NOT LISTED FOR SALE

5618 Velma Ave Cleveland, OH 44129

Estimated Value: $166,000 - $177,507

2 Beds
1 Bath
829 Sq Ft
$206/Sq Ft Est. Value

About This Home

This home is located at 5618 Velma Ave, Cleveland, OH 44129 and is currently estimated at $170,627, approximately $205 per square foot. 5618 Velma Ave is a home located in Cuyahoga County with nearby schools including Thoreau Park Elementary School, Shiloh Middle School, and Parma High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2022
Sold by
Gunsel Douglas J
Bought by
Gunsel Douglas J and Gunsel Dawn
Current Estimated Value
$170,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Outstanding Balance
$66,993
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$103,634

Purchase Details

Closed on
Jul 16, 2007
Sold by
Hud
Bought by
Gunsel Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2007
Sold by
Zembower Christopher L
Bought by
Hud

Purchase Details

Closed on
Oct 11, 2002
Sold by
Paruta Eugenia
Bought by
Zembower Christopher L and Zembower Danielle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,070
Interest Rate
6.24%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 1998
Sold by
Fanderys Michael M
Bought by
Fanderys Eugenia

Purchase Details

Closed on
Aug 22, 1997
Sold by
Fanderys Michael R
Bought by
Fanderys Michael M

Purchase Details

Closed on
Jan 1, 1975
Bought by
Fanderys Michael R and Fanderys Eugenia
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.

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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.

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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.

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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.

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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
Gunsel Douglas J -- --
Gunsel Douglas J $81,000 Lakeside
Hud $66,670 None Available
Zembower Christopher L $92,550 American Title & Trust
Fanderys Eugenia -- Midland Title Security Inc
Fanderys Michael M $62,000 --
Fanderys Michael R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gunsel Douglas J $70,000
Previous Owner Gunsel Douglas J $64,800
Previous Owner Zembower Christopher L $91,070
Source: Public Records

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 $3,154 $50,015 $10,745 $39,270
2023 $2,885 $39,410 $8,820 $30,590
2022 $2,857 $39,410 $8,820 $30,590
2021 $2,941 $39,410 $8,820 $30,590
2020 $2,576 $30,310 $6,790 $23,520
2019 $2,466 $86,600 $19,400 $67,200
2018 $2,481 $30,310 $6,790 $23,520
2017 $2,382 $27,130 $5,710 $21,420
2016 $2,368 $27,130 $5,710 $21,420
2015 $2,257 $27,130 $5,710 $21,420
2014 $2,257 $27,690 $5,810 $21,880
Source: Public Records

Map

Ohio Cuyahoga County Cleveland 44129

5618 Velma Ave, Cleveland, OH

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