3211 Kneirim Dr · Lorain, OH 44053

$135,000

3 bd · 1.0 ba · 1,451 sqft · SingleFamily public records · 132 Days on market

Built 1949 10,018 sqft lot $93/sqft · 43% below area Est $237k · 43% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

Key facts

• Spacious yard
• Large backyard
• Quiet neighborhood

Tags

• SPACIOUS YARD
• CLASSIC DESIGN
• MATURE TREES
• QUIET NEIGHBORHOOD
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.9% in Lorain — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 78 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 33y ago; this cycle's ask has dropped $35k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $44k; list at $135k implies a 210% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 7.5

CMA / ARV

• ARV (median comp): $237,351
• List price: $135,000
• Delta: -43.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3211 Kneirim Dr	0.00mi	3/1.0	1,451 (0%)	0mo	$130,000	$90	100
3523 Reinwald Rd	0.06mi	4/1.0 (+1)	1,485 (+2%)	3mo	$159,900	$108	86
4201 Meadow Lark Dr	0.40mi	2/2.0 (-1)	1,446 (-0%)	1mo	$280,000	$194	71
2708 Robinhood Dr	0.41mi	3/1.0	1,348 (-7%)	0mo	$227,000	$168	69
4231 Fairbanks Ct	0.39mi	3/2.0	1,540 (+6%)	6mo	$239,000	$155	62
3834 Cambridge Ave	0.54mi	4/1.5 (+1)	1,500 (+3%)	4mo	$260,000	$173	59
4280 Fairbanks Ct	0.42mi	3/2.5	1,538 (+6%)	8mo	$320,000	$208	58
4232 Fairbanks Ct	0.39mi	2/2.0 (-1)	1,345 (-7%)	6mo	$260,000	$193	56
2745 W Skyline Dr	0.24mi	3/2.0	1,667 (+15%)	6mo	$242,000	$145	55
3520 Magnolia Dr	0.34mi	3/2.5	1,632 (+12%)	6mo	$309,500	$190	52
3472 Magnolia Dr	0.30mi	3/3.5	1,632 (+12%)	6mo	$300,000	$184	51
2703 W 40th St	0.61mi	4/1.5 (+1)	1,344 (-7%)	3mo	$174,179	$130	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-4,916
• Equity at exit: $20,129

10-year hold

• IRR: 6.2%
• Equity multiple: 1.47×
• Total profit: $17,606
• Equity at exit: $11,672

Cash invested: $37,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44053

• Home prices YoY: -31.3%
• Active inventory: 78
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,506 high
• Mortgage (P&I): −$708
• Tax from tax record: −$160 /mo · $1,916/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $266

Break-even live

Break-even rent $1,169

Max offer price $135,000

Occupancy floor 77%

Sensitivity live

Price	-10% $342	-5% $304	+0% $266	+5% $228	+10% $190
Rent	-10% $147	-5% $207	+0% $266	+5% $326	+10% $385
Rate	-1.0pp $334	-0.5pp $300	base $266	+0.5pp $231	+1.0pp $195

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4619 Erhart Dr Lorain, OH	4.0	2.5	1680	$2,895	$1.72	12d	1	0.55mi
3150 Fulmer Rd Lorain, OH	1.0–3.0	1.0	810	$925	$1.14	2d	1	0.73mi
1906 N Leavitt Rd Unit 1496120P Lorain, OH	3.0	2.0	1517	$5,246	$3.46	3d	1	1.06mi
2100 Tower Blvd Unit 2100 101 Lorain, OH	2.0	1.0	878	$850	$0.97	12d	1	1.07mi
2809 W Erie Ave Lorain, OH	1.0–2.0	1.0	800	$1,049	$1.31	2d	1	1.16mi
5520 Beavercrest Dr Unit 12 Lorain, OH	2.0	1.5	950	$1,095	$1.15	2d	1	1.28mi
5536 Beavercrest Dr Lorain, OH	1.0–3.0	1.0	875	$1,150	$1.31	2d	1	1.32mi

Listing history 29 events

1. 2026-05-19
   status Pending 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

2. 2026-05-14
   price $135,000 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

3. 2026-05-12
   price $145,000 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

4. 2026-05-06
   status Active 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

5. 2026-03-28
   status Pending 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

6. 2026-03-25
   price $149,900 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

7. 2026-03-13
   price $159,900 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

8. 2026-02-23
   price $163,000 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

9. 2026-01-20
   price $165,900 1405-char remark

   Show marketing remark (1405 chars)

   Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

10. 2025-11-29
    listed $169,900 Active 1405-char remark

    Show marketing remark (1405 chars)

    Welcome to 3211 Kneirim Dr in Lorain, OH! This charming single family home was built in 1949 and boasts a cozy atmosphere perfect for a small family or first-time homebuyers. With 1 bathroom and 1,451 sq. ft. of finished living space, this home offers plenty of room to spread out and make your own. The lot size is 0.23 acres, providing a spacious yard for outdoor activities and entertaining. The exterior of the home features a classic design with a sloping roof and brick accents, giving it a timeless appeal. Inside, you'll find a well-maintained interior with neutral paint colors and hardwood floors throughout. The living room is bright and inviting, while the kitchen offers ample cabinet and counter space for meal prep. The bedrooms are spacious and offer plenty of natural light, creating a cozy retreat after a long day. The bathroom is clean and functional, with a tub/shower combo and plenty of storage space. Outside, the large backyard is perfect for enjoying the warmer months, whether you're grilling out with friends or playing with your pets. The mature trees provide shade and privacy, making it a peaceful oasis in the midst of suburban living. Located in a quiet neighborhood, this home is close to shopping, dining, and entertainment options, making it convenient for everyday living. Don't miss your chance to own this lovely home in Lorain, OH – schedule a showing today!.

11. 2018-05-09
    soldstatus $43,500 Sold 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

12. 2018-04-11
    status Pending 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

13. 2018-04-06
    historical Contingent 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

14. 2018-03-30
    status Active 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

15. 2018-03-26
    historical Contingent 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

16. 2018-03-17
    listed $43,000 Active 756-char remark

    Show marketing remark (756 chars)

    HUD Case #412-651442. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations. This Lorain ranch is in need of a new owner to provide the TLC that has been missing for a while. Light floods the living room through the skylight. Built-in seating surrounds the family room fireplace. Step up into the formal dining room, which leads to the rear deck. Work is needed in this home to make it the gem it could be. Are you the person to make this house a home again? See Attached PLD & PCR For Details of repairs needed.

17. 2009-12-04
    soldstatus $90,000
18. 2009-05-02
    historical
19. 2008-12-02
    listed $89,900
20. 2005-12-20
    historical
21. 2005-06-20
    listed $119,900
22. 1999-12-20
    soldstatus $65,650
23. 1999-12-20
    soldstatus $65,700
24. 1999-11-01
    listed $74,900
25. 1993-08-02
    soldstatus $68,000
26. 1993-07-22
    soldstatus $68,000
27. 1993-07-11
    historical
28. 1993-03-11
    listed $69,500
29. 1991-06-07
    soldstatus $42,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,916 · $160/mo
• Projected year-2 tax: $2,011 · $168/mo
• Expected delta: +$95/yr (+$8/mo · 5.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,074
• − Mortgage interest: −$7,562
• − Property taxes: −$1,916
• − Insurance: −$675
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − Depreciation: −$3,927
• Taxable income: $1,102
• Est. tax owed @ 24.0%: −$264
• After-tax cash flow: $2,928/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety D User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 21,084
• Household income: $67,484
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 921.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 22% Two or more races 14% Black 11%
• Hispanic origin (detail): Mexican 4% Puerto Rican 16% Cuban 2%
• Common ancestry: Romanian 8% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 8% Russian/Polish/Slavic 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.03%
• Current HPI: 199.4591
• Rent YoY: —
• Metro: Cleveland-Elyria, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+217.6% since first listed

29 events — show timeline

• 2026-05-19 Pending — MLSNOW
• 2026-05-14 Price Changed $135,000 MLSNOW
• 2026-05-12 Price Changed $145,000 MLSNOW
• 2026-05-06 Relisted — MLSNOW
• 2026-03-28 Pending — MLSNOW
• 2026-03-25 Price Changed $149,900 MLSNOW
• 2026-03-13 Price Changed $159,900 MLSNOW
• 2026-02-23 Price Changed $163,000 MLSNOW
• 2026-01-20 Price Changed $165,900 MLSNOW
• 2025-11-29 Listed $169,900 MLSNOW
• 2018-05-09 Sold (MLS) $43,500 MLSNOW
• 2018-04-11 Pending — MLSNOW
• 2018-04-06 Contingent — MLSNOW
• 2018-03-30 Relisted — MLSNOW
• 2018-03-26 Contingent — MLSNOW
• 2018-03-17 Listed $43,000 MLSNOW
• 2009-12-04 Sold (Public Records) $90,000 Public Records
• 2009-05-02 Listing Removed — MLSNOW
• 2008-12-02 Listed $89,900 MLSNOW
• 2005-12-20 Listing Removed — MLSNOW
• 2005-06-20 Listed $119,900 MLSNOW
• 1999-12-20 Sold (Public Records) $65,700 Public Records
• 1999-12-20 Sold (MLS) $65,650 MLSNOW
• 1999-11-01 Listed $74,900 MLSNOW
• 1993-08-02 Sold (MLS) $68,000 MLSNOW
• 1993-07-22 Sold (Public Records) $68,000 Public Records
• 1993-07-11 Listing Removed — MLSNOW
• 1993-03-11 Listed $69,500 MLSNOW
• 1991-06-07 Sold (Public Records) $42,500 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,916 · -4.9% YoY. Source: county tax records.