NOT LISTED FOR SALE

796 E 222nd St Euclid, OH 44123

Estimated Value: $358,732

7 Beds
3.5 Baths
-- Sq Ft
10,402 Sq Ft Lot

Last Sold October 02, 2024

Last sale price $335,000

Est. 7% increase in value since last sale

Current estimated payment $2,447/month

6 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • Property is Fully Fenced

About This Home

As of October 2024

This exceptional investment opportunity offers two properties on one parcel, including a commercial building with two units (Bar/Restaurant) and a residential home, providing significant income with room for growth. The first property features a fully rehabbed lounge and a 3-bedroom apartment above it, currently generating $2,500 monthly, with rents below market value, allowing for potential revenue increases. The lounge and the apartment are on a lease through 2027, offering long-term stability. The property also includes newer windows, electrical, plumbing, a roof replaced in 2019, 20 parking spots, and a 2-car garage. Additionally, both properties are POS compliant.

The second property is a newly remodeled 4-bedroom home with an open floor plan, granite countertops, stainless steel appliances, newer windows throughout, and central air. This spacious home includes one bedroom on the first floor and three additional bedrooms on the upper level, with a monthly rental potential of $1,800. To provide extra peace of mind, the seller offers the buyer a one-year home warranty to home. This unique property package is perfect for investors looking to expand their portfolio or those seeking a dual-income opportunity.

Last Agent to Sell the Property

Alexys Jones

Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2021001979 Listed on: 09/10/2024

Keller Williams Greater Metropolitan

Co-Listed By

Rachael Thompson

Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2022000762

Last Buyer's Agent

Greg Cosgriff

HomeSmart Real Estate Momentum LLC License #2018003170

HomeSmart Real Estate Momentum LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,084

Year Built

  • Built in 1928

Lot Details

  • 10,402 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • 2 Car Garage
  • Shared Driveway
  • Parking Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • J & M Jamnek Proposed Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tenant pays for insurance, trash collection, water
  • Assessor Parcel Number 641-19-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,084

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1928
  • Attribution Contact: alexysjones@kw.com 440-694-5551
  • Co List Office Phone: 216-839-5500
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: J & M Jamnek Proposed
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 2
  • Stories: 3

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Full
  • Acres: 0.2388
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Parking Lot, Shared Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Euclid CSD - 1813

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 641-19-038
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Insurance, Trash Collection, Water

Tax Info

  • Tax Annual Amount: 7084.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Sep 28, 2024
Sold by
Tangs Euclid Llc
Bought by
Bastion Investment Group Llc
Seller's Agent
Alexys Jones
Keller Williams Greater Metropolitan
Buyer's Agent
Greg Cosgriff
HomeSmart Real Estate Momentum LLC
List Price
$375,000
Sold Price
$335,000
Premium/Discount to List
-$40,000
-10.67%
Views
15
Current Estimated Value
$358,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,732
Avg. Annual Appreciation
6.80%

Purchase Details

Closed on
Sep 18, 2023
Sold by
Norman Vernon R
Bought by
Tangs Euclid Llc

Purchase Details

Closed on
Nov 13, 2019
Sold by
Runza Jaroslav and Runza Marta
Bought by
Norman Vernon R

Purchase Details

Closed on
May 12, 1995
Sold by
Vrhovc John J
Bought by
Martz Jaroslav and Martz Runza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
8.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1975
Bought by
Vrmovc John J
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
Bastion Investment Group Llc $335,000 Ace Title
Tangs Euclid Llc $170,000 Ace Title
Norman Vernon R $214,000 Title Alliance
Martz Jaroslav $87,000 --
Vrmovc John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martz Jaroslav $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2024 10/02/24 Sold $335,000 -10.7% --
09/16/2024 09/16/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $375,000 -- --
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 $6,536 $64,960 $14,560 $50,400
2023 $7,805 $71,160 $16,030 $55,130
2022 $7,705 $71,155 $16,030 $55,125
2021 $8,503 $71,160 $16,030 $55,130
2020 $4,849 $38,220 $14,560 $23,660
2019 $4,373 $109,200 $41,600 $67,600
2018 $4,289 $38,220 $14,560 $23,660
2017 $4,430 $31,920 $12,810 $19,110
2016 $4,406 $31,920 $12,810 $19,110
2015 $4,138 $31,920 $12,810 $19,110
2014 $4,604 $36,260 $14,560 $21,700
Source: Public Records

Agents Affiliated with this Home

  • Alexys Jones

    Seller's Agent in 2024

    Alexys Jones

    Keller Williams Greater Metropolitan

    (440) 694-5551

    36 in this area

    160 Total Sales

    Alexys Jones
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Rachael Thompson

    Keller Williams Greater Metropolitan

    (440) 759-6098

    7 in this area

    50 Total Sales

    Rachael Thompson
    Section Image
  • Greg Cosgriff

    Buyer's Agent in 2024

    Greg Cosgriff

    HomeSmart Real Estate Momentum LLC

    (216) 214-8031

    40 in this area

    77 Total Sales

    Greg Cosgriff
    Section Image
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Map

Source: MLS Now

MLS Number: 5069544

MLS Now

APN: 641-19-038

Ohio Cuyahoga County Euclid 44119

796 E 222nd St, Euclid, OH

This home is located at 796 E 222nd St, Euclid, OH 44123 since 10 September 2024 and is currently estimated at $358,732. This property was built in 1928. 796 E 222nd St is a home located in Cuyahoga County with nearby schools including Arbor Elementary School, Euclid Middle School, and Euclid High 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.

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