For the record the A-Z of multi – property owners Lorain- “A”
We will now begin with the WHO IS WHO of Lorain’s multi property owners.
For the princely sum of $25.00 and a public records request to the Lorain County Auditor I received a “disc” with all the non commercial property owners in Lorain .
In coming weeks I will give my readers a listing of those who own the multi- properties. Those with 3 or 4 properties listed I skipped over – I want the people who are “determining” the conditions of Lorain’s neighborhood.
Starting with the A’s –
once I found a name listed more than three times I pulled ( where able) their mailing addresses/ home addresses then I scanned the photos of each of their properties from the Auditors website to see what their properties looked like. The first up was
Abouelhana – Magdis
Now under this name there are 9 properties and under the “one?” investment company
ASM Investments there are a further 69 properties including the one where the tax bills are mailed ( NOTE) this address is a Lorain address. In my opinion, A PLUS – at least they are living in Lorain – almost😉
Now interestingly enough the properties under this group etc. ( at least from the photos on the auditor’s site) aren’t in too bad of a condition. These properties seem to be on the whole in pretty good condition. Granted I didn’t look at every property. I just clicked on addresses where other homes in the neighborhood were “failing”. You too can look for yourself
NOTE: All photos are the most recent from the Lorain County Auditors site – I take no responsiblity for their accuracy today. If anyone sees they are in either worse or better condition please contact me
For instance this property 321 W 30th was sold August 24th 2010 to ASM for $8,000 from the Secretary of HUD.
And this home ( proximity to my neighborhood) 1307 W 5th Street
sold to ASM 1/26/2009 for $24,503 looks like a bank deal – Tribeca Lending Corp
Seemingly , the most money that ASM Investments paid for a property ( apart from a Block Buster property ) was approximately 28 thousand dollars –
as with this house on 2064 E 37th Street which was sold in 2004 for $83.500 and 6 years later was purchased by ASM Investments for $27,000. another bank deal “Federal Home Loan Mortgage”
The lowest price I see is $4,000 for 119 W 31st Street purchased off of Jason Davis ( you remember him)
The average price paid ?
Answer: under 20 thousand ( apart from Block Buster) by ASM Investments
for the other 67 or so properties .
Abouelhana Magdi had a much higher end on the 9 properties listed to that name the lowest being $12,000 and the highest being $650,000.00
NOTE: ALL INFORMATION PHOTOS OBTAINED THROUGH THE LORAIN COUNTY AUDITORS SITE- I AM NOT RESPONSIBLE FOR ANY INCORRECT DOCUMENTED INFORMATION TAKEN FROM THE AUDITORS RECORDS.
Next Up —— to be continued