NOT LISTED FOR SALE

5451 Unit 1 Broadview Rd Parma, OH 44134

Estimated Value: $397,628 - $522,000

-- Bed
0.5 Bath
550 Sq Ft
$849/Sq Ft Est. Value

About This Home

As of April 2022

This professional commercial office building has a great location, surrounded by commercial retail and residential properties. The street has a high traffic count and exposure. The entire building has many updates featuring new air conditioners, new hot water tanks, a newer roof, and new 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. The building has a total of five office units. A big plus is a lower-than-average rental price for the area, including all utilities.

Last Agent to Rent the Property

Robert Erney

RE Closing Professionals, LLC. License #2018000392 Listed on: 02/09/2022

Last Renter's Agent

Robert Erney

RE Closing Professionals, LLC. License #2018000392 Listed on: 02/09/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,423

Year Built

  • Built in 1951

Lot Details

  • 0.25

Home Design

  • 550 Sq Ft Home

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • 0.5 Bathroom
  • 0.25 Acre Lot

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • The owner pays for electric, gas, heating, sewer, trash collection, water
  • Assessor Parcel Number 445-10-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,423

Year Built

Built in 1951

Lot Details

0

Rental Info

  • PetsAllowed: No
  • Dateto Occupy: At Time of Lease
  • Lease Terms: One Year, Two Year
  • Owner Pays: Electric, Gas, Heating, Sewer, Trash Collection, Water

Listing Details

  • Property Type: Rental
  • Price Per Square Foot: 1.59
  • Estimated Price per Sq Ft: 1.59
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 550
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1951

Interior Features

  • Total Bathrooms: 1.00
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 1
  • Sq Ft Approx Above Grade Finished: 550.00
  • Sq Ft Approx Total Finished: 550.00

Utilities

  • LaundryFeatures: None
  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Parma CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2507
  • Parcel Number: 445-10-010

Multi Family

  • Unit Floor Num Of: 1

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
$466,876

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
$217,145
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$249,731

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:

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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 List to Sale Price per Sq Ft
04/05/2022 04/05/22 Rented $875 0.0% --
02/09/2022 02/09/22 For Rent $875 -- --
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 $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

  • Robert Erney

    Landlord's Agent in 2022

    Robert Erney

    RE Closing Professionals, LLC.

    (312) 221-2126

    1 in this area

    18 Total Sales

    Robert Erney
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Map

Source: MLS Now

MLS Number: 4348258

MLS Now

APN: 445-10-010

Ohio Cuyahoga County Parma 44134

5451 Unit 1 Broadview Rd, Parma, OH

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