NOT LISTED FOR SALE

14225 Rainbow Ave Cleveland, OH 44111

Jefferson Neighborhood

Estimated Value: $101,000 - $189,000

4 Beds
2 Baths
2,720 Sq Ft
$54/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $103,000 $38 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $884/month

6 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of February 2020

This Duplex home is a great opportunity for investors as a cash positive property! Also perfect for first time homebuyers by cutting your rent in half! Two (2) bedrooms, large family room, dining room, eat in kitchen, partially finished basement and walk out back porch and full sized back yard. Upstairs you'll find two nice sized bedrooms with good closet space and a full bath. Basement is plumbed to update second full bath. Newer furnace and all mechanicals. Many room freshly repainted. Shared wall with adjacent Duplex side-by-side home. The home has been well cared for and is in a convenient location. Close to all major highways, downtown, West Park and Lakewood night life, shopping and schools! If you have a buyer considering jumping into real estate investment...don't hesitate to call with any questions or to set up a private showing today!

Last Agent to Sell the Property

Greg Erlanger

Keller Williams Citywide License #2004000516 Listed on: 01/21/2020

Keller Williams Citywide

Last Buyer's Agent

The Young Team

Keller Williams Greater Metropolitan License #2009004440

Keller Williams Greater Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,219

Year Built

  • Built in 1945

Lot Details

  • 3,450 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 024-35-091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,219

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 55.80
  • Estimated Price per Sq Ft: 55.80
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1846
  • Year Built: 1945
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1945

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished
  • Sq Ft Approx Above Grade Finished: 1846.00
  • Sq Ft Approx Below Grade Finished: 874.00
  • Sq Ft Approx Total Finished: 2720.00

Exterior Features

  • Exterior: Aluminum, Brick, Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Cleveland Municipal
  • School District: Cleveland Municipal

Lot Info

  • Additional Assessor Parcel Number 1: 024-35-092
  • Lot Size Units: Acres
  • Acres: 0.0792
  • Parcel Number: 024-35-091

Rental Info

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

Multi Family

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

Tax Info

  • Tax: 1219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Gma Real Estate Capital Llc
Bought by
Gmarec2 Llc
Current Estimated Value
$145,667

Purchase Details

Closed on
Nov 11, 2022
Sold by
Gma Real Estate Capital Llc
Bought by
Gma Real Estate Capital Llc

Purchase Details

Closed on
Dec 17, 2020
Sold by
Aronov Gary M and Lake Marina B
Bought by
Baba Marina Llc

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 13, 2020
Sold by
Fronczak Daniel J and Hardy Richard D
Bought by
Aronova Gary M and Lake Marina B
Seller's Agent
Greg Erlanger
Keller Williams Citywide
Buyer's Agent
The Young Team
Keller Williams Greater Metropolitan
List Price
$99,000
Sold Price
$103,000
Premium/Discount to List
$4,000
4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$51,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 1988
Sold by
Fronczak Daniel
Bought by
Fronczak Daniel J

Purchase Details

Closed on
Apr 26, 1988
Sold by
Dechellis John A
Bought by
Fronczak Daniel

Purchase Details

Closed on
Jun 20, 1985
Sold by
Daly William M
Bought by
Dechellis John A

Purchase Details

Closed on
Feb 29, 1980
Sold by
Kistemaker Roger A and Kistemaker Phyllis
Bought by
Daly William M

Purchase Details

Closed on
Jan 1, 1975
Bought by
Kistemaker Roger A and Kistemaker Phyllis
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
Gmarec2 Llc -- Ohio Real Title
Gma Real Estate Capital Llc -- Revere Title
Baba Marina Llc -- Accommodation
Aronova Gary M $103,000 Progressive Land Title Ag
Fronczak Daniel J $14,900 --
Fronczak Daniel $1,700 --
Dechellis John A $10,000 --
Daly William M $31,000 --
Kistemaker Roger A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aronov Gary M $752,993
Previous Owner Aronova Gary M $51,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $103,000 +4.0% $38 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $99,000 -- $36 / 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 $1,079 $16,135 $4,620 $11,515
2023 $760 $9,800 $3,430 $6,370
2022 $755 $9,800 $3,430 $6,370
2021 $748 $9,800 $3,430 $6,370
2020 $671 $7,600 $2,660 $4,940
2019 $622 $21,700 $7,600 $14,100
2018 $700 $7,600 $2,660 $4,940
2017 $787 $9,310 $2,940 $6,370
2016 $781 $9,310 $2,940 $6,370
2015 $1,251 $9,310 $2,940 $6,370
2014 $1,251 $9,800 $3,080 $6,720
Source: Public Records

Agents Affiliated with this Home

  • Greg Erlanger

    Seller's Agent in 2020

    Greg Erlanger

    Keller Williams Citywide

    (440) 892-2211

    56 in this area

    3,810 Total Sales

    Section Image
  • The Young Team

    Buyer's Agent in 2020

    The Young Team

    Keller Williams Greater Metropolitan

    (216) 378-9618

    8 in this area

    731 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 4155550

MLS Now

APN: 024-35-091

Ohio Cuyahoga County Cleveland 44111 Jefferson

14225 Rainbow Ave, Cleveland, OH

This home is located at 14225 Rainbow Ave, Cleveland, OH 44111 since 21 January 2020 and is currently estimated at $145,667, approximately $53 per square foot. This property was built in 1945. 14225 Rainbow Ave is a home located in Cuyahoga County with nearby schools including Artemus Ward School, Almira Academy, and Anton Grdina School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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