NOT LISTED FOR SALE

1376 Lakeland Ave Lakewood, OH 44107

Estimated Value: $403,000 - $463,000

6 Beds
2 Baths
4,272 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $339,900 $80 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,968/month

9 Days on Market

Highlights

  • 2 Car Detached Garage
  • Heating System Uses Steam
  • East Facing Home
  • Grant Elementary School Rated A
  • Laundry Facilities
  • 4-minute walk to Kauffman Park

About This Home

As of September 2023

ATTN Investors or Large Families! Welcome to this spacious and well-maintained duplex nestled in the heart of Lakewood, OH. This property offers an excellent opportunity for investors seeking rental income or large families looking for a home with plenty of space to grow. With a total of 6 bedrooms and 2 bathrooms spread across 2,876 square feet, this duplex presents an incredible value in a highly sought-after location.

Property Features:
Unit 1:
* 3 bedrooms, 1 bathroom
* Bright and airy living area with ample natural light
* Cozy dining area for family gatherings
* Laundry hookups in shared basement for convenience
* Fenced-in back yard

Unit 2:
* 3 bedrooms, 1 bathroom
* Spacious layout with room for all your needs
* Well-equipped kitchen with sufficient storage space
* Comfortable living area for relaxation
* Laundry hookups in shared basement for convenience
* Fenced-in back yard

The property is ideally situated in the vibrant city of Lakewood, known for its friendly atmosphere and excellent amenities. Easy access to numerous restaurants, shops, parks, and entertainment options, making it a perfect spot for an active lifestyle.

*** Property is being sold as is and seller will make no repairs. Buyer assumes responsibility of Code Compliance inspection violations. ***

Investment Opportunity:
Investors: This duplex offers an excellent opportunity to generate rental income in a desirable neighborhood.

Last Agent to Sell the Property

Christopher Burns

Keller Williams Greater Metropolitan License #2022003089 Listed on: 08/01/2023

Keller Williams Greater Metropolitan

Last Buyer's Agent

Jeffrey Wang

Keller Williams Greater Metropolitan License #2018005006

Keller Williams Greater Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,070

Year Built

  • Built in 1893

Lot Details

  • 6,046 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 311-33-118

Community Details

Overview

  • 2 Units
  • C L & L R Newells Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,070

Year Built

Built in 1893

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: East
  • Price Per Square Foot: 118.18
  • Estimated Price per Sq Ft: 118.18
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2876
  • Year Built: 1893
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: (216) 839-5500 klrw297@kw.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1893

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 2876.00
  • Sq Ft Approx Below Grade Finished: 1396.00
  • Sq Ft Approx Total Finished: 4272.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

  • LaundryFeatures: Shared
  • Heating Fuel: Gas
  • Heating Type: Hot Water/Steam
  • 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: 0.1388
  • Parcel Number: 311-33-118

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

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

Tax Info

  • Tax: 7070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 11, 2023
Sold by
Schelgunov Kim and Schelgunov Marisa
Bought by
Drockton William E
Seller's Agent
Christopher Burns
Keller Williams Greater Metropolitan
Buyer's Agent
Jeffrey Wang
Keller Williams Greater Metropolitan
List Price
$339,900
Sold Price
$339,900
Views
46
Current Estimated Value
$443,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,270
Avg. Annual Appreciation
12.94%
Original Mortgage
$333,743
Outstanding Balance
$326,463
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$116,707

Purchase Details

Closed on
Sep 30, 2002
Sold by
Dyke Jason and Dyke Robin
Bought by
Schelgunov Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,999
Interest Rate
6.32%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 21, 2000
Sold by
Wallick Inc
Bought by
Schelgunov Kim and Dyke Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,882
Interest Rate
8.05%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2000
Sold by
Wallick Robert G Trustee and Wallick Robert G Tru
Bought by
Wallick Inc

Purchase Details

Closed on
Sep 16, 1987
Sold by
Theusch Colleen
Bought by
Wallick Robert G

Purchase Details

Closed on
Sep 6, 1984
Sold by
Anderson Edward S
Bought by
Theusch Colleen

Purchase Details

Closed on
Jan 1, 1975
Bought by
Anderson Edward S
Source: Public Records

Range of Values:

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Average Value
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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
Drockton William E $339,900 Infinity Title
Schelgunov Kim -- Statewide Title
Schelgunov Kim $147,000 Ctic
Wallick Inc -- --
Wallick Robert G $68,500 --
Theusch Colleen -- --
Anderson Edward S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drockton William E $333,743
Previous Owner Schelgunov Kim $144,999
Previous Owner Schelgunov Kim $146,882
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $339,900 0.0% $80 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $339,900 -- $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 $7,641 $118,965 $22,085 $96,880
2023 $7,025 $93,600 $18,520 $75,080
2022 $7,070 $93,590 $18,520 $75,080
2021 $6,998 $93,590 $18,520 $75,080
2020 $6,206 $72,560 $14,350 $58,210
2019 $6,083 $207,300 $41,000 $166,300
2018 $6,074 $72,560 $14,350 $58,210
2017 $5,538 $60,100 $11,520 $48,580
2016 $5,500 $60,100 $11,520 $48,580
2015 $5,204 $60,100 $11,520 $48,580
2014 $5,204 $54,640 $10,470 $44,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4478769

MLS Now

APN: 311-33-118