Cleveland Heights, OH Colonial Revival

Here in Cleveland Heights, a charming, well-maintained suburb directly east of Cleveland, we find a tidy colonial revival on a good-sized corner lot listed for $19,900. This house, unlike many REOs, was not bought by its previous owner at the peak of the bubble at an outrageous price, but rather sold over 10 years ago, at a modest price tag of $55,300 (9/17/1996). Zillow.com, however, believes this house to be worth $115,000 currently.


In this well-kept neighborhood, a house like this would rent for $750 to $1,000 per month -- a place like this could totally pay for itself in as little as 2 years (3 or 4 if it ends up needing any serious work, which seems unlikely given the property's description); even though it's in an economically challenged region of the US, it seems like it would be a pretty worthwhile investment. Realistically, this house is now available at its 30- or 40-years ago price.



The basics...
Address: 4019 Elmwood Road, Cleveland Heights, OH 44121
Current Listing Price: $19,900
PREVIOUS Sale Price: $55,300
Size: 3 Bedrooms, 1.5 Bathrooms; 1,351 square feet
Lot: .11 acres

http://www.realtor.com/realestate/cleveland+heights-oh-44121-1099677093/