NOT LISTED FOR SALE

2425 Lee Rd Cleveland, OH 44118

5 Beds
3 Baths
2,504 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: December 21, 2018

Last sale price $214,000 $85 Per Sq Ft

5 Days on Market

Highlights

  • Community Pool
  • 2 Car Detached Garage
  • Shops
  • Tennis Courts
  • Park
  • Forced Air Heating System

About This Home

As of December 2018

Investors! Turnkey 2016 renovated 3 family home in Cleveland Hts across from Fairfax Elementary school. Renovated extensively inside & out with remodeled Kitchens, Baths, plus all new plumbing, lighting, electrical and the list goes on. Tenants pay all utilities including water, sewer and garbage. Laundry in basement has separated washer and dryers that are also on their own separate meters. Serious investors this is a double digit CAP rate buy and hold investment opportunity you won't want to miss!

Last Agent to Sell the Property

Amanda Pohlman

Deleted Agent License #2005016813 Listed on: 11/06/2018

Deleted Agent

Last Buyer's Agent

Amanda Pohlman

Deleted Agent License #2005016813 Listed on: 11/06/2018

Deleted Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1920

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,504 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, heating, sewer, trash collection, water
  • Assessor Parcel Number 687-11-015

Community Details

Overview

  • 3 Units
  • Shaker Allotment Cos 01 Community

Amenities

  • Shops

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1920

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 85.46
  • Estimated Price per Sq Ft: 85.46
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Total Sq Ft: 2504
  • Year Built: 1920
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 2504.00
  • Sq Ft Approx Total Finished: 2504.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities: Park, Playground, Pool, Shopping/Mall, Tennis Courts

Condo/Co-op/Association

  • Subdivision Complex: Shaker Allotment Cos 01

Schools

  • School District: Cleveland Hts-Univer

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1722
  • Parcel Number: 687-11-015

Rental Info

  • Tenant Pays: Cable/Electric Link, Electric, Gas, Heating, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 3
  • Gross Income: 34800.00
  • Num Of Buildings: 1
  • Number of Units: 3
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
Bought by

Purchase Details

Listed on
Nov 6, 2018
Closed on
Dec 18, 2018
Sold by
Bought by
Seller's Agent
Amanda Pohlman
Deleted Agent
Buyer's Agent
Amanda Pohlman
Deleted Agent
List Price
$225,000
Sold Price
$214,000
Premium/Discount to List
-$11,000
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,875
Interest Rate
0.049%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 1983
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 1981
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 1977
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1975
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$252,000 None Listed On Document
$214,000 Greater Cleveland Title
-- None Available
$22,000 Prism Title & Closing
$35,000 Us Land Title Llc
$80,000 Attorney
$55,000 --
-- --
$38,300 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $227,500
Closed $154,875
Closed $98,000
Closed $326,000
Closed $110,000
Closed $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $214,000 -4.9% $85 / Sq Ft
11/11/2018 11/11/18 Pending -- -- --
11/06/2018 11/06/18 For Sale $225,000 -- $90 / Sq Ft
Source: MLS Now

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,553 $89,320 $12,880 $76,440
2024 $7,711 $89,320 $12,880 $76,440
2023 $8,270 $74,910 $6,480 $68,430
2022 $8,229 $74,900 $6,475 $68,425
2021 $8,067 $74,900 $6,480 $68,430
2020 $3,967 $32,870 $5,780 $27,090
2019 $3,753 $93,900 $16,500 $77,400
2018 $2,121 $32,870 $5,780 $27,090
2017 $1,021 $7,700 $1,680 $6,020
2016 $1,020 $40,010 $8,860 $31,150
2015 $52,683 $40,010 $8,860 $31,150
2014 $52,683 $40,010 $8,860 $31,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4050343

MLS Now

APN: 687-11-015

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