223 W 16th St Lorain, OH 44052
Estimated payment $695/month
Highlights
- Cape Cod Architecture
- No HOA
- Forced Air Heating System
About This Home
Don't miss this incredible opportunity to own a charming 3-bedroom, 1-bathroom home in a prime location near Lake Erie! This property, currently being used as a rental, is less than 3 miles from the lake and offers easy access to Lakeside Landing, Oasis Marina, and the popular Lakeview Beach. During the Summer enjoy the annual 'Rockin' on the River' summer concerts at Black River Landing, just minutes from the home. With Old Town Charleston and Broadway Lorain's attractions also nearby, this home is ideal for long-term rentals or a lucrative Airbnb. It's a fantastic opportunity for investors seeking a cash-flowing asset or an owner-occupant(s) looking to embrace the a lake lifestyle. Property is currently occupied with tenants and leased thru July 2026
Listing Agent
Howard Hanna Brokerage Email: davidsturgeon@howardhanna.com, 216-375-4486 License #2009000358 Listed on: 07/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,035
Year Built
- Built in 1900 | Remodeled
Parking
- Driveway
Home Design
- Cape Cod Architecture
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
Additional Features
- 2-Story Property
- 1,742 Sq Ft Lot
- Unfinished Basement
Community Details
- No Home Owners Association
- Chamberlain Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-01-003-141-002
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $986 | $23,342 | $700 | $22,642 |
| 2023 | $899 | $17,010 | $623 | $16,387 |
| 2022 | $886 | $16,912 | $525 | $16,387 |
| 2021 | $886 | $16,912 | $525 | $16,387 |
| 2020 | $902 | $14,960 | $470 | $14,490 |
| 2019 | $897 | $14,960 | $470 | $14,490 |
| 2018 | $898 | $14,960 | $470 | $14,490 |
| 2017 | $573 | $9,010 | $530 | $8,480 |
| 2016 | $569 | $9,010 | $530 | $8,480 |
| 2015 | $537 | $9,010 | $530 | $8,480 |
| 2014 | $496 | $8,340 | $490 | $7,850 |
| 2013 | $493 | $8,340 | $490 | $7,850 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/06/2026 02/06/26 | Price Changed | $115,000 | -8.0% | -- | |
| 12/17/2025 12/17/25 | Price Changed | $125,000 | -3.8% | -- | |
| 10/10/2025 10/10/25 | Price Changed | $130,000 | -3.7% | -- | |
| 09/10/2025 09/10/25 | Price Changed | $135,000 | -3.6% | -- | |
| 07/14/2025 07/14/25 | For Sale | $140,000 | +64.7% | -- | |
| 12/22/2023 12/22/23 | Sold | $85,000 | +0.1% | $84 / Sq Ft | View Prior Sale |
| 11/20/2023 11/20/23 | Pending | -- | -- | -- | |
| 10/30/2023 10/30/23 | Price Changed | $84,900 | 0.0% | $84 / Sq Ft | |
| 10/30/2023 10/30/23 | For Sale | $84,900 | -5.6% | $84 / Sq Ft | |
| 10/17/2023 10/17/23 | Pending | -- | -- | -- | |
| 09/30/2023 09/30/23 | For Sale | $89,900 | +38.3% | $89 / Sq Ft | |
| 03/28/2023 03/28/23 | Sold | $65,000 | -18.6% | $64 / Sq Ft | View Prior Sale |
| 02/10/2023 02/10/23 | Pending | -- | -- | -- | |
| 01/02/2023 01/02/23 | Price Changed | $79,900 | -6.0% | $79 / Sq Ft | |
| 12/19/2022 12/19/22 | For Sale | $85,000 | -- | $84 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $85,000 | None Listed On Document | |
| Warranty Deed | $65,000 | None Listed On Document | |
| Sheriffs Deed | $13,652 | None Available | |
| Special Warranty Deed | $7,000 | Nova Title Agency Inc | |
| Sheriffs Deed | $26,000 | None Available | |
| Warranty Deed | -- | Sandstone Title Agency Ltd | |
| Limited Warranty Deed | $31,000 | -- | |
| Sheriffs Deed | $24,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $60,750 | Purchase Money Mortgage |
Source: MLS Now (Howard Hanna)
MLS Number: 5139835
APN: 02-01-003-141-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Ask me questions while you tour the home.