Check Availability

12775 Berea Road

12775 Berea Road, Cleveland, OH 44111
Property in Jefferson
Local assessors in Cleveland, OH have categorized 12775 Berea Road as a commercial type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 1982. The property's lot size has been calculated to be 129,373 square feet. There are also 5 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12775 Berea Road has a total of 70,300 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 12775 Berea Road is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with other control joints. The building has a flat style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12775 Berea Road sold most recently in Nov 10, 2021 for a total of $3,100,000. If you work out the math, that's approximately a cost of $44.10 per sqft. Before that, the property was also sold for $1,300,000 in Nov 15, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $45,380 in taxes each year. The initial year of tax delinquency occurred in 2021. 12775 Berea Road was most recently assessed in 2021. During this assessment, the property's total value was estimated to be about $1,430,100. If we break it down further, the land itself was valued at $163,400. Improvements to the property, however, were assessed at a total of $1,266,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Construction Type: Other
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 129,373
  • Total Building Area: 70,300
  • Gross Building Area: 70,300
  • Building Area: 70,300
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Forced air unit
  • Heated Square Feet: 70,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Land Acres: 2.97
  • Standard Land Use Code: Mini-warehouse, self-storage
  • Legal Description 1: 20 INDUSSITES NEXT W OF NATIONAL CARBON 000E

Ownership

  • Current Owner : ACTIUM LLC
  • Previous Owner : YANG REAL ESTATE INVESTMENTS LLC
  • Owner Before Previous Owner: ECP CLEVELAND RETAIL LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cleveland Municipal School District
  • School Tax School District: CLEVELAND MSD
  • Census Tract: 123501

Zoning

  • Zoning: GI

Geography

  • Assessors Map Reference: MB021 PG16
  • Parcel: 021-16-001
  • Municipality: CLEVELAND
  • Latitude: 41.4699
  • Longitude: -81.7775

    Address

  • Full Address: 12775 Berea Rd
  • Address - House Number: 12775
  • Address - Street Name: Berea
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Cleveland
  • Carrier Code: C006
  • 4-Digit Zip Code: 1623
  • Zip Code: 44111

Valuation

    Tax

  • Total Area: 70,300
  • Tax Year: 2022
  • Tax Amount: $45,380
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: CLEVELAND

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,228,300
  • First Open Lien Mortgage Lender: SUMMIT COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Nov 15, 2021
  • First Open Lien Mortgage Loan Amount: $3,228,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Recording Date: Nov 15, 2021
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $1,430,100
  • Market Land Value: $163,400
  • Market Improvement Value: $1,266,700

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $1,430,100
  • Assessed Land Value: $163,400
  • Assessed Improvements Value: $1,266,700

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Transaction ID: 11869872615
  • Current Sale Price: $3,100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202111150115
  • Previous Sale Recording Date: Nov 18, 2019
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT COMMUNITY BANK
  • First Mortgage Transaction Date: Nov 15, 2021
  • First Mortgage Loan Amount: $3,228,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Jefferson



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 14217-19 Athens Avenue, Lakewood, OH, 44107

$1,475 /mo

  • 2 Beds
  • 1 Bath
  • 934 ft²
14217-19 Athens Avenue #UP, Lakewood, OH, 44107 Listing by Christina Carpadis
Unit for rent at 11609 Detroit Avenue, Cleveland, OH, 44102

$1,450 /mo

  • Studio
  • 1 Bath
11609 Detroit Avenue, Cleveland, OH, 44102 Listing by Asya Heckel
Unit for rent at 10612 Bernard Avenue, Cleveland, OH, 44111

$1,395 /mo

  • 3 Beds
  • 2 Baths
10612 Bernard Avenue, Cleveland, OH, 44111 Listing by Anya Hodgson

Frequently Asked Questions

What neighborhood is 12775 Berea Road located in?
The 12775 Berea Road is a located in the neighborhood of Jefferson in Jefferson, Cleveland.
What is the average sales price for listings in 12775 Berea Road?
The average sales price for units in 12775 Berea Road is $0 currently.

Quantcast