    Buyer's Agent in 2024

    Greg Erlanger

    Keller Williams Citywide

    (216) 570-3270

    99 in this area

    3,703 Total Sales

    Greg Erlanger
    Section Image
See All Agents

Map

Source: MLS Now (Howard Hanna)

MLS Number: 5075822

MLS Now (Howard Hanna)
Ohio Lorain County Lorain 44052

631 Root Rd, Lorain, OH

Not Listed for Sale

MultiFamily

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.

MLS Now (Howard Hanna) 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.

Nearby Homes