NOT LISTED FOR SALE

31420 Lake Shore Blvd Willowick, OH 44095

Estimated Value: $236,000 - $328,000

5 Beds
2 Baths
2,858 Sq Ft
$95/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $220,000 $77 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,907/month

107 Days on Market

Highlights

  • 0.41 Acre Lot
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of January 2022

This one of a kind, updated, multi-family investment property could be yours! A rare opportunity in the city of Willowick to live in one unit and have your tenant cover many of your living expenses! This unique corner property has a large front yard, large back yard, and two large side yards as well as each unit having its own covered porch. Downstairs unit has been completely remodeled and has 3 bedrooms and 1 bathroom. Kitchen has been beautifully updated with white shaker cabinets, stainless steel appliances, and new flooring. The downstairs unit has an open concept dining room, living room, and bonus room all with beautiful original hardwood flooring. The upstairs unit has an updated kitchen and bathroom, two bedrooms, and an open concept dining room with an oversized living room with lake views in the winter and a lake breeze all year long. Both units have new hot water tanks and in suite laundry, upstairs unit has newer furnace. Shared garage boasts new doors with automatic openers and a bonus covered patio area. Both units currently rented, downstairs tenant pays $1250 per month and is month-to-month. Long term upstairs tenant pays $900 per month and is currently on a month-to-month lease.

Last Agent to Sell the Property

Glen Whitten

Ohio Property Group, LLC License #2002023149 Listed on: 07/15/2021

Last Buyer's Agent

Michelle Federico

EXP Realty, LLC. License #377353

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,327

Year Built

  • Built in 1930

Lot Details

  • 0.41 Acre Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Utilities

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

Community Details

  • 2 Units
  • Erieside Resub Community

Listing and Financial Details

  • Assessor Parcel Number 28-A-044-B-00-044-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,327

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 93.30
  • Estimated Price per Sq Ft: 93.30
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2358
  • Year Built: 1930
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Appliances Equipment: CO Detector, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished, Walk-Out
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 2358.00
  • Sq Ft Approx Below Grade Finished: 500.00
  • Sq Ft Approx Total Finished: 2858.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric
  • Garage Num Of Cars: 3

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Erieside Resub

Schools

  • School District: Willoughby-Eastlake
  • School District: Willoughby-Eastlake

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.4086
  • Parcel Number: 28-A-044-B-00-044-0

Multi Family

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

Tax Info

  • Tax: 5327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Dec 27, 2021
Sold by
Veres and Elizabeth
Bought by
Thomas Kenneth M
Seller's Agent
Glen Whitten
Ohio Property Group, LLC
Buyer's Agent
Michelle Federico
EXP Realty, LLC.
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%
Current Estimated Value
$272,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,666
Avg. Annual Appreciation
5.84%
Original Mortgage
$216,015
Outstanding Balance
$199,111
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$73,555

Purchase Details

Listed on
Feb 5, 2017
Closed on
May 12, 2017
Sold by
Cripple Creek Llc
Bought by
Veres Benjamin and Veres Elizabeth
Seller's Agent
Kevin Ball
RE/MAX Crossroads Properties
Buyer's Agent
Ruthie Lowrey
RE/MAX Crossroads Properties
List Price
$120,000
Sold Price
$105,000
Premium/Discount to List
-$15,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.28%
Original Mortgage
$78,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2012
Sold by
Dempsey Karen L
Bought by
Cripple Creek Llc

Purchase Details

Closed on
Aug 21, 1984
Bought by
Sintz Richard A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Thomas Kenneth M $220,000 Enterprise Title
Veres Benjamin $105,000 First American Title
Cripple Creek Llc $28,250 Competitive Title
Sintz Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Kenneth M $216,015
Previous Owner Veres Benjamin $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2022 01/05/22 Sold $220,000 -2.2% $77 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $224,900 -4.3% $79 / Sq Ft
08/25/2021 08/25/21 Price Changed $234,900 -1.7% $82 / Sq Ft
07/28/2021 07/28/21 Price Changed $239,000 -4.4% $84 / Sq Ft
07/15/2021 07/15/21 For Sale $249,900 +138.0% $87 / Sq Ft
05/18/2017 05/18/17 Sold $105,000 -12.5% $45 / Sq Ft View Prior Sale
04/13/2017 04/13/17 Pending -- -- --
02/05/2017 02/05/17 For Sale $120,000 -- $51 / 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 -- $76,150 $16,560 $59,590
2023 $5,545 $53,530 $14,460 $39,070
2022 $3,989 $53,530 $14,460 $39,070
2021 $5,050 $53,530 $14,460 $39,070
2020 $5,327 $42,820 $11,560 $31,260
2019 $3,321 $42,820 $11,560 $31,260
2018 $5,411 $64,070 $24,780 $39,290
2017 $5,097 $64,070 $24,780 $39,290
2016 $5,045 $64,070 $24,780 $39,290
2015 $5,047 $64,880 $25,590 $39,290
2014 $3,832 $51,460 $13,510 $37,950
2013 $3,834 $51,460 $13,510 $37,950
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4298713

MLS Now

APN: 28-A-044-B-00-044