NOT LISTED FOR SALE

19670 Ormiston Ave Cleveland, OH 44119

Estimated Value: $120,605 - $134,000

3 Beds
1 Bath
1,920 Sq Ft
$66/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $114,000 $59 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $896/month

10 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Porch
  • 1 Fireplace
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Discover the perfect turnkey addition to your INVESTMENT PORTFOLIO at 19670 Ormiston Ave. This charming residence presents a lucrative opportunity with a long-term tenant already in place, ensuring a steady income stream from day one. Boasting 3 bedrooms and 1 bathroom, this well-maintained property offers comfortable living spaces for tenants to enjoy (current owner is selling his portfolio to invest in larger projects). Relax on the inviting porch or utilize the 1.5-car detached garage for convenience and storage. Below market rent at $1100 has room for improvement, and the tenant responsible for all utilities & lawncare, this investment with immediate returns. The quality, month-to-month tenant adds stability to the investment, making it an attractive option for savvy investors. Nestled on a quiet street in the heart of Euclid (increasing property values), this property offers a peaceful retreat in a quality city environment. The cozy fireplace in the living room adds charm, creating a welcoming atmosphere for residents (current tenant does not use).The refreshed white kitchen, complemented by a formal dining room, provides a functional and stylish space for meal preparation and entertaining. An unfinished basement offers additional potential for future enhancements or storage needs w/laundry facilities. The tenant expresses a desire to remain, further solidifying the investment's stability and long-term returns. Whether you're just starting your investment journey or looking to expand your portfolio, this home presents an easy and rewarding opportunity. Contact us today to learn more and take the first step towards financial freedom. Please view photos w/ some notice for showings. Proof of funds or preapproval required before showing...contact listing agent directly.

Last Agent to Sell the Property

Christopher Frederick

Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com 216-210-7653 License #426983 Listed on: 05/31/2024

Coldwell Banker Schmidt Realty

Last Buyer's Agent

Kathleen Bassett

Shoreway Realty Group License #2012001595

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,012

Year Built

  • Built in 1930

Lot Details

  • 4,060 Sq Ft Lot
  • Lot Dimensions are 35x116

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Monthts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 641-15-088

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,012

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1930
  • Attribution Contact: thefrederickteam@gmail.com 216-210-7653
  • Co List Office Phone: 440-327-2123
  • Subdivision Name: Monthts
  • Above Grade Finished Sq Ft: 1152.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 768.0
  • Main Level Bedrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.0932
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Brick
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Cooling: Central Air, None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Euclid CSD - 1813

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 641-15-088
  • LandLeaseYN: No
  • Lot Dimensions: 35x116
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2012.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 1, 2024
Sold by
Manfredi Management Group Ltd
Bought by
Lucky & Luke Holdings Llc
Seller's Agent
Christopher Frederick
Coldwell Banker Schmidt Realty
Buyer's Agent
Kathleen Bassett
Shoreway Realty Group
List Price
$119,900
Sold Price
$114,000
Premium/Discount to List
-$5,900
-4.92%
Views
40
Current Estimated Value
$127,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,651
Avg. Annual Appreciation
8.00%

Purchase Details

Closed on
Apr 28, 2022
Sold by
Schneider Sr Thomas A and Schneider Mary A
Bought by
Manfredi Management Group Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.42%
Mortgage Type
Construction

Purchase Details

Closed on
May 14, 1993
Sold by
Gregorc Molly
Bought by
Schneider Thomas A

Purchase Details

Closed on
Jan 1, 1975
Bought by
Gregorc Molly
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lucky & Luke Holdings Llc $114,000 Innovative Title
Manfredi Management Group Ltd $65,000 New Title Company Name
Schneider Thomas A $57,000 --
Gregorc Molly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manfredi Management Group Ltd $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $114,000 -4.9% $59 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $119,900 -- $62 / 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 $2,720 $38,605 $7,245 $31,360
2023 $2,012 $22,340 $5,780 $16,560
2022 $1,968 $63,800 $16,500 $47,300
2021 $2,186 $22,330 $5,780 $16,560
2020 $1,842 $16,910 $4,380 $12,530
2019 $1,655 $48,300 $12,500 $35,800
2018 $835 $16,910 $4,380 $12,530
2017 $1,685 $14,220 $2,840 $11,380
2016 $1,689 $14,220 $2,840 $11,380
2015 $1,544 $14,220 $2,840 $11,380
2014 $1,544 $14,220 $2,840 $11,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5041762

MLS Now

APN: 641-15-088