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Backup Offers

5111 Herman Ave, Cleveland, OH, 44102

$240,000

Home List Price

$2,850*

Closing Credit

2 Bedrooms
1 Full Bath
640 SqFt
$375/SqFt
House

Location

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5111 Herman Ave, Cleveland$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage
Garage2 spaces
Year Built1920
HeatingForced Air
CoolingNone
BasementYes
ViewCity, Lake
MLS #5075568
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Contingent)

About 5111 Herman Ave

LOCATION, LOCATION, LOCATION!!! Have you been looking for a property with lake and city views while being in close proximity to restaurants, shopping, parks, and other attractions? Well then 5111 Herman Avenue located in the heart of Gordon Square Arts District is the place for you! This two bed, one bath home is the perfect opportunity for someone who loves a good project. This home is VERY unique in that it sits on a DOUBLE LOT which is very rare for it's location. This property has endless opportunities and options with either renovating the current property, or tearing it down and starting from scratch to make it your own! This property is part of Cleveland's market rate tax abatement area. With some work, you can turn this property into a great home! Don't miss out on this rare opportunity to snag an amazing piece of real estate and the chance to call it home! ** Sellers can supply new build renderings and design plans with sale. Please note new build photos included in listing are renderings of examples of what can be built on the property.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1920
  • Stories: 1
  • Living Area: 640 SqFt

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (216) 650-0407
  • Listing Agent: Linzie Potoczak

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City, Lake
  • Exterior: Storage, Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Garage

Lot Features

Lot Information:

  • Lot: Front Yard, Views
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Detriot to W. 49th. Left on Herman Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000
  • Price Per SqFt: $375/SqFt

Tax Information:

  • Annual Amount: $1,896
  • 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

5111 Herman Ave vs Cleveland

31 DAYS ON ROCKET

-5 Days

$240,000

+$75.7K More

$375/SqFt

+$275 More

KEY TAKEAWAY

This property is $75.7K more than the Median Sold Price and $275/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: #5075568

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (216) 650-0407
  • Listing Agent: Linzie Potoczak

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, 5:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 18, 2020Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,896$21,950
2019$1,752$21,950
2018$1,746$21,950
2017$1,060$12,850

History based on county public records data.

Payment Calculator

$1,265

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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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-12458
6
/10

  • Near West Intergenerational School

  • 3805 Terrett Ave

  • 0.47 miles

  • Public Charter Grades KG-6

school-card-donut-12459
4
/10

  • Constellation Schools: Stockyard Community Elementary School

  • 3200 W 65th St

  • 1.47 miles

  • Public Charter Grades KG-6

school-card-donut-12460
5
/10

  • Louisa May Alcott Elementary School

  • 10308 Baltic Rd

  • 1.81 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 $47,700. The majority of Cleveland, OH residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5111 Herman Ave

What is the listing price of this property?

The listing price of 5111 Herman Ave property is $240,000.

What type of property is this?

The property 5111 Herman Ave is a house located in Cleveland, Ohio, 44102.

Is this property for sale now?

Accepting Backup Offers: 5111 Herman Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,896 (source: MLS/based on county public records data).

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

The last sale was on September 18, 2020 for $155,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5111 Herman Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5111 Herman Ave is 640 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5111 Herman Ave is 1920.

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44102›5111 Herman Ave

This home is located at 5111 Herman Ave in Cleveland, OH and zip code 44102 in the Detroit-Shoreway neighborhood. This 640 square foot home, which was built in 1920, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 05, 2024 and is currently priced at $240,000.

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. The number of homes for sale in Cleveland, OH increased by 4.7% between September 2024 and October 2024. In October 2024 median list price was $164,291 and the average listing age was 36 days.

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

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