191 Norman Ave · Avon Lake, OH 44012

$242,000

3 bd · 1.0 ba · 1,126 sqft · SingleFamily public records · 233 Days on market

Built 1920 4,791 sqft lot $215/sqft · 6% above area Est $229k · 6% over

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Schools +7.0/10.0
• ARV discount +5.0/15.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

Key facts

• Open living room
• Beautiful kitchen
• Conveniently located

Tags

• BEAUTIFUL KITCHEN
• OPEN LIVING ROOM
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $242k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $242k).
• Recommended offer: $213k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 3.2% in Avon Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#52 in OH, #736 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: commute F.
• Avon Lake City (suburban): math 78% / reading 80% proficiency, ranked #48 of 656 in OH (top 7%) — strong family-tenant draw, lease renewals of 3-5y typical; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: 178 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 35% of the median local income ($116k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $68k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $48k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $242k implies a 169% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $212,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 11.86%
• Cash-on-cash: 19.88%
• DSCR: 1.88
• GRM: 6.0

CMA / ARV

• ARV (median comp): $229,279
• List price: $242,000
• Delta: 5.55%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
182 Norman Ave	0.05mi	3/2.0	1,083 (-4%)	0mo	$190,000	$175	87
196 S Point Dr	0.35mi	3/1.0	1,100 (-2%)	0mo	$215,000	$195	80
239 Lear Rd	0.12mi	3/2.0	1,100 (-2%)	15mo	$245,000	$223	74
187 Lakewood Dr	0.13mi	3/1.0	1,056 (-6%)	13mo	$247,000	$234	73
110 Oakwood Dr	0.40mi	3/2.0	1,100 (-2%)	7mo	$277,500	$252	68
156 Norman Ave	0.14mi	3/1.5	1,280 (+14%)	10mo	$194,000	$152	60
107 Forest Blvd	0.41mi	3/2.0	1,101 (-2%)	19mo	$280,000	$254	57
128 Oakwood Dr	0.33mi	4/2.0 (+1)	999 (-11%)	2mo	$280,000	$280	55
170 Beck Rd	0.68mi	3/1.0	1,240 (+10%)	10mo	$253,000	$204	43
286 Jaycox Rd	0.56mi	4/2.0 (+1)	1,250 (+11%)	9mo	$306,000	$245	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.48×
• Total profit: $32,259
• Equity at exit: $36,083

10-year hold

• IRR: 20.9%
• Equity multiple: 2.77×
• Total profit: $120,043
• Equity at exit: $20,924

Cash invested: $67,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44012

• Active inventory: 178
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,374 medium
• Mortgage (P&I): −$1,269
• Tax from tax record: −$173 /mo · $2,071/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $1,123

Break-even live

Break-even rent $1,953

Max offer price $242,000

Occupancy floor 62%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $60,500
• Closing costs: $7,260
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
173 Forest Blvd Avon Lake, OH	3.0	2.0	1214	$2,199	$1.81	2d	1	0.23mi
145 Beck Rd Avon Lake, OH	4.0	1.0	1332	$2,250	$1.69	44d	1	0.76mi
32414 Lake Rd Unit 1496053P Avon Lake, OH	4.0	3.0	850	$16,357	$19.24	21d	1	1.23mi

Listing history 27 events

1. 2026-06-18
   days on market $242,000 Active 233 DOM
2. 2026-06-17
   days on market $242,000 Active 232 DOM
3. 2026-06-16
   days on market $242,000 Active 231 DOM
4. 2026-06-15
   days on market $242,000 Active 230 DOM
5. 2026-06-13
   days on market $242,000 Active 228 DOM
6. 2026-06-13
   days on market $242,000 Active 227 DOM
7. 2026-06-09
   days on market $242,000 Active 224 DOM
8. 2026-06-08
   days on market $242,000 Active 223 DOM
9. 2026-06-07
   days on market $242,000 Active 222 DOM
10. 2026-06-05
    pricedays on market $242,000 Active 219 DOM
11. 2026-06-03
    days on market $244,500 Active 218 DOM
12. 2026-06-02
    days on market $244,500 Active 217 DOM
13. 2026-06-01
    days on market $244,500 Active 216 DOM
14. 2026-05-31
    days on market $244,500 Active 215 DOM
15. 2026-05-06
    price $244,500 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

16. 2026-04-21
    price $245,900 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

17. 2026-04-07
    price $255,900 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

18. 2026-03-02
    price $259,900 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

19. 2026-03-02
    status Active 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

20. 2025-12-04
    price $264,900 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

21. 2025-11-05
    price $279,000 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

22. 2025-10-09
    price $284,900 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

23. 2025-09-09
    listed $289,900 Active 833-char remark

    Show marketing remark (833 chars)

    Affordable & stylish, this bright white modern home with bold black accents sits on a quiet road in desirable Avon Lake. Inside, you’ll find 3 comfortable bedrooms plus an open loft upstairs that easily flexes as a fourth bedroom, office, or entertainment room. The first-floor primary master suite includes a full bath with a tub-shower combo and patio doors that open to the backyard. A second full bath also features a tub-shower combo, and the first-floor laundry adds everyday convenience. The beautiful kitchen showcases white cabinetry, warm butcher block countertops, and stainless steel appliances, flowing into an open living room with plenty of space for a formal dining area—perfect for gatherings and everyday living. Don't miss out on this charming cottage conveniently located close to all amenities.

24. 2024-03-22
    soldstatus $90,000 Closed 368-char remark

    Show marketing remark (368 chars)

    Calling all investors, remodelers and flippers! Come make this great investment property your own or tear down and build new! This also includes the adjacent parcel/vacant land next door. So much potential in a wonderful location close to award winning schools, great shopping, Lake Erie and more! This is a complete reno job and is being sold as is. CASH BUYERS ONLY.

25. 2024-03-15
    soldstatus $90,000
26. 2023-10-02
    status Pending 368-char remark

    Show marketing remark (368 chars)

    Calling all investors, remodelers and flippers! Come make this great investment property your own or tear down and build new! This also includes the adjacent parcel/vacant land next door. So much potential in a wonderful location close to award winning schools, great shopping, Lake Erie and more! This is a complete reno job and is being sold as is. CASH BUYERS ONLY.

27. 2023-09-29
    listed $99,900 Active 368-char remark

    Show marketing remark (368 chars)

    Calling all investors, remodelers and flippers! Come make this great investment property your own or tear down and build new! This also includes the adjacent parcel/vacant land next door. So much potential in a wonderful location close to award winning schools, great shopping, Lake Erie and more! This is a complete reno job and is being sold as is. CASH BUYERS ONLY.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,071 · $173/mo
• Projected year-2 tax: $2,923 · $244/mo
• Expected delta: +$852/yr (+$71/mo · 41.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,483
• − Mortgage interest: −$13,556
• − Property taxes: −$2,071
• − Insurance: −$1,210
• − Repairs & maintenance: −$3,239
• − Management: −$3,239
• − Depreciation: −$7,040
• Taxable income: $10,129
• Est. tax owed @ 24.0%: −$2,431
• After-tax cash flow: $11,041/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Avon Lake City
• NCES district ID: 3904812
• Math proficiency: 78% ▼ -10.00%
• Reading proficiency: 80% ▼ -6.00%
• Median HH income: $79,608
• Composite: 69.66/100
• National rank: #296
• State rank: #48 of 656 in OH

Livability — Avon Lake

• Score: 84/100
• State rank: #52
• US rank: #736

Category grades

Amenities B- Commute F Cost of living B+ Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Avon Lake, OH
• County: Lorain County · 219,437 people
• City population: 25,752
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 25,752
• Household income: $115,567
• Rent vs Own: 16.9% rent · 83.1% own
• Severe rent burden: 290.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Asian 2% Black 1%
• Common ancestry: Romanian 8% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.16%
• Current HPI: 207.1177
• Rent YoY: —
• Metro: Cleveland-Elyria, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+144.7% since first listed

13 events — show timeline

• 2026-05-06 Price Changed $244,500 MLSNOW
• 2026-04-21 Price Changed $245,900 MLSNOW
• 2026-04-07 Price Changed $255,900 MLSNOW
• 2026-03-02 Price Changed $259,900 MLSNOW
• 2026-03-02 Relisted — MLSNOW
• 2025-12-04 Price Changed $264,900 MLSNOW
• 2025-11-05 Price Changed $279,000 MLSNOW
• 2025-10-09 Price Changed $284,900 MLSNOW
• 2025-09-09 Listed $289,900 MLSNOW
• 2024-03-22 Sold (MLS) $90,000 MLSNOW
• 2024-03-15 Sold (Public Records) $90,000 Public Records
• 2023-10-02 Pending — MLSNOW
• 2023-09-29 Listed $99,900 MLSNOW

Property tax history

+5.2%/yr

Latest (2025): $2,071 · +12.3% YoY. Source: county tax records.