2640 40th St
Lorain, OH 44053
3 bd 1 ba 1,086 sqft Built 1965 Lot 9,148 sqft single_family
Most recent sale
$145,000
Aug 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 15, 2022 | Sold | $145,000 | Public Record |
| Jun 22, 2022 | Listed | $125,000 | MLS #20222439 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $28,070 | $12,650 | $40,720 | $1,557 |
| 2023 | $24,542 | $9,979 | $34,521 | $1,777 |
| 2022 | $24,542 | $9,979 | $34,521 | $1,315 |
| 2021 | $24,542 | $9,979 | $34,521 | $1,316 |
| 2020 | $20,083 | $8,166 | $28,249 | $1,146 |
| 2019 | $20,083 | $8,166 | $28,249 | $1,139 |
| 2018 | $20,083 | $8,166 | $28,249 | $1,140 |
| 2017 | $18,232 | $8,733 | $26,965 | $1,129 |
| 2016 | $18,232 | $8,733 | $26,965 | $1,120 |
| 2015 | $18,232 | $8,733 | $26,965 | $1,057 |
| 2014 | $17,875 | $8,561 | $26,436 | $1,023 |
| 2013 | $17,875 | $8,561 | $26,436 | $1,016 |
| 2012 | $17,875 | $8,561 | $26,436 | $983 |
| 2011 | $20,090 | $9,555 | $29,645 | $948 |
| 2010 | $20,090 | $9,555 | $29,645 | $944 |
| 2009 | $20,090 | $9,555 | $29,645 | $929 |
| 2008 | $22,090 | $10,500 | $32,590 | $981 |
| 2007 | $22,090 | $10,500 | $32,590 | $977 |
Property facts
Year built
1965
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,086 sqft
Lot size
9,148 sqft
ZIP code
44053
City
Lorain
Street
40th St
Coordinates
41.43459, -82.20724
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,629
Gross rental yield
13.48%
Implied cap rate
8.76%
Trend-extrapolated value
—
Frequently asked questions
When did 2640 40th St last sell?
2640 40th St most recently sold on Aug 15, 2022 for $145,000.
What is the current tax assessment for 2640 40th St?
The most recent total assessment for 2640 40th St (year 2025) is $40,720 with $1,557 in property tax.
How does 2640 40th St's assessment compare to its last sale price?
The current assessment is 71.9% below the last sale price of $145,000.
When was 2640 40th St built?
2640 40th St was built in 1965.
How does 2640 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 2640 40th St?
2640 40th St is a 3 bed, 1 bath, 1,086 sqft, 9,148 sqft lot single_family.
Is 2640 40th St a flip candidate?
No — 2640 40th St does not appear in our flips dataset.
Is 2640 40th St a tax-appeal candidate?
No — 2640 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