$105,000
SOLD JAN 3, 2025

642 Lake Ave Elyria, OH 44035

3 Beds
1 Bath
1,264 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

16% Below List Price

115 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System

About This Home

As of January 2025

This cozy 3 bedroom single family home has new LVP flooring! Spacious eat-in kitchen! First floor laundry room for convenience. There is a generous first floor bedroom with closet. The upper level has two bedrooms and a bonus area. The lot has trees to offer shade during the summer months. Lots of windows for natural lighting.

Last Agent to Sell the Property

Richard Lyle

Hi-Tech Realty, Ltd. Brokerage Email: 216-570-2812 luke.lyle@yahoo.com License #2011001010 Listed on: 07/26/2024

Last Buyer's Agent

Marcella Musat

Russell Real Estate Services License #2016005733

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,325

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,264 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Lake Ave Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06-24-084-103-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,325

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • Attribution Contact: 216-570-2812 luke.lyle@yahoo.com
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Lake Ave Estates
  • Above Grade Finished Sq Ft: 1264.0
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.16
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-24-084-103-006
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2325.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Dec 16, 2024
Sold by
Prft Corp
Bought by
Mcdermott Sean Edward
Seller's Agent
Richard Lyle
Hi-Tech Realty, Ltd.
Buyer's Agent
Marcella Musat
Russell Real Estate Services
List Price
$124,500
Sold Price
$105,000
Premium/Discount to List
-$19,500
-15.66%
Views
163
Current Estimated Value
$108,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,763
Avg. Annual Appreciation
3.62%
Original Mortgage
$101,850
Outstanding Balance
$101,049
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$7,714

Purchase Details

Closed on
Sep 19, 2018
Sold by
Vasi Louis M and Brada John P
Bought by
Prft Corp

Purchase Details

Closed on
Feb 24, 1997
Sold by
Dotson Cornell
Bought by
Vasi Louis M and Brada John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 1997
Sold by
Dotson Cornell
Bought by
Vasi Louis M and Brada John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $105,000 None Listed On Document
Warranty Deed $18,500 Innovative Title & Escrowsvc
Warranty Deed $18,500 Innovative Title & Escrow Sv
Deed $19,000 --
Deed $19,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $101,850 New Conventional
Previous Owner $45,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2025 01/03/25 Sold $105,000 -4.1% $83 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
11/05/2024 11/05/24 Price Changed $109,500 -4.7% $87 / Sq Ft
08/30/2024 08/30/24 Price Changed $114,950 -7.7% $91 / Sq Ft
08/05/2024 08/05/24 For Sale $124,500 0.0% $98 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $124,500 -- $98 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $1,619 $33,394 $6,395 $26,999
2023 $1,203 $20,815 $3,549 $17,266
2022 $1,183 $20,815 $3,549 $17,266
2021 $1,194 $20,815 $3,549 $17,266
2020 $1,130 $17,370 $2,960 $14,410
2019 $1,083 $17,370 $2,960 $14,410
2018 $1,021 $17,370 $2,960 $14,410
2017 $958 $14,710 $2,780 $11,930
2016 $946 $14,710 $2,780 $11,930
2015 $888 $14,710 $2,780 $11,930
2014 $923 $15,480 $2,920 $12,560
2013 $915 $15,480 $2,920 $12,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5056710

MLS Now

APN: 06-24-084-103-006