Comparing Three Month 2016 & 2017 Home Sale Stats for Zip Code 44113

One of the areas in Cleveland not to suffer as much during the recession is Zip Code 44113. This encompasses homes in both Ohio City and Tremont. If you are not from here, these neighborhoods are the near west side, just west of Downtown Cleveland. These statistics cover single family homes.  These stats are derived from home sales listed with area brokers, meaning there is a record on our computer listing service, allowing me to provide stats.

Let’s start off with interesting findings: Most homes/town homes sold were built after the year 2000. Most of the sold homes had tax abatement – which covers new construction homes and older rehabbed homes – homes that were improved enough to qualify for City tax abatement.  Most interesting to me was that within the time frame I analyzed, 31 homes sold. ‘Sold’ means they filed at the court house and transferred ownership. That was 31 homes for each year during this three month period.

I chose May 16 2016 through August 16 2016 and then May 16 2017 through August 2017. Side by side comparisons. The questions I had: did more homes sell this year, did prices go up or down, and how long did homes  sit on the market, on average, prior to going under contract? Let’s find out.

2016: May 16th through August 16th

31 single family homes sold in 2016 Lowest sale price ($15,000) was same for two homes, one on Seymour Avenue in Ohio City and one on Orchard Park (near W. 41st) in Ohio City.  Highest sale price ($448,895) went to a Bergen Village town home in Tremont.  There were eight homes sold at $300k or more. Seven were in Tremont, one in Ohio City.

Average List price for these 31 homes was $226,857 and average sale price not too far off from that: $223,599. The average number of days on the market for these 31 homes was 97, or just over three months. Average Square foot sale price was $137.42.

2017: May 16th through August 16th

31 single family homes sold during this period in 2017. Lowest sale price was $28,000 for a home on W. 44th Street in Ohio City. Highest sale price of $725,000 was for a stately, beautifully renovated and remodeled home on Clinton Avenue in Ohio City. There were 18 homes sold for $300,000 or higher. 4 were in Ohio City and 14 in Tremont.

Average listing price for these 31 homes was $313,870 and the average sale price was $308,764. Similar to 2016 in that the listing and sale prices were not that far apart. The homes averaged being listed for sale for 87 days prior to going under contract. So just shy of three months.  Average sale price per square foot was $162.01 (compared to ’16 at about $137/per). The average square footage for both three month periods in these sold homes was approximately 1900.

Total sales prices for this 3 month period in 2016 was $6,931,584 and the total for 2017 was $9,571,681. So yes, sales prices went up between this year and last year.

 

 

 

Metroparks Towpath Tremont Entrance Is A Work of Art and History

I can’t remember exactly when this section of the Towpath opened. A month ago? I do know this past Thursday was my first chance to get there. Work was progressing in April when Steven Litt wrote about it.  The road winds past Sokolowski’s Inn and you find yourself at W 13th and University Road. The first thing you see is an expanse of iron bridges (the best thing about Cleveland, if you ask me, which you did not!). And when you peer over the edge, you see a beautiful array of native grasses and newer plants. The textures are wonderful. Walk down the path a bit till you get to the bridge underpass. The Cleveland Metroparks did a brilliant job. When I saw the sculptured design of walls of granite and brick my immediate thought was  how that truly represented Cleveland’s industrial history: Iron, granite quarrying and brick/masonry. Over the weekend I was hell bent on finding out about the design and who designed it, worked on it etc. Yes, I was that impressed. It turns out this industrial history is exactly what Metroparks designer Richard Kerber had in mind. The display walls, works of art, are literally enmeshed. Chicken wire style but a higher grade of metal is used. The photos give you an idea but it’s much more expansive and beautiful in person. You can do the Flats/Downtown/Tremont trail yourself. About 1.2 miles.

They’ve been planning and then working on this since 2014. The Ohio Department of Transportation (ODOT) did a beautiful job with the construction. The other actors in this besides ODOT and Metroparks: Cuyahoga County and Canal Way PartnersBrowse their site and learn about the next (and maybe final?) stage of the Towpath completion. I can’t tell if ‘already completed 85 miles’ was before the 1.2 mile section was done, but close enough either way.  When totally done, it’s to be 110 miles.

I’m often complaining about the slowness or ineptness or lack of transparency regarding local bureaucracy and government and that won’t change. But The Cleveland Metroparks? I keep having reason to say to anyone who will listen, The Metroparks should just run everything around here. Kudos!

Are you out of state and planning a visit? A job induced move here? Are you a biker or hiker? Besides the above Towpath, This area has been known for the park system we call The Emerald Necklace. I don’t know when this site was last updated. It claims 61 continuous miles of biking. One of the longest routes in the state of Ohio. Ohio Bikeways website gives you some great information about biking, The Emerald Necklace included.

 

 

 

Historic Tremont Community and One of Her Painted Ladies

I toured a home on W. 14th Street and she was pretty spectacular! Maybe you remember the TV show Route 66? Apparently Robert Redford was here, at this house, filming an episode of the show. This was in 1961. This particular Painted Lady was here long before that, built by an attorney  around 1892.  Tremont is home to many grand old homes.  Industrialists & other professionals  were drawn to it’s location and decided to call it home. Probably true in other cities as well but in the Tremont neighborhood of Cleveland during that time, W. 14th housed all the company owners and many of the side streets housed the workers. It’s one of those neighborhoods where you can steep yourself in history, enjoy Lincoln Park (the heart of Tremont with a pool, farmers markets and many other festivals and art shows) or enjoy one of the eateries in the area.

This home has a boatload of historic amenities which I won’t go into on this post. Enough beautiful woodwork to line the walls of 3 small homes, pocket doors, leaded and stained glass, a modern but what I call an appropriately eclectic remodeled kitchen for a house of this age and style.  You can read all the listing details here. Be sure to check out that link because listing agent John has amazing photos, wait till you see the interior.  What stood out for me: the iron work. One example in (a first for me) a curved radiator (bottom left photo).  A bronze baluster light (unique to say the least!) plus intricate  iron work inside one of the many fireplaces (upper left photo).  Sometimes newly built homes can seem a bit cookie cutter, right? In older homes all over Cleveland it’s rare to see the same iron work or beveled glass or stained glass patterns twice.

The iron industry, as you can imagine, was a big deal in NE Ohio. Cleveland Iron Mining Company was around during the time this house, and many others like it, were built. Decorative iron works are one of the joys of these Victorian homes.

Maybe you are planning a move to start a job?  Tremont is about 3 minutes from Downtown Cleveland, 10 minutes to University Circle/Case Western Reserve/Cleveland Clinic. It’s about a 15 minute trip on the Rapid Transit or car to Hopkins Airport. Here is a link with more cool history about the area.  Civil War buff? Read about the Tremont Camp. And for a more up to date look at Tremont on the Web,  Tremont West Development Corporation’s site is a good way to get a feel for it. It’s a beautiful place in the City!

One last amazing fact about this W. 14th Painted Lady. Built over 120 years ago and only four owners !