13 days on rocket

Sale Pending

2434 Overlook Rd, Cleveland Heights, OH, 44106

$489,900

Home List Price

$5,818*

Closing Credit

6 Bedrooms
6 Full Baths
3,544 SqFt
$138/SqFt
Multi
Schools Nearby

Location

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2434 Overlook Rd, Cleveland Heights$489,900

Buyer Closing Credits

$5,818*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingDetached, Garage
Garage3 spaces
Year Built1916
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #5031947
Lot Size0.42 Acres
StatusSale Pending
(Pending)

About 2434 Overlook Rd

4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland's hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don't miss out on this exceptional investment opportunity! The county auditor's website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 3,544 SqFt

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.42 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Roxboro Middle School, Public District Grades 6-8
  • Roxboro Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: South of Mayfield Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $489,900
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $11,849
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland Heights, OH.

Med. Sold Price

$199.9K

Med. Price/SqFt

$107

Avg. Days On Market

51

# of Sold Homes

46

2434 Overlook Rd vs Cleveland Heights

13 DAYS ON ROCKET

-38 Days

$489,900

+$289.9K More

$138/SqFt

+$31 More

KEY TAKEAWAY

This property is $289.9K more than the Median Sold Price and $31/SqFt more than other homes in Cleveland Heights, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5031947

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

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: 5/3/2024, 12:20:38 AM 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 04, 2013Home Sold
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2020$11,849$100,730
2019$11,361$100,740
2018$11,367$100,740
2017$9,353$76,860

History based on county public records data.

Payment Calculator

$2,513

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,535

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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-5082401
6
/10
  • Roxboro Elementary School

  • 2405 Roxboro Rd

  • 0.98 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5082402
4
/10
  • Roxboro Middle School

  • 2400 Roxboro Rd

  • 0.95 miles

  • Public District Grades 6-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,054. Residents of Cleveland Heights, OH typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesOhioCuyahoga CountyCleveland Heights441062434 Overlook Rd

This home is located at 2434 Overlook Rd in Cleveland Heights, OH and zip code 44106. This 3,544 square foot home, which was built in 1916, sits on a 0.42 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $489,900.

Cleveland Heights, OH housing market in April 2024 saw over 16 listings sold above listed price, more than 4 sold at listed price and over 26 sold below. Between March 2024 and April 2024, Cleveland Heights, OH real estate market has seen increase in the number of listings by 10.6%. The median list price of listings available in April 2024 was $199,966, while the average time on the real estate market was 51 days.

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

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