Edith Ross
Russell Real Estate Services
(216) 677-6801
159 Total Sales
1 in Forest Hills
$68,000 Price
749 E 131st St Cleveland, OH 44108
Forest Hills NeighborhoodEstimated Value: $71,000 - $77,140
3
Beds
1
Bath
1,014
Sq Ft
$74/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
About This Home
As of September 2025Investors, here’s your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it’s eligible for a rent increase to $1,400–$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Last Agent to Sell the Property
Lokal Real Estate, LLC. Brokerage Email: 216-252-6580, marketing@lokalrealestate.com License #2021006563 Listed on: 08/12/2025
Last Buyer's Agent
Lokal Real Estate, LLC. Brokerage Email: 216-252-6580, marketing@lokalrealestate.com License #2021006563 Listed on: 08/12/2025
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $663
Year Built
- Built in 1916 | Remodeled
Lot Details
- 2,701 Sq Ft Lot
Home Design
- Colonial Architecture
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,014 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Elworthy Helwick Companys Frs Subdivision
Listing and Financial Details
- Assessor Parcel Number 110-15-052
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2025
Closed on
Sep 22, 2025
Sold by
Bought by
Seller's Agent
Gabriel Newberry
Lokal Real Estate, LLC.
Buyer's Agent
Gabriel Newberry
Lokal Real Estate, LLC.
List Price
$95,000
Sold Price
$70,000
Premium/Discount to List
-$25,000
-26.32%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,785
Avg. Annual Appreciation
7.99%
Original Mortgage
$52,500
Outstanding Balance
$52,454
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$22,331
Purchase Details
Closed on
Apr 19, 2018
Sold by
Bought by
Purchase Details
Closed on
Sep 15, 1993
Sold by
Bought by
Purchase Details
Closed on
Jan 1, 1975
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Forest Hills, OH
-
Edith Ross
-
Tresa Klein
Tresa Klein
Keller Williams Elevate
(440) 379-8357
164 Total Sales
2 in Forest Hills
$96K - $103K Price Range
-
Kim Goodrick
Kim Goodrick
Red 1 Realty, LLC
(440) 379-8131
174 Total Sales
7 in Forest Hills
$45K - $124K Price Range
-
Floria Aguilera
Floria Aguilera
Plum Tree Realty, LLC
(216) 859-1066
119 Total Sales
2 in Forest Hills
$71K - $170K Price Range
-
Alex Johnson
Alex Johnson
Real Estate Quest, Inc.
(216) 284-5624
169 Total Sales
1 in Forest Hills
$75,000 Price
-
Nicol Ousley
Nicol Ousley
Plum Tree Realty, LLC
(216) 716-2543
37 Total Sales
2 in Forest Hills
$75K - $115K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $70,000 | Stewart Title | ||
| $3,500 | World Class Title | ||
| $12,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $52,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Sold | $70,000 | -26.3% | $69 / Sq Ft |
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 08/12/2025 08/12/25 | For Sale | $95,000 | -- | $94 / Sq Ft |
Source: MLS Now
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $663 | $9,905 | $2,380 | $7,525 |
| 2024 | $663 | $9,905 | $2,380 | $7,525 |
| 2023 | $321 | $4,140 | $1,020 | $3,120 |
| 2022 | $319 | $4,130 | $1,020 | $3,120 |
| 2021 | $316 | $4,130 | $1,020 | $3,120 |
| 2020 | $300 | $3,400 | $840 | $2,560 |
| 2019 | $278 | $9,700 | $2,400 | $7,300 |
| 2018 | $277 | $3,400 | $840 | $2,560 |
| 2017 | $968 | $11,450 | $460 | $10,990 |
| 2016 | $961 | $11,450 | $460 | $10,990 |
| 2015 | $2,335 | $11,450 | $460 | $10,990 |
| 2014 | $2,335 | $12,710 | $490 | $12,220 |
Source: Public Records
Agents Affiliated with this Home
-
Gabriel Newberry
Seller's Agent in 2025
Gabriel Newberry
Lokal Real Estate, LLC.
(215) 617-4713
4 in this area
110 Total Sales
Map
Source: MLS Now
MLS Number: 5147658
APN: 110-15-052
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.
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