Attention investors! Don’t miss this fully renovated 4-bedroom, 1-bathroom home at 3884 E 54th St, Cleveland, offering 1,086 square feet of turnkey potential. With a modern interior, brand-new finishes, and a layout perfect for tenants, this property is move-in ready and primed for immediate cash flow. Ideal for CMHA tenants, the rental potential is strong, with rates ranging from $1,500 to $1,700 per month. Plus, this investment comes with added peace of mind—a home warranty included in the sale. Located in a convenient area with access to schools, parks, and amenities, this property is the perfect addition to your portfolio. Act fast to capitalize on this income-generating opportunity!
This property is $25.1K less than the Median Sold Price and $28/SqFt more than other homes in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5090826
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (216) 440-1926
Listing Agent: Wayne Brooks
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: 12/21/2024, 9:21:03 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
DATE
EVENT
PRICE
Aug 23, 2013
Aug 23, 2013Home Sold
$21,750
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$792
$8,960
2019
$733
$8,970
2018
$2,257
$8,970
2017
$645
$7,630
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.
$766
Per Month
Principal & Interest
$699
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
$486
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
5
/10
Constellation Schools: Eastside Arts Academy
6700 Lansing Ave
Distance between this listing and this school0.50 miles
Public Charter Grades KG-6
8
/10
Cuyahoga Hts Elementary School
4880 E 71st St
Distance between this listing and this school1.86 miles
Public District Grades PK-5
2
/10
Constellation Schools: Old Brooklyn Community Elementary School
4430 State Rd
Distance between this listing and this school3.13 miles
Public Charter Grades KG-4
Nearby Schools
3
/10
Cleveland College Preparatory School
4906 Fleet Ave
Distance between this listing and this school0.29 miles
Public Charter Grades KG-8
4
/10
Washington Park Community School
4000 Washington Park Blvd
Distance between this listing and this school0.39 miles
Public Charter Grades KG-8
3
/10
Mound School
5935 Ackley Rd
Distance between this listing and this school0.74 miles
Public District Grades PK-8
Nearby Schools
9
/10
Cuyahoga Hts High School
4820 E 71st St
Distance between this listing and this school1.79 miles
Public District Grades 9-12
3
/10
North Shore High School
4750 Turney Rd
Distance between this listing and this school2.33 miles
Public Charter Grades 9-11
3
/10
Garfield Heights High School
4900 Turney Rd
Distance between this listing and this school2.58 miles
The neighbors living near this home have an average income of $32,647. Most Cleveland, OH residents have annual incomes less than $35k. 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
Frequently Asked Questions About 3884 E 54th St
What is the listing price of this property?
The listing price of 3884 E 54th St property is $139,900.
What type of property is this?
The property 3884 E 54th St is a house located in Cleveland, Ohio, 44105.
Is this property for sale now?
Active Listing: 3884 E 54th St 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 $792 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 23, 2013 for $21,750. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3884 E 54th St has 4 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 3884 E 54th St is 1,086 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3884 E 54th St is 1900.
This home is located at 3884 E 54th St in Cleveland, OH and zip code 44105 in the Broadway-Slavic village neighborhood. This 1,086 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $139,900.
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 inventory of homes for sale in Cleveland, OH between October 2024 and November 2024 decreased by 4.7%. While the average time on the market in November 2024 was 41 days, the median list price was $165,015.
From Rocket Homes Real Estate and based on county public records data.