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1912 E 40th St, Lorain, OH, 44055

$125,000

Home List Price

$1,484*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,580 SqFt
$79/SqFt
House
Schools Nearby

Location

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1912 E 40th St, Lorain$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage, Paved
Garage2 spaces
Year Built1971
HeatingBaseboard, Natural Gas
CoolingCentral Air
BasementYes
MLS #5018743
Lot Size0.17 Acres
StatusActive

About 1912 E 40th St

Investors - take note - this tenant occupied home can provide nice passive income. Rent is $1,400/month. Tenant pays all utilities/water/sewer. Lease expires 5/31/24. Tenant would like to stay. Flowing floorplan in this bilevel style property. Decent sized backyard. Maintained home. Do not disturb tenants. Property being sold as-is/where-is condition and Seller will not make any repairs regardless of any inspection results. Conv/DSCR/cash ok. 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,#5018353,#5018743.

Property Details

Property Features

Property Information:

  • Architectural Style: Bi-Level
  • Year Built: 1971
  • Stories: 1
  • Living Area: 1,580 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:

  • 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: Detached, Garage, Paved

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Lorain High School, Public District Grades 9-12
  • Longfellow Middle School, Public District Grades 7-8
  • Palm Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: North of Seneca, south of Homewood E 42 to Seneca, right on E 40th.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $79/SqFt

Tax Information:

  • Annual Amount: $1,523
  • 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

1912 E 40th St vs Lorain

65 DAYS ON ROCKET

+25 Days

$125,000

-$14.4K Less

$79/SqFt

-$14 Less

KEY TAKEAWAY

This property is $14.4K less than the Median Sold Price and $14/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: #5018743

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: 4/28/2024, 1:25:20 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

Feb 18, 2010Home Sold
$38,100

Tax History

YEARPROP. TAXASSESSMENT
2020$1,523$25,250
2019$1,514$25,256
2018$1,514$25,256
2017$1,505$23,650

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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-2298408
5
/10

  • Palm Elementary School

  • 2319 E 34th St

  • 0.83 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2298409
5
/10

  • Longfellow Middle School

  • 305 Louisiana Ave

  • 3.04 miles

  • Public District Grades 7-8

High School

school-card-donut-2298410
3
/10

  • Lorain High School

  • 2600 Ashland Ave

  • 3.25 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 $21,536. Residents of Lorain, OH typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1912 E 40th St

What is the listing price of this property?

The listing price of 1912 E 40th St property is $125,000.

What type of property is this?

The property 1912 E 40th St is a house located in Lorain, Ohio, 44055.

Is this property for sale now?

Active Listing: 1912 E 40th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1912 E 40th St are:
Palm Elementary School: GreatSchools Rating 5/10
Longfellow Middle School: GreatSchools Rating 5/10
Lorain High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,523 (source: MLS/based on county public records data).

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

The last sale was on February 18, 2010 for $38,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1912 E 40th St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1912 E 40th St is 1,580 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1912 E 40th St is 1971.

Rocket Homes›Ohio›Lorain County›Lorain›44055›1912 E 40th St

This home is located at 1912 E 40th St in Lorain, OH and zip code 44055 in the Oakwood Acres neighborhood. This 1,580 square foot home, which was built in 1971, sits on a 0.17 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $125,000.

In March 2024 more than 26 listings in Lorain, OH were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 24 were sold below. Between February 2024 and March 2024, Lorain, OH real estate market has seen increase in the number of listings by 8.2%. In March 2024 median list price was $139,433 and the average listing age was 40 days.

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

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