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12718 Lorain Ave, Cleveland, OH, 44111

$249,000

Home List Price

$2,957*

Closing Credit

4 Bedrooms
4 Full Baths
Multi

Location

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12718 Lorain Ave, Cleveland$249,000

Buyer Closing Credits

$2,957*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAsphalt
Year Built1925
HeatingHot Water, Steam
CoolingNone
BasementYes
MLS #5082360
Lot Size0.08 Acres
StatusActive

About 12718 Lorain Ave

Welcome to 12718 Lorain Ave, a beautifully renovated multi-unit building that offers both comfort and convenience. This property features three fully occupied units, making it an excellent investment opportunity. Each unit has been freshly painted, showcasing modern finishes and a welcoming atmosphere. Enjoy the added benefit of an easement on the driveway, providing easy access for residents and guests alike. With its prime location and well-maintained interiors, this building is ready for you to step in and enjoy immediate rental income. Don’t miss out on this fantastic opportunity—schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Omega
  • Office Phone: (440) 318-5675
  • Listing Agent: Izzeldin Izheman

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Steam
  • Cooling: None

Other

Directions Information:

  • Directions: on lorain ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $249,000

Tax Information:

  • Annual Amount: $3,085
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

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Cleveland, OH

City

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

12718 Lorain Ave vs Cleveland

2 DAYS ON ROCKET

-34 Days

$249,000

+$84.7K More

KEY TAKEAWAY

This property is $84.7K more than the Median Sold Price in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5082360

Listing Office:

  • Office Name: RE/MAX Omega
  • Office Phone: (440) 318-5675
  • Listing Agent: Izzeldin Izheman

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 09, 2020Home Sold
$95,000
Jan 20, 2006Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,085$29,680
2019$2,904$29,680
2018$2,832$29,680
2017$3,559$35,040

History based on county public records data.

Payment Calculator

$1,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$813

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2109863
7
/10

  • Harrison Elementary School

  • 2080 Quail St

  • 1.07 miles

  • Public District Grades PK-5

school-card-donut-2109864
7
/10

  • Roosevelt Elementary School

  • 14237 Athens Ave

  • 1.33 miles

  • Public District Grades KG-5

school-card-donut-2109865
5
/10

  • Louisa May Alcott Elementary School

  • 10308 Baltic Rd

  • 1.91 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,879. Residents of Cleveland, OH typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44111›12718 Lorain Ave

This home is located at 12718 Lorain Ave in Cleveland, OH and zip code 44111 in the Lenox Park neighborhood. This home, which was built in 1925, sits on a 0.08 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 03, 2024 and is currently priced at $249,000.

In October 2024, from all listings sold in Cleveland, OH there were more than 275 sold above asking price, over 333 sold below and more than 110 were sold right at the asked price. Between September 2024 and October 2024, Cleveland, OH real estate market has seen increase in the number of listings by 4.7%. While the average time on the market in October 2024 was 36 days, the median list price was $164,291.

From Rocket Homes Real Estate and based on county public records data.

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