1503 New Jersey Ave
Lorain, OH 44052
2 bd 2 ba 842 sqft Built 1950 Lot 6,970 sqft single_family
Most recent sale
$129,000
Mar 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 29, 2022 | Sold | $129,000 | MLS #4351909 |
| Feb 28, 2022 | Listed | $115,000 | MLS #4351909 |
| May 10, 2018 | Sold | $22,500 | MLS #3974144 |
| Mar 26, 2018 | Price changed | $30,000 | MLS #3974144 |
| Feb 18, 2018 | Listed | $37,500 | MLS #3974144 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $37,470 | $4,480 | $41,950 | $1,605 |
| 2023 | $10,178 | $5,047 | $15,225 | $785 |
| 2022 | $10,178 | $5,047 | $15,225 | $797 |
| 2021 | $10,178 | $5,047 | $15,225 | $798 |
| 2020 | $8,439 | $4,186 | $12,625 | $761 |
| 2019 | $8,439 | $4,186 | $12,625 | $757 |
| 2018 | $8,439 | $4,186 | $12,625 | $757 |
| 2017 | $14,382 | $4,837 | $19,219 | $650 |
| 2016 | $14,382 | $4,837 | $19,219 | $644 |
| 2015 | $14,382 | $4,837 | $19,219 | $608 |
| 2014 | $13,696 | $4,606 | $18,302 | $554 |
| 2013 | $13,696 | $4,606 | $18,302 | $549 |
| 2012 | $13,696 | $4,606 | $18,302 | $532 |
| 2011 | $18,865 | $4,550 | $23,415 | $607 |
| 2010 | $18,865 | $4,550 | $23,415 | $602 |
| 2009 | $18,865 | $4,550 | $23,415 | $585 |
| 2008 | $21,210 | $5,110 | $26,320 | $627 |
| 2007 | $21,210 | $5,110 | $26,320 | $623 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
842 sqft
Lot size
6,970 sqft
ZIP code
44052
City
Lorain
Street
New Jersey Ave
Coordinates
41.46818, -82.14071
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,263
Gross rental yield
11.75%
Implied cap rate
7.64%
Trend-extrapolated value
—
Frequently asked questions
When did 1503 New Jersey Ave last sell?
1503 New Jersey Ave most recently sold on Mar 29, 2022 for $129,000.
What is the current tax assessment for 1503 New Jersey Ave?
The most recent total assessment for 1503 New Jersey Ave (year 2025) is $41,950 with $1,605 in property tax.
How does 1503 New Jersey Ave's assessment compare to its last sale price?
The current assessment is 67.5% below the last sale price of $129,000.
When was 1503 New Jersey Ave built?
1503 New Jersey Ave was built in 1950.
How does 1503 New Jersey Ave compare to others on New Jersey Ave?
We track 8 other properties on New Jersey Ave. Browse the list under "Other properties on New Jersey Ave" to compare beds, baths, and sale history.
What are the property facts for 1503 New Jersey Ave?
1503 New Jersey Ave is a 2 bed, 2 bath, 842 sqft, 6,970 sqft lot single_family.
Is 1503 New Jersey Ave a flip candidate?
No — 1503 New Jersey Ave does not appear in our flips dataset.
Is 1503 New Jersey Ave a tax-appeal candidate?
No — 1503 New Jersey Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.3%
Implied 1-yr
-13.1%
2026 Q3
$123.3K
2026 Q4
$118.2K
ZIP 44052 — Median Price History + Forecast
Explore nearby
Geography
Other properties on New Jersey Ave