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16311 Lotus Dr, Cleveland, OH, 44128

$78,900

Home List Price

$937*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
1,490 SqFt
$53/SqFt
House

Location

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16311 Lotus Dr, Cleveland$78,900

Buyer Closing Credits

$937*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Garage1 space
Year Built1929
HeatingForced Air
CoolingNone
BasementYes
MLS #5090823
Lot Size0.10 Acres
StatusActive

About 16311 Lotus Dr

Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don’t miss your chance to capitalize on this promising investment!

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1929
  • Stories: 2
  • Living Area: 1,490 SqFt

Listing Office:

  • Office Name: Keller Williams Living
  • Office Phone: (440) 935-9793
  • Listing Agent: Journey Toole

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: 16311 Lotus Dr, Cleveland, OH 44128

Price Information

Listing Price Info

Price Summary:

  • List Price: $78,900
  • Price Per SqFt: $53/SqFt

Tax Information:

  • Annual Amount: $1,388
  • 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

16311 Lotus Dr vs Cleveland

1 DAY ON ROCKET

-40 Days

$78,900

-$86.1K Less

$53/SqFt

-$48 Less

KEY TAKEAWAY

This property is $86.1K less than the Median Sold Price and $48/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: #5090823

Listing Office:

  • Office Name: Keller Williams Living
  • Office Phone: (440) 935-9793
  • Listing Agent: Journey Toole

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: 12/22/2024, 2:21:00 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

Jul 14, 2010Home Sold
$17,500
May 21, 2010Home Sold
$16,667
Sep 29, 1999Home Sold
$69,300

Tax History

YEARPROP. TAXASSESSMENT
2020$1,388$16,070
2019$1,283$16,070
2018$1,278$16,070
2017$1,582$19,180

History based on county public records data.

Payment Calculator

$461

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$303

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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-848993
2
/10

  • Smart Academy

  • 4351 E 131st St

  • 1.23 miles

  • Public Charter Grades KG-4

school-card-donut-848994
5
/10

  • Lomond Elementary School

  • 17917 Lomond Blvd

  • 1.23 miles

  • Public District Grades KG-4

school-card-donut-848995
6
/10

  • Fernway Elementary School

  • 17420 Fernway Rd

  • 1.84 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,979. The most common annual income of people living in Cleveland, OH is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16311 Lotus Dr

What is the listing price of this property?

The listing price of 16311 Lotus Dr property is $78,900.

What type of property is this?

The property 16311 Lotus Dr is a house located in Cleveland, Ohio, 44128.

Is this property for sale now?

Active Listing: 16311 Lotus Dr 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 $1,388 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 14, 2010 for $17,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 16311 Lotus Dr has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 16311 Lotus Dr is 1,490 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16311 Lotus Dr is 1929.

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44128›16311 Lotus Dr

This home is located at 16311 Lotus Dr in Cleveland, OH and zip code 44128 in the Lee / Harvard neighborhood. This 1,490 square foot home, which was built in 1929, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $78,900.

Over 223 listings were sold over their listed price in November 2024 in Cleveland, OH. In the same period over 310 listings were sold below the listed price and 96 listings were sold for the listed price. The number of homes for sale in Cleveland, OH decreased by 4.7% between October 2024 and November 2024. In November 2024 median list price was $165,015 and the average listing age was 41 days.

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

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