Sold638d on marketHistoric · 111 yrs
1125 Galewood Dr
Cleveland, OH, 44110 • South Collinwood • Cuyahoga County
$87,900
$63/sqft
4Beds
1Baths
1,402Sqft
0.05 acLot
1915Built
Property DNA
Colonial Style
Built 1915 · 111 years of history
Leworthy Helwick Companys
South Collinwood
This home is getting attention
Listed 638 days ago · 399 views · 17 saves
Market activity
Demand and pricing signals for this listing
399 views
People checking out this listing
17 saves
Buyers have saved this home
638 days on market
Established listing
$63/sqft
Price per square foot
About this home
Single Family · Built 1915 · Historic
Discover this prime investment opportunity with a recently updated single-family home. The property features a brand new kitchen, new flooring throughout, fresh paint, and numerous additional upgrades, making it an attractive option for both tenants and investors alike. The property is currently occupied with a tenant paying $1,300 per month, covering their own electric and gas, while the owner is responsible for water and sewer. The lease is in place until June 1, 2025, providing stable cash flow for the foreseeable future. This stabilized, cash-flowing property offers an impressive financial profile, with an 11% capitalization rate (CAP) as-is and a nearly 20% cash-on-cash return. This investment delivers substantial returns without the need for additional improvements, making it a turn-key addition to any portfolio. Don't miss out on this high-yield investment opportunity in a desirable location. The county auditor's website states that there are 3 bedrooms and 1 bathroom but the owner states that there are 4 bedrooms and 1 bathroom since they finished the attic.
Estimated monthly payment
Based on current rates
$573/month
Principal & Interest$456
Property Tax$88
Insurance$29
Down payment20% ($17,580)
3%50%
Est. 6.75% rate · 30yr fixed · $70,320 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1915
HeatingForced Air
CoolingNone
ParkingOn Street
Lot2,134 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleColonial
ConditionUpdated/Remodeled
Year built1915
Systems
HeatingForced Air
CoolingNone
RoofAsphalt,Fiberglass
ConstructionAluminum Siding, Vinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Street
BasementUnfinished
Lot2,134 sqft
Location & Tax
NeighborhoodSouth Collinwood
Annual tax$633
Parcel11514021
Bathrooms & Fees
Full baths1
Features & details
4 categories of property features
Interior Features
Heating
Forced Air
Cooling
None
Exterior Features
Parking
On Street
Construction
Aluminum Siding
Vinyl Siding
Listing insights
Market data and value estimates
StatusSold
Days on market638
Est. value$77,800
Est. rent$1,285/mo
Tax rate1.92%
Price/sqft$63
On marketMay 30, 2024
PostedMay 30, 2024
Last sold$87,900
MLS updatedJul 9, 2024
Tour days6
Views399
Favorites17
How are the schools in Cleveland?
3 schools rated nearby
Location
Cleveland, OH, 44110
Price history
7 events
DateEventPrice$/sqftSource
Jul 8, 2024Sold$87,900$63MLS Now
Sep 22, 2023Sold$60,000$43MLS Now
Oct 27, 2022Sold$30,000$21Public Record
Jun 3, 2020Sold$19,000$14Public Record
Oct 11, 2011Sold$4,900$3Public Record
Apr 29, 2011Sold$4,000$3Public Record
Feb 8, 2011Sold$4,000$3Public Record
Sold$87,900
Jul 8, 2024•$63/sqft•MLS Now
Sold$60,000
Sep 22, 2023•$43/sqft•MLS Now
Sold$30,000
Oct 27, 2022•$21/sqft•Public Record
Sold$19,000
Jun 3, 2020•$14/sqft•Public Record
Sold$4,900
Oct 11, 2011•$3/sqft•Public Record
Sold$4,000
Apr 29, 2011•$3/sqft•Public Record
Sold$4,000
Feb 8, 2011•$3/sqft•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2024$686$10,260
Apr 8, 2023$483$6,230
Apr 8, 2022$480$6,230
Apr 8, 2021$476$6,230
Apr 8, 2020$482$5,460
Apr 8, 2019$1,232$5,460
Apr 8, 2018$445$5,460
Apr 8, 2017$7,613$7,430
Apr 8, 2016$4,996$7,430
Apr 8, 2015$4,900$7,430
Apr 8, 2014$3,762$8,540
Apr 8, 2013$2,660$8,540
Apr 8, 2012$1,691$8,540
Apr 8, 2011$960$11,070
Apr 8, 2010$664$11,070
Apr 8, 2009$1,058$11,070
Apr 8, 2008$1,207$12,570
Apr 8, 2007$689$12,570
Apr 8, 2006$689$12,570
Apr 8, 2005$466$8,090
Apr 8, 2004$484$8,090
Apr 8, 2003$456$8,090
Apr 8, 2002$413$7,390
Apr 8, 2001$722$7,390
Apr 8, 2000$691$7,390
Nearby homes
Neighborhood details
Local context around this listing
Cleveland, OH • Cuyahoga County
Nearby neighborhoods
GlenvilleJeffersonKamm's CornerLee MilesMt PleasantNorth CollinwoodOld BrooklynPuritas-LongmeadSouth BroadwayWest Boulevard
Nearby cities
ClevelandCleveland HeightsEuclidGarfield HeightsLakewoodNorth OlmstedNorth RoyaltonParma
Nearby zip codes
44102441054410644108441094411144120441284413544144
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