1023 Washington Ave, Lorain, OH, 44052
About This Home
Opportunity meets value in this updated 2-bedroom colonial located in Lorain! This move-in ready home offers 1,040 sq ft above grade plus a full basement, delivering both comfort and functionality at an affordable price point. Step inside to find fresh paint throughout and a bright, welcoming layout featuring a spacious living room, formal dining room, and an eat-in kitchen with newer cabinets and countertops that provide both style and practicality for everyday living. The second floor hosts two generously sized bedrooms and a full bath, creating a comfortable and efficient layout ideal for a variety of living situations. Major updates have already been completed, including a roof approximately 4 years old, windows just 3 years old, and a waterproofed basement with a new sump pump installed about 2 years ago—providing added confidence for the next owner. The full basement offers additional storage space and includes laundry, with washer and dryer staying, and the dryer currently electric but easily convertible to gas. Additional interior features include double-pane windows, ceiling fans, and forced air gas heating for year-round comfort. Outside, enjoy a covered front porch perfect for relaxing, along with a manageable yard and a storage shed for extra convenience. The lot offers a mix of open space and light landscaping, making maintenance simple while still allowing room to personalize. Located on a quiet street with sidewalks, street lights, and public utilities, this home is well-positioned near local amenities, shopping, and dining. With low annual taxes, this property presents an excellent opportunity for both owner-occupants and investors seeking a solid rental or portfolio addition. Whether you’re looking for an affordable place to call home or your next investment, this well-maintained and thoughtfully updated property is ready for its next chapter.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1900
Materials
- Foundation: Block
- Roof: Asphalt,Fiberglass,Shingle
- Construction materials: Metal Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Range,Refrigerator,Washer
- Laundry features: Washer Hookup,Electric Dryer Hookup,In Basement
Basement
- Level: Basement
Basement
- Has basement: Yes
- Basement: Full,Concrete,Sump Pump
Bathroom
- Level: Second
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
Eat In Kitchen
- Level: First
Features
- Ceiling Fan(s),Eat-in Kitchen
- Window features: Double Pane Windows
- Fireplace features: None
- Finished area below ground: 448
- Finished area above ground: 1,040
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Ceiling Fan(s),None
Interior Area
- Total structure area: 1,488
- Total interior livable area: 1,488 sqft
Living Room
- Level: First
Primary Bedroom
- Level: Second
Property
Details
- Parcel number: 0201005122003
- Lease amount: 0
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Awning(s),Front Porch
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: City Lights,City,Neighborhood
Lot
- Lot size: 3,484 sqft
- Features: < 1/2 Acre,Back Yard,Cleared,Front Yard,Landscaped,Few Trees
- Lot size dimensions: 25 x 144
Parking
- Parking features: Driveway,No Garage,Outside,Unpaved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Ice Storm
- Strong Wind
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $530 | $6,360 |
| Home Insurance * | $80 | $960 |
| Property Taxes | $119 | $1,428 |
| Electricity | $193 | $2,320 |
| Total | $922 | $11,064 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $109,900 |
| 2024-10-01 | Sold | $59,700 |
| 2018-12-17 | Listing removed | $595 |
| 2018-11-24 | Price change | $595 |
| 2018-11-07 | Listed for rent | $635 |
| 2018-02-27 | Listing removed | $595 |
| 2018-02-22 | Listed for rent | $595 |
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