2 months on rocket

1231 W 5th St, Lorain, OH, 44052

$119,900

Home List Price

$1,424*

Closing Credit

3 Bedrooms
3 Full Baths
Multi

Location

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1231 W 5th St, Lorain$119,900

Buyer Closing Credits

$1,424*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway
Year Built1923
HeatingOther
CoolingOther
BasementYes
MLS #5073029
Lot Size0.25 Acres
StatusActive

About 1231 W 5th St

Turnkey Triplex. Tons of money to be made on this one. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Local & out of state investors welcome!

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 2

Listing Office:

  • Office Name: The Holton-Wise Property Group LLC
  • Office Email: Sales@holtonwise.com
  • Listing Agent: James P Wise

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Head South at the Grand Army of the Republic Hwy & Oberlin Ave intersection. Turn West onto W 5th.

Price Information

Listing Price Info

Price Summary:

  • List Price: $119,900

Tax Information:

  • Annual Amount: $1,239
  • 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

$146.8K

Med. Price/SqFt

$101

Avg. Days On Market

39

# of Sold Homes

73

1231 W 5th St vs Lorain

84 DAYS ON ROCKET

+45 Days

$119,900

-$26.9K Less

KEY TAKEAWAY

This property is $26.9K less than the Median Sold Price in Lorain, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5073029

Listing Office:

  • Office Name: The Holton-Wise Property Group LLC
  • Office Email: Sales@holtonwise.com
  • Listing Agent: James P Wise

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: 12/18/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 27, 2021Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,239$20,550
2019$1,232$20,549
2018$1,232$20,549
2017$1,385$21,757

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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NMLS#3030

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-89138
3
/10

  • Constellation Schools: Lorain Community Elementary School

  • 1110 W 4th St

  • 0.19 miles

  • Public Charter Grades KG-4

school-card-donut-89139
3
/10

  • Admiral King Elementary School

  • 720 Washington Ave

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-89140
3
/10

  • Hawthorne Elementary School

  • 610 W 20th St

  • 1.05 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 $48,636. Residents of Lorain, OH typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Lorain County›Lorain›44052›1231 W 5th St

This home is located at 1231 W 5th St in Lorain, OH and zip code 44052. This home, which was built in 1923, sits on a 0.25 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $119,900.

In November 2024 more than 33 listings in Lorain, OH were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 27 were sold below. Between October 2024 and November 2024, Lorain, OH real estate market has seen increase in the number of listings by 3.4%. In November 2024 median list price was $146,800 and the average listing age was 39 days.

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

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