NOT LISTED FOR SALE

700 Lakeside Ave Lorain, OH 44052

Lorain Area
3 Beds
2 Baths
1,864 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: November 23, 2021

Last sale price $44,000 $24 Per Sq Ft

78 Days on Market

About This Home

As of November 2021

Attention investors! Cash flowing duplex with a 3rd storage unit available for sale. This investment is truly a cash cow. Run the numbers, the cash on cash return in Lorain is far higher than what you'll see in other markets. Email agent for rent roll & video tour along with complete investment analysis, drone footage of the roof & surrounding neighborhood as well as information on the mechanical systems of the building. Do not disturb the tenants. Professional property management available. Local & out of state investors welcome!

Last Agent to Sell the Property

James Wise

The Holton-Wise Property Group LLC License #2015001161 Listed on: 06/21/2021

Last Buyer's Agent

Timothy Kassouf

New Hope Realty License #431542

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Henry Wursts Add Community

Listing and Financial Details

  • Assessor Parcel Number 02-01-002-103-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry: 2

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 1

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Henry Wursts Add

Schools

  • School District: Lorain CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2000
  • Parcel Number: 02-01-002-103-042

Multi Family

  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1305

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
Jun 21, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Seller's Agent
James Wise
The Holton-Wise Property Group LLC
Buyer's Agent
Timothy Kassouf
New Hope Realty
List Price
$69,900
Sold Price
$44,000
Premium/Discount to List
-$25,900
-37.05%

Purchase Details

Closed on
Nov 7, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2004
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
$52,000
Interest Rate
0.0634%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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

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
$49,000 None Available
$60,000 Innovative Ttl & Esrow Svcs
$65,000 --
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 $52,000
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
11/23/2021 11/23/21 Sold $44,000 -26.5% $24 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $59,900 -14.3% $32 / Sq Ft
09/25/2021 09/25/21 Price Changed $69,900 0.0% $38 / Sq Ft
09/25/2021 09/25/21 For Sale $69,900 -22.2% $38 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $89,900 +104.3% $48 / Sq Ft
06/21/2021 06/21/21 Off Market $44,000 -- --
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 $3,187 $75,418 $14,102 $61,317
2023 $1,301 $24,626 $10,532 $14,095
2022 $1,290 $24,626 $10,532 $14,095
2021 $1,290 $24,626 $10,532 $14,095
2020 $1,243 $20,610 $8,810 $11,800
2019 $1,236 $20,610 $8,810 $11,800
2018 $1,236 $20,610 $8,810 $11,800
2017 $1,521 $23,900 $7,250 $16,650
2016 $1,509 $23,900 $7,250 $16,650
2015 $1,406 $23,900 $7,250 $16,650
2014 $1,403 $23,900 $7,250 $16,650
2013 $1,392 $23,900 $7,250 $16,650
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4290922

MLS Now

APN: 02-01-002-103-042

Your Personal Tour Guide

Ask me questions while you tour the home.