1411 Bridge St · Ashtabula, OH 44004

$309,000

2 bd · 2.5 ba · 1,494 sqft · Townhouse public records · 37 Days on market

Built 2018 3,179 sqft lot $60/mo HOA · 2% of rent

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Why this score? — see what drove the C 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 +23.9/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful three-bedroom, 2.5-bath brick city home located in the heart of the harbor on Historic Bridge Street. Ideally situated within walking distance of great restaurants, breweries, gift shops, Lake Erie, and Walnut Beach. Enter through the lower level, where you'll find an office/family room area. Entertaining on the second story is a breeze with the open floor plan, vaulted ceilings, fireplace, and an entrance door leading to the raised 10' x 18' back deck. The third level features two nicely appointed bedrooms and two baths. Charmingly built with brick accent walls, barn doors, premium molding, and high-end appliances, this home exudes elegance and comfort, combining modern appeal with old-world charm. The HOA fee is only $50 a month, covering landscaping and snow removal. Additionally, there is a tax abatement in place until 2028. You will love this unique property.

Key facts

• Private bedroom
• Brick accent wall
• Natural light

Tags

• PRIVATE BEDROOM
• COVERED PATIO
• OPEN-CONCEPT LAYOUT
• HIGH CEILINGS
• NATURAL LIGHT
• BRICK ACCENT WALL

Property features AI

Finance

• HOA & community: Member of Historic Harbor Living homeowners association; HOA dues $60 per month covering grounds maintenance and snow removal

Exterior

• Parking: Attached garage (1 car)
• Security: Security system; Smoke detectors; Carbon monoxide detector(s)
• Utilities: Public water; Public sewer
• Home design: Attached property; Two stories; Has a view
• Construction: Brick construction; Metal roof; Brick/mortar foundation; Built according to public records
• Exterior features: Covered patio and balcony; Balcony with view

Interior

• Kitchen: Kitchen island; Granite countertops; XL pantry and plenty of cupboard space; Brick accent wall and statement lighting; Whirlpool stainless steel appliances
• Bedrooms: Master bedroom with large closets, great view, and private master bathroom (Third level); Bedroom with extra large closet and access to ground-floor patio — could also function as an office, den, or family room (First level); Cozy bedroom with large closets and direct full-bath access, with a view of Bridge St. (Third level)
• Bathrooms: Two full bathrooms; One half bathroom; Full baths include tubs/showers, walk-in shower options, and attractive vanities/fixtures; Half bath features a brick accent wall
• Heating & cooling: Central air conditioning; Forced-air gas heating; Gas fireplace(s) providing supplemental heat
• Interior features: Built-in features and pantry; Open floor plan with high and cathedral/vaulted ceilings; Recessed lighting; Ceiling fans; Entrance foyer; Eat-in kitchen; Window treatments; Walk-in closet(s)
• Laundry & utility: Full-size stack front-load washer and dryer (Third level); Upper-level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath townhouse listed at $309k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $309k).
• Recommended offer: $300k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#420 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools C-, amenities F, commute F.
• Ashtabula Area City (town): math 24% / reading 35% proficiency, ranked #588 of 656 in OH (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 162 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• At $3,537/mo this rent would consume 86% of the median local household income ($50k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Ashtabula County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($300k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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.
• Current owner paid $268k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $299,730 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.31%
• DSCR: 1.37
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-16,032
• Equity at exit: $46,073

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $30,235
• Equity at exit: $26,717

Cash invested: $86,520 (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 44004

• Home prices YoY: -30.5%
• Active inventory: 162
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $3,537 medium
• Mortgage (P&I): −$1,620
• Tax est. 1.5%: −$386 /mo · $4,635/yr
• Insurance: −$129
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$60
• Vacancy / Maint / Mgmt: −$743
• Net cashflow: $532

Break-even live

Break-even rent $2,863

Max offer price $309,000

Occupancy floor 80%

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: $77,250
• Closing costs: $9,270
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1115 Myrtle Ave Ashtabula, OH	3.0	1.5	1184	$1,600	$1.35	43d	1	0.79mi
1036 Union Ave Unit 1496086P Ashtabula, OH	3.0	1.0	1496	$5,341	$3.57	43d	1	0.92mi

HOA detail

• Monthly dues: $60 · $720/yr
• Likely covers: landscapingsnow removal

Listing history 21 events

1. 2026-06-07
   statusdays on market $309,000 Pending 37 DOM
2. 2026-06-04
   days on market $309,000 Contingent 35 DOM
3. 2026-06-02
   days on market $309,000 Contingent 34 DOM
4. 2026-06-01
   days on market $309,000 Contingent 33 DOM
5. 2026-05-31
   days on market $309,000 Contingent 32 DOM
6. 2026-05-01
   historical Contingent
7. 2026-04-28
   listed $309,000 Active
8. 2024-12-23
   soldstatus $268,000
9. 2024-12-20
   soldstatus $268,000 Closed 886-char remark

   Show marketing remark (886 chars)

   Beautiful three-bedroom, 2.5-bath brick city home located in the heart of the harbor on Historic Bridge Street. Ideally situated within walking distance of great restaurants, breweries, gift shops, Lake Erie, and Walnut Beach. Enter through the lower level, where you'll find an office/family room area. Entertaining on the second story is a breeze with the open floor plan, vaulted ceilings, fireplace, and an entrance door leading to the raised 10' x 18' back deck. The third level features two nicely appointed bedrooms and two baths. Charmingly built with brick accent walls, barn doors, premium molding, and high-end appliances, this home exudes elegance and comfort, combining modern appeal with old-world charm. The HOA fee is only $50 a month, covering landscaping and snow removal. Additionally, there is a tax abatement in place until 2028. You will love this unique property.

10. 2024-12-05
    status Pending 886-char remark

    Show marketing remark (886 chars)

    Beautiful three-bedroom, 2.5-bath brick city home located in the heart of the harbor on Historic Bridge Street. Ideally situated within walking distance of great restaurants, breweries, gift shops, Lake Erie, and Walnut Beach. Enter through the lower level, where you'll find an office/family room area. Entertaining on the second story is a breeze with the open floor plan, vaulted ceilings, fireplace, and an entrance door leading to the raised 10' x 18' back deck. The third level features two nicely appointed bedrooms and two baths. Charmingly built with brick accent walls, barn doors, premium molding, and high-end appliances, this home exudes elegance and comfort, combining modern appeal with old-world charm. The HOA fee is only $50 a month, covering landscaping and snow removal. Additionally, there is a tax abatement in place until 2028. You will love this unique property.

11. 2024-11-01
    listed $275,000 Active 886-char remark

    Show marketing remark (886 chars)

    Beautiful three-bedroom, 2.5-bath brick city home located in the heart of the harbor on Historic Bridge Street. Ideally situated within walking distance of great restaurants, breweries, gift shops, Lake Erie, and Walnut Beach. Enter through the lower level, where you'll find an office/family room area. Entertaining on the second story is a breeze with the open floor plan, vaulted ceilings, fireplace, and an entrance door leading to the raised 10' x 18' back deck. The third level features two nicely appointed bedrooms and two baths. Charmingly built with brick accent walls, barn doors, premium molding, and high-end appliances, this home exudes elegance and comfort, combining modern appeal with old-world charm. The HOA fee is only $50 a month, covering landscaping and snow removal. Additionally, there is a tax abatement in place until 2028. You will love this unique property.

12. 2024-10-31
    historical
13. 2024-10-01
    price $279,900
14. 2024-08-12
    price $289,900
15. 2024-08-02
    listed $299,900 Active
16. 2024-08-01
    historical
17. 2024-07-27
    price $299,900
18. 2024-06-20
    listed $329,900 Active
19. 2021-08-26
    soldstatus $222,500
20. 2019-06-06
    historical
21. 2019-03-26
    listed $187,500 Active

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,445
• − Mortgage interest: −$17,309
• − Property taxes: −$4,635
• − Insurance: −$2,342
• − Repairs & maintenance: −$3,396
• − Management: −$3,396
• − HOA: −$720
• − Depreciation: −$8,989
• Taxable income: $1,658
• Est. tax owed @ 24.0%: −$398
• After-tax cash flow: $5,991/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: Ashtabula Area City
• NCES district ID: 3904351
• Math proficiency: 24% ▼ -27.00%
• Reading proficiency: 35% ▼ -13.00%
• Median HH income: $34,812
• Composite: 24.3/100
• National rank: #7712
• State rank: #588 of 656 in OH

Livability — Ashtabula

• Score: 71/100
• State rank: #420
• US rank: #6883

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ashtabula, OH
• County: Ashtabula · 97,617 people
• City population: 31,076
• Metro: Cleveland, OH
• Population (ZIP): 31,076
• Household income: $49,507
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 14.1

Population outlook (Ashtabula County) Hauer SSP2

• Today (2025): 92,950 people
• By 2030: 89,146 · -4.1%
• By 2040: 80,715 · -13.2%
• By 2050: 72,270 · -22.2%
• By 2075: 55,780 · -40.0%
• By 2100: 40,928 · -56.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Romanian 4% Iranian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Ashtabula

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.8%
• 2008→2024 swing: -41.9pp toward R · 2008: 13.5pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+23.5 2016: R+19.0 2012: D+12.1 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.51%
• Current HPI: 260.7146
• Rent YoY: —
• Metro: —
• 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

+64.8% since first listed

16 events — show timeline

• 2026-05-01 Contingent — MLSNOW
• 2026-04-28 Listed $309,000 MLSNOW
• 2024-12-23 Sold (Public Records) $268,000 Public Records
• 2024-12-20 Sold (MLS) $268,000 MLSNOW
• 2024-12-05 Pending — MLSNOW
• 2024-11-01 Listed $275,000 MLSNOW
• 2024-10-31 Listing Removed — MLSNOW
• 2024-10-01 Price Changed $279,900 MLSNOW
• 2024-08-12 Price Changed $289,900 MLSNOW
• 2024-08-02 Listed $299,900 MLSNOW
• 2024-08-01 Listing Removed — MLSNOW
• 2024-07-27 Price Changed $299,900 MLSNOW
• 2024-06-20 Listed $329,900 MLSNOW
• 2021-08-26 Sold (Public Records) $222,500 Public Records
• 2019-06-06 Listing Removed — MLSNOW
• 2019-03-26 Listed $187,500 MLSNOW

Property tax history

-28.3%/yr

Latest (2025): $257 · -2.5% YoY. Source: county tax records.