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2703 Homewood Drive

2703 Homewood Drive, Lorain, OH 44055
Property in Lorain
Sold Oct 13, 2017
Transfer
$52,923 by American Midwest Mortgage Corp
Mortgage Due Aug 01, 2042
Sold Jul 05, 2012
$53,900
$52,923 by American Midwest Mortgage Corp
Mortgage Due Aug 01, 2042
2703 Homewood Drive in Lorain, OH was first built in 1953 and is 71 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2703 Homewood Drive has 960 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 550 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 6,534 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a water system. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. Prior to that sales transaction, the property was also sold in Jun 20, 2012 for $53,900. 2703 Homewood Drive was last assessed in 2023. The total value of the property was assessed at $24,087. Specifically, the land the property is located on was valued at $6,164. While improvements on the property were assessed at a total of $17,924. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,272. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 550
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 960
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HOMEWOOD 2
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: HOMEWOOD 2 55 X 120

Ownership

  • Current Owner : WALDEN DEBORAH
  • Previous Owner : FRALEY BETTY L
  • Owner Before Previous Owner: KSENICH GEORGE S

Neighborhood

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

Geography

  • Assessors Map Reference: 4203079B 19700
  • Parcel: 03-00-079-105-018
  • Block: 105
  • Lot: 438
  • Municipality: LORAIN CITY/LORAIN CSD
  • Latitude: 41.4338
  • Longitude: -82.1087

    Address

  • Full Address: 2703 Homewood Dr
  • Address - House Number: 2703
  • Address - Street Name: Homewood
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Lorain
  • Carrier Code: C013
  • 4-Digit Zip Code: 2251
  • Zip Code: 44055

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,272
  • Tax Rate Code Area: 42

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 114,083
  • High Value: 141,605
  • Low Value: 86,561

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $52,923
  • First Open Lien Mortgage Lender: AMERICAN MIDWEST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 05, 2012
  • First Open Lien Mortgage Loan Amount: $52,923
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2042

    Market Valuation

  • Market Total Value: $68,820
  • Market Land Value: $17,610
  • Market Improvement Value: $51,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,087
  • Assessed Land Value: $6,164
  • Assessed Improvements Value: $17,924

    Sales

  • Current Sale Contract Date: Apr 01, 2015
  • Current Sale Recording Date: Oct 13, 2017
  • Current Sale Transaction ID: 11295768354
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017-0647695
  • Previous Sale Recording Date: Jul 05, 2012
  • Previous Sale Contract Date: Jun 20, 2012
  • Previous Sale Amount: $53,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Oct 13, 2017
  • First Mortgage Loan Amount: $56,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN MIDWEST MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 05, 2012
  • Previous Mortgage Loan Amount: $52,923
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2042

About Lorain



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Frequently Asked Questions

What neighborhood is 2703 Homewood Drive located in?
The 2703 Homewood Drive is a located in the neighborhood of Lorain in Lorain, Lorain.
What is the average sales price for listings in 2703 Homewood Drive?
The average sales price for units in 2703 Homewood Drive is $0 currently.

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