Owner
$537,664
30038 WASHINGTON WAY, WESTLAKE, OH
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
2,548
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B
Good Condition
Living Area
Attached Garage
2 Stories
Unspecified Basement
Forced Air Unit
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1993
Building Size
2,548 sq ft
Lot Size
16,509 sq ft
Lot Size (Acres)
0.38 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)
216-09-066
County
Cuyahoga County, Ohio
Metro Area
Cleveland, OH
Zoning
F-1F80
Neighborhood/Subdivision
WESTPARK RIDGE SUB
Lot Number
42
School District
Westlake City School District
Legal Description
22 WESTPARK RIDGE SUBD PH1 0042
Tax & Value Information
Market Value (Total)
$459,600
Building Value
$361,000
Land Value
$98,600
Annual Property Tax
$7,620
Tax Assessment Year
2024
Assessed Value
$160,860
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
4/22/1993
Recording Date
4/22/1993
Sales Document #
—
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
$20,805
Return on Investment
15.60%
After Repair Value
$591,430
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
$483,898
Renovation Cost
$26,883
Closing Costs (buying)
$9,678
Holding Costs
$14,681
Selling Costs
$35,486
Total Investment
$133,341
After Repair Value (ARV)
$591,430
Total Costs
$570,626
Estimated Profit
$20,805
Cash Invested
$123,663
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