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Sold for $320,500
  • $320,500

    3559 Latimore Rd, Shaker Heights, OH 44122

    5beds
    --sqft
    Triplex, Multi Family
    Built in 1928
    -- sqft lot
    $335,200 Zestimate®
    $--/sqft
    $1,504 Estimated rent

    Home value

    $335,200

    $305,000 - $369,000

    $1,504/mo

    Zestimate® history
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    What's special

    Rare opportunity to own a 3 unit income property perfectly located just minutes away from the Van Aken District and some of the east side's best employment an entertainment! Perfect house-hack for an owner occupant to live in one unit and have tenants pay the majority of their mortgage! Or all three units can be leased and should easily bring in #3,300 per month as is! Further updating can be done to fetch premium rents as updated 2 bed units in the neighborhood go for $1,400-$1,600! New development is happening just down the road and this property is poised to be a fantastic long term investment for the savvy investor or owner occupant. There have been a number of updates from current ownership including quartz countertops in the lower unit, refinished hardwoods, vinyl plank flooring, new bathroom vanities and light fixtures, full exterior paint job, new AC unit, new HWT, new washer and dryer, and much more! The basement is clean and dry and recently purchased a new washer and dryer. The top floor apartment is currently leased to a month to month tenant at $500 per month. As is, this can be raised to $700. There are 3 garage spots currently not being charged for but could be to produce additional income. Roof has significant life left on it and solid mechanicals! At full price, seller is offering $4,000 towards buyer's closing costs as well as a home warranty. PROPERTY WILL BE POS COMPLIANT.

    Zillow last checked: 9 hours ago

    Listing updated: January 06, 2025 at 09:00am

    Listing Provided by:

    Michael Orlando mjorlando1994@gmail.com216-956-1884,

    Key Realty

    Bought with:

    Mark A McGuire, 2020009123

    Parkview Realty Group Ltd

    Source: MLS Now,MLS#: 5082938MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air, Wall/Window Unit(s)
    Features
    • Basement: Concrete

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Garage
    • Garage spaces: 3
    Features
    • Levels: Three Or More
    • Patio & porch: Balcony
    • Exterior features: Balcony
    Lot
    • Size: 6,298 sqft
    Details
    • Parcel number: 73620101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Brick
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • Year built: 1928
    Details
    • Warranty included: Yes

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Shaker Heights
    • Subdivision: Vansweringen

    Price history

    DateEventPrice
    1/6/2025Pending sale$319,000-0.5%
    Source: MLS Now #5082938 Report a problem
    12/27/2024Sold$320,500+0.5%
    Source: MLS Now #5082938 Report a problem
    11/25/2024Contingent$319,000
    Source: MLS Now #5082938 Report a problem
    11/6/2024Listed for sale$319,000+82.3%
    Source: MLS Now #5082938 Report a problem
    1/20/2022Listing removed--
    Source: Zillow Rental Manager Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,496 +3.5%$84,490 +33.1%
    2023$7,244 +8.7%$63,490 +3.7%
    2022$6,665 +0.3%$61,250

    Find assessor info on the county website

    Neighborhood: Lomond

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Shaker Heights CSD - 1827

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $335,200
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    With Zillow Showcase(estimated)$341,904