2 months on rocket

Sale Pending

1222 W 5th St, Lorain, OH, 44052

$89,000

Home List Price

$1,057*

Closing Credit

4 Bedrooms
2 Full Baths
2,468 SqFt
$36/SqFt
Multi
Schools Nearby

Location

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1222 W 5th St, Lorain$89,000

Buyer Closing Credits

$1,057*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached, Electricity, Garage, Paved
Garage2 spaces
Year Built1900
HeatingForced Air, Natural Gas, Hot Water, Steam
CoolingCeiling Fan(s), None
BasementYes
MLS #5018706
Lot Size0.22 Acres
StatusSale Pending
(Pending)

About 1222 W 5th St

Multiple offers: highest/best offers by 2:00pm EST 2/23/24. Great opportunity to live the American Dream - passive income is a plus these days! Both units tenant occupied with decent sized backyard and deck in rear. Traditional renters within. Flowing floorplan New entry doors on down unit. Needs some repairs/cosmetics. Full basement access through down unit. Longer term tenant. Upstairs tenant may desire to move at lease expiration. Partially fenced. Good overall size, lots of kitchen cabinet/counter top space. Seller is selling as is condition with no repairs regardless of any inspections. Do not disturb tenants. Buyers to perform own due diligence and verify all property condition and information. Properties are available as a portfolio as well. Inquire with listing agent. MLS #5018959 ,#5018881,#5018757,#5018618,#5018346,#5018346,#5018706,#5018353,#5018743.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 2,468 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Hot Water, Steam
  • Cooling: Ceiling Fan(s), None

School Info

Assigned Schools Information:

  • Lorain High School, Public District Grades 9-12
  • General Johnnie Wilson Middle School, Public District Grades 7-8
  • Admiral King Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: West of Oberlin AVE. South of Route 2

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,000
  • Price Per SqFt: $36/SqFt

Tax Information:

  • Annual Amount: $1,315
  • 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

$139.4K

Med. Price/SqFt

$92

Avg. Days On Market

40

# of Sold Homes

66

1222 W 5th St vs Lorain

68 DAYS ON ROCKET

+28 Days

$89,000

-$50.4K Less

$36/SqFt

-$57 Less

KEY TAKEAWAY

This property is $50.4K less than the Median Sold Price and $57/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: #5018706

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: 4/29/2024, 12:25:19 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

Nov 27, 2019Home Sold
$821,000
Aug 22, 2011Home Sold
$25,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,315$21,800
2019$1,307$21,799
2018$1,307$21,799
2017$1,141$17,931

History based on county public records data.

Payment Calculator

$512

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$333

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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.

Elementary School

school-card-donut-2764672
3
/10

  • Admiral King Elementary School

  • 1953 W 11th St

  • 0.75 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2764673
4
/10

  • General Johnnie Wilson Middle School

  • 2700 Washington Ave

  • 1.31 miles

  • Public District Grades 7-8

High School

school-card-donut-2764674
3
/10

  • Lorain High School

  • 2600 Ashland Ave

  • 1.30 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,636. Typical income of Lorain, OH residents is between $35k-100k annually. The majority of 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

Rocket Homes›Ohio›Lorain County›Lorain›44052›1222 W 5th St

This home is located at 1222 W 5th St in Lorain, OH and zip code 44052. This 2,468 square foot home, which was built in 1900, sits on a 0.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $89,000.

While more than 26 listings in Lorain, OH in March 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 24 were sold below. The number of homes for sale in Lorain, OH increased by 8.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $139,433, while the average time on the real estate market was 40 days.

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

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