Needy As-Is Lakewood Century Home For Under $40,000

The home features a deep lot and 1,572 square feet, but needs updates and cosmetic repairs.

Built in 1897, this home at 1584 Newman Ave. in Lakewood is listed at $39,000 and has been on the market for about 130 days. 

Featuring 3 bedrooms and one bathroom in 1,572 square feet, the home is being sold as is and needs updates and cosmetic repairs. 

For more details on this home, check out its listing on AOL Real Estate or call Jeffrey Curtis of Howard Hanna Real Estate at 216-221-6585. 

Paul Grimm February 19, 2013 at 11:01 AM
Looking good, Lakewood! smh
Brandon Scullion February 19, 2013 at 01:16 PM
I don't get this post. Why are you shaking your head? Are you disappointed in Lakewood for having a house in such condition? It's not very clear where you are going with this.
Paul Grimm February 19, 2013 at 02:43 PM
the place is a dump - does not reflect well on Lakewood. why would they showcase it?
Barbara February 19, 2013 at 02:46 PM
Houses don't fall into disrepair and look this bad without owner neglect and occupant slovenliness. Everything about this house says no one cares, and any work that was done is cheap and shoddy workmanship.
DLSJR February 19, 2013 at 06:18 PM
I don't see you point, I grew up in Bay Village and there are homes currently on the market for 40,000. One could have a good deal here if you go by the pictures, and willing to get dirty. You may have missed the original wood moldings in the dining rm, and original kit cabinets. I know it was hard to look past the fake wood floors, 70's charm, and current paint schemes. As a property investor/personal experience (blindly based on pixs) one could make a good profit as long as the foundation is solid.
Barbara February 19, 2013 at 06:59 PM
DLSJR: a few remaining original details do not make up for the awful condition and bad location. When owners opt to go cheap and eschew the norms for an area, eg a shed instead of a garage, any smart investor would be smart to do a very comprehensive inspection, b/c there are going to be significant problems. I agree completely with Paul Grimm
DLSJR February 20, 2013 at 03:32 AM
I did state that I only based my opinion off of the pictures that I saw. You would be a fool not to have any place inspected. I have renovated two 1,200 sq ft apartments (in lakewood) that hoarders lived in for 15+ years. I have seen awful conditions, and these picture are not that bad. I have also seen how one improved property on a street inspires other owners/tenants to do the same. If you have a neighbor that looks to be struggling with their property, then help them. Another neighbor and i take turns taking care of our elderly neighbor's yard. Complain to the city if you have slumlords in your neighborhood, That is how I found out the city has a 6 inch tall grass rule.
Tim February 20, 2013 at 02:39 PM
Thanks DLSJR for taking the positive. pro-active approach to this home and Lakewood (and to the properties you renovated). From the pictures this home looks like a great opportuniuty for someone to get an affordable home and actually do some of the work themselves for added value over time as they make it into a home, not just a pretty, fully renovated home they just buy and occupy.


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