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6505 Lake Ave

Elyria, OH 44035

3 bd 1 ba 1,217 sqft Built 1940 Lot 19,602 sqft single_family
Most recent sale
$170,000
Jul 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 30, 2022 Sold $175,000 Public Record
Jul 29, 2022 Sold $170,000 Public Record
Jul 22, 2022 Sold $170,000 MLS #4340421
May 26, 2022 Sold $182,000 Public Record
May 12, 2022 Price changed $181,000 MLS #4340421
Mar 23, 2022 Relisted $184,900 MLS #4340421
Feb 21, 2022 Price changed $184,900 MLS #4340421
Feb 2, 2022 Price changed $189,900 MLS #4340421
Dec 27, 2021 Listed $194,900 MLS #4340421
Jul 29, 2021 Sold $182,000 MLS #4284862
Jun 7, 2021 Price changed $180,000 MLS #4284862
Jun 3, 2021 Listed $199,900 MLS #4284862

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $32,750 $5,880 $38,630 $2,112
2023 $24,959 $12,233 $37,192 $2,375
2022 $24,959 $12,233 $37,192 $2,366
2021 $24,959 $12,233 $37,192 $1,711
2020 $20,559 $10,077 $30,636 $1,496
2019 $20,559 $10,077 $30,636 $1,487
2018 $20,559 $10,077 $30,636 $1,488
2017 $20,486 $10,798 $31,284 $2,204
2016 $20,486 $10,798 $31,284 $2,124
2015 $20,486 $10,798 $31,284 $1,999
2014 $21,186 $11,165 $32,351 $2,026
2013 $21,186 $11,165 $32,351 $1,955
2012 $21,186 $11,165 $32,351 $1,913
2011 $20,825 $13,195 $34,020 $1,857
2010 $20,825 $13,195 $34,020 $1,850
2009 $20,825 $13,195 $34,020 $1,652
2008 $22,400 $14,180 $36,580 $1,674
2007 $22,400 $14,180 $36,580 $1,667

Property facts

Year built
1940
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,217 sqft
Lot size
19,602 sqft
ZIP code
44035
City
Elyria
Street
Lake Ave
Coordinates
41.40808, -82.13709

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,826
Gross rental yield
12.89%
Implied cap rate
8.38%
Trend-extrapolated value

Frequently asked questions

When did 6505 Lake Ave last sell?
6505 Lake Ave most recently sold on Jul 29, 2022 for $170,000.
What is the current tax assessment for 6505 Lake Ave?
The most recent total assessment for 6505 Lake Ave (year 2025) is $38,630 with $2,112 in property tax.
How does 6505 Lake Ave's assessment compare to its last sale price?
The current assessment is 77.3% below the last sale price of $170,000.
When was 6505 Lake Ave built?
6505 Lake Ave was built in 1940.
How does 6505 Lake Ave compare to others on Lake Ave?
We track 8 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 6505 Lake Ave?
6505 Lake Ave is a 3 bed, 1 bath, 1,217 sqft, 19,602 sqft lot single_family.
Is 6505 Lake Ave a flip candidate?
No — 6505 Lake Ave does not appear in our flips dataset.
Is 6505 Lake Ave a tax-appeal candidate?
No — 6505 Lake Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.3%
Implied 1-yr
+1.2%
2026 Q3
$207.7K
2026 Q4
$208.3K
ZIP 44035 — Median Price History + Forecast

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