NOT LISTED FOR SALE

Estimated Value: $1,092,367

6 Beds
6 Baths
12,136 Sq Ft
$90/Sq Ft Est. Value

Last Sold April 15, 2024

Last sale price $1,000,050 $82 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,560/month

7 Days on Market

Highlights

  • 0.25 Acre Lot
  • 7 Car Attached Garage
  • Radiant Heating System
  • No HOA

About This Home

As of April 2024

Discover the epitome of luxury City living with this expansive 12,000 SF mixed-used property comprised of residential, gallery, and warehouse spaces. This extraordinary residence was improved throughout with meticulous updates, while displaying the beautiful character and original architectural details of the building. 1557 East 40th is an upgraded, two-story building that includes new electrical, heating, and plumbing throughout. The gorgeous living area on the second level is made up of 3,000 square feet and offers a new roof, solid core mahogany pocket doors, gorgeous wood floors, newer windows, laundry. The spacious kitchen is a dream and offers expansive counter space, pantry, stainless Bosch, Wolf, & Sub-Zero appliances, radiant floor heat. Two, substantial & updated full baths have radiant floor heat, tiled walk-in showers, modern fixtures, and beautiful exposed brick. Living & dining rooms, and two bedrooms complete this floor, including the immense primary suite with walk-in closet (and dumbwaiter!). The first level features a storefront with new half bath and commercial storefront windows with three entrance points; as well as a first floor living area with new full bath (walk-in title shower), gallery space with movable wall, and pristine basement that houses the mechanicals. 1555 E 40th is perfect for the business owner, artist, and/or anyone who just needs extra storage space! Features include a courtyard & parking area w/ automatic electric gate, two half baths, laundry, security system, insulated garage door, new office space, power washed & painted warehouse, security system, 440 and 240V power. Nestled next to Asia Town (and its superb cuisine), this property is just minutes from Downtown Cleveland, but situated on its own private oasis. This spectacular residence is genuinely unparalleled.

Last Agent to Sell the Property

Kristin Rogers

Howard Hanna License #2009000263 Listed on: 01/24/2024

Howard Hanna

Last Buyer's Agent

Dawn Balog

Russell Real Estate Services License #2006002411

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,708

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 10,724

Parking

  • 7 Car Attached Garage
  • Parking Pad
  • Workshop in Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 12,136 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 4 Main Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 10,724 Sq Ft Lot
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Joseph Lymans Allotment Subdivision

Listing and Financial Details

  • Assessor Parcel Number 104-26-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,708

Year Built

Built in 1900 | Remodeled

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Joseph Lymans Allotment
  • Above Grade Finished Sq Ft: 12136.0
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 4
  • Stories: 2

Exterior Features

  • Exterior Features: Courtyard
  • Roof: Other
  • Acres: 0.2462
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 7.0
  • Parking Features: Attached, Garage, Outside, Parking Pad, Workshop in Garage

Utilities

  • LaundryFeatures: In Bathroom, In Unit, Multiple Locations
  • Cooling: Other
  • Heating: Other, Radiant
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 104-26-016
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7708.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Apr 12, 2024
Sold by
1555-1557 E 40Th Street Llc
Bought by
Foundation Forge Llc
Seller's Agent
Kristin Rogers
Howard Hanna
Buyer's Agent
Dawn Balog
Russell Real Estate Services
List Price
$999,900
Sold Price
$1,000,050
Premium/Discount to List
$150
0.02%
Views
42
Current Estimated Value
$1,092,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,317
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Nov 20, 2014
Sold by
Wilk Harold N and Wilk Edith J
Bought by
1555-1557 E 40Th Street Llc

Purchase Details

Closed on
Aug 14, 2013
Sold by
Estate Of Harold O Wilk
Bought by
Wilk Edith J

Purchase Details

Closed on
Aug 5, 1980
Sold by
Gross Richard L and Gross Arveta
Bought by
Wilk Harold N

Purchase Details

Closed on
Jan 1, 1975
Bought by
Gross Richard L and Gross Arveta
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
Foundation Forge Llc $1,000,050 Newman Title
1555-1557 E 40Th Street Llc -- Revere Title
Wilk Edith J -- Attorney
Wilk Harold N $90,000 --
Gross Richard L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $1,000,050 0.0% $82 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $999,900 -- $82 / Sq Ft
Source: MLS Now (Howard Hanna)

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 $9,772 $94,675 $7,735 $86,940
2023 $7,708 $77,175 $6,895 $70,280
2022 $7,698 $77,180 $6,900 $70,280
2021 $7,720 $77,180 $6,900 $70,280
2020 $8,023 $77,180 $6,900 $70,280
2019 $7,554 $220,500 $19,700 $200,800
2018 $7,366 $77,180 $6,900 $70,280
2017 $4,800 $47,260 $7,460 $39,800
2016 $3,607 $35,500 $7,460 $28,040
2015 $3,626 $35,500 $7,460 $28,040
2014 $3,626 $35,850 $7,530 $28,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5013392

MLS Now (Howard Hanna)

APN: 104-26-016