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  • $78,000

    16311 Lotus Dr, Cleveland, OH 44128

    4beds
    1,490sqft
    Single Family Residence
    Built in 1929
    4,560 Square Feet Lot
    $112,500 Zestimate®
    $52/sqft
    $1,615 Estimated rent

    Home value

    $112,500

    $90,000 - $133,000

    $1,615/mo

    Zestimate® history
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    $455/mo

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    $455/mo

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    What's special

    Ample interior spaceNewer roof
    Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don’t miss your chance to capitalize on this promising investment!

    Zillow last checked:

    Listing updated:

    Listed by:

    Journey Toole JourneyToole@kw.com440-935-9793,

    Keller Williams Living

    Bought with:

    Steven Nguyen, 2024002409

    Keller Williams Greater Cleveland Northeast

    Source: MLS Now,MLS#: 5090823MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Partially Finished
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,490
    • Total interior livable area: 1,490 sqft
    • Finished area above ground: 1,490

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached, Garage
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,560 Square Feet
    Details
    • Parcel number: 14108139

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Aluminum Siding, Asphalt, Other, Plaster, Shingle Siding, Vinyl Siding, Wood Siding
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1929

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Miles-Harvard Park 05
    HOA
    • Has HOA: No
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $52/sqft
    • Tax assessed value: $73,000
    • Annual tax amount: $1,457
    • Date on market: 12/20/2024
    • Cumulative days on market: 82 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    3/13/2025Pending sale$78,900+1.2%$53/sqft
    Source: MLS Now #5090823 Report a problem
    3/12/2025Sold$78,000-1.1%$52/sqft
    Source: MLS Now #5090823 Report a problem
    1/22/2025Contingent$78,900$53/sqft
    Source: MLS Now #5090823 Report a problem
    12/20/2024Listed for sale$78,900+39.6%$53/sqft
    Source: MLS Now #5090823 Report a problem
    12/12/2024Sold$56,500+62.4%$38/sqft
    Source: Public Record Report a problem
    5/17/2022Sold$34,800+98.9%$23/sqft
    Source: Public Record Report a problem
    7/14/2010Sold$17,500+16.7%$12/sqft
    Source: Public Record Report a problem
    5/21/2010Listed for sale$15,000-78.4%$10/sqft
    Source: foreclosure.com Report a problem
    9/29/1999Sold$69,300$47/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,709 +2%$25,550
    2024$1,675 +14.9%$25,550 +35.9%
    2023$1,457 +2.8%$18,800
    2022$1,418 +1%$18,800
    2021$1,404 +1.1%$18,800 +17%
    2020$1,388 -52.1%$16,070 +0.1%
    2019$2,896 +126.5%$16,060 -0.1%
    2018$1,279 -66%$16,070 -16.2%
    2017$3,757 +281.4%$19,180
    2016$985 +15.5%$19,180
    2015$853 +3.3%$19,180 +2%
    2014$825 +1.8%$18,800
    2013$810 +3.1%$18,800
    2012$786 -46.3%$18,800 -22.8%
    2011$1,465 -2.6%$24,360
    2010$1,504 +3.7%$24,360
    2009$1,451 -7.6%$24,360 -12%
    2008$1,569 +3.3%$27,690
    2007$1,519 +0.1%$27,690
    2006$1,517 $27,690 +12%
    2005-- $24,720
    2004$1,408 +1.1%$24,720
    2003$1,393 +10.1%$24,720 +9.1%
    2002$1,265 -42.8%$22,650
    2001$2,213 +4.5%$22,650
    2000$2,118 $22,650
    Find assessor info on the county website

    Neighborhood: Lee Miles

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Municipal - 1809

    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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    Estimated market value
    $112,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $112,500