Seller's Agent in 2024
Denise Quiggle
McDowell Homes Real Estate Services
(440) 251-9985
3 in this area
377 Total Sales
7800 Laumar Ave Cleveland, OH 44105
Slavic Village NeighborhoodEstimated Value: $105,000 - $121,000
5
Beds
2
Baths
2,447
Sq Ft
$46/Sq Ft
Est. Value
Highlights
- City View
- No HOA
- Level Lot
- Colonial Architecture
- Forced Air Heating System
About This Home
As of February 2024Calling all investors & owner occupants, opportunity awaits at 7800 Laumar Ave, a stable investment property in the Slavic Village area with a previous long-term Section 8 tenancy. This 5-bedroom, 2-bathroom home is extremely well priced at $99,000, presenting an attractive proposition for both immediate rental income and future appreciation. Recent improvements include new furnace and HWT (replaced last year), new exterior doors and rebuilt front steps. The entire home has been repainted, and new flooring throughout the house.
Previously rented to a Section 8 tenant, this property is primed for similar future arrangements. With rental potential of up to $1,800 per month in this neighborhood, the investment case is clear, providing a savvy buyer with the unique opportunity to capitalize on the remaining potential of this property. It is ready for the new owner to take over and reap the rewards.
Last Agent to Sell the Property
McDowell Homes Real Estate Services License #428259 Listed on: 01/08/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,181
Year Built
- Built in 1910
Lot Details
- 6,865 Sq Ft Lot
- Level Lot
Parking
- No Garage
Property Views
- City
- Neighborhood
Home Design
- Colonial Architecture
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 3-Story Property
- Unfinished Basement
- Laundry in Basement
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- 2 Full Bathrooms
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Laumar Land Companys Subdivision
Listing and Financial Details
- Assessor Parcel Number 134-18-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2024
Closed on
Feb 21, 2024
Sold by
Immo First Llc
Bought by
Jnvr Properties Llc
Seller's Agent
Denise Quiggle
McDowell Homes Real Estate Services
Buyer's Agent
Mark Colucci
Keller Williams Citywide
List Price
$99,000
Sold Price
$111,000
Premium/Discount to List
$12,000
12.12%
Views
38
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
$2,115
Avg. Annual Appreciation
1.26%
Original Mortgage
$88,800
Outstanding Balance
$87,401
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$25,714
Purchase Details
Closed on
Nov 27, 2019
Sold by
Jgp Investments Llc
Bought by
Usa Immobilier Llc
Purchase Details
Closed on
Nov 22, 2019
Sold by
Usa Immobilier Llc
Bought by
Immo First Llc
Purchase Details
Closed on
Oct 15, 2019
Sold by
7800 Laumar Ave Llc
Bought by
Jgp Investments Llc
Purchase Details
Closed on
May 30, 2017
Sold by
Shield Title Llc
Bought by
780 Laumar Ave Llc
Purchase Details
Closed on
Feb 21, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Shield Title Llc
Purchase Details
Closed on
Jul 3, 2012
Sold by
Carrington Harold and Carrington Harold E
Bought by
Federal Home Loan Mortgage Corp
Purchase Details
Closed on
Oct 25, 1999
Sold by
Bassham James Richard and Bassham Elizabeth A
Bought by
Carrington Harold E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,867
Interest Rate
7.87%
Mortgage Type
FHA
Purchase Details
Closed on
May 28, 1991
Sold by
Bassham James R and Bassham Elizabeth
Bought by
Bassham Melissa A
Purchase Details
Closed on
Jan 1, 1975
Bought by
Bassham James R and Bassham Elizabeth
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jnvr Properties Llc | $111,000 | None Listed On Document | |
| Usa Immobilier Llc | $67,000 | None Available | |
| Immo First Llc | $83,000 | None Available | |
| Jgp Investments Llc | $43,500 | None Available | |
| 780 Laumar Ave Llc | $32,000 | None Available | |
| Shield Title Llc | $5,100 | Intitle Agency Inc | |
| Federal Home Loan Mortgage Corp | $7,000 | None Available | |
| Carrington Harold E | $59,900 | Guardian Title | |
| Bassham Melissa A | -- | -- | |
| Bassham James R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jnvr Properties Llc | $88,800 | |
| Previous Owner | Carrington Harold E | $100,000 | |
| Previous Owner | Carrington Harold E | $19,381 | |
| Previous Owner | Carrington Harold | $81,000 | |
| Previous Owner | Carrington Harold E | $59,867 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2024 02/26/24 | Sold | $111,000 | +12.1% | $45 / Sq Ft |
| 01/11/2024 01/11/24 | Pending | -- | -- | -- |
| 01/08/2024 01/08/24 | For Sale | $99,000 | -- | $40 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $1,662 | $24,850 | $4,795 | $20,055 |
| 2023 | $1,181 | $15,230 | $3,610 | $11,620 |
| 2022 | $1,174 | $15,225 | $3,605 | $11,620 |
| 2021 | $1,163 | $15,230 | $3,610 | $11,620 |
| 2020 | $996 | $11,270 | $3,330 | $7,950 |
| 2019 | $923 | $32,200 | $9,500 | $22,700 |
| 2018 | $920 | $11,270 | $3,330 | $7,950 |
| 2017 | $160 | $1,890 | $420 | $1,470 |
| 2016 | $155 | $1,890 | $420 | $1,470 |
| 2015 | $147 | $1,890 | $420 | $1,470 |
| 2014 | $147 | $1,790 | $390 | $1,400 |
Source: Public Records
Agents Affiliated with this Home
-
Denise Quiggle
-
Keith Weisman
Seller Co-Listing Agent in 2024
Keith Weisman
McDowell Homes Real Estate Services
(216) 407-9202
1 in this area
52 Total Sales
-
Mark Colucci
Buyer's Agent in 2024
Mark Colucci
Keller Williams Citywide
(440) 590-5219
7 in this area
183 Total Sales
Map
Source: MLS Now
MLS Number: 5009871
APN: 134-18-011
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.
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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