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1943 Madison Ave, Lorain, OH, 44053

$119,900

Home List Price

$1,424*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,008 SqFt
$119/SqFt
House

Location

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1943 Madison Ave, Lorain$119,900

Buyer Closing Credits

$1,424*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDrive Through, Detached, Garage
Garage2 spaces
Year Built1955
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #5086971
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Contingent)

About 1943 Madison Ave

Welcome to this charming ranch-style home, perfect for anyone looking for comfort and potential! This 3-bedroom, 1-bathroom home features a living room with a large window that fills the space with natural light, and beautiful wood flooring that adds warmth throughout. The galley kitchen offers plenty of counter space for meal prep and a cozy dining area with window that lets in fresh air and views of the backyard. The master bedroom offers carpeting, while the two additional bedrooms boast lovely wood floors, offering a cozy retreat for family or guests. The bathroom features a large walk-in shower, providing convenience and luxury. The unfinished basement provides a blank canvas, with ample space to create an additional living area, office, or hobby space—whatever fits your needs! Plus, there’s a bathroom area in the laundry room for added convenience. Outside, you'll find a detached 2-car garage with extra storage space, offering room for tools, gear, or even a small workshop. The corner lot provides extra privacy and a larger yard for outdoor activities, gardening, or future expansion. Don’t miss your chance to make it your own!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,008 SqFt

Listing Office:

  • Office Name: RE/MAX Transitions
  • Office Phone: (440) 529-9577
  • Listing Agent: Mark G Fetterman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Drive Through, Detached, Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Rt6 just West of SR 58 (Leavitt Road), Corner of Madison and Edith

Price Information

Listing Price Info

Price Summary:

  • List Price: $119,900
  • Price Per SqFt: $119/SqFt

Tax Information:

  • Annual Amount: $1,611
  • 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

$147.6K

Med. Price/SqFt

$101

Avg. Days On Market

42

# of Sold Homes

62

1943 Madison Ave vs Lorain

43 DAYS ON ROCKET

+1 Day

$119,900

-$27.7K Less

$119/SqFt

+$17 More

KEY TAKEAWAY

This property is $27.7K less than the Median Sold Price and $17/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: #5086971

Listing Office:

  • Office Name: RE/MAX Transitions
  • Office Phone: (440) 529-9577
  • Listing Agent: Mark G Fetterman

IDXCopyright 2025 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: 1/6/2025, 9:21:04 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

Oct 02, 2020Home Sold
$80,400
Jun 23, 2020Home Sold
$26,000
Jul 01, 2016Home Sold
$85,000
Dec 29, 2015Home Sold
$27,300
May 14, 2007Home Sold
$100,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,611$27,400
2019$1,601$27,398
2018$1,601$27,398
2017$1,599$25,785

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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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-746483
2
/10

  • Frank Jacinto Elementary School

  • 2515 Marshall Ave

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-746484
4
/10

  • Washington Elementary School

  • 1025 W 23rd St

  • 1.24 miles

  • Public District Grades PK-5

school-card-donut-746485
4
/10

  • Toni Wofford Morrison Elementary School

  • 1830 W 40th St

  • 1.27 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 $39,871. The majority of Lorain, OH residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1943 Madison Ave

What is the listing price of this property?

The listing price of 1943 Madison Ave property is $119,900.

What type of property is this?

The property 1943 Madison Ave is a house located in Lorain, Ohio, 44053.

Is this property for sale now?

Accepting Backup Offers: 1943 Madison Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,611 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 2, 2020 for $80,400. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1943 Madison Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1943 Madison Ave is 1,008 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1943 Madison Ave is 1955.

Rocket Homes›Ohio›Lorain County›Lorain›44053›1943 Madison Ave

This home is located at 1943 Madison Ave in Lorain, OH and zip code 44053 in the Lake View neighborhood. This 1,008 square foot home, which was built in 1955, sits on a 0.17 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 24, 2024 and is currently priced at $119,900.

While more than 24 listings in Lorain, OH in December 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 27 were sold below. The number of listings in Lorain, OH decreased by 15.2% between November 2024 and December 2024. In December 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $147,666.

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

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