NOT LISTED FOR SALE

Estimated Value: $292,812 - $417,000

6 Beds
4 Baths
2,582 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $295,000 $114 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,239/month

72 Days on Market

Highlights

  • 2 Car Detached Garage
  • West Facing Home
  • Level Lot
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

Here is your chance! Rare brick duplex in RIDGE ACRES, a sought-after central Willoughby Lake County neighborhood. A solid side by side with one unit rented and one vacant. This leaves the possibility open for an owner occupant to buy and 'house hack' with a low down loan. FHA 3.5% down loan eligible, or conventional as low as 5% down (Due to loan changes Nov 2023, ask your lender!). VA loan eligible with 0% down! Each unit has 3 bedrooms, 1.5 baths, and storage/laundry in the dry basements. One of 8 duplexes in a row, this end unit has the largest lot of all 8 with ample parking and room for expansion. New furnaces in both units (2021). Beautiful hardwood floors under carpets/LVP (photos avail). 2 car garage with new door (2022) and newer roof. Newer concrete drive/drains (2011). Fenced rear yard, large rear overhang over concrete patio. Building-wide front porch. Two large trees removed 2023. Not a converted century home, this is a newer purpose-built investment building. Low taxes! Current resident pays $1250 per month, market rent closer to $1500 per unit. High demand area. Residents pay utilities. ALL are split in this particular building which is unique to others on street. Residents pay water, sewer, gas, electric, trash, cable, and also split yard & snow duties/costs. Seller can close before or after 12/31/23 to assist with buyer tax planning or fund allocation. Rare opportunity to get started or to build your portfolio with this solid Lake County duplex! Don't wait!

Last Agent to Sell the Property

Jeffrey Brower

Keller Williams Greater Cleveland Northeast Brokerage Email: jeffbrower@kw.com (216) 280-7035 License #2016005386 Listed on: 11/17/2023

Keller Williams Greater Cleveland Northeast

Last Buyer's Agent

Patricia Zaller

HomeSource Real Estate LLC License #2004000500

HomeSource Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,562

Year Built

  • Built in 1963

Lot Details

  • 10,498 Sq Ft Lot
  • West Facing Home
  • Chain Link Fence
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry in unit
  • Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

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

Community Details

  • 2 Units
  • Ridge Acres Estates Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 27-A-007-H-00-009-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,562

Year Built

Built in 1963

Lot Details

10,498 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1963
  • Attribution Contact: jeffbrower@kw.com (216) 280-7035
  • ResoLotFeatures: Flat, Level
  • ResoSecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name: Ridge Acres Estates
  • Above Grade Finished Sq Ft: 2432.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Sump Pump
  • Basement: Yes
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 150.0
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Chain Link
  • Acres: 0.241
  • Disclosures: Owner Is Listing Agent
  • Home Warranty: No
  • Construction Type: Brick
  • Direction Faces: West

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Electricity, Garage, Garage Door Opener, Paved

Utilities

  • LaundryFeatures: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Willoughby-Eastlake - 4309

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 27-A-007-H-00-009-0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4562.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Jan 30, 2024
Sold by
Brower Jeffrey
Bought by
Zaller Raymond K
Seller's Agent
Jeffrey Brower
Keller Williams Greater Cleveland Northeast
Buyer's Agent
Patricia Zaller
HomeSource Real Estate LLC
List Price
$309,900
Sold Price
$295,000
Premium/Discount to List
-$14,900
-4.81%
Views
90
Current Estimated Value
$352,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,953
Avg. Annual Appreciation
8.70%
Original Mortgage
$168,400
Outstanding Balance
$164,757
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
$188,196

Purchase Details

Closed on
Jun 5, 2018
Sold by
Grambo Angela J
Bought by
Brower Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2013
Sold by
Estate Of Richard E Grambo
Bought by
Grambo Angela J

Purchase Details

Closed on
Aug 5, 2011
Sold by
Grambo Richard E and Grambo Angela J
Bought by
Grambo Richard E and Grambo Angela J

Purchase Details

Closed on
Nov 8, 1968
Bought by
Grambo Richard E
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
Zaller Raymond K $295,000 Emerald Glen Title
Brower Jeffrey $175,000 Lawyers Title Agency Of Char
Grambo Angela J -- None Available
Grambo Richard E -- Attorney
Grambo Richard E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaller Raymond K $168,400
Previous Owner Brower Jeffrey $171,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $295,000 -4.8% $114 / Sq Ft
01/28/2024 01/28/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $309,900 0.0% $120 / Sq Ft
12/28/2023 12/28/23 Pending -- -- --
12/02/2023 12/02/23 Price Changed $309,900 -3.1% $120 / Sq Ft
11/17/2023 11/17/23 For Sale $319,900 -- $124 / Sq Ft
Source: MLS Now

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
2025 -- $92,910 $15,940 $76,970
2024 -- $92,910 $15,940 $76,970
2023 $6,814 $71,970 $13,550 $58,420
2022 $4,563 $71,970 $13,550 $58,420
2021 $4,770 $71,970 $13,550 $58,420
2020 $4,461 $58,990 $11,110 $47,880
2019 $3,924 $58,990 $11,110 $47,880
2018 $3,870 $56,190 $20,830 $35,360
2017 $3,916 $56,190 $20,830 $35,360
2016 $3,902 $56,190 $20,830 $35,360
2015 $3,752 $56,190 $20,830 $35,360
2014 $3,368 $53,050 $20,830 $32,220
2013 $3,370 $53,050 $20,830 $32,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4503151

MLS Now

APN: 27-A-007-H-00-009

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