2 months on rocket

1388 Penhurst Rd, Cleveland, OH, 44110

$80,000

Home List Price

$950*

Closing Credit

2 Bedrooms
1 Full Bath
1,872 SqFt
$43/SqFt
House

Location

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1388 Penhurst Rd, Cleveland$80,000

Buyer Closing Credits

$950*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, No Garage, On Street
Year Built1926
HeatingForced Air
CoolingNone
BasementYes
MLS #5077477
Lot Size0.07 Acres
StatusActive

About 1388 Penhurst Rd

Welcome to 1388 Penhurst Road in Cleveland, OH! This 2-bedroom, 1-bath single-family Colonial offers a fantastic opportunity for investors or owner-occupants alike. If purchased as an investment, the property could rent for $750-$1,100 per month, providing a great return. The home has well-maintained mechanicals, though it needs some TLC after the previous tenants vacated. With a little effort, this property can be transformed into a cozy residence or a profitable rental. The unfinished basement offers plenty of usable space, and it even includes a half bathroom, adding extra potential for expansion. Located in a convenient area close to schools, shopping, and local amenities, this home is full of potential for the right buyer. Whether you're looking to invest or make it your own, 1388 Penhurst Road is a great opportunity. Schedule your tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1926
  • Stories: 2
  • Living Area: 1,872 SqFt

Listing Office:

  • Office Name: Real Estate Quest, Inc.
  • Office Email: rebroker216@gmail.com
  • Listing Agent: Alex V Johnson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, No Garage, On Street

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: From St. Clair take a Left onto Penhurst. 1388 Penhurst is 700 feet to your Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $80,000
  • Price Per SqFt: $43/SqFt

Tax Information:

  • Annual Amount: $721
  • 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

$165K

Med. Price/SqFt

$100

Avg. Days On Market

41

# of Sold Homes

629

1388 Penhurst Rd vs Cleveland

65 DAYS ON ROCKET

+24 Days

$80,000

-$85K Less

$43/SqFt

-$58 Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price and $58/SqFt less than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5077477

Listing Office:

  • Office Name: Real Estate Quest, Inc.
  • Office Email: rebroker216@gmail.com
  • Listing Agent: Alex V Johnson

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: 12/18/2024, 8:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$721$8,160
2019$667$8,160
2018$665$8,160
2017$817$9,660

History based on county public records data.

Payment Calculator

$467

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$306

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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-4463035
4
/10

  • Bella Academy of Excellence

  • 19114 Bella Dr

  • 0.86 miles

  • Public Charter Grades KG-6

school-card-donut-4463036
6
/10

  • Chardon Hills STEM School

  • 1455 E 260th St

  • 1.62 miles

  • Public District Grades 1-5

school-card-donut-4463037
4
/10

  • Arbor Elementary School

  • 20400 Arbor Ave

  • 1.66 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,364. Most Cleveland, OH residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1388 Penhurst Rd

What is the listing price of this property?

The listing price of 1388 Penhurst Rd property is $80,000.

What type of property is this?

The property 1388 Penhurst Rd is a house located in Cleveland, Ohio, 44110.

Is this property for sale now?

Active Listing: 1388 Penhurst Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $721 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1388 Penhurst Rd has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1388 Penhurst Rd is 1,872 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1388 Penhurst Rd is 1926.

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44110›1388 Penhurst Rd

This home is located at 1388 Penhurst Rd in Cleveland, OH and zip code 44110 in the Saint Clair Park neighborhood. This 1,872 square foot home, which was built in 1926, sits on a 0.07 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $80,000.

In November 2024 more than 223 listings in Cleveland, OH were sold above the asking price. During the same period more than 96 listings were sold at asking price, while more than 310 were sold below. The inventory of homes for sale in Cleveland, OH between October 2024 and November 2024 decreased by 4.7%. Listings spent 41 days on the market in November 2024, and had a median list price of $165,015 during the same period.

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

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