1 month on rocket

380 N Ridge Rd, Lorain, OH, 44053

$265,900

Home List Price

$3,158*

Closing Credit

5 Bedrooms
3 Full Baths
4,550 SqFt
$58/SqFt
Multi

Location

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380 N Ridge Rd, Lorain$265,900

Buyer Closing Credits

$3,158*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingAdditional Parking, Garage
Year Built1978
HeatingElectric, Forced Air, Natural Gas
CoolingWall/Window Unit(s)
MLS #5084757
Lot Size6.20 Acres
StatusActive

About 380 N Ridge Rd

Rare opportunity for Real Estate investors. Several ways to optimize your profits. First floor offers 1,600 square foot open space that can be utilized as a business space or can be refigured for an apartment rental. Second floor has 2 units, 1100 sq feet each with 2 bedrooms each. All three units are vacant. This property is sitting on 6.2 acres. Lots of possibilities. Front of lot is zoned R3 and behind buildings is zones R1B. The house and outbuildings on east side of Triplex are not being sold and there will be a lot split after the purchase agreement is in place. This property is less than one mile from Route 2.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Stories: 2
  • Living Area: 4,550 SqFt

Listing Office:

  • Office Name: The Sweda Group, LLC.
  • Office Phone: (440) 654-3132
  • Listing Agent: Diane L Price

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, Garage

Lot Features

Lot Information:

  • Lot Size: 6.20 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: State route 2 to Middle Ridge Road. Then north to North Ridge, west on North Ridge Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,900
  • Price Per SqFt: $58/SqFt

Tax Information:

  • Annual Amount: $3,878
  • 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

380 N Ridge Rd vs Lorain

37 DAYS ON ROCKET

-2 Days

$265,900

+$119.1K More

$58/SqFt

-$43 Less

KEY TAKEAWAY

This property is $119.1K more than the Median Sold Price and $43/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: #5084757

Listing Office:

  • Office Name: The Sweda Group, LLC.
  • Office Phone: (440) 654-3132
  • Listing Agent: Diane L Price

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: 12/22/2024, 6:21:07 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$3,878$61,240
2019$3,698$61,244
2018$3,700$61,244
2017$4,273$64,110

History based on county public records data.

Payment Calculator

$1,395

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$864

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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-906748
3
/10

  • Garfield Elementary School

  • 200 W 31st St

  • 1.25 miles

  • Public District Grades PK-5

school-card-donut-906749
4
/10

  • Toni Wofford Morrison Elementary School

  • 1830 W 40th St

  • 1.61 miles

  • Public District Grades PK-5

school-card-donut-906750
3
/10

  • Stevan Dohanos Elementary School

  • 1625 E 32nd St

  • 1.69 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 $49,703. The majority of Lorain, OH residents have income between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Lorain County›Lorain›44053›380 N Ridge Rd

This home is located at 380 N Ridge Rd in Lorain, OH and zip code 44053. This 4,550 square foot home, which was built in 1978, sits on a 6.20 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $265,900.

In November 2024, from all listings sold in Lorain, OH there were more than 33 sold above asking price, over 27 sold below and more than 13 were sold right at the asked price. The number of listings in Lorain, OH increased by 3.4% between October 2024 and November 2024. In November 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $146,800.

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

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