2 months on rocket

1777 E 37th St, Lorain, OH, 44055

$164,900

Home List Price

$1,958*

Closing Credit

4 Bedrooms
2 Full Baths
1,560 SqFt
$106/SqFt
Multi

Location

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1777 E 37th St, Lorain$164,900

Buyer Closing Credits

$1,958*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1942
HeatingForced Air
CoolingNone
MLS #5068756
Lot Size0.27 Acres
StatusActive

About 1777 E 37th St

Welcome to this fully renovated duplex, meticulously updated from top to bottom! This property offers two identical units, each featuring 2 bedrooms and 1 bathroom, perfect for investors or owner-occupants looking to offset their mortgage with rental income. Inside, you'll find brand new everything—from the windows and doors to the flooring and bathrooms, offering a modern and fresh feel throughout. The floor joists have been replaced to ensure a solid foundation for years to come, as well as a new furnace. The property also boasts a spacious backyard, perfect for outdoor entertaining or gardening, and off street parking, offering added appeal for tenants. With gross rental potential of $2,400/month, this is an excellent opportunity to generate steady income. Move-in ready and full of upgrades, this duplex is a prime investment waiting for its new owner with nothing to do other than find your future tenants! Don’t miss out on this turn-key opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1942
  • Stories: 1
  • Living Area: 1,560 SqFt

Listing Office:

  • Office Name: Century 21 Transcendent Realty
  • Office Email: lorenz.steinbacher@gmail.com
  • Listing Agent: Larry Steinbacher

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Back Yard, Garden
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Right on Pearl Rd and left to E 37th

Price Information

Listing Price Info

Price Summary:

  • List Price: $164,900
  • Price Per SqFt: $106/SqFt

Tax Information:

  • Annual Amount: $599
  • 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

1777 E 37th St vs Lorain

64 DAYS ON ROCKET

+22 Days

$164,900

+$19.9K More

$106/SqFt

+$7 More

KEY TAKEAWAY

This property is $19.9K more than the Median Sold Price and $7/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: #5068756

Listing Office:

  • Office Name: Century 21 Transcendent Realty
  • Office Email: lorenz.steinbacher@gmail.com
  • Listing Agent: Larry Steinbacher

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, 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

Tax History

YEARPROP. TAXASSESSMENT
2020$599$19,470
2019$596$19,475
2018$599$19,475
2017$412$15,414

History based on county public records data.

Payment Calculator

$891

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$561

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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-366534
3
/10

  • Stevan Dohanos Elementary School

  • 1625 E 32nd St

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-366535
5
/10

  • Palm Elementary School

  • 2319 E 34th St

  • 1.12 miles

  • Public District Grades PK-5

school-card-donut-366536
4
/10

  • Helen Steiner Rice Elementary School

  • 4500 Tacoma Ave

  • 1.50 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 $21,536. The majority of Lorain, OH residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Lorain County›Lorain›44055›1777 E 37th St

This home is located at 1777 E 37th St in Lorain, OH and zip code 44055. This 1,560 square foot home, which was built in 1942, sits on a 0.27 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $164,900.

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. In October 2024 in Lorain, OH there were 9.8% more homes for sale than in September 2024. In October 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $145,000.

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

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