Attention Investors and savvy homebuyers, awesome opportunity awaits at 1587-1589 Cohassett Ave. in Lakewood. This multi-family property is bursting with potential and is perfectly located in vibrant Lakewood. Nestled in the heart of it all, this duplex features a great 5-bedroom configuration. The first-floor unit boasts 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 2 bathrooms and encompasses the 2nd and 3rd floors. This property is ideal for rental income or a multi-generational family home which is how the owners have used the property. A large basement and detached 2.5 car garage offer plenty of storage. Bring your vision to life and unlock all of this property's potential. Close to shopping, dining and schools this duplex is an awesome opportunity. Whether you're a seasoned investor or looking for your next project this home is easy to show and ready for your creative touches.
Property Details
Property Features
Property Information:
Year Built: 1908
Stories: 2
Living Area: 1,938 SqFt
Listing Office:
Office Name: Keller Williams Citywide
Office Phone: (440) 477-0166
Listing Agent: Mark W Gepperth
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: None
Other
Directions Information:
Directions: Off Detroit
Price Information
Listing Price Info
Price Summary:
List Price: $239,900
Price Per SqFt: $124/SqFt
Tax Information:
Annual Amount: $3,954
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lakewood, OH.
This property is $60.1K less than the Median Sold Price and $39/SqFt less than other homes in Lakewood, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5079194
Listing Office:
Office Name: Keller Williams Citywide
Office Phone: (440) 477-0166
Listing Agent: Mark W Gepperth
Copyright 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: 11/21/2024, 3:20:52 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
YEAR
PROP. TAX
ASSESSMENT
2020
$3,954
$45,850
2019
$3,877
$45,850
2018
$3,871
$45,850
2017
$3,646
$39,200
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,265
Per Month
Principal & Interest
$1,198
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$786
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Harrison Elementary School
2080 Quail St
Distance between this listing and this school0.30 miles
Public District Grades PK-5
6
/10
Emerson Elementary School
13439 Clifton Blvd
Distance between this listing and this school0.83 miles
Public District Grades PK-5
7
/10
Roosevelt Elementary School
14237 Athens Ave
Distance between this listing and this school0.89 miles
Public District Grades KG-5
Nearby Schools
6
/10
Garfield Middle School
13114 Detroit Ave
Distance between this listing and this school0.43 miles
Public District Grades 6-8
6
/10
Hope Academy Northwest Campus
1441 W 116th St
Distance between this listing and this school0.63 miles
Public Charter Grades KG-8
5
/10
Riverside PreK-8 School
14601 Montrose Ave
Distance between this listing and this school1.40 miles
Public District Grades PK-8
Nearby Schools
2
/10
Lake Erie International High School
11650 Detroit Ave
Distance between this listing and this school0.61 miles
Public Charter Grades 9-12
6
/10
Lakewood High School
14100 Franklin Blvd
Distance between this listing and this school0.65 miles
Public District Grades 7-12
3
/10
New Tech West High School
11801 Worthington Ave
Distance between this listing and this school2.20 miles
The neighbors living near this home have an average income of $28,934. Residents of Lakewood, OH typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 1587 Cohassett Ave in Lakewood, OH and zip code 44107. This 1,938 square foot home, which was built in 1908, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $239,900.
While more than 34 listings in Lakewood, OH in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 20 were sold below. The number of homes for sale in Lakewood, OH increased by 5.3% between September 2024 and October 2024. Listings spent 21 days on the market in October 2024, and had a median list price of $300,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.