1815 Grantwood Dr · Parma, OH 44134

$199,069

2 bd · 1.0 ba · 1,060 sqft · SingleFamily public records · 11 Days on market

Built 1952 0.91 ac lot Est $214k · 7% under

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Why this score? — see what drove the D 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 +10.8/30.0
• ARV discount +10.7/15.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• 1% rule +3.7/10.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

Key facts

• Huge back patio
• Huge basement
• Tree lined yard

Tags

• HUGE BACK PATIO
• TREE LINED YARD
• TWO FIREPLACES
• HUGE BASEMENT
• AMISH BUILT STORAGE SHEDS

Property features AI

Finance

• Financial info: Pets allowed

Exterior

• Parking: Driveway; Attached or detached garage not specified, 1-car garage
• Utilities: Public water; Public sewer; Central air conditioning; Forced air gas heating
• Home design: Single-story home; Brick construction; Asphalt shingle roof; Owner-provided year built
• Construction: Brick exterior; Asphalt shingle roof
• Exterior features: Courtyard; Permeable paving; Private yard; Outdoor storage; Back yard; Flat, level and landscaped lot; Native plants and many trees; Open, rectangular and private lot; Near golf course; Near public transit

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: Two main-level bedrooms; Additional living suite on the main level
• Bathrooms: One full bathroom (main level)
• Interior features: Built-in features; Ceiling fan(s); His and hers closets; Multiple closets; Open floorplan; Natural woodwork; Full basement, partially finished; Two fireplaces
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $-92 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $183k (8.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (13.0% below list).
• Recommended offer: $173k (13.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#84 in OH, #1,232 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: employment C-, commute F.
• Parma City (suburban): math 43% / reading 52% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+10.6%/yr); 118 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 30% of the median local income ($69k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Cuyahoga County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 20y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $173,105 (13.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.87% ✗
• Cap rate: 5.74%
• Cash-on-cash: -1.97%
• DSCR: 0.91
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $214,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6180 Jamestown Dr	0.12mi	3/2.0 (+1)	1,082 (+2%)	1mo	$299,000	$276	81
2821 Wales Ave	0.53mi	3/2.0 (+1)	1,064 (+0%)	0mo	$260,000	$244	65
2810 Grantwood Dr	0.51mi	3/1.0 (+1)	1,100 (+4%)	3mo	$185,000	$168	62
1403 Dawnwood	0.53mi	3/2.0 (+1)	1,075 (+1%)	4mo	$205,000	$191	61
3015 Parklane Dr	0.68mi	3/1.0 (+1)	1,087 (+2%)	4mo	$199,500	$184	56
2929 Commonwealth Dr	0.70mi	3/2.0 (+1)	1,092 (+3%)	1mo	$225,000	$206	53
3255 Woodlawn Dr	0.73mi	3/1.0 (+1)	1,102 (+4%)	3mo	$223,000	$202	52
912 Dawnwood Dr	0.64mi	3/1.0 (+1)	1,180 (+11%)	0mo	$190,000	$161	46
3023 Norris Ave	0.67mi	3/2.0 (+1)	1,148 (+8%)	1mo	$230,000	$200	46
3103 Norris Ave	0.67mi	3/2.0 (+1)	1,148 (+8%)	2mo	$231,100	$201	44
36 E Dartmoor Ave	0.59mi	3/2.5 (+1)	1,170 (+10%)	0mo	$300,000	$256	44
650 E Dartmoor Ave	0.74mi	3/2.0 (+1)	1,170 (+10%)	5mo	$295,000	$252	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.48×
• Total profit: $-28,873
• Equity at exit: $29,682

10-year hold

• IRR: 1.9%
• Equity multiple: 1.17×
• Total profit: $9,290
• Equity at exit: $17,212

Cash invested: $55,739 (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 44134

• Rents YoY: 10.6%
• Active inventory: 118
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$332 /mo · $3,988/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $-92

Break-even live

Break-even rent $1,847

Max offer price $182,870

Occupancy floor —

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: $49,767
• Closing costs: $5,972
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6188 Cabrini Ln Seven Hills, OH	3.0	2.0	1271	$2,095	$1.65	1d	1	0.58mi
2907 Snow Rd Unit up Parma, OH	3.0	1.0	1026	$1,700	$1.66	43d	1	0.83mi
2611 Brookdale Ave Cleveland, OH	3.0	1.0	1092	$1,825	$1.67	43d	1	1.19mi
2910 Fortune Ave Cleveland, OH	2.0	1.0	744	$1,775	$2.39	23d	1	1.22mi
3027 Fortune Ave Unit 1 Parma, OH	2.0	1.0	880	$1,175	$1.34	43d	1	1.23mi
3027 Fortune Ave Unit 2 Parma, OH	2.0	1.0	726	$1,150	$1.58	43d	1	1.23mi
3330 Fortune Ave Cleveland, OH	3.0	1.5	1258	$1,775	$1.41	43d	1	1.32mi
3415 Center Dr Cleveland, OH	3.0	1.0	1048	$1,995	$1.90	1d	1	1.47mi

Listing history 21 events

1. 2026-06-08
   statusdays on market $199,069 Pending 11 DOM
2. 2026-06-08
   price $199,069 Active 10 DOM
3. 2026-06-07
   days on market $219,571 Active 10 DOM
4. 2026-06-05
   days on market $219,571 Active 7 DOM
5. 2026-06-03
   days on market $219,571 Active 6 DOM
6. 2026-06-02
   pricedays on market $219,571 Active 5 DOM
7. 2026-06-01
   days on market $223,571 Active 4 DOM
8. 2026-05-31
   remarks 699-char remark
9. 2026-05-31
   days on market $223,571 Active 3 DOM
10. 2026-05-28
    listed $223,571 Active
11. 2024-06-21
    soldstatus $190,000
12. 2024-06-20
    soldstatus $190,000 Closed 1261-char remark

    Show marketing remark (1261 chars)

    Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

13. 2024-06-11
    status Pending 1261-char remark

    Show marketing remark (1261 chars)

    Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

14. 2024-06-07
    price $199,900 1261-char remark

    Show marketing remark (1261 chars)

    Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

15. 2024-06-01
    price $205,000 1261-char remark

    Show marketing remark (1261 chars)

    Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

16. 2024-05-17
    listed $210,000 Active 1261-char remark

    Show marketing remark (1261 chars)

    Welcome to 1815 Grantwood Drive! This charming home is set on a sprawling property, thoughtfully transformed from its humble beginnings into a delightful and inviting living space. Featuring 1.5 well-appointed bathrooms, it offers both convenience and comfort. The spacious living areas are perfect for both relaxation and entertaining, with plenty of natural light streaming through. Step outside to discover a peaceful backyard oasis, where you can unwind and enjoy the tranquility of nature. Whether it's a morning coffee on the patio, an afternoon of gardening, or an evening barbecue with friends on the patio, this outdoor space caters to all your relaxation and recreational needs. Additionally, the property boasts extra storage space, ensuring you have plenty of room to keep your belongings organized and accessible. From seasonal items to hobby equipment, you'll find ample space to store it all. Situated in a friendly and vibrant neighborhood, 1815 Grantwood Drive is conveniently located near schools, parks, shopping centers, and dining options, making it an ideal place to call home. This residence is truly a hidden gem, combining modern comforts with a serene and picturesque environment. Don't miss the opportunity to make this your new home!

17. 2006-11-22
    soldstatus $128,260 155-char remark

    Show marketing remark (155 chars)

    2 Bd Rm Brick Ranch * 1 Car Attached Garage * Newer Furnace * A/C * Natural Woodwork * Large Lot 68 X 582. Almost An Acre Of Park Like Setting. A Rare Find

18. 2006-11-20
    soldstatus $128,260
19. 2006-11-13
    historical 155-char remark

    Show marketing remark (155 chars)

    2 Bd Rm Brick Ranch * 1 Car Attached Garage * Newer Furnace * A/C * Natural Woodwork * Large Lot 68 X 582. Almost An Acre Of Park Like Setting. A Rare Find

20. 2006-06-13
    listed $134,900 155-char remark

    Show marketing remark (155 chars)

    2 Bd Rm Brick Ranch * 1 Car Attached Garage * Newer Furnace * A/C * Natural Woodwork * Large Lot 68 X 582. Almost An Acre Of Park Like Setting. A Rare Find

21. 1972-06-01
    soldstatus $33,150

ⓘ 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: $3,988 · $332/mo
• Projected year-2 tax: $3,988 · $332/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,773
• − Mortgage interest: −$11,151
• − Property taxes: −$3,988
• − Insurance: −$995
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$5,791
• Taxable loss: −$4,477
• Est. tax savings @ 24.0%: +$1,074
• After-tax cash flow: $-26/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: Parma City
• NCES district ID: 3904463
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 52% ▼ -10.00%
• Median HH income: $50,371
• Composite: 40.72/100
• National rank: #3662
• State rank: #469 of 656 in OH

Livability — Parma

• Score: 82/100
• State rank: #84
• US rank: #1232

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parma, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 66,574
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 37,774
• Household income: $68,625
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 668.0

Population outlook (Cuyahoga County) Hauer SSP2

• Today (2025): 1,244,621 people
• By 2030: 1,230,093 · -1.2%
• By 2040: 1,189,108 · -4.5%
• By 2050: 1,145,706 · -7.9%
• By 2075: 1,076,557 · -13.5%
• By 2100: 978,987 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Black 3% Asian 3%
• Common ancestry: Romanian 14% Subsaharan African 6% Slovak 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 84% English-only · Russian/Polish/Slavic 7% Spanish 3% Other Indo-European 2%

Political lean MEDSL · Cuyahoga

• 2024 margin: Solid D (+31.5) · D 65.4% · R 33.9%
• 2008→2024 swing: -7.4pp toward R · 2008: 38.9pp · 2024: 31.5pp
• All cycles: 2024: D+31.5 2020: D+34.1 2016: D+35.0 2012: D+38.7 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -215.17%
• Current HPI: 184.0553
• Rent YoY: ▲ 10.56%
• 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

+574.4% since first listed

12 events — show timeline

• 2026-05-28 Listed $223,571 MLSNOW
• 2024-06-21 Sold (Public Records) $190,000 Public Records
• 2024-06-20 Sold (MLS) $190,000 MLSNOW
• 2024-06-11 Pending — MLSNOW
• 2024-06-07 Price Changed $199,900 MLSNOW
• 2024-06-01 Price Changed $205,000 MLSNOW
• 2024-05-17 Listed $210,000 MLSNOW
• 2006-11-22 Sold (MLS) $128,260 MLSNOW
• 2006-11-20 Sold (Public Records) $128,260 Public Records
• 2006-11-13 Listing Removed — MLSNOW
• 2006-06-13 Listed $134,900 MLSNOW
• 1972-06-01 Sold (Public Records) $33,150 Public Records

Property tax history

+1.8%/yr

Latest (2025): $3,988 · -5.8% YoY. Source: county tax records.