NOT LISTED FOR SALE

5451 Broadview Rd Unit 4/5 Parma, OH 44134

Estimated Value: $369,941

-- Bed
1 Bath
2,810 Sq Ft
$132/Sq Ft Est. Value

About This Home

OFFICE SPACE NOT A LIVING SPACE. Multi-suite deal! This office includes a separate small conference room which can be used for private meetings and calls. This professional commercial office building has a great location, surrounded by commercial retail and residential properties. High traffic area and exposure. The entire building has many updates featuring newer air conditioners, newer hot water tanks, a newer roof, and newer paint throughout. The lease covers all utilities - gas, electricity, water & sewer, and real estate taxes. It also covers common area (center hallway) maintenance and outdoor maintenance. There is a substantial rear parking lot with easy access from a side street, which can easily park 14 plus vehicles, so there is plenty of parking. A big plus is a lower-than-average rental price for the area, including all utilities.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Gergilevich Svetlana P and Gergilevich Svetlana P
Bought by
Grove View Group Llc
Current Estimated Value
$369,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Outstanding Balance
$218,912
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$151,029

Purchase Details

Closed on
Jun 29, 2017
Sold by
Kiemschies Brigitte M and Kiemschies Drigitte
Bought by
Gergilevich Svetlana P and Svetlana P Gergilevich Inheritance Trust

Purchase Details

Closed on
Sep 7, 2000
Sold by
Repp Ralph J
Bought by
Kiemschies Horst and Kiemschies Drigitte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 1998
Sold by
Estate Of Harriet W Franks
Bought by
Repp Janice J and Franks Dennis W

Purchase Details

Closed on
Apr 26, 1994
Sold by
Franks Ellsworth A and H W
Bought by
Repp Ralph J

Purchase Details

Closed on
Jan 1, 1975
Bought by
Franks Ellsworth A and H W
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Grove View Group Llc $295,000 None Available
Gergilevich Svetlana P $252,500 Transfer Title
Kiemschies Horst $315,000 Quality Title Agency Inc
Repp Janice J -- --
Repp Ralph J $90,000 --
Franks Ellsworth A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grove View Group Llc $236,000
Previous Owner Kiemschies Horst $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Rented $750 0.0% --
07/25/2023 07/25/23 Under Contract -- -- --
07/22/2023 07/22/23 For Rent $750 -- --

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 $8,423 $101,675 $15,295 $86,380
2023 $8,844 $103,260 $15,300 $87,960
2022 $7,480 $86,800 $15,300 $71,510
2021 $7,924 $86,800 $15,300 $71,510
2020 $8,055 $86,800 $15,300 $71,510
2019 $7,830 $248,000 $43,700 $204,300
2018 $8,360 $86,800 $15,300 $71,510
2017 $7,510 $79,770 $20,650 $59,120
2016 $7,469 $79,770 $20,650 $59,120
2015 $7,997 $79,770 $20,650 $59,120
2014 $7,997 $88,630 $22,930 $65,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Ferrante

    Seller's Agent in 2023

    Michael Ferrante

    Century 21 Homestar

    32 in this area

    1,544 Total Sales

    Michael Ferrante
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Map

Ohio Cuyahoga County Parma 44134

5451 Broadview Rd Unit 4/5, Parma, OH

This home is located at 5451 Broadview Rd Unit 4/5, Parma, OH 44134 and is currently estimated at $369,941, approximately $131 per square foot. 5451 Broadview Rd Unit 4/5 is a home located in Cuyahoga County with nearby schools including John Muir Elementary School, Hillside Middle School, and Normandy High School.

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