5518 Independence Dr
Lorain, OH 44053
3 bd 2 ba 2,156 sqft Built 1977 Lot 8,276 sqft single_family
Most recent sale
$220,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 11, 2022 | Listing removed | $195,000 | Firelands |
| Jul 15, 2022 | Sold | $220,000 | Public Record |
| Jun 13, 2022 | Listed | $195,000 | MLS #20222262 |
| Jun 12, 2022 | Relisted | $195,000 | MLS #4381195 |
| Oct 17, 2009 | Sold | $150,175 | MLS #2386873 |
| Sep 26, 2007 | Sold | $150,300 | Public Record |
| Jun 15, 2007 | Listed | $154,900 | MLS #2386873 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $60,710 | $12,390 | $73,100 | $3,086 |
| 2023 | $38,248 | $10,304 | $48,552 | $2,391 |
| 2022 | $38,248 | $10,304 | $48,552 | $2,296 |
| 2021 | $38,248 | $10,304 | $48,552 | $2,302 |
| 2020 | $29,376 | $7,914 | $37,290 | $1,995 |
| 2019 | $29,376 | $7,914 | $37,290 | $1,957 |
| 2018 | $29,376 | $7,914 | $37,290 | $1,967 |
| 2017 | $29,747 | $8,040 | $37,787 | $2,104 |
| 2016 | $29,747 | $8,040 | $37,787 | $2,089 |
| 2015 | $29,747 | $8,040 | $37,787 | $2,019 |
| 2014 | $31,644 | $8,554 | $40,198 | $2,154 |
| 2013 | $31,644 | $8,554 | $40,198 | $2,160 |
| 2012 | $31,644 | $8,554 | $40,198 | $2,116 |
| 2011 | $32,305 | $11,235 | $43,540 | $1,981 |
| 2010 | $32,305 | $11,235 | $43,540 | $1,977 |
| 2009 | $32,305 | $11,235 | $43,540 | $1,949 |
| 2008 | $34,370 | $11,940 | $46,310 | $1,996 |
| 2007 | $34,370 | $11,940 | $46,310 | $1,710 |
Property facts
Year built
1977
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,156 sqft
Lot size
8,276 sqft
ZIP code
44053
City
Lorain
Street
Independence Dr
Coordinates
41.42138, -82.20067
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,320
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5518 Independence Dr last sell?
5518 Independence Dr most recently sold on Jul 15, 2022 for $220,000.
What is the current tax assessment for 5518 Independence Dr?
The most recent total assessment for 5518 Independence Dr (year 2025) is $73,100 with $3,086 in property tax.
How does 5518 Independence Dr's assessment compare to its last sale price?
The current assessment is 66.8% below the last sale price of $220,000.
When was 5518 Independence Dr built?
5518 Independence Dr was built in 1977.
How does 5518 Independence Dr compare to others on Independence Dr?
We track 6 other properties on Independence Dr. Browse the list under "Other properties on Independence Dr" to compare beds, baths, and sale history.
What are the property facts for 5518 Independence Dr?
5518 Independence Dr is a 3 bed, 2 bath, 2,156 sqft, 8,276 sqft lot single_family.
Is 5518 Independence Dr a flip candidate?
No — 5518 Independence Dr does not appear in our flips dataset.
Is 5518 Independence Dr a tax-appeal candidate?
No — 5518 Independence Dr 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 Independence Dr