V/L Rear LandLorain, OH 44055

V/L Rear LandLorain, OH 44055

1/10 Virtual Tour Fullscreen
$15,000 Active
Land - Lot/Land MLS 5147006

Listed By

Agency Name: RE/MAX Transitions
Agency Contact: TheTayeGroup@gmail.com, 440-454-2456

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Seize the opportunity to own an affordable and versatile Rear Land Parcel in Lorain/Sheffield Township, located within the Clearview Local School District. This unimproved lot measures 42 feet of frontage by 18 feet of depth, totaling 0.02 acres, and is ideally situated between Route 57 and North Ridge Road, placing you close to shopping, dining, schools, parks, and essential services. Commuters will appreciate the easy access to major highways, making travel to surrounding Lorain County communities & the greater Cleveland area convenient and efficient. The property is cleared, level, and ready for your ideas, with public water & public sewer available at the street to simplify future improvements. This manageable lot size offers an entry-level way to secure land ownership without the burden of high taxes or association fees, as annual property taxes are just $16. Its flexibility makes it suitable for a range of possibilities?use it as extra yard space, a personal garden, off-street parking, or storage, or hold it as an affordable long-term investment. With no HOA restrictions or special assessments, you have the freedom to shape the property to suit your needs. The location offers pleasant city and city lights views, contributing to the neighborhood's charm. Whether you are a first-time buyer looking for an inexpensive start, an investor seeking to diversify holdings, or a nearby property owner wanting to expand your footprint, this lot is a rare find. The area combines community-oriented living with urban conveniences, and nearby amenities such as parks, local schools, and businesses make it a practical choice. Opportunities to purchase land with public utilities in place at this price point are hard to come by, especially in such a convenient location. Take a drive by the property to see its potential firsthand and envision the ways it could work for you. This is a small parcel with big possibilities?don't let it slip away. Feel free to walk the Property Anytime!

V/L Rear Land, Unit 2 | MLS# 5147006

This land located at V/L Rear Land, Unit 2, Lorain, OH 44055 is currently listed for sale with an asking price of $15,000. The property has approximately 0.02 Acres. V/L Rear Land, Unit 2 is located within the Clearview Local school district. Search Lorain real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Land - Lot/Land
Days on Market: 114
Lot Size: 0.02 Acres
Taxes: $16 / year

Feature Descriptions

Community Features: None
Fencing: None
Lot: < 1/2 Acre, Flat
Other Equipment: None
Parcel#: 03-00-109-130-014
Parking: None
Sewer: Public Sewer
Topography: Level
Utilities: None
View: City Lights, City, Neighborhood
Water: Public

Local Schools

School District: Clearview Local

Demographics

Lorain County Demographic Information for V/L Rear Land, Lot #2, Lorain, OH 44055
Fips
Fips Code 39093
Population
2020 to 2025 Change up 3.3%
2010 Count 301,356
2020 Count 312,964
2025 Estimate (V2025) 323,219
2020 Estimate (V2025) 312,956
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.1%
18 to 64 53.0%
65 and Older 20.7%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 91.8%
Bachelor's Degree or Higher, Age 25+ 28.5%
Computer and Internet use
Households with a computer 94.8%
Households with a broadband Internet subscription 88.9%
Language
English is Second Language, Age 5+ 7.8%
English is First Language, Age 5+ 92.2%
Veterans
Veterans 18,512
Income
Per Capita Income $40,798
Median Household Income $73,347
People in Poverty 10.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 127,544
Average Household Size 2.42
Owner-Occupied 74.0%
Multi-Family 17.0%
Owner-Occupied Median Value $223,200
Median selected monthly owner costs -with a mortgage $1,525
Median selected monthly owner costs -without a mortgage $629
Median gross rent $966
Building Permits
New Private Housing Issued 2024 1,331
Years at Residence
1 Year or More 90.9%
Less Than 1 Year 9.1%
Business and Employment
Private non-farm Establishments 5,664
Private non-farm Employment 89,159
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,949
Number of Firms 4,759
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 81.95 per month $76.24 Principal & Interest $1.33 Property Tax $4.38 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage