2567 E 38th Street, Lorain, OH 44055
Homewood Add · Lorain County
Key Facts
Description
This 3-bedroom, 1-bath home is full of potential for the right buyer! Whether you're looking for your next rental property, fix-and-flip project, or investment opportunity, this home offers solid possibilities at an affordable price point. The property does need some TLC and cosmetic updates, but with some vision and effort, it could truly shine again. One of the standout features is the huge fenced-in yard, offering plenty of space for pets, outdoor entertaining, gardening, or future improvements. Convenient layout, generous living space, and endless potential make this one worth a look for investors and handy buyers alike.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow, Cape Cod
Year Built
1947
Living Area
2,086 sq ft
Lot Size
0.20 acres
Garage Spaces
1
Days on Market
39
MLS® Listing#
5215545
Property Features
Interior
Exterior
Cooling
Heating
Fireplace
Basement
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Rooms
- ND x NDSecond
- BathroomND x NDFirst
- BedroomND x NDFirst
- BedroomND x NDFirst
- Family RoomND x NDFirst
- KitchenND x NDFirst
- LaundryND x NDLower
- Living RoomND x NDFirst
Financial Details
HOA
None
Annual Taxes
$1,668
Tax year 2025
Parcel Number
03-00-080-105-049
Directions
90 to 57N to E 38th
Affordability Calculator
$23,000
Estimated monthly payment
$612/mo
Principal $92,000 · Est. interest $128,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lorain, OH
- 38
- Median Days on Market
- 1,664
- Median Sq Ft
- $129
- Median Price / Sq Ft
- 125
- Active Listings
- Its price per sq ft is 57% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lorain, OH.
Location
Points of Interest in Lorain, OH
Showing the Lorain area map.
Nearby Schools
Palm Elementary School
Elementary · 0.4 mi away
Helen Steiner Rice Elementary
Elementary · 0.5 mi away
Summit Academy
Elementary · 0.5 mi away
Southview High School
Secondary · 0.5 mi away
Southview Middle School
Secondary · 0.6 mi away
Vincent Elementary School
Elementary · 1.2 mi away
Rapha Academy
School · 1.6 mi away
Stevan Dohanos Elementary School
Elementary · 1.8 mi away
Barr Elementary School
Elementary · 1.8 mi away
Brookside Middle School
Secondary · 2.2 mi away
Erie Elementary School
Elementary · 2.2 mi away
Education Alternatives
School · 2.2 mi away
Sheffield-Sheffield Lake City Schools
School · 2.2 mi away
Brookside Intermediate School
Elementary · 2.3 mi away
Brookside High School
Secondary · 2.3 mi away
Life Skills Center of Elyria
School · 2.4 mi away
Black River Career Prep High School
Secondary · 2.4 mi away
Lccaa Head Start
School · 2.5 mi away
Early College High School
School · 2.5 mi away
Lorain Preparatory High School
Secondary · 2.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2917 Apple Avenue, Lorain, OH | $89,900 | 3 | 1 | 1,490 |
| 943 W 29th Street, Lorain, OH | $99,900 | 2 | 1 | — |
| 124 E 32nd Street, Lorain, OH | $99,900 | 3 | 1 | 1,296 |
| 1840 Crehore Street, Lorain, OH | $99,900 | 4 | 2 | — |
| 5401 Fleming Avenue, Lorain, OH | $103,000 | 4 | 2 | 1,850 |
| 1023 W Washington Avenue, Lorain, OH | $105,000 | 2 | 1 | 1,488 |
Moving Cost Estimate
EXIT Agents in Lorain
Listing Courtesy: RE/MAX Crossroads Properties - jessicalpresutto@gmail.com, 440-787-6707
Last Updated: 2026-06-11