3 months on rocket

5521 W 48th St, Parma, OH, 44134

$410,000

Home List Price

$4,869*

Closing Credit

5 Bedrooms
3 Full Baths
3,533 SqFt
$116/SqFt
Multi

Location

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5521 W 48th St, Parma$410,000

Buyer Closing Credits

$4,869*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingConcrete, Driveway, Detached, Garage
Garage4 spaces
Year Built1920
HeatingElectric, Forced Air, Natural Gas
CoolingCentral Air, Ceiling Fan(s), Electric
BasementYes
MLS #5053544
Lot Size0.18 Acres
StatusActive

About 5521 W 48th St

Exceptional investment opportunity! Rare to find a Triplex in Parma! Fully rented, turnkey, with long term tenants. Solid brick construction & charming appeal with Front porch and 2nd floor front & back patio access. All units were fully renovated in 2017 with granite counters, tile backsplash, LVT flooring, carpeting, updated baths, and newer appliances. Full basement with shared washer/dryer (hook up for 2nd set available) and storage. 4 Car garage with ample parking- each unit has assigned garage space. Separate meters for each unit. 3rd floor has electric only. Newer roof, windows, HVAC, H20 tanks and appliances. Great location - Easy access to I-480, stores and restaurants.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 3
  • Living Area: 3,533 SqFt

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 655-5572
  • Listing Agent: Lori Musial

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Granite Counters

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Balcony

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Concrete, Driveway, Detached, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Dead End Street
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Parma High School, Public District Grades 8-12
  • Shiloh Middle School, Public District Grades 5-7
  • Thoreau Park Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: Snow or Brookpark Rd to W 54th, to Montauk to W 48th

Price Information

Listing Price Info

Price Summary:

  • List Price: $410,000
  • Price Per SqFt: $116/SqFt

Tax Information:

  • Annual Amount: $3,785
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Parma, OH.

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Parma, OH

City

Med. Sold Price

$205.1K

Med. Price/SqFt

$122

Avg. Days On Market

31

# of Sold Homes

84

5521 W 48th St vs Parma

110 DAYS ON ROCKET

+79 Days

$410,000

+$204.8K More

$116/SqFt

-$7 Less

KEY TAKEAWAY

This property is $204.8K more than the Median Sold Price and $7/SqFt less than other homes in Parma, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5053544

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 655-5572
  • Listing Agent: Lori Musial

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

Feb 28, 2017Home Sold
$37,000
Feb 16, 2017Home Sold
$37,000
Aug 31, 2001Home Sold
$130,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,785$50,160
2019$4,218$50,160
2018$4,236$50,160
2017$3,190$33,680

History based on county public records data.

Payment Calculator

$2,114

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,296

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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.

Elementary School

school-card-donut-2145862
4
/10

  • Thoreau Park Elementary School

  • 5401 W 54th St

  • 0.27 miles

  • Public District Grades KG-4

Middle School

school-card-donut-2145863
5
/10

  • Shiloh Middle School

  • 2303 Grantwood Dr

  • 1.54 miles

  • Public District Grades 5-7

High School

school-card-donut-2145864
4
/10

  • Parma High School

  • 6285 W 54th St

  • 1.24 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,694. The most common annual income of people living in Parma, OH is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Parma, OH

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Parma, OH.

The housing landscape in Parma is characterized by a predominance of single-family homes, which make up a significant portion of the market. These homes showcase a range of architectural styles, from classic mid-century ranches to contemporary constructions. The area also offers a selection of apartments and townhouses, providing options for various housing preferences. The majority of homes were built during a development boom in the mid-20th century, reflecting the city's growth during that period. Parma's homeownership rate is robust, with a substantial majority of residents owning their homes.

What is it like to live in Parma, OH?

Parma prides itself on a family-friendly atmosphere with a strong sense of community. The city is celebrated for its annual events, such as the Parma Area Chamber of Commerce Rib 'N Rock Rib Cook-Off, which showcases the local culinary scene and brings residents together. The community's character is further defined by its well-maintained parks and recreational facilities, which serve as popular gathering spots for families and outdoor enthusiasts.

Is it easy to get around Parma, OH without a car?

Residents of Parma benefit from a solid educational system, with a number of public schools serving the community at the elementary, middle, and high school levels, as well as private schools that cater to various educational needs. The city is equipped with healthcare facilities that offer a range of services, from primary care to specialized treatments. The public library system in Parma is extensive, providing residents with access to a wealth of resources and programs. Retail and dining options are plentiful, reflecting the diverse tastes and cultures of the community.

Transportation in Parma, OH.

Parma's transportation infrastructure supports both private and public transit options, with a network of roads and highways that facilitate commuting to nearby cities and commercial areas. Public buses operate on a regular schedule, providing residents with dependable transportation options. The city is also bike-friendly, with certain areas offering dedicated bike lanes and trails. While ride-sharing services are available, the specifics of their operation are not branded. Recent efforts have been made to enhance the efficiency and accessibility of the transportation system to better serve the community's needs.

Rocket Homes›Ohio›Cuyahoga County›Parma›44134›5521 W 48th St

This home is located at 5521 W 48th St in Parma, OH and zip code 44134. This 3,533 square foot home, which was built in 1920, sits on a 0.18 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $410,000.

In October 2024 more than 44 listings in Parma, OH were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 30 were sold below. In October 2024 in Parma, OH there were 0.8% more homes for sale than in September 2024. While the average time on the market in October 2024 was 31 days, the median list price was $205,143.

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

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