Owner
$316,809
25766 MELIBEE DR, WESTLAKE, OH
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
1,350
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Good Condition
Living Area
Attached Garage
1 Story
Partial Basement
Forced Air Unit
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1958
Building Size
1,350 sq ft
Lot Size
15,000 sq ft
Lot Size (Acres)
0.34 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
215-21-063
County
Cuyahoga County, Ohio
Metro Area
Cleveland, OH
Zoning
F-1F80
Neighborhood/Subdivision
DOVER
Lot Number
49
School District
Westlake City School District
Legal Description
37 WP 800FT W OF LAURA LANE 0049 ALL
Tax & Value Information
Market Value (Total)
$250,100
Building Value
$199,500
Land Value
$50,600
Annual Property Tax
$4,147
Tax Assessment Year
2024
Assessed Value
$87,535
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
11/21/2001
Recording Date
11/26/2001
Sales Document #
2001.715
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$12,259
Return on Investment
15.60%
After Repair Value
$348,490
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$285,128
Renovation Cost
$15,840
Closing Costs (buying)
$5,703
Holding Costs
$8,651
Selling Costs
$20,909
Total Investment
$78,569
After Repair Value (ARV)
$348,490
Total Costs
$336,231
Estimated Profit
$12,259
Cash Invested
$72,866
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area