For SaleRisky Deal48 days on market
2862 Fairmount Blvd
2862 Fairmount Blvd, Cleveland Heights, OH 44118, Cleveland Heights, OH 44118
$1,250,000
Listing Price
2862 Fairmount Blvd, Cleveland Heights, OH 44118
Loc: Cleveland Heights, OH
Days Listed
48
Tax Assessed
$780k
Lot Size
1.03 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Fairfax Elementary School
K-5
0.6 mi away
6
Roxboro Middle School
6-8
0.7 mi away
6
Cleveland Heights High School
9-12
1.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Tudor revivaltimber framingstucco exteriorgabled roofhistoric charmlush landscapingmature treesmanicured lawngrand entrywaysymmetrical windowssuburban estatearchitectural detailinvitingclassic craftsmanship
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.06%
Total ROI
90.6%
Cash Flow
$-171/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-171/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • Strong rental demand in Cleveland Heights
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Price change | $1,250,000 | $198 |
| 2026-08-06 | Listed for sale | $1,295,000 | $205 |
| 2024-06-21 | Sold | $838,000 | $133 |
| 2024-06-21 | Pending sale | $875,000 | $139 |
| 2024-05-16 | Contingent | $875,000 | $139 |
| 2024-04-24 | Listed for sale | $875,000 | $139 |
| 2024-04-19 | Contingent | $875,000 | $139 |
| 2024-03-25 | Pending sale | $875,000 | $139 |
| 2024-03-25 | Listed for sale | $875,000 | $139 |
| 2022-05-25 | Listing removed | $0 | – |
| 2022-05-04 | Listing removed | $0 | – |
| 2022-04-28 | Listed for sale | $845,000 | $134 |
| 2020-07-22 | Sold | $600,000 | $95 |
| 2020-06-11 | Pending sale | $625,000 | $99 |
| 2020-05-04 | Listed for sale | $625,000 | $99 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $22,284.24 | $272,900 |
| 2024 | $22,766.9 | $272,900 |
| 2023 | $22,421.06 | $210,000 |
| 2022 | $22,305.86 | $210,000 |
| 2021 | $21,845.06 | $210,000 |
| 2020 | $21,100.64 | $183,400 |
| 2019 | $20,379.3 | $183,400 |
| 2018 | $20,225.82 | $183,400 |
| 2017 | $19,624.86 | $165,410 |
| 2016 | $18,567.46 | $165,410 |
| 2015 | $18,567.46 | $165,410 |
| 2014 | $17,201.54 | $153,160 |
| 2013 | $21,435.24 | $153,160 |
| 2012 | $15,217.7 | $153,160 |
| 2011 | $15,223.5 | $157,510 |
| 2010 | $16,253.9 | $180,680 |
| 2009 | $1,607.51 | $180,680 |
| 2008 | $16,243.2 | $192,230 |
| 2007 | $15,764.9 | $192,230 |
| 2006 | $14,578.7 | $192,230 |
| 2005 | $14,061.4 | $171,470 |
| 2004 | $13,974.3 | $171,470 |
| 2003 | $12,541.8 | $171,470 |
| 2002 | $11,853.7 | $149,770 |
| 2001 | $23,543.8 | $149,770 |
| 2000 | $23,454 | $149,770 |
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