Linda Armstrong
RE/MAX Quality Realty
(419) 871-5966
275 Total Sales
1 in Lorain
$185,000 Price
631 Root Rd Lorain, OH 44052
Lorain AreaEstimated Value: $167,000 - $185,789
4
Beds
4
Baths
1,768
Sq Ft
$99/Sq Ft
Est. Value
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
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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
- Duplex
- Shingle Roof
- Asphalt Roof
- Cedar Siding
- Cedar
Interior Spaces
- 1,768 Sq Ft Home
- 2-Story Property
- Range
- Laundry on main level
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
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
Listed on
Oct 7, 2024
Closed on
Nov 6, 2024
Sold by
Bought by
Seller's Agent
Danielle Preyss
Howard Hanna
Buyer's Agent
Greg Erlanger
Keller Williams Citywide
List Price
$154,900
Sold Price
$166,500
Premium/Discount to List
$11,600
7.49%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,947
Avg. Annual Appreciation
2.73%
Original Mortgage
$124,875
Outstanding Balance
$122,324
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$52,123
Purchase Details
Closed on
Jun 6, 2022
Sold by
Bought by
Purchase Details
Closed on
Jul 25, 2002
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
$81,600
Interest Rate
6.8%
Purchase Details
Closed on
Apr 11, 2001
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Linda Armstrong
-
Heather Spangler
Heather Spangler
McDowell Homes Real Estate Services
(216) 238-3174
102 Total Sales
19 in Lorain
$32K - $300K Price Range
-
Ed Haynes
Ed Haynes
Berkshire Hathaway HomeServices Professional Realty
(419) 484-3140
117 Total Sales
1 in Lorain
$128,000 Price
-
Kyle Cutler
Kyle Cutler
EXP Realty, LLC.
(440) 732-4178
235 Total Sales
3 in Lorain
$85K - $327K Price Range
-
Kelly Mahoney
Kelly Mahoney
The Agency Cleveland Northcoast
(234) 815-1010
108 Total Sales
1 in Lorain
$60,000 Price
-
Kit Custer
Kit Custer
RE/MAX Transitions
(234) 233-7729
58 Total Sales
2 in Lorain
$64K - $119K Price Range
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 |
|---|---|---|---|
| $166,500 | None Listed On Document | ||
| $95,000 | New Title Company Name | ||
| $102,000 | Guardian Title | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $124,875 | ||
| Previous Owner | $81,600 |
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 |
|---|---|---|---|---|
| 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
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 | $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
Seller's Agent in 2024
Danielle Preyss
Howard Hanna
(440) 552-6644
28 Total Sales
-
Greg Erlanger
Buyer's Agent in 2024
Greg Erlanger
Keller Williams Citywide
(216) 570-3270
3,466 Total Sales
Map
Source: MLS Now (Howard Hanna)
MLS Number: 5075822
APN: 03-00-031-105-041
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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