NOT LISTED FOR SALE

6818 Lorain Ave Cleveland, OH 44102

Detroit Shoreway Neighborhood

Estimated Value: $234,811

5 Beds
3.5 Baths
3,691 Sq Ft
$64/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $175,000 $47 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,756/month

103 Days on Market

About This Home

As of August 2023

Turnkey, all redone mixed use cash cow grossing $3,600 per month, located on the redeveloping Lorain Ave corridor! Four total units including a retail store front with $1,000 in potential rent along with all occupied (3) residential units that include two spacious two-bedroom units rented at $900 each (back down/ back up) and a nice sized one-bedroom unit rented at $800 (up front). Recent upgrades all took place in 2020 and 2021 including all plumbing feed lines/ drains, electrical panels, service lines/ new wires, furnace for down units, drywall and all finishes, rubber roof, vinyl siding, vinyl windows and more! A must see.

Last Agent to Sell the Property

Mike Balamenti

Power House Realty License #2002019798 Listed on: 04/13/2023

Last Buyer's Agent

Melissa Lupton

EXP Realty, LLC. License #2014004675

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1910

Lot Details

  • 4,622 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 006-10-021

Community Details

Overview

  • 4 Units
  • James M Hoyt Sub Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 58.55
  • Estimated Price per Sq Ft: 58.55
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2989
  • Year Built: 1910
  • Court Ordered Y N: No
  • Attribution Contact: (330) 562-9495 mike@7sproperties.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 2989.00
  • Sq Ft Approx Below Grade Finished: 702.00
  • Sq Ft Approx Total Finished: 3691.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Fences: Chain Link, Partial
  • Roof: Rubber

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 3

Utilities

  • LaundryFeatures: None
  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: James M Hoyt Sub

Schools

  • School District: Cleveland Municipal
  • School District: Cleveland Municipal

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1061
  • Parcel Number: 006-10-021

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Gas, Heating

Multi Family

  • Unit Count: 4
  • Gross Income: 3600.00
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 75

Tax Info

  • Tax: 1107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
Aug 18, 2023
Sold by
444 Team Llc
Bought by
Berliner Rosaria
Seller's Agent
Mike Balamenti
Power House Realty
Buyer's Agent
Melissa Lupton
EXP Realty, LLC.
List Price
$215,000
Sold Price
$175,000
Premium/Discount to List
-$40,000
-18.6%
Views
156
Current Estimated Value
$234,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,811
Avg. Annual Appreciation
9.73%
Original Mortgage
$122,500
Outstanding Balance
$120,169
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$92,122

Purchase Details

Closed on
Aug 16, 2022
Sold by
Montana Holding Company Llc
Bought by
444 Team Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
1.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2020
Sold by
Miller Carl
Bought by
Bar 17 Llc

Purchase Details

Closed on
Nov 3, 2013
Sold by
Anguiano Richard and Anguiano Ruth
Bought by
Miller Carl

Purchase Details

Closed on
Nov 10, 1992
Sold by
Anguiano Richard F
Bought by
Anguiano Richard F

Purchase Details

Closed on
Jan 1, 1975
Bought by
Szakacs Laszlo and Szakacs Hilda
Source: Public Records

Range of Values:

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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
Berliner Rosaria $175,000 Black Tie Title
444 Team Llc -- Montana Holding Company Llc
Bar 17 Llc $62,000 Mount Morris Title Agency
Miller Carl $15,000 None Available
Anguiano Richard F -- --
Anguiano Richard F $40,000 --
Szakacs Laszlo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berliner Rosaria $122,500
Previous Owner 444 Team Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2023 08/21/23 Sold $175,000 -7.8% $47 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/10/2023 07/10/23 Price Changed $189,900 -5.0% $51 / Sq Ft
06/22/2023 06/22/23 Price Changed $199,900 -7.0% $54 / Sq Ft
05/22/2023 05/22/23 For Sale $215,000 0.0% $58 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $215,000 -- $58 / 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 $6,062 $58,730 $4,865 $53,865
2023 $1,109 $11,100 $5,360 $5,740
2022 $1,107 $11,095 $5,355 $5,740
2021 $1,110 $11,100 $5,360 $5,740
2020 $1,049 $10,080 $4,870 $5,220
2019 $988 $28,800 $13,900 $14,900
2018 $963 $10,080 $4,870 $5,220
2017 $1,639 $16,140 $5,150 $10,990
2016 $1,640 $16,140 $5,150 $10,990
2015 $1,856 $16,140 $5,150 $10,990
2014 $1,856 $18,350 $5,850 $12,500
Source: Public Records

Agents Affiliated with this Home

  • Mike Balamenti

    Seller's Agent in 2023

    Mike Balamenti

    Power House Realty

    (216) 990-9495

    6 in this area

    199 Total Sales

    Mike Balamenti
    Section Image
  • Melissa Lupton

    Buyer's Agent in 2023

    Melissa Lupton

    EXP Realty, LLC.

    (330) 348-4635

    1 in this area

    82 Total Sales

    Melissa Lupton
    Section Image
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Map

Source: MLS Now

MLS Number: 4451069

MLS Now

APN: 006-10-021

Ohio Cuyahoga County Cleveland 44102 Detroit Shoreway

6818 Lorain Ave, Cleveland, OH

This home is located at 6818 Lorain Ave, Cleveland, OH 44102 since 13 April 2023 and is currently estimated at $234,811, approximately $63 per square foot. This property was built in 1910. 6818 Lorain Ave is a home located in Cuyahoga County with nearby schools including Almira Academy, Benjamin Franklin, and Artemus Ward School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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