See Home Value
$151,813*
House - Off Market

18323 Marcella Rd

Cleveland, OH 44119
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1816 Sqft
$132,000 - $160,000
Reference Base Price*
3.98%
Since Aug 1, 2022
OH-Cleveland
Primary Model
Sold Jul 11, 2022
$289,000
$196,700 by Conventus Llc
Mortgage
Sold Feb 22, 2019
$32,600

About This Property

Investor special. 9% cap rate! 15-year tax abatement ($45,000 savings over 15 years). Beautifully updated and an amazing property to add to any investor portfolio. Beautifully remodeled and move-in-ready condition.  This stunning 4 bedroom cape cod has everything you could possibly want and more.  Fresh flooring throughout and an updated fireplace makes for a perfect living area to relax, or host your friends and family. Walk into your new home and the first thing you'll notice is the character.  Everything is brand new but the character remains intact.  Fresh tile through the kitchen and living area leading into your luxury kitchen.  New cabinets, brand new stainless steel appliances, and granite countertops. With huge amounts of counter space, this is an ideal setup for someone who loves to cook, or just needs the extra space to make food. As if 4 bedrooms wasn't enough, off the back of the house is a 4 seasons room. Perfect for a playroom or home office. tired of sharing a sink?? A fully updated and remodeled bathroom features gorgeous tile work and double sinks that provide all the room you need. With two bedrooms on the main floor and two more upstairs, plus a full basement, this home has tons of room to grow.  This is the perfect home for an investor looking for a turnkey property that will collect high-end rent, or a growing family looking for a room to grow. Currently, the tenant is occupied, do not disturb the tenant. Showing available after accepted offer.

The manager has listed the unit size as 1816 square feet.
Unit Size
1,816Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$80
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Jul 14, 2022 No longer available -
No longer available
Jul 11, 2022 Sold $289,000
Sold
May 8, 2022 In contract -
In contract
Feb 23, 2022 Listed $146,000
Listed
Mar 1, 2019 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,269
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,060
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,085
  • Gross Building Area: 3,085
  • Building Area: 1,816
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,816
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EUCLID 15
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR 15 WP 438.78FT W OF E 185TH ST

Ownership

  • Current Owner : FIRST QUARTER HOLDING LLC
  • Previous Owner : PORT1 LLC
  • Owner Before Previous Owner: WILMINGTON SAVINGS FUND SOCIETY FSB
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cleveland Municipal School District
  • School Tax School District: CLEVELAND MSD
  • Census Tract: 117600

Zoning

  • Zoning: 2F

Geography

  • Assessors Map Reference: 113-08
  • Subdivision Tract Number: 15
  • Parcel: 113-08-040
  • Lot: 15
  • Municipality: CLEVELAND
  • Latitude: 41.5817
  • Longitude: -81.5512

    Address

  • Full Address: 18323 Marcella Rd
  • Address - House Number: 18323
  • Address - Street Name: Marcella
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Cleveland
  • Carrier Code: C014
  • 4-Digit Zip Code: 2621
  • Zip Code: 44119

Valuation

    Tax

  • Total Area: 1,816
  • Tax Year: 2022
  • Tax Amount: $1,004
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: CLEVELAND

    Appraisal Valuation

  • Standard Deviation: 0.2674
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 61
  • Final Value: 120,060
  • High Value: 152,175
  • Low Value: 87,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $196,700
  • First Open Lien Mortgage Lender: CONVENTUS LLC
  • First Open Lien Mortgage Recording Date: Jul 11, 2022
  • First Open Lien Mortgage Loan Amount: $196,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $71,900
  • Market Land Value: $22,500
  • Market Improvement Value: $49,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,165
  • Assessed Land Value: $7,875
  • Assessed Improvements Value: $17,290

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Transaction ID: 11892409217
  • Current Sale Price: $289,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 545
  • Previous Sale Recording Date: Feb 22, 2019
  • Previous Sale Contract Date: Feb 14, 2019
  • Previous Sale Amount: $32,600
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CONVENTUS LLC
  • First Mortgage Transaction Date: Jul 11, 2022
  • First Mortgage Loan Amount: $196,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,727 ft²
$75/ft²
$129,900 Jan 8, 2024
-
$169/mo
House
5 Beds
3.5 Baths
1,816 ft²
$77/ft²
$139,900 Feb 23, 2024
-
-
House
3 Beds
1.5 Baths
1,300 ft²
$118/ft²
$152,900 Feb 5, 2024
-
$189/mo
Multifamily
4 Beds
2 Baths
1,488 ft²
$84/ft²
$125,000 Jan 26, 2024
-
$132/mo
House
3 Beds
1.5 Baths
1,282 ft²
$101/ft²
$130,000 Nov 16, 2023
-
$135/mo
House
3 Beds
2 Baths
1,086 ft²
$131/ft²
$142,500 Mar 16, 2023
-
$205/mo
Multifamily
4 Beds
2 Baths
-
$159,000 Feb 9, 2024
-
$167/mo
Multifamily
4 Beds
2 Baths
-
$153,900 Feb 13, 2024
-
$191/mo
In Contract
Multifamily
6 Beds
2 Baths
2,534 ft²
$57/ft²
$145,000 Oct 6, 2023
-
$211/mo

About North Collinwood


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Frequently Asked Questions

When was property at 18323 Marcella Road built and last sold?
The property at 18323 Marcella Road was built in 1920 and last sold on Jul 6, 2022 for $289,000.
How much is this home worth?
The estimated value of the home located at 18323 Marcella Road is $145,548.
What are some comparable homes to 18323 Marcella Road?
There are currently no comparable homes to 18323 Marcella Road.

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