NOT LISTED FOR SALE

1303 Summit Ave Lakewood, OH 44107

Estimated Value: $374,669 - $410,000

6 Beds
2 Baths
3,128 Sq Ft
$124/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $275,000 $88 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,805/month

3 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • West Facing Home
  • Lincoln Elementary School Rated A

About This Home

As of March 2021

Don’t miss this massive 2-family home in prime Lakewood location, just steps away from Detroit Ave entertainment, attractions, and shopping. Wonderfully maintained duplex offering a rare 6 bedrooms is perfect for an investor seeking a turn key cash flowing opportunity or an owner occupant looking to own while tenants assist with mortgage. Each unit in this oversized 2-family home features over 1,200 square feet of living space which includes sizeable bedrooms, large dining room and adjacent living room and functional kitchens. The upstairs unit features additional living space and 2 extra bedrooms which makes it the perfect extra space for increased rent or extra room for family or roommates. The home is in a great location -- close to schools, parks, restaurants and entertainment
venues, and it has easy access to freeways and mass transit.

Last Agent to Sell the Property

Matthew Ditlevson

Russell Real Estate Services License #2017002435 Listed on: 02/25/2021

Russell Real Estate Services

Co-Listed By

Mark Vittardi

CENTURY 21 DePiero & Associates, Inc. License #2012003376

Last Buyer's Agent

Michael Thies

Keller Williams Citywide License #418125

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,341

Year Built

  • Built in 1915

Lot Details

  • 5,040 Sq Ft Lot
  • West Facing Home

Parking

  • 2 Car Detached Garage

Home Design

  • Slate Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,128 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • C L & L R Newells Community

Listing and Financial Details

  • Assessor Parcel Number 311-32-076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,341

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: West
  • Price Per Square Foot: 87.92
  • Estimated Price per Sq Ft: 87.92
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.50
  • Total Sq Ft: 3128
  • Year Built: 1915
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished
  • Sq Ft Approx Above Grade Finished: 3128.00
  • Sq Ft Approx Total Finished: 3128.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Slate

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: C L & L R Newells

Schools

  • School District: Lakewood CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1157
  • Parcel Number: 311-32-076

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 4341

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2005
Sold by
Gonzalez Lawrence L and Gonzalez Dorothy L
Bought by
Flaherty Christian J
Current Estimated Value
$388,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Outstanding Balance
$13,309
Interest Rate
7%
Mortgage Type
Unknown
Estimated Equity
$375,608

Purchase Details

Closed on
Jul 19, 1985
Sold by
Eicholz Jack E
Bought by
Gonzalez Lawrence and Gonzalez Dorothy

Purchase Details

Closed on
Mar 4, 1977
Sold by
Eicholz Jack and Eicholz Helen
Bought by
Eicholz Jack E

Purchase Details

Closed on
Jan 1, 1975
Bought by
Eicholz Jack and Eicholz Helen
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flaherty Christian J $157,500 Premier Title Agency Ltd
Gonzalez Lawrence $50,000 --
Eicholz Jack E -- --
Eicholz Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flaherty Christian J $23,500
Open Flaherty Christian J $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $275,000 +10.0% $88 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $250,000 -- $80 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,233 $96,250 $19,040 $77,210
2023 $4,913 $65,460 $16,840 $48,620
2022 $6,573 $65,450 $16,840 $48,620
2021 $4,894 $65,450 $16,840 $48,620
2020 $4,341 $50,750 $13,060 $37,700
2019 $4,255 $145,000 $37,300 $107,700
2018 $4,275 $50,750 $13,060 $37,700
2017 $4,332 $47,010 $10,470 $36,540
2016 $4,302 $47,010 $10,470 $36,540
2015 $4,070 $47,010 $10,470 $36,540
2014 $4,070 $42,740 $9,520 $33,220
Source: Public Records

Agents Affiliated with this Home

  • Matthew Ditlevson

    Seller's Agent in 2021

    Matthew Ditlevson

    Russell Real Estate Services

    (440) 228-7164

    5 in this area

    85 Total Sales

    Matthew Ditlevson
    Section Image
  • Mark Vittardi

    Seller Co-Listing Agent in 2021

    Mark Vittardi

    CENTURY 21 DePiero & Associates, Inc.

    (440) 666-3405

    18 in this area

    577 Total Sales

    Mark Vittardi
    Section Image
  • Michael Thies

    Buyer's Agent in 2021

    Michael Thies

    Keller Williams Citywide

    (440) 821-4429

    28 in this area

    221 Total Sales

    Michael Thies
    Section Image
  • Kyle Lawrence

    Buyer Co-Listing Agent in 2021

    Kyle Lawrence

    Keller Williams Citywide

    (440) 346-0929

    35 in this area

    238 Total Sales

    Kyle Lawrence
    Section Image
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Map

Source: MLS Now

MLS Number: 4258423

MLS Now

APN: 311-32-076

Ohio Cuyahoga County Lakewood 44107

1303 Summit Ave, Lakewood, OH

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