16311 Lotus Drive
Cleveland, OH 44128
- 4 beds
- 2 baths
- 1,490 sqft
- 4,561 sqft lot
- $52 per sqft
- 1929 build
- – on site
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!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 20, 2024
•
MLS# 5090823 —
The Building
-
Year Built:1929
-
Year Built Source:PublicRecords
-
Construction Materials:AluminumSiding,Asphalt,Other,Plaster,ShingleSiding,VinylSiding,WoodSiding
-
Architectural Style:CapeCod
-
Levels:Two
-
Stories:2
-
Roof:Asphalt,Shingle
-
Basement:PartiallyFinished
-
Basement:true
-
Above Grade Finished Area:1490.0
-
Above Grade Finished Area Source:Realist
Interior
-
Rooms Total:7
-
Fireplace:true
-
Fireplaces Total:1
Room Dimensions
-
Living Area:1490.0
-
Living Area Units:SquareFeet
Location
-
Directions:16311 Lotus Dr, Cleveland, OH 44128
-
Latitude:41.44621
-
Longitude:-81.566553
The Property
-
Parcel Number:141-08-139
-
Property Type:Residential
-
Property Subtype:SingleFamilyResidence
-
Property Subtype Additional:SingleFamilyResidence
-
Lot Size Acres:0.1047
-
Lot Size Area:0.1047
-
Lot Size Units:Acres
-
Lot Size Source:PublicRecords
-
Waterfront:false
-
Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (440) 935-9793
- Office phone:
- (440) 318-1620
Taxes
-
Tax Year:2023
-
Tax Legal Description:72 MHPK#5 0706 ALL
-
Tax Annual Amount:$1,457
Beds
-
Bedrooms Total:4
-
Main Level Bedrooms:2
Baths
-
Total Baths:2
-
Full Baths:1
-
Half Baths:1
-
Main Level Baths:2
The Listing
-
Listing Terms:Cash,Conventional
-
Home Warranty:false
-
Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/16311-Lotus-Drive-Cleveland-OH-44128/unbranded
Heating & Cooling
-
Heating:ForcedAir
-
Heating:true
-
Cooling:None
-
Cooling:false
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
Elementary School District:Cleveland Municipal - 1809
-
Middle School District:Cleveland Municipal - 1809
-
High School District:Cleveland Municipal - 1809
The Community
-
Subdivision Name:Miles Harvard Park 05
-
Pool Private:false
-
Association:false
Parking
-
Garage:true
-
Attached Garage:false
-
Garage Spaces:1.0
-
Carport:false
-
Parking Features:Detached,Garage
Monthly cost estimate
Asking price
$78,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$422
|
| Taxes | $121 |
| Insurance | $21 |
| Utilities | $169 See report |
| Total | $733/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/20/24
Dec 20, 2024
|
Listed / Active | MLS_NOW | $78,900 |
32% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $7k above asking price on average, but some went as high as $19k over asking price.
