NOT LISTED FOR SALE

1615 Lauderdale Ave Lakewood, OH 44107

Estimated Value: $263,000 - $295,000

3 Beds
2 Baths
1,514 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $85,000 $56 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $1,807/month

14 Days on Market

Highlights

  • 1 Car Detached Garage
  • Grant Elementary School Rated A
  • Forced Air Heating System

About This Home

As of May 2016

Opportunity everywhere you look! Investor could renovate this home for a great income property on Lakewood's westside. Or restore this home to what it once was with a single family conversion. The property has a great layout and is in great shape for the price. A lot of natural wood work and built-ins. Harwood floors underneath the carpet are in great shape. Kitchen and first floor bath just need some finishing touches. The upper unit has 2 large bedrooms and potential for a master suite. Walk up attic of the hallway for storage. So much potential. Do not miss out on this home.

Last Agent to Sell the Property

Kyle Lawrence

Keller Williams Citywide License #2014002273 Listed on: 03/10/2016

Keller Williams Citywide

Last Buyer's Agent

Kyle Lawrence

Keller Williams Citywide License #2014002273 Listed on: 03/10/2016

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 4,321 Sq Ft Lot
  • Unpaved Streets

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,514 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Mathew & Gilbert Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 313-24-050

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 56.14
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1514
  • Year Built: 1916
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1916

Interior Features

  • Appliances Equipment: Range
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Living Area Sq Ft: 1514
  • Estimated Total Living Area: 1514
  • Estimated Sq Ft: 1514

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 1

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Mathew & Gilbert

Schools

  • School District: Lakewood CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0992
  • Parcel Number: 313-24-050

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable/Electric Link, Electric, Gas

Multi Family

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

Tax Info

  • Tax: 3522

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 4, 2016
Sold by
Bay West Properties Llc
Bought by
Piotrowski Alex
Seller's Agent
Kyle Lawrence
Keller Williams Citywide
Buyer's Agent
Kyle Lawrence
Keller Williams Citywide
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Current Estimated Value
$277,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,631
Avg. Annual Appreciation
13.24%
Original Mortgage
$63,750
Outstanding Balance
$50,832
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$226,799

Purchase Details

Closed on
Feb 29, 2016
Sold by
Schwarz John Gerard
Bought by
Bay West Properties Llc

Purchase Details

Closed on
Oct 19, 1998
Sold by
Cooney Frances R
Bought by
Schwarz Albert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
6.9%

Purchase Details

Closed on
Jan 1, 1975
Bought by
Johnston Vivian J
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
Piotrowski Alex $85,000 Ohio Real Title
Bay West Properties Llc $54,000 Attorney
Schwarz Albert M $83,500 --
Johnston Vivian J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Piotrowski Alex $63,750
Previous Owner Schwarz Albert M $71,500
Closed Schwarz Albert M $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2016 05/10/16 Sold $85,000 -5.5% $56 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $89,900 -- $59 / 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 $4,159 $64,750 $18,620 $46,130
2023 $4,101 $54,640 $14,420 $40,220
2022 $4,127 $54,640 $14,420 $40,220
2021 $4,085 $54,640 $14,420 $40,220
2020 $3,623 $42,350 $11,170 $31,190
2019 $3,551 $121,000 $31,900 $89,100
2018 $1,773 $42,350 $11,170 $31,190
2017 $3,377 $36,650 $9,140 $27,510
2016 $3,354 $36,650 $9,140 $27,510
2015 $3,354 $36,650 $9,140 $27,510
2014 $3,174 $33,330 $8,300 $25,030
Source: Public Records

Agents Affiliated with this Home

  • Kyle Lawrence

    Seller's Agent in 2016

    Kyle Lawrence

    Keller Williams Citywide

    (440) 346-0929

    35 in this area

    236 Total Sales

    Kyle Lawrence
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Map

Source: MLS Now

MLS Number: 3788267

MLS Now

APN: 313-24-050

Ohio Cuyahoga County Lakewood 44107

1615 Lauderdale Ave, Lakewood, OH

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