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3418 Magnolia Drive

3418 Magnolia Drive, Lorain, OH 44053
Property in Lorain
Sold Oct 08, 2019
$231,200
Sold May 01, 2019
$39,200
Local assessors in Lorain, OH have categorized 3418 Magnolia Drive as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 8,962 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 3418 Magnolia Drive has a total of 2,400 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 60 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3418 Magnolia Drive was last sold in Sep 17, 2019 for $231,200. According to our calculations, that's $93.98 per sqft. Prior to that sales transaction, the property was sold for $39,200 in Apr 30, 2019. Current property owners are expected to pay $1,077 in taxes per year. The property on 3418 Magnolia Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $20,913. To break that down further, the land itself was valued at $20,913. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 60
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,962
  • Total Building Area: 2,460
  • Gross Building Area: 2,484
  • Building Area: 2,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANDINGS AT MARTINS RUN SUB NO 4
  • Land Acres: 0.205
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LANDINGS AT MARTINS RUN SUB NO 4 50 X 191.90

Ownership

  • Current Owner : SANTIAGO MALLORY J
  • Current Owner 2: SANTIAGO JUAN R
  • Previous Owner : K HOVNANIAN LANDINGS 40S LLC
  • Owner Before Previous Owner: LORAIN LANDINGS DEVELOPMENT CO LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lorain City School District
  • Census Tract: 097202

Geography

  • Parcel: 02-02-012-114-166
  • Block: 114
  • Lot: 200
  • Municipality: LORAIN CITY/LORAIN CSD
  • Latitude: 41.4387
  • Longitude: -82.2184

    Address

  • Full Address: 3418 Magnolia Dr
  • Address - House Number: 3418
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Lorain
  • Carrier Code: C009
  • 4-Digit Zip Code: 1497
  • Zip Code: 44053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,077
  • Tax Rate Code Area: 42

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 169,851
  • High Value: 210,827
  • Low Value: 128,875

    Market Valuation

  • Market Total Value: $59,750
  • Market Land Value: $59,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,913
  • Assessed Land Value: $20,913

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2019
  • Current Sale Recording Date: Oct 08, 2019
  • Current Sale Transaction ID: 11659652557
  • Current Sale Price: $231,200
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2019-0733445
  • Previous Sale Recording Date: May 01, 2019
  • Previous Sale Contract Date: Apr 30, 2019
  • Previous Sale Amount: $39,200
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LENDUS LLC
  • First Mortgage Transaction Date: Oct 08, 2019
  • First Mortgage Loan Amount: $226,943
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2049

About Lorain



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Frequently Asked Questions

What neighborhood is 3418 Magnolia Drive located in?
The 3418 Magnolia Drive is a located in the neighborhood of Lorain in Lorain, Lorain.
What is the average sales price for listings in 3418 Magnolia Drive?
The average sales price for units in 3418 Magnolia Drive is $0 currently.

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