3327 Nottingham Dr · Parma, OH 44134

$259,995

3 bd · 1.0 ba · 1,632 sqft · SingleFamily public records · 9 Days on market

Built 1963 8,999 sqft lot $159/sqft · at area comps Est $270k · at est.

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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 +10.4/30.0
• ARV discount +9.2/15.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• DSCR +3.0/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

Key facts

• Ceramic foyer
• Fenced yard
• Updated kitchen

Tags

• FENCED YARD
• REFINISHED HARDWOOD FLOORS
• PELLA WINDOWS
• CERAMIC FOYER
• UPDATED KITCHEN
• GRANITE COUNTER TOPS

Property features AI

Finance

• Financial info: Annual tax amount reported (2025)

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: 2 stories; Above-grade finished area 1,632
• Construction: Aluminum siding; Asphalt/fiberglass roof; Year built (source: appraiser)
• Exterior features: Lot approximately 0.2066 acres

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-139 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (9.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (23.0% below list).
• Recommended offer: $200k (23.0% 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); 121 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 40% 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 35% 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 $2k of loan paydown is wiped out by about $8k 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $200,223 (23.0% 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 1963 — 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: 0.77% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.29%
• DSCR: 0.90
• GRM: 10.8

CMA / ARV

• ARV (median comp): $270,079
• List price: $259,995
• Delta: -3.73%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3327 Nottingham Dr	0.00mi	3/1.0	1,632 (0%)	0mo	$275,000	$169	100
3061 Hilltop Dr	0.45mi	4/2.5 (+1)	1,632 (0%)	4mo	$303,000	$186	65
4314 Stary Dr	0.54mi	3/3.0	1,648 (+1%)	5mo	$334,900	$203	61
3195 Marda Dr	0.47mi	3/1.5	1,725 (+6%)	7mo	$260,000	$151	61
3803 Center Dr	0.71mi	3/1.0	1,560 (-4%)	0mo	$200,000	$128	59
7146 W Parkview Dr	0.45mi	4/2.0 (+1)	1,504 (-8%)	0mo	$155,000	$103	57
2838 Marda Dr	0.57mi	3/2.0	1,524 (-7%)	4mo	$220,000	$144	55
2115 Coventry Dr	0.74mi	3/2.5	1,524 (-7%)	1mo	$270,000	$177	48
3414 Klusner Ave	0.61mi	3/1.0	1,415 (-13%)	4mo	$264,000	$187	46
4402 S Stary Dr S	0.55mi	4/1.5 (+1)	1,874 (+15%)	6mo	$250,001	$133	37
3226 Stanfield Dr	0.67mi	4/2.0 (+1)	1,429 (-12%)	2mo	$210,000	$147	37
5216 Sassafras Dr	0.72mi	3/2.5	1,869 (+14%)	2mo	$244,000	$131	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: -14.9%
• Equity multiple: 0.44×
• Total profit: $-40,416
• Equity at exit: $38,766

10-year hold

• IRR: 0.2%
• Equity multiple: 1.02×
• Total profit: $1,504
• Equity at exit: $22,480

Cash invested: $72,799 (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: 121
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,002 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$249 /mo · $2,987/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $-139

Break-even live

Break-even rent $2,178

Max offer price $235,448

Occupancy floor —

Sensitivity live

Price	-10% $8	-5% $-65	+0% $-139	+5% $-213	+10% $-286
Rent	-10% $-297	-5% $-218	+0% $-139	+5% $-60	+10% $19
Rate	-1.0pp $-8	-0.5pp $-73	base $-139	+0.5pp $-206	+1.0pp $-275

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: $64,999
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7531 Biscayne Blvd Cleveland, OH	3.0	3.0	1476	$2,000	$1.36	3d	1	1.11mi
5080 Whispering Oaks BLVD Parma, OH	3.0	2.0	1332	$1,799	$1.35	13d	1	1.15mi
6924 Day Dr Cleveland, OH	3.0	2.0	2104	$2,200	$1.05	45d	1	1.20mi
4191 W Ridgewood Dr Unit 4193 Parma, OH	4.0	3.0	1800	$1,950	$1.08	45d	1	1.27mi
6841 Day Dr Cleveland, OH	1.0–3.0	1.0–1.5	862	$1,525	$1.77	3d	5	1.40mi

Listing history 14 events

1. 2026-05-14
   status Pending 1115-char remark
2. 2026-05-10
   price $259,995 1115-char remark
3. 2026-05-05
   status Active 1115-char remark
4. 2026-05-05
   price $339,995 1115-char remark
5. 2026-05-04
   price $299,995 1115-char remark
6. 2026-05-03
   listed $259,995 Active 1115-char remark
7. 2017-07-13
   status Pending 1043-char remark

   Show marketing remark (1043 chars)

   Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

8. 2017-07-13
   soldstatus $139,900 Sold 1043-char remark

   Show marketing remark (1043 chars)

   Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

9. 2017-07-13
   soldstatus $139,900

   Show marketing remark (1043 chars)

   Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

10. 2017-06-13
    historical Contingent 1043-char remark

    Show marketing remark (1043 chars)

    Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

11. 2017-06-01
    listed $147,900 Active 1043-char remark

    Show marketing remark (1043 chars)

    Updated Bi Level with many upgrades ! Large fenced yard * Recently refinished Hardwood floors * New Pella windows (2012) * All appliances remain * Gorgeous front door * Ceramic foyer * Spacious updated Kitchen with lovely granite counter tops, sink with cutting board, granite table to match counter tops, newer dishwasher, newer double wide fridge. , & a professional five burner dual fuel convection stove * Living Room has a large window for plenty of light, a gas FP with remote and wall of fossil stone to show off the fireplace * Dining Room has a slider to lead you to a 20 x 20 deck and a large fenced in backyard with a storage shed * Amazing updated Main Bath with 4 types of stone (flooring and wall), a jacuzzi tub, lighted shelving and a unique sink and fixture * Nice sized Bedrooms with hardwood floors * New roof (2017) * Newer furnace & HWT (2015) * Extra insulation in this home * Updated electrical * Spacious Family Room on the lower level with a Laundry area and another Full Bat

12. 1984-06-15
    soldstatus $60,000
13. 1980-12-02
    soldstatus $66,000
14. 1979-09-11
    soldstatus $63,900

ⓘ 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: $2,987 · $249/mo
• Projected year-2 tax: $3,522 · $293/mo
• Expected delta: +$534/yr (+$45/mo · 17.9%)

ⓘ 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: $24,027
• − Mortgage interest: −$14,564
• − Property taxes: −$2,987
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,922
• − Management: −$1,922
• − Depreciation: −$7,563
• Taxable loss: −$6,232
• Est. tax savings @ 24.0%: +$1,496
• After-tax cash flow: $-172/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

+330.4% since first listed

15 events — show timeline

• 2026-06-15 Sold (MLS) $275,000 MLSNOW
• 2026-05-14 Pending — MLSNOW
• 2026-05-10 Price Changed $259,995 MLSNOW
• 2026-05-05 Relisted — MLSNOW
• 2026-05-05 Price Changed $339,995 MLSNOW
• 2026-05-04 Price Changed $299,995 MLSNOW
• 2026-05-03 Listed $259,995 MLSNOW
• 2017-07-13 Pending — MLSNOW
• 2017-07-13 Sold (Public Records) $139,900 Public Records
• 2017-07-13 Sold (MLS) $139,900 MLSNOW
• 2017-06-13 Contingent — MLSNOW
• 2017-06-01 Listed $147,900 MLSNOW
• 1984-06-15 Sold (Public Records) $60,000 Public Records
• 1980-12-02 Sold (Public Records) $66,000 Public Records
• 1979-09-11 Sold (Public Records) $63,900 Public Records

Property tax history

-0.7%/yr

Latest (2025): $2,987 · -6.3% YoY. Source: county tax records.