New - 2 days on Rocket
$926 Closing Credit¹
#5098387, Jeffrey T Cain, Listing Office: Russell Real Estate Services
$937
closing credit¹
16311 Lotus Dr Cleveland, OH 44128
$78,900 List price
$937
Closing credit¹
4 beds
1 full, 1 partial
1,490 sqft
0.1 acres
$53 / sqft
House
Property details
About 16311 Lotus Dr
Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don’t miss your chance to capitalize on this promising investment!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Size1,490 sqft
BasementYes
Lot size0.1047 Acres
Year built1929
ParkingDetached, Garage
MLS #5090823
Garage1 space
Summary
- MLS Number: 5090823
- MLS Name: NOWDD
- Office Name: Keller Williams Living
- Office Phone: (440) 935-9793
- Office Email: JourneyToole@kw.com
- Listing Agent: Journey Toole
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$78,900
16311 Lotus Dr
$937
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 14, 2010 | Home Sold | $17,500 |
| May 21, 2010 | Home Sold | $16,667 |
| Sep 29, 1999 | Home Sold | $69,300 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $18,800 | $1,457 |
| 2022 | $18,800 | $14,896 |
| 2021 | $18,800 | $1,403 |
| 2020 | $16,070 | $1,387 |
| 2019 | $16,070 | $1,283 |
| 2018 | $16,070 | $1,278 |
| 2017 | $19,180 | $1,581 |
History based on county public records data.
Nearby schools
2
Smart Academy
Public Charter KG-4
1.2 mi
•4351 E 131st St
5
Lomond Elementary School
Public District KG-4
1.2 mi
•17917 Lomond Blvd
6
Fernway Elementary School
Public District KG-4
1.8 mi
•17420 Fernway Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,979. The majority of Cleveland, OH residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
45%
<35k
52%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
19%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
17%
18-34 yrs old
39%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 16311 Lotus Dr
This home is located at 16311 Lotus Dr in Cleveland, OH and zip code 44128 in the Lee / Harvard neighborhood. This 1,490 square foot home, which was built in 1929, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $78,900.
In January 2025 more than 139 listings in Cleveland, OH were sold above the asking price. During the same period more than 69 listings were sold at asking price, while more than 336 were sold below. Between December and January 2025, Cleveland, OH real estate market has seen decrease in the number of listings by 4.5%. While the average time on the market in January 2025 was 48 days, the median list price was $169,819.
From Rocket Homes Real Estate and based on county public records data.