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1226 W Erie Ave, Lorain, OH, 44052

$89,900

Home List Price

$1,068*

Closing Credit

4 Bedrooms
3 Full Baths
1,938 SqFt
$46/SqFt
Multi

Location

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1226 W Erie Ave, Lorain$89,900

Buyer Closing Credits

$1,068*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1900
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
ViewLake
MLS #5085740
Lot Size0.17 Acres
StatusActive

About 1226 W Erie Ave

HANDYMAN SPECIAL!!! This up/down duplex with unlimited income potential consists of 2bedroom, 1 bath with walk up attic upstairs and 2-bedroom 2-bath unit downstairs. With all utilities separately metered, the potential for income generation is significant, making this home an attractive investment opportunity or your dream home ripe for renovation and customization: easily transform this property into a stunning 4-5 bedroom, 3-bath single-family residence that reflects your personal style. With endless possibilities for renovation and expansion, this home is ready for your vision. One of the standout features of this lakeside gem is the stunning view of the lake from the upper level, perfect for enjoying serene sunsets and tranquil mornings. The semi-fenced yard offers a canvas for landscaping enthusiasts or outdoor gatherings, ensuring privacy while still embracing the beauty of the natural surroundings. Schedule your appointment today.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,938 SqFt

Listing Office:

  • Office Name: The Sweda Group, LLC.
  • Office Phone: (440) 759-3499
  • Listing Agent: Tammy J Nemeth

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Lake

Parking Information:

  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: w I-90 W to OH-611 W/Colorado Ave in Avon. Take exit 151 from I-90W, Continue on Colorado Ave. Drive to E Erie Ave in Lorain,Use the right 2 lanes to turn right onto OH-611 W/Colorado Ave. Continue to follow Colorado Ave, turn left onto E Erie Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,900
  • Price Per SqFt: $46/SqFt

Tax Information:

  • Annual Amount: $1,515
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lorain, OH.

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Lorain, OH

City

Med. Sold Price

$145K

Med. Price/SqFt

$98

Avg. Days On Market

42

# of Sold Homes

57

1226 W Erie Ave vs Lorain

1 DAY ON ROCKET

-41 Days

$89,900

-$55.1K Less

$46/SqFt

-$53 Less

KEY TAKEAWAY

This property is $55.1K less than the Median Sold Price and $53/SqFt less than other homes in Lorain, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5085740

Listing Office:

  • Office Name: The Sweda Group, LLC.
  • Office Phone: (440) 759-3499
  • Listing Agent: Tammy J Nemeth

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 11, 2004Home Sold
$75,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,515$25,130
2019$1,506$25,127
2018$1,507$25,127
2017$1,795$28,211

History based on county public records data.

Payment Calculator

$516

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-175832
3
/10

  • Constellation Schools: Lorain Community Elementary School

  • 1110 W 4th St

  • 0.14 miles

  • Public Charter Grades KG-4

school-card-donut-175833
3
/10

  • Admiral King Elementary School

  • 720 Washington Ave

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-175834
3
/10

  • Hawthorne Elementary School

  • 610 W 20th St

  • 1.16 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,084. Typical income of Lorain, OH residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Lorain County›Lorain›44052›1226 W Erie Ave

This home is located at 1226 W Erie Ave in Lorain, OH and zip code 44052. This 1,938 square foot home, which was built in 1900, sits on a 0.17 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $89,900.

Over 18 listings were sold over their listed price in October 2024 in Lorain, OH. In the same period over 23 listings were sold below the listed price and 16 listings were sold for the listed price. Between September 2024 and October 2024, Lorain, OH real estate market has seen increase in the number of listings by 9.8%. The median list price of listings available in October 2024 was $145,000, while the average time on the real estate market was 42 days.

From Rocket Homes Real Estate and based on county public records data.

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