1340 40th St
Lorain, OH 44053
3 bd 3 ba 2,403 sqft Built 1950 Lot 8,712 sqft single_family
Most recent sale
$175,000
Sep 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 12, 2022 | Sold | $175,000 | MLS #4390825 |
| Aug 23, 2022 | Price changed | $187,000 | MLS #4390825 |
| Aug 6, 2022 | Price changed | $205,000 | MLS #4390825 |
| Aug 2, 2022 | Price changed | $219,000 | MLS #4390825 |
| Jul 29, 2022 | Price changed | $224,000 | MLS #4390825 |
| Jul 12, 2022 | Listed | $229,000 | MLS #4390825 |
| Jun 21, 2013 | Sold | $82,500 | MLS #3327894 |
| Nov 12, 2012 | Price changed | $99,900 | MLS #3327894 |
| Sep 17, 2012 | Price changed | $105,000 | MLS #3327894 |
| Jul 13, 2012 | Price changed | $110,500 | MLS #3327894 |
| Jun 14, 2012 | Listed | $119,000 | MLS #3327894 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $51,980 | $9,280 | $61,260 | $2,342 |
| 2023 | $35,938 | $4,592 | $40,530 | $2,087 |
| 2022 | $35,938 | $4,592 | $40,530 | $2,069 |
| 2021 | $35,938 | $4,592 | $40,530 | $2,069 |
| 2020 | $29,029 | $3,710 | $32,739 | $1,924 |
| 2019 | $29,029 | $3,710 | $32,739 | $1,913 |
| 2018 | $29,029 | $3,710 | $32,739 | $1,914 |
| 2017 | $25,379 | $7,340 | $32,719 | $2,029 |
| 2016 | $25,379 | $7,340 | $32,719 | $2,013 |
| 2015 | $25,379 | $7,340 | $32,719 | $1,898 |
| 2014 | $27,258 | $7,882 | $35,140 | $2,034 |
| 2013 | $27,258 | $7,882 | $35,140 | $2,076 |
| 2012 | $27,258 | $7,882 | $35,140 | $1,467 |
| 2011 | $33,880 | $11,935 | $45,815 | $1,683 |
| 2010 | $33,880 | $11,935 | $45,815 | $1,675 |
| 2009 | $33,880 | $11,935 | $45,815 | $1,649 |
| 2008 | $36,440 | $12,850 | $49,290 | $1,669 |
| 2007 | $36,440 | $12,850 | $49,290 | $1,661 |
Property facts
Year built
1950
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,403 sqft
Lot size
8,712 sqft
ZIP code
44053
City
Lorain
Street
40th St
Coordinates
41.43463, -82.18945
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,050
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1340 40th St last sell?
1340 40th St most recently sold on Sep 12, 2022 for $175,000.
What is the current tax assessment for 1340 40th St?
The most recent total assessment for 1340 40th St (year 2025) is $61,260 with $2,342 in property tax.
How does 1340 40th St's assessment compare to its last sale price?
The current assessment is 65.0% below the last sale price of $175,000.
When was 1340 40th St built?
1340 40th St was built in 1950.
How does 1340 40th St compare to others on 40th St?
We track 8 other properties on 40th St. Browse the list under "Other properties on 40th St" to compare beds, baths, and sale history.
What are the property facts for 1340 40th St?
1340 40th St is a 3 bed, 3 bath, 2,403 sqft, 8,712 sqft lot single_family.
Is 1340 40th St a flip candidate?
No — 1340 40th St does not appear in our flips dataset.
Is 1340 40th St a tax-appeal candidate?
No — 1340 40th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.6%
Implied 1-yr
+6.2%
2026 Q2
$237.5K
2026 Q3
$240.9K
ZIP 44053 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 40th St