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Backup Offers

504 Washington Ave, Lorain, OH, 44052

$115,000

Home List Price

$1,366*

Closing Credit

5 Bedrooms
3 Full Baths
Multi
Schools Nearby

Location

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504 Washington Ave, Lorain$115,000

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Site, Parking Pad, Unpaved
Year Built1900
HeatingElectric, Forced Air, Natural Gas
CoolingCeiling Fan(s)
BasementYes
MLS #5023608
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Contingent)

About 504 Washington Ave

Wow great investment opportunity for new Investor or Investor looking to add to their Portfolio!! Live in one unit and rent the other 2 units out or rent all 3 units for maximum income opportunity! This Triplex offers two, 2-bedroom 1 bath units, one, 1 bedroom 1 bath unit. Each unit has its own meter, electrical panel, and individual heat source. This property is conveniently located minutes from Newly developed Downtown, Restaurants, the beautiful Lake Erie, Marina's & so much more! Schedule your showings today!

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 340-1804
  • Listing Agent: Ralph Mercado

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: On Site, Parking Pad, Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s)

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: W ERIE AVE TO WASHINGTON AVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000

Tax Information:

  • Annual Amount: $1,258
  • 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

504 Washington Ave vs Lorain

45 DAYS ON ROCKET

+5 Days

$115,000

-$24.4K Less

KEY TAKEAWAY

This property is $24.4K less than the Median Sold Price in Lorain, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5023608

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 340-1804
  • Listing Agent: Ralph Mercado

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

Aug 05, 2004Home Sold
$35,000
Aug 05, 2004Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,258$20,860
2019$1,250$20,864
2018$1,251$20,864
2017$1,320$20,745

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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-2760489
3
/10

  • Admiral King Elementary School

  • 1953 W 11th St

  • 1.02 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2760490
4
/10

  • General Johnnie Wilson Middle School

  • 2700 Washington Ave

  • 1.30 miles

  • Public District Grades 7-8

High School

school-card-donut-2760491
3
/10

  • Lorain High School

  • 2600 Ashland Ave

  • 1.42 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 $20,084. Typical income of Lorain, OH residents is less than $35k annually. Most families are single, no kids. 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›44052›504 Washington Ave

This home is located at 504 Washington Ave in Lorain, OH and zip code 44052 in the Durand's Plant of Charleston neighborhood. This home, which was built in 1900, sits on a 0.10 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $115,000.

In March 2024, from all listings sold in Lorain, OH there were more than 26 sold above asking price, over 24 sold below and more than 16 were sold right at the asked price. The number of listings in Lorain, OH increased by 8.2% between February 2024 and March 2024. 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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