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3616 Newark Ave, Cleveland, OH, 44109

2beds
1baths
1,920sqft
$119,000
$62price/sqft
$1,088/moest. monthly cost
$43,520/yrincome needed

About This Home

Impeccably Maintained Three-Bedroom Colonial in Cleveland – Ideal for Investors!Presenting a wonderful opportunity to own a meticulously maintained three-bedroom colonial home, perfectly nestled in a desirable Cleveland neighborhood. This property is conveniently located near shopping centers and major freeways, making it an ideal investment for those looking to capitalize on a fantastic rental market or create a family haven. As you enter this charming colonial, you’ll immediately appreciate the care and attention to detail that has gone into maintaining this home. The spacious living area welcomes you with abundant natural light, showcasing the beautiful hardwood floors and inviting atmosphere. The open layout seamlessly connects the living room to the dining area, perfect for entertaining friends and family. The kitchen is both functional and inviting, featuring ample cabinetry and counter space, ready for your culinary creativity. Each of the three bedrooms offers generous space and comfort, making it easy to create personal retreats for family or tenants. One of the standout features of this property is the impeccable maintenance it has received over the years, ensuring a worry-free experience for new owners. Additionally, a one-year home warranty is offered, providing peace of mind and added security for your investment. The backyard presents a lovely outdoor space, perfect for relaxation, gardening, or entertaining. Imagine enjoying summer evenings in your own private oasis. With its prime location near convenient shopping and easy access to freeways, this home is perfectly positioned to attract quality tenants or serve as a cozy family residence. Don’t miss this fantastic opportunity to invest in a well-maintained property with great potential! Schedule your showing today and take the first step toward owning this charming Cleveland colonial.

Getting Around

87
WalkingVery Walkable
42
TransitSome Transit
59
BikeBikeable

Schools

4/10
Walton SchoolGrades PK-80.3 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Asphalt
  • Construction materials: Concrete,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 960
  • Finished area above ground: 960

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,920
  • Total interior livable area: 1,920 sqft

Property

Details

  • Parcel number: 00730108
  • Special condition: Standard

Features

  • Levels: Two,One
  • Stories: 1

Lot

  • Lot size: 4,726 sqft

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $601$7,212
Home Insurance *$95$1,140
Property Taxes $187$2,244
Electricity $205$2,471
Total$1,088$13,056
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,302/yr
40% on housing$32,640/yr
45% on housing$29,013/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$62This listing

vs Other Active Listings

Avg $/sqft

ZIP 44109$93
Cuyahoga County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 44109$119
Cuyahoga County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-08-08Listed for sale$119,000
2025-06-12Listing removed$80,000
2025-05-22Listed for sale$80,000
2024-12-09Listing removed$84,900
2024-12-03Listed for sale$84,900
2024-08-09Listing removed--
2024-05-17Price change$119,900
2024-03-05Listed for sale$120,000
2023-05-15Sold$20,000

For Sale by Agent

AgentDaniela Maragos
BrokerageKeller Williams Elevate

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