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$220,000

2501 W 40th St Lorain, OH 44053

3 beds
2 full
0.2 acres
House

Property details

About 2501 W 40th St

Welcome to this move-in ready 3-bedroom, 2-bathroom home that's full of potential and waiting for your personal touch! Nestled on a corner lot with great curb appeal. Enjoy the two-and-a-half car garage plus an attached 1-car garage?perfect for your hobby space. Step into the fully fenced backyard, ideal for summer gatherings, BBQs, or simply relaxing in your own back yard.

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Lot size0.24 Acres
Year built1964
ParkingAttached, Detached, Garage
MLS #5130491
Attached garage3 spaces

Summary

  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Basement: No
  • Total Bedroom Count: 3
  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Private Pool: No
  • Parking: Attached, Detached, Garage
  • Architectural Style: Split Level
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $220,000
  • Annual Tax Amount: $2,054
  • Tax Year: 2023
  • Lot: Corner Lot
  • Directions: From Rt.2 go north on Rt. 58 to West 40th. Go West on West 40th and is on Corner of West 40th and Miami Ave.
  • Year Built: 1964
  • Stories: 2
  • Lot Size: 0.24 Acres
  • MLS Number: 5130491
  • MLS Name: NOWDD
  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 258-0525
  • Office Email: brennanjfrancis@gmail.com
  • Listing Agent: Brennan Francis

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/8/2025, 9:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Dec 17, 2004
Home Sold
$115,000

Tax history

YearAssessmentProperty Tax
2023$39,886$2,054
2022$39,890$2,036
2021$39,890$2,036
2020$32,640$1,918
2019$32,638$1,907
2018$32,638$1,908
2017$32,638$2,023

History based on county public records data.

Nearby schools

4

Toni Wofford Morrison Elementary School

Public District PK-5

0.4 mi

1830 W 40th St

2

Frank Jacinto Elementary School

Public District PK-5

1.0 mi

2515 Marshall Ave

4

Washington Elementary School

Public District PK-5

1.5 mi

1025 W 23rd St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $44,375. Most Lorain, OH residents have annual incomes less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

43%
<35k
36%
35k-100k
18%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
11%
Single, with Kids
29%
Married, No Kids
22%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
8%
12-17 yrs old
18%
18-34 yrs old
40%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • College BasketballCollege Basketball
  • Horse RacesHorse Races

Where do the neighbors shop?

  • BurlingtonBurlington
  • DillardsDillards
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • WingstopWingstop
  • Logan's RoadhouseLogan's Roadhouse
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • NissanNissan
  • HyundaiHyundai
  • BuickBuick

What do the neighbors listen to?

  • Christian Adult ContemporaryChristian Adult Contemporary
  • RockRock
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2501 W 40th St

The listing price of 2501 W 40th St property is $220,000.

The property 2501 W 40th St is a house located in Lorain, Ohio, 44053.

Active Listing: 2501 W 40th St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2501 W 40th St are: Toni Wofford Morrison Elementary School (GreatSchools Rating 4/10), Frank Jacinto Elementary School (GreatSchools Rating 2/10), Washington Elementary School (GreatSchools Rating 4/10), Lorain Preparatory Academy (GreatSchools Rating 2/10), General Johnnie Wilson Middle School (GreatSchools Rating 4/10), Durling Middle School (GreatSchools Rating 6/10), Lorain High School (GreatSchools Rating 3/10), Horizon Science Academy Lorain (GreatSchools Rating 4/10), Clearview High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2023 is $2,054 (source: MLS/based on county public records data).

The last sale was on December 17, 2004 for $115,000 (source: MLS/tax record).

The property at 2501 W 40th St has 3 bedrooms and 2 bathrooms.

The sq. ft. of 2501 W 40th St is not available (source: MLS/tax record).

The year of construction for 2501 W 40th St is 1964.

This home is located at 2501 W 40th St in Lorain, OH and zip code 44053 in the Skyline Park neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $220,000.

In June 2025, from all listings sold in Lorain, OH there were more than 29 sold above asking price, over 28 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Lorain, OH between May and June 2025 decreased by 3.4%. The median list price of listings available in June 2025 was $150,000, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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