2 months on rocket

1498 E 118th St, Cleveland, OH, 44106

$444,000

Home List Price

$5,273*

Closing Credit

8 Bedrooms
2 Full Baths
3,588 SqFt
$124/SqFt
Multi
Schools Nearby

Location

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1498 E 118th St, Cleveland$444,000

Buyer Closing Credits

$5,273*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Gravel, Off Street, On Street
Year Built1910
HeatingForced Air
CoolingCeiling Fan(s)
BasementYes
MLS #5020284
Lot Size0.08 Acres
StatusActive

About 1498 E 118th St

Welcome to this completely renovated multi-family colonial located in the booming neighborhood of University Circle. With just 5 minutes from Case Western Reserve, Cleveland Clinic, UH Hospital, Cleveland Musuem of Art, Cleveland History Musuem, and various attractions, the location speaks for itself! This property features two units that hold 4 bedrooms and two full bathrooms each, giving the property a total of 8 bedrooms and 4 bathrooms. The units are designed to rent by the room. Each room is marked with a number to avoid any confusion and equip with a lockbox outside every door to give tenants the utmost privacy. The property is fully occupied bringing in $4,700 a month. Both units mirror one another and are identical. On the top floor you will find a secluded bedroom and bathroom that is being rented at $650 a month. On the second floor you will find three more bedrooms, and another full bathroom. The larger of the three rooms are being rented at $600 a month, and the two smaller are $550 a month. Both occupied rooms are on short term leases. The property has been completely renovated with brand new windows, roof, electrical, mechanicals, and plumbing. Property will also be sold fully furnished! Property is tax abated for the next 15 years!

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 3,588 SqFt

Listing Office:

  • Office Name: Premier Heights Realty LLC
  • Office Email: sophie@premierheights.com
  • Listing Agent: Jullian Vaughn

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Open Floorplan, Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, Gravel, Off Street, On Street

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Take exit 170C to merge onto I-90 E. Turn right onto Wade Park Ave, turn left onto E 115th St. Turn right onto Ashbury. Turn left onto E 118th. Destination is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $444,000
  • Price Per SqFt: $124/SqFt

Tax Information:

  • Annual Amount: $817
  • 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

$157.2K

Med. Price/SqFt

$95

Avg. Days On Market

45

# of Sold Homes

634

1498 E 118th St vs Cleveland

60 DAYS ON ROCKET

+15 Days

$444,000

+$286.7K More

$124/SqFt

+$29 More

KEY TAKEAWAY

This property is $286.7K more than the Median Sold Price and $29/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: #5020284

Listing Office:

  • Office Name: Premier Heights Realty LLC
  • Office Email: sophie@premierheights.com
  • Listing Agent: Jullian Vaughn

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: 4/28/2024, 9:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$817$9,240
2019$756$9,250
2018$1,218$9,250
2017$1,594$7,600

History based on county public records data.

Payment Calculator

$2,283

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,398

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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-2628120
3
/10

  • Citizens Academy East

  • 12523 Woodside Ave

  • 1.37 miles

  • Public Charter Grades KG-3

school-card-donut-2628121
3
/10

  • Mayfair Elementary School

  • 13916 Mayfair Ave

  • 1.47 miles

  • Public District Grades KG-6

school-card-donut-2628122
6
/10

  • Roxboro Elementary School

  • 2405 Roxboro Rd

  • 1.79 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 $27,568. The majority of Cleveland, OH residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44106›1498 E 118th St

This home is located at 1498 E 118th St in Cleveland, OH and zip code 44106 in the Glenville neighborhood. This 3,588 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 8 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $444,000.

In March 2024, from all listings sold in Cleveland, OH there were more than 217 sold above asking price, over 318 sold below and more than 99 were sold right at the asked price. The number of listings in Cleveland, OH increased by 5.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 45 days, the median list price was $157,247.

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

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