NOT LISTED FOR SALE

2505 Tate Ave Cleveland, OH 44109

Old Brooklyn Neighborhood

Estimated Value: $127,797 - $135,000

2 Beds
1 Bath
1,208 Sq Ft
$109/Sq Ft Est. Value

Last Sold January 18, 2023

Last sale price $99,900 $83 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $901/month

6 Days on Market

Highlights

  • Cape Cod Architecture
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of January 2023

Great opportunity to bring a little TLC and make this home yours, or add to your portfolio as a rental! This home can easily be converted to 4 bedrooms to maximize your income. Great location, close to shopping and dining. Schedule your showing today! This property could be part of a package deal with other properties in seller’s portfolio. Property being sold as is.

Last Agent to Sell the Property

Greg Erlanger

Keller Williams Citywide License #2004000516 Listed on: 12/14/2022

Keller Williams Citywide

Last Buyer's Agent

Thomas Fischer

RE/MAX Above & Beyond License #2020005304

RE/MAX Above & Beyond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,711

Year Built

  • Built in 1912

Lot Details

  • 4,482 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Asphalt Roof

Interior Spaces

  • 1,208 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Broadview Allotment/M F Polcar Community

Listing and Financial Details

  • Assessor Parcel Number 011-05-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,711

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Cape Cod
  • Price Per Square Foot: 82.70
  • Estimated Price per Sq Ft: 82.70
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.50
  • Total Sq Ft: 1208
  • Year Built: 1912
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1912

Interior Features

  • Total Bedrooms: 2
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 5
  • Basement Detail: Unfinished
  • Sq Ft Approx Above Grade Finished: 1208.00
  • Sq Ft Approx Total Finished: 1208.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Broadview Allotment/M F Polcar

Schools

  • School District: Cleveland Municipal

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1029
  • Parcel Number: 011-05-033
  • LandLeaseYN: No

Tax Info

  • Tax: 1711

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2023
Sold by
Tgif Properties Llc
Bought by
Tgif Holdings Llc
Current Estimated Value
$132,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,963
Outstanding Balance
$137,936
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
-$5,737

Purchase Details

Listed on
Dec 14, 2022
Closed on
Jan 16, 2023
Sold by
4318 Woburn Avenue Trust and Hammock Investments Llc
Bought by
Tgif Holdings Llc
Seller's Agent
Greg Erlanger
Keller Williams Citywide
Buyer's Agent
Thomas Fischer
RE/MAX Above & Beyond
List Price
$99,900
Sold Price
$99,900
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$1,375,000
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 25, 2021
Sold by
Lglg Llc
Bought by
Hammock Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2014
Sold by
Ohio State Properties Ltd
Bought by
Lglg Llc

Purchase Details

Closed on
Nov 14, 2007
Sold by
Fifth Third Mortgage Co
Bought by
Ohio State Properties Ltd

Purchase Details

Closed on
Aug 8, 2006
Sold by
Bragg Charles and Bragg Helen
Bought by
Fifth Third Mortgage Co

Purchase Details

Closed on
Jul 19, 2001
Sold by
Ohara Diana Fka Peer Diana L
Bought by
Bragg Charles A and Bragg Helen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.16%

Purchase Details

Closed on
Feb 8, 1991
Sold by
Ohara Gerald B
Bought by
Ohara Diana Fka

Purchase Details

Closed on
Dec 12, 1978
Sold by
Kristof Helen
Bought by
Ohara Gerald B

Purchase Details

Closed on
Jan 1, 1975
Bought by
Kristof Helen
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
Tgif Holdings Llc -- Chicago Title
Tgif Holdings Llc $1,000,000 Chicago Title
Hammock Investments Llc $3,241,000 None Available
Lglg Llc -- Chicago Title Insurance C
Ohio State Properties Ltd $38,000 Prism Title & Closing Servic
Fifth Third Mortgage Co $65,000 Ohio Title Corp
Bragg Charles A $74,000 Approved Statewide Title Age
Ohara Diana Fka -- --
Ohara Gerald B $28,400 --
Kristof Helen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tgif Holdings Llc $141,963
Previous Owner Tgif Holdings Llc $1,375,000
Previous Owner Hammock Investments Llc $8,000,000
Previous Owner Bragg Charles A $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2023 01/18/23 Sold $99,900 0.0% $83 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/14/2022 12/14/22 For Sale $99,900 -- $83 / 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 $2,504 $37,450 $8,120 $29,330
2023 $1,737 $22,400 $5,600 $16,800
2022 $1,727 $22,400 $5,600 $16,800
2021 $1,711 $22,400 $5,600 $16,800
2020 $1,533 $17,360 $4,340 $13,020
2019 $1,420 $49,600 $12,400 $37,200
2018 $1,385 $17,360 $4,340 $13,020
2017 $1,365 $16,140 $3,400 $12,740
2016 $1,354 $16,140 $3,400 $12,740
2015 $1,509 $16,140 $3,400 $12,740
2014 $1,509 $17,920 $3,780 $14,140
Source: Public Records

Agents Affiliated with this Home

  • Greg Erlanger

    Seller's Agent in 2023

    Greg Erlanger

    Keller Williams Citywide

    (216) 570-3270

    86 in this area

    3,751 Total Sales

    Greg Erlanger
    Section Image

  • T

    Buyer's Agent in 2023

    Thomas Fischer

    RE/MAX

    (440) 546-1313

    10 in this area

    103 Total Sales

    Thomas Fischer
    Section Image
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Map

Source: MLS Now

MLS Number: 4428039

MLS Now

APN: 011-05-033

Ohio Cuyahoga County Cleveland 44109 Old Brooklyn

2505 Tate Ave, Cleveland, OH

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