1908 Wallace LaneLorain, OH 44053

1908 Wallace LaneLorain, OH 44053

1/46 Virtual Tour Fullscreen
$250,000 Active
Residential - Single Family MLS 5213958 New to the Market
3 beds 2 full baths 1,602 sqft

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: ElizabethZuntRealtor@gmail.com, 440-213-3645

Shown By

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

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Property Description

Welcome to this charming and well-maintained 3-bedroom, 2 full bathroom home situated on a rare 1.46-acre lot in desirable Lorain! A welcoming entryway leads into the spacious living room featuring a cozy wood-burning fireplace and newer luxury vinyl plank flooring installed in 2025, with hardwood flooring preserved underneath. Just off the living room, the generously sized dining room offers the perfect space for family gatherings and entertaining, also featuring newer LVP flooring with hardwood beneath. The efficiently designed kitchen was updated in 2019 and includes all appliances, newer LVP flooring, and plenty of functionality for everyday living. The first bedroom showcases beautiful hardwood flooring, while the additional two bedrooms are currently carpeted with hardwood flooring underneath that can easily be uncovered. The recently renovated upstairs full bathroom (2020) features a stylish double vanity. Downstairs, the rec room provides additional living and entertaining space along with a newly added full bathroom (2020), making the lower level both comfortable and versatile. This home has seen numerous updates including all new windows (2017), updated doors, new ceiling fans and additional lighting throughout (2018), recessed lighting installed in the living room (2018), shed (2025), new exterior paint (2025), composite deck (2022), and new flooring (2025). Located close to Lake Erie, parks, Mercy Health Hospital, highways, and the popular Rockin' on the River events, this property offers convenience while still being tucked away on a surprisingly quiet and peaceful street. Enjoy the best of both worlds - nearby entertainment and amenities with the comfort of a low-traffic, serene setting. Don't miss your opportunity to own this move-in ready home with acreage in Lorain!

1908 Wallace Lane | MLS# 5213958

This single family home located at 1908 Wallace Lane, Lorain, OH 44053 is currently listed for sale with an asking price of $250,000. This property was built in 1956 and has 3 bedrooms and 2 full baths with 1602 sq. ft. Wallace Lane is located in the Wallace Sub #1 subdivision within the Lorain City school district. Search Wallace Sub #1 real estate on 780homeroad.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Full, Unfinished, Sump Pump
Basement: Yes
Cooling: Ceiling Fan(s), None, Window Unit(s)
Days on Market: 2
Fireplaces: 1
Garage: 2
Heating: Baseboard, Gas
Home Style: Ranch
Lot Size: 1.46 Acres
Roof Type: Asphalt, Shingle
Stories: 1.0
Taxes: $2,839 / year
Year Built: 1956

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Dishwasher, Microwave, Range, Refrigerator
Exterior: Cedar, Wood Siding
Fencing: None
Fireplace: Wood Burning
Laundry: In Basement, Lower Level
Parcel#: 02-02-022-102-014
Parking: Concrete
Patio/Porch: Deck, Front Porch
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Source: Delta Media Group, Inc.

Demographics

Lorain County Demographic Information for 1908 Wallace Lane, Lorain, OH 44053
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

$ 1,593.43 per month $1,283.93 Principal & Interest $236.58 Property Tax $72.92 Homeowner's Insurance

Change Payment Information

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