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  • $411,200

    1606 Clarence Ave, Lakewood, OH 44107

    5beds
    2,925sqft
    MultiFamily
    Built in 1922
    -- sqft lot
    $411,200 Zestimate®
    $141/sqft
    $1,759 Estimated rent

    Home value

    $411,200

    $374,000 - $452,000

    $1,759/mo

    Zestimate® history
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    $2,889/mo

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    $2,889/mo

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    What's special

    Spacious two family home with 2900 square feet of living space on first thru third floors. Classic 5 x 5 floor plan for first and second floor. 3rd floor consists of 3 rooms and full bathroom. Great room sizes. Decorative fireplaces. Hardwood flooring. Some replacement windows in the first floor unit. Full basement with a finished room area. Additional 4th full bath in basement. Separate unit entrances for first and second floor. Larger spacious front entrance to second floor with landing and coat closet. Two car attached garage with rear yard green space. Rear deck area for enjoyment. Two classic front porches extend unit living space in spring, summer, and fall. Large eat in kitchens with dishwashers in first two units. Charm abounds with leaded glass, built-ins in dining rooms, crown molding, and fireplace built-ins on first floor. The third floor does have separate meters and furnace. Clarence location features wide street with just two doubles on the block. Quiet neighborhood close walk to Madison Park or Library. Larger lot size as well. Long term month to month tenants. Rents are below market rent (listed in MLS per unit) with room to grow rent roll. Current homeowner was granted a variance for separate third floor tenant when home was purchased. Seller makes no guarantees that this variance will be authorized upon title transfer to new owner by City of Lakewood. If not, third floor space provides great options for one tenant renting both second and third floors.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced air
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,925 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport, Garage - Attached, Off-street, On-street
    Features
    • Exterior features: Other
    Lot
    • Size: 7,400 Square Feet
    Details
    • Parcel number: 31506005

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1922

    Community & HOA

    Location
    • Region: Lakewood

    Financial & listing details

    • Price per square foot: $141/sqft
    • Tax assessed value: $261,000
    • Annual tax amount: $5,905

    Price history

    DateEventPrice
    6/30/2021Sold$261,000-3%$89/sqft
    Source: MLS Now #4266630 Report a problem
    5/21/2021Pending sale$269,000$92/sqft
    Source: MLS Now #4266630 Report a problem
    5/4/2021Price change$269,000-3.6%$92/sqft
    Source: MLS Now #4266630 Report a problem
    4/5/2021Listed for sale$279,000$95/sqft
    Source: MLS Now #4266630 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,905 -0.2%$91,350
    2024$5,916 -9.2%$91,350 +6.2%
    2023$6,513 -0.6%$86,030
    2022$6,555 +1%$86,030
    2021$6,490 +12.7%$86,030 +29%
    2020$5,758 +0.5%$66,710
    2019$5,732 +1.6%$66,710
    2018$5,639 +11.3%$66,710 +22.6%
    2017$5,066 +0.7%$54,430
    2016$5,032 $54,430
    2015$5,032 -0.1%$54,430 +4%
    2014$5,034 +1.1%$52,330
    2013$4,982 +11.2%$52,330
    2012$4,480 -1.4%$52,330 -3.6%
    2011$4,542 +0.3%$54,260
    2010$4,529 +9.3%$54,260
    2009$4,145 +4.8%$54,260
    2008$3,955 -13%$54,260 -14.2%
    2007$4,546 +0.4%$63,250
    2006$4,526 +10.3%$63,250 +16.6%
    2005$4,102 +1%$54,260
    2004$4,063 +8.3%$54,260
    2003$3,752 +11.5%$54,260 +14.5%
    2002$3,365 -45%$47,390
    2001$6,123 -0.1%$47,390
    2000$6,128 $47,390
    Find assessor info on the county website

    Neighborhood: 44107

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $411,200
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    Estimated market value
    $411,200