See Home Value
Lorain 44055
2627 E 40th Street
$115,000*
House - Off Market

2627 E 40th Street

Lorain, OH 44055
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1188 Sqft
$104,000 - $126,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Dec 06, 2021
$75,000
$63,750 by Navy Fcu
Mortgage Due Jan 01, 2037
Sold Mar 16, 2004
$17,000
$86,000 by Firstmerit Mortgage Corp
Mortgage Due Oct 01, 2034

About This Property

Are you looking to start investing into real estate or add a great rental to your portfolio? Or are you seeking an open floor concept and single floor living? Look no more! This lovely three bedroom two bath home is nestled on a cul de sac. The home features wood-look floors in most rooms. The spacious kitchen boasts ample counter and cabinet space. Recent updates include a new roof and bathroom remodel in 2022. The home is currently tenant occupied with their lease expiring at the end of December 2023. Tenants are willing to relocate if the buyer desires.

The manager has listed the unit size as 1188 square feet.
Unit Size
1,188Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$97
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2004

Price History

Date / Event Date Event Price
Nov 2, 2023 No longer available -
No longer available
Aug 23, 2023 Relisted $115,000
Relisted
Jul 24, 2023 In contract -
In contract
Apr 30, 2023 Listed $115,000
Listed
Dec 6, 2021 Sold to Aaron Maust $75,000
Sold to Aaron Maust
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: E
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,912
  • Lot Size Depth Feet: 1,760
  • Lot Size Frontage Feet: 393
  • Total Building Area: 1,188
  • Gross Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,188
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HOMEWOOD 2
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: HOMEWOOD 2 39.27 X 176

Ownership

  • Current Owner : MAUST AARON
  • Previous Owner : HAMILTON RANDALL E
  • Previous Owner 2: HAMILTON CRYSTAL N
  • Owner Before Previous Owner: DOUD DAVID J
  • Owner Before Previous Owner 2: DOUD LISA

Neighborhood

  • School District Name: Lorain City School District
  • Census Tract: 097500

Geography

  • Assessors Map Reference: 4203079B 21900
  • Parcel: 03-00-079-105-008
  • Block: 105
  • Lot: 430
  • Municipality: LORAIN CITY/LORAIN CSD
  • Latitude: 41.4346
  • Longitude: -82.1087

    Address

  • Full Address: 2627 E 40th St
  • Address - House Number: 2627
  • Street Direction: E
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: OH
  • City Name: Lorain
  • Carrier Code: C013
  • 4-Digit Zip Code: 2205
  • Zip Code: 44055

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,399
  • Tax Rate Code Area: 42

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 87
  • Final Value: 107,382
  • High Value: 119,751
  • Low Value: 95,012

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $63,750
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Loan Amount: $63,750
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2037

    Market Valuation

  • Market Total Value: $77,630
  • Market Land Value: $15,650
  • Market Improvement Value: $61,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,171
  • Assessed Land Value: $5,478
  • Assessed Improvements Value: $21,693

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11871596429
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-0852574
  • Previous Sale Recording Date: Mar 16, 2004
  • Previous Sale Contract Date: Mar 10, 2004
  • Previous Sale Amount: $17,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $63,750
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: FIRSTMERIT MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 16, 2004
  • Previous Mortgage Loan Amount: $86,000
  • Previous Mortgage Term: 366
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Oct 01, 2034



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
864 ft²
$116/ft²
$100,000 Apr 23, 2023
-
-

About Lorain


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Nearby Rentals

Unit for rent at 2503 Mayfield St 2, Lorain, OH, 44055

$1,300 /mo

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  • 1.5 Baths
2503 Mayfield St 2 #Unit 2, Lorain, OH, 44055 Listing by Manager
Unit for rent at 1772 - 1774 E 32nd St, Lorain, OH, 44055

$1,275 /mo

  • 4 Beds
  • 1.5 Baths
  • 1,272 ft²
1772 - 1774 E 32nd St #1772 - 1774 E 32nd St - 1772, Lorain, OH, 44055 Listing by Manager


Frequently Asked Questions

When was property at 2627 East 40th Street built and last sold?
The property at 2627 East 40th Street was built in 2004 and last sold on Nov 30, 2021 for $75,000.
How much is this home worth?
The estimated value of the home located at 2627 East 40th Street is $113,039.
What are some comparable homes to 2627 East 40th Street?
Homes that are comparable to 2627 East 40th Street include a house property at 2230 East 41st Street, located in Lorain, OH.

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