1 month on rocket

723 E 162nd St, Cleveland, OH, 44110

$75,000

Home List Price

$891*

Closing Credit

4 Bedrooms
2 Full Baths
2,304 SqFt
$33/SqFt
Multi

Location

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723 E 162nd St, Cleveland$75,000

Buyer Closing Credits

$891*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Paved
Year Built1925
HeatingForced Air
CoolingNone
BasementYes
ViewCity
MLS #5081169
Lot Size0.11 Acres
StatusActive

About 723 E 162nd St

Fantastic Investment Opportunity. 1st & 2nd floor units have 2 bedrooms, a spacious living room, eat-in kitchens. Original woodwork throughout the property. A large unfinished attic. Full unfinished basement equipped with two newer forced air furnaces (2024). Newer hot water heaters, electrical breaker boxes. Put your finishing touches on this one, select your tenants, and start collecting rent. Super, super low taxes of $857 per year. Near to highway, Case Western Reserve University, Cleveland Clinic, University Hospitals VA Hospital, University Circle. Don't miss out on this great investment. Add this building to your portfolio today!

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 3
  • Living Area: 2,304 SqFt

Listing Office:

  • Office Name: Dwelling Network, LLC
  • Office Email: sales@dwellingnetwork.com
  • Listing Agent: Gladimir Lobo

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Paved

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: East of 152nd Street and North of St Claire

Price Information

Listing Price Info

Price Summary:

  • List Price: $75,000
  • Price Per SqFt: $33/SqFt

Tax Information:

  • Annual Amount: $857
  • 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

723 E 162nd St vs Cleveland

42 DAYS ON ROCKET

+1 Day

$75,000

-$90K Less

$33/SqFt

-$68 Less

KEY TAKEAWAY

This property is $90K less than the Median Sold Price and $68/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: #5081169

Listing Office:

  • Office Name: Dwelling Network, LLC
  • Office Email: sales@dwellingnetwork.com
  • Listing Agent: Gladimir Lobo

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: 12/30/2024, 11:56:00 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

Jun 10, 2021Home Sold
$32,500
Apr 23, 2018Home Sold
$10,800
Dec 31, 2015Home Sold
$64,000
May 31, 2013Home Sold
$17,500

Tax History

YEARPROP. TAXASSESSMENT
2020$857$9,700
2019$793$9,700
2018$1,747$9,700
2017$581$3,790

History based on county public records data.

Payment Calculator

$442

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

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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-2255695
4
/10

  • Bella Academy of Excellence

  • 19114 Bella Dr

  • 1.79 miles

  • Public Charter Grades KG-6

school-card-donut-2255696
3
/10

  • Mayfair Elementary School

  • 13916 Mayfair Ave

  • 2.08 miles

  • Public District Grades 3-5

school-card-donut-2255697
4
/10

  • Oxford Elementary School

  • 939 Quilliams Rd

  • 2.13 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 $39,276. The most common annual income of people living in Cleveland, OH is between $35k-100k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44110›723 E 162nd St

This home is located at 723 E 162nd St in Cleveland, OH and zip code 44110 in the Collinwood Nottingham neighborhood. This 2,304 square foot home, which was built in 1925, sits on a 0.11 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $75,000.

In November 2024 more than 223 listings in Cleveland, OH were sold above the asking price. During the same period more than 96 listings were sold at asking price, while more than 310 were sold below. In November 2024 in Cleveland, OH there were 4.7% less homes for sale than in October 2024. In November 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $165,015.

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

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