Score
0Garfield Heights, OH
4808 E 84th St
111K
2 beds
1 baths
2 bd • 1 ba • sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$111,000
Price/Sq.Ft
$111,000
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordable Price Point: At $111,000, the property is relatively affordable, potentially attracting first-time homebuyers or investors. Compare this price to the median home value in Garfield Heights to determine its competitiveness.
• Rental Income Potential: The presence of 2 bedrooms aligns with the local rental market, where 2-bedroom units average $1070 per month in rent. This presents an opportunity for generating passive income.
• Proximity to Cleveland: Garfield Heights' location offers convenient access to Cleveland's amenities, employment opportunities, and cultural attractions. This can be a significant selling point for potential renters or buyers.
The Bad
• Limited Property Information: The lack of details (square footage, room dimensions, utility specifics) makes valuation challenging. Comparable properties in Garfield Heights typically provide this information.
• Unknown Build Year: The unknown construction date makes it difficult to assess potential maintenance needs. Older homes often have outdated systems (plumbing, electrical) requiring costly upgrades. Homes built before 1978 may contain lead-based paint, requiring remediation.
• No Property Description: The absence of a property description prevents a clear understanding of the home's condition. Details about recent renovations, upgrades, or existing issues are missing, making it difficult to assess the property's true value and potential risks.
The Ugly
• Potential Renovation Costs: Given the aging housing stock in Garfield Heights, this property may require significant renovations. Without knowing the condition of essential systems (roof, plumbing, electrical), it's difficult to estimate the potential costs, which could range from $10,000 to $50,000 or more.
• Crime Rate Concerns: Garfield Heights has higher crime rates than the national average. According to recent data, the violent crime rate is 7.5 per 1,000 residents, compared to the national average of 4.0. The property crime rate is 35 per 1,000 residents, compared to the national average of 20. This could deter some buyers and impact property values.
• School District Performance: The Garfield Heights City School District has lower ratings compared to other districts in Cuyahoga County. This may be a concern for families with children and could affect the property's resale value.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking rental income: The property's 2-bedroom configuration aligns with the local average rent of $1070/month, suggesting a potential income stream. This is particularly attractive to investors seeking immediate cash flow.
• Buyers comfortable with older homes: Those who appreciate the character of older homes and are prepared for potential maintenance are good candidates.
• Buyers looking for a property with easy access to Cleveland: The property's proximity to major highways and public transportation makes it suitable for those commuting to Cleveland for work or leisure.
Not For
• Buyers seeking modern or updated homes: Given the lack of information about updates, the property may require significant renovations. Buyers looking for move-in-ready homes may find this property unsuitable.
• Buyers on a tight budget: Older homes often require more maintenance and repairs. Buyers with limited funds may struggle to cover unexpected expenses.
• Buyers prioritizing school quality: The Garfield Heights City School District may not be the best fit for families seeking high-performing schools. Buyers should research school ratings and consider alternative options if necessary.
Demographics
Area Median Income
$49,070
Property History
Price History
Ownership Timeline
$111,000Financed
Mar 14, 2024David Krueger, Laura KruegerTom Putsawatanachai, Mai Phuong Nguyen
Warranty Deed
Standard Sale (Purchase/Resales)
$70,000Cash Purchase
Oct 30, 2018Kenneth S Urzycki, Julie UrzyckiDavid Krueger
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,070
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