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Backup Offers

2224 E 31st St, Lorain, OH, 44055

$94,900

Home List Price

$1,127*

Closing Credit

3 Bedrooms
2 Full Baths
2,466 SqFt
$38/SqFt
Multi

Location

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2224 E 31st St, Lorain$94,900

Buyer Closing Credits

$1,127*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Paved
Year Built1900
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #5073960
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Contingent)

About 2224 E 31st St

Investors take note! New main roof and the upstairs unit has been renovated with new drywall and paint! This double has lots of potential for the investor seeking a ready to rent unit recently rehabbed. Longer term traditional tenant in the down unit $825/month and tenant would like to stay; the up unit is vacant. Large basement has plenty of storage and laundry hookups. Large backyard perfect for tenant recreational activities. Down unit has pass through to bathroom; could be additional bedroom. Seller will make no further repairs. Professional property mgmt in place. Do not disturb down tenant, this unit can be inspected after accepted offer.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 2,466 SqFt

Listing Office:

  • Office Name: Realtywise, Inc.
  • Office Email: rbauer@realtywise.com
  • Listing Agent: Rebecca L Bauer

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Paved

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Just north of Grove/Rt 57, south side of street

Price Information

Listing Price Info

Price Summary:

  • List Price: $94,900
  • Price Per SqFt: $38/SqFt

Tax Information:

  • Annual Amount: $945
  • 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

2224 E 31st St vs Lorain

31 DAYS ON ROCKET

-11 Days

$94,900

-$50.1K Less

$38/SqFt

-$61 Less

KEY TAKEAWAY

This property is $50.1K less than the Median Sold Price and $61/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: #5073960

Listing Office:

  • Office Name: Realtywise, Inc.
  • Office Email: rbauer@realtywise.com
  • Listing Agent: Rebecca L Bauer

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

Listing History

Oct 15, 2013Home Sold
$23,000

Tax History

YEARPROP. TAXASSESSMENT
2020$945$15,680
2019$939$15,674
2018$940$15,674
2017$1,009$15,866

History based on county public records data.

Payment Calculator

$541

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$351

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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-342683
5
/10

  • Palm Elementary School

  • 2319 E 34th St

  • 0.17 miles

  • Public District Grades PK-5

school-card-donut-342684
4
/10

  • Helen Steiner Rice Elementary School

  • 4500 Tacoma Ave

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-342685
3
/10

  • Stevan Dohanos Elementary School

  • 1625 E 32nd St

  • 1.37 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 $24,375. Residents of Lorain, OH typically earn less than $35k 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›44055›2224 E 31st St

This home is located at 2224 E 31st St in Lorain, OH and zip code 44055. This 2,466 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $94,900.

While more than 18 listings in Lorain, OH in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 23 were sold below. In October 2024 in Lorain, OH there were 9.8% more homes for sale than in September 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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