Lorain County property record for 509 Lake Ave, Elyria, OH 44035 · Last verified April 2026
| Property Type | Residential > Multi-Unit > Multi-Family Dwellings |
|---|---|
| Bedrooms | 4 Beds |
| Bathrooms | 2 Baths |
| Year Built | Built 1940 |
| Square Footage | 1,758 sqft Living Area |
| Lot Size | 9,148 sqft (0.21 acres) |
| Garage | Attached, 324 sqft |
| Last Sale | $50,000 (2020) |
| Tax Bill | $2,188.00 (2024) |
Source: Lorain County records · APN 06-24-062-101-001
Assessment roll updated May 16, 2025 · Last verified April 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 1617 SANCHEZ AVE, BURLINGAME, CA 94010-4918 |
| Owner Type | Owner is a Company |
| Date | Document |
|---|---|
| Mar 02, 2022 | Deed of Trust, Mortgage · Commercial Mortgage LIMA ONE CAPITAL LLC |
| Sep 29, 2020 | Warranty Deed, Transfer CARDINAL HOPE EXAM COMPANY, CARDINAL HOPE EXAM CO |
| Dec 19, 2017 | Deed, Transfer · Conventional Mortgage FAIRWAY INDEPENDENT MTG CORP |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Sep 29, 2020 · Amount on Record |
| Deed Sale | Sep 29, 2020 · Amount on Record |
| Prior Sale | Dec 19, 2017 · Amount on Record |
| Deed Doc Number | 2020781064 |
| Prior Transfer Date | Jul 16, 2002 |
| Prior Transfer Doc | 0000842950 |
| Record Refreshed | Jun 08, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | LORAIN OH |
| Property Address | 509 LAKE AVE, ELYRIA, OH 44035-3539 |
| Transaction Type | Mortgage |
| Record Updated | Mar 10, 2022 |
| Title Company | CHICAGO TITLE COMPANY, CTIC |
| Name | Verified Name |
|---|
| Document Number | 0000864999 |
|---|---|
| Date | Mar 02, 2022 |
| Instrument | 2022-0864999 |
| Name | LIMA ONE CAPITAL LLC |
|---|---|
| Type | Mortgage Company |
| Address | GREENVILLE, SC 29601 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 360 Months |
| Due | Mar 01, 2052 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | LORAIN OH |
| Recording Date | Sep 29, 2020 |
| Property Address | 509 LAKE AVE, ELYRIA, OH 44035-3539 |
| Document Number | 0000781064 |
| Instrument Date | Sep 17, 2020 |
| Instrument | 781064 |
| Transaction Type | Transfer |
| Record Updated | Oct 08, 2020 |
| Title Company | CARDINAL HOPE EXAM COMPANY, CARDINAL HOPE EXAM CO |
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 509 LAKE AVE ELYRIA OH 440353539, ELYRIA, OH 44035-3539 |
| Document Type | Deed |
|---|---|
| Jurisdiction | LORAIN OH |
| Recording Date | Dec 19, 2017 |
| Property Address | 509 LAKE AVE, ELYRIA, OH 44035-3539 |
| Document Number | 0000655666 |
| Map Reference | VOL 3 PG 7 |
| Instrument Date | Dec 14, 2017 |
| Instrument | 2017-0655666 |
| Transaction Type | Transfer |
| Record Updated | Apr 29, 2022 |
| Amount | Amount Recorded |
|---|---|
| Downpayment | Downpayment on File |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $164.00 |
| Amount Accuracy | Calculated from Tax |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|
| Document Number | 0000655667 |
|---|---|
| Date | Dec 19, 2017 |
| Instrument | 2017-0655667 |
| Name | FAIRWAY INDEPENDENT MTG CORP |
|---|
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Rate Type | Fixed Rate |
|---|
Source: Lorain County records · Assessment roll updated May 16, 2025 · Last verified April 2026
| Type | Name |
|---|---|
| State | Ohio |
| County | Lorain County |
| Municipality | Elyria City |
| Unified School District | Elyria City School District (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $2,232.00 (+2.01%) | $45,140 (+0.01%) Land $7,600 Building $37,540 | $128,960 (-) Land $21,700 Building $107,260 |
| 2024 | $2,188.00 (+46.35%) | $45,136 (+68.52%) Land $7,595 Building $37,541 | $128,960 (+68.53%) Land $21,700 Building $107,260 |
| 2023 | $1,495.00 (+0.34%) | $26,783 (+0.01%) Land $4,211 Building $22,572 | $76,520 (-) Land $12,030 Building $64,490 |
| 2022 | $1,490.00 | $26,780 Land $4,210 Building $22,570 | |
| 2021 | $76,520 Land $12,030 Building $64,490 |
Source: FEMA National Flood Hazard Layer, Lorain County (39093C), updated May 25, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026
| FEMA Flood Zone | Zone X |
|---|---|
| Flood Hazard | Minimal |
| 500-Year Floodplain | No |
| Special Flood Hazard Area | No |
| Wildfire Risk | Not rated no burnable land in reach |
|---|---|
| Wildfire Likelihood | Negligible |
| Exposure | None beyond ember reach |
Values are read at the parcel center point; lenders make the official flood determination.
| Primary APN | 06-24-062-101-001 |
|---|
| Bedrooms | 4 Beds |
|---|---|
| Full Baths | 2 Baths |
| Total Rooms | 12 Rooms |
| Units | 2 Units |
| Building Area | 1,758 sqft Living Area |
| Gross Area | 2,082 sqft Gross Area |
| 1st Floor | 1,040 sqft 1st Floor |
| Upper Floors | 666 sqft Upper Floors |
| Basement Area | 832 sqft Basement |
| Stories | 1 Stories |
| Year Built | Built 1930 |
|---|---|
| Effective Year Built | Effective 1940 |
| Architectural Style | Multifamily Style |
| Exterior Material | Wood Siding Exterior |
| Construction Type | Frame Construction |
| Foundation Type | No Foundation Foundation |
| Lot Area | 9,148 sqft (0.21 acres) |
| Depth X Width | 148 ft x 64 ft Depth x Width |
| Parking Spaces | 1 Parking Spaces |
| Garage Type | Attached Garage |
| Garage Area | 324 sqft Garage |
| Patio Area | 260 sqft Patio |
| Porch Area | 208 sqft Porch |
| Cooling System | None Cooling |
|---|---|
| Heating System | Baseboard Heating |
| Heating Fuel | Gas Heating Fuel |
| Water Source | Yes (Unknown Type) Water Source |
| Street Address | 509 LAKE AVE |
|---|---|
| City | ELYRIA |
| State | OH |
| Zip | 44035-3539 |
| Property Usage | Residential Property Usage |
| Type | Residential > Multi-Unit > Multi-Family Dwellings |
| Legal Description | NICHOLS |
| Legal Subdivision | GEORGE E NICHOLS ADDITION |
| Legal Tract | 24 |
| Legal Block | 101 |
| Legal Lot Number | 3 |
| Jurisdiction | LORAIN OH |
| Minor Civil Division | ELYRIA |
| Census Blockgroup | 2 |
| Census Block | 2017 |
| Census Tract | 70500 |
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