6 months on rocket

1348 W Erie Ave, Lorain, OH, 44052

$299,000

Home List Price

$3,551*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
2,096 SqFt
$143/SqFt
House

Location

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1348 W Erie Ave, Lorain$299,000

Buyer Closing Credits

$3,551*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage, Paved, Garage Faces Side
Garage2 spaces
Year Built1924
HeatingForced Air, Fireplace(s), Natural Gas
CoolingCentral Air
BasementYes
FireplaceFamily Room, Gas Log, Recreation Room, Gas
ViewLake
MLS #5034270
Lot Size0.17 Acres
StatusActive

About 1348 W Erie Ave

Welcome to a piece of living history just 5 minutes walking distance to Lakeview Park, Lorain’s beautiful lakefront beach! This meticulously restored historical residence blends old-world charm with modern day amenities. Once the residence of famous local architect, Henry O. Wurmser, this home was originally built in the 1840’s, rebuilt after the Lorain Tornado of 1924, and is now available – remodeled and ready for you! Here, functional upgrades (HVAC, electric, and plumbing) complement restored features like the flooring, banisters, fireplace, trim, sconces, and doors. A patio under the tree is ideal for al fresco dining alongside a spacious deck to entertain in a secluded setting with lake views. Plus, the 4th bedroom offers versatility in use. As a stand-alone structure between the home and garage, will you leverage it as a bedroom, office, rental unit, or guest suite? The seller is willing to remodel this secondary structure to buyer specifications for an additional fee. What’s more? The property comes with a 10-year tax abatement and qualified buyers can own this home for ~$1,382 a month, which comes with 5% down payment funds. Ready to own this rare gem?

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1924
  • Stories: 2
  • Living Area: 2,096 SqFt

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (440) 821-7985
  • Listing Agent: Edward J Golden

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: Yes
  • Interior: Breakfast Bar, Chandelier, Entrance Foyer, Eat-in Kitchen, Granite Counters, In-Law Floorplan, Kitchen Island, Recessed Lighting, Smart Home
  • Fireplace: Family Room, Gas Log, Recreation Room, Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Lake
  • Exterior: Deck, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Garage, Paved, Garage Faces Side

Lot Features

Lot Information:

  • Lot: Back Yard, Corner Lot, Front Yard, Garden
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s), Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Lake Rd to Ashland Ave; Home is on the corner of Ashland and W Erie

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,000
  • Price Per SqFt: $143/SqFt

Tax Information:

  • Annual Amount: $1,739
  • 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

1348 W Erie Ave vs Lorain

196 DAYS ON ROCKET

+154 Days

$299,000

+$154K More

$143/SqFt

+$44 More

KEY TAKEAWAY

This property is $154K more than the Median Sold Price and $44/SqFt more than other homes in Lorain, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5034270

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (440) 821-7985
  • Listing Agent: Edward J Golden

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: 11/15/2024, 1:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,739$27,470
2019$786$13,126
2018$1,615$26,926
2017$2,222$29,824

History based on county public records data.

Payment Calculator

$1,560

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$963

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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-334117
3
/10

  • Constellation Schools: Lorain Community Elementary School

  • 1110 W 4th St

  • 0.31 miles

  • Public Charter Grades KG-4

school-card-donut-334118
3
/10

  • Admiral King Elementary School

  • 720 Washington Ave

  • 0.50 miles

  • Public District Grades PK-5

school-card-donut-334119
3
/10

  • Hawthorne Elementary School

  • 610 W 20th St

  • 1.17 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. Most 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

Frequently Asked Questions About 1348 W Erie Ave

What is the listing price of this property?

The listing price of 1348 W Erie Ave property is $299,000.

What type of property is this?

The property 1348 W Erie Ave is a house located in Lorain, Ohio, 44052.

Is this property for sale now?

Active Listing: 1348 W Erie Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,739 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1348 W Erie Ave has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1348 W Erie Ave is 2,096 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1348 W Erie Ave is 1924.

Rocket Homes›Ohio›Lorain County›Lorain›44052›1348 W Erie Ave

This home is located at 1348 W Erie Ave in Lorain, OH and zip code 44052. This 2,096 square foot home, which was built in 1924, sits on a 0.17 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $299,000.

In October 2024, from all listings sold in Lorain, OH there were more than 18 sold above asking price, over 23 sold below and more than 16 were sold right at the asked price. The number of listings in Lorain, OH increased by 9.8% between September 2024 and October 2024. 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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