409 Briar Lake Dr Elyria, OH 44035

4 beds · 2 baths · 1,952 sq ft · Lot Size: 11,326 sq ft · Single Family Home
Est. Property Value: $245,884

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409 Briar Lake Dr is in the 44035 neighborhood of Elyria, OH. It is located in Lorain County and ZIP code 44035. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 1952 sq ft with 4 bedrooms and 2 bathrooms and sits on a 11326 sq ft lot. According to public records, it was last sold in 2024 for $275,000 and has a tax-assessed value of $167,720, which is $126 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 409 Briar Lake Dr Elyria, OH 44035 with Property Intel by Whitepages.

409 Briar Lake Dr

Elyria, OH 44035

Neighborhood

Owners & Occupancy for 409 Briar Lake Dr

No contact information is available.

Occupancy

Resident 1*************** age 65
Resident 2*************** age 62
Resident 3***************** age 75

Property Financials for 409 Briar Lake Dr

409 Briar Lake Dr, Elyria, OH has a mortgage from Ruoff Mtg (orig. October 01, 2024). The Lorain county assessment for 2023 values it at $167,720, with annual taxes of $3,596.

Mortgage & Equity Information

Loan Amount$******
LenderRuoff Mtg
Origination DateOctober 01, 2024
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateSeptember 27, 2024
Property Tax Amount$3,596 in 2023
Purchase Price$275,000
Assessed Value$167,720 on 2023

Investment Potential for 409 Briar Lake Dr

The property has a current estimated value of $245,884, which is 6% above the zip median, based on public records. It last sold on September 27, 2024 for $275K. Projected long-term
is $15,000 annually ($1,250 per month) with a 91% occupancy rate.

Discover more Single Family Homes in 44035.

Long-Term

Gross Rental
$15,000 per year($1,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
91%in 44035 zip code
 
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Property Details for 409 Briar Lake Dr

Property Details

Property Sq Ft

Living Area

1,952 sq ft

6% below market

Lot Size

11,326 sq ft

18% above market

Price Per Sq Ft

Living Area

$126 / sq ft

17% above market

Lot Size Area

$22 / sq ft

9% below market

Property condition, age, exterior, etc. for 409 Briar …
Longitude: -82.079498 Latitude: 41.40311 Parcel Number (APN): 06-23-027-103-006…

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Discover more single family homes near 409 Briar Lake Dr in Elyria, Ohio. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 409 Briar Lake Dr in Lorain County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$245,884
$342,818
-$96,934 (-28%)
$482,918
-$23,342 (-5%)
YoY Price Change
3.04%
-146%
Year Built
1966
1979
-13 years
Living Space
1,952 sq ft
2,339 sq ft
-387 (-17%)
$ Per Living Sq Ft
$126
$146
-$20 (-14%)
Lot Size
11,326 sq ft
15,028 sq ft
-3702 (-25%)
$ Per Lot Sq Ft
$22
$22
$0 (-2%)

Net Operating Income
$15,009
-$7,395 (-49%)
Annual Revenue
$15,000
$26,400
-$11,400 (-43%)
$10,778
-$3,392 (-31%)
Net Operating Income
$15,009
-$7,395 (-49%)
Cap Rate
4.57%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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