168 Steeple Chase Run · Northfield, OH 44067

$175,000

2 bd · 1.5 ba · 1,020 sqft · Condo public records · 67 Days on market

Built 1996 $172/sqft · at area comps Est $183k · at est. $249/mo HOA · 15% of rent

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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 +9.9/30.0
• ARV discount +9.6/15.0
• Schools +6.6/10.0
• 1% rule +4.6/10.0
• Livability +4.0/5.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this refreshed and remodeled 2 bedroom, 1.5 bath unit located in Steeplechase! Complete with a finished basement including a basement office, this home is perfect for all walks of life. The low $249/mo HOA is perfect for those needing a low maintenance property but without the super high maintenance fees! 1 year Home Warranty included for your peace of mind as well. Make this home, your new home!

Key facts

• Home warranty
• Finished basement
• Basement office

Tags

• FINISHED BASEMENT
• BASEMENT OFFICE
• LOW MAINTENANCE PROPERTY
• HOME WARRANTY

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $156k (11.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (4.1% below list).
• Recommended offer: $156k (11.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 79/100 on livability (#143 in OH, #2,208 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Nordonia Hills City (suburban): math 72% / reading 79% proficiency, ranked #71 of 656 in OH (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Rushwood Elementary School (math 82% / reading 77%, grade A, #173 of 1,584 statewide, top 12%, 343 students, 17% FRL); Lee Eaton Intermediate School (math 77% / reading 86%, grade A+, #36 of 654 statewide, top 6%, 525 students, 22% FRL); Nordonia High School (math 58% / reading 80%, grade B, #129 of 781 statewide, top 16%, 1,278 students, 18% FRL) — zoned schools at 19% FRL track the district average.
• Market conditions: 72 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $122k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $155,759 (11.0% 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. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.96% ✗
• Cap rate: 5.55%
• Cash-on-cash: -2.67%
• DSCR: 0.88
• GRM: 8.7

CMA / ARV

• ARV (median comp): $183,428
• List price: $175,000
• Delta: -4.59%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -20.6%
• Equity multiple: 0.28×
• Total profit: $-35,130
• Equity at exit: $26,093

10-year hold

• IRR: -13.6%
• Equity multiple: 0.21×
• Total profit: $-38,857
• Equity at exit: $15,131

Cash invested: $49,000 (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 44067

• Active inventory: 72
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,679 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$196 /mo · $2,348/yr
• Insurance: −$73
• HOA: −$249
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $-109

Break-even live

Break-even rent $1,817

Max offer price $155,759

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-59	+0% $-109	+5% $-158	+10% $-208
Rent	-10% $-242	-5% $-175	+0% $-109	+5% $-43	+10% $24
Rate	-1.0pp $-21	-0.5pp $-64	base $-109	+0.5pp $-154	+1.0pp $-200

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Eaton Ridge Dr Northfield, OH	1.0–2.0	1.0–2.0	956	$1,679	$1.76	0d	6	0.72mi

HOA detail condo

• Monthly dues: $249 · $2,988/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-01
   status $175,000 Pending 67 DOM
2. 2026-05-31
   days on market $175,000 Active 67 DOM
3. 2026-05-05
   price $175,000 410-char remark

   Show marketing remark (410 chars)

   Welcome to this refreshed and remodeled 2 bedroom, 1.5 bath unit located in Steeplechase! Complete with a finished basement including a basement office, this home is perfect for all walks of life. The low $249/mo HOA is perfect for those needing a low maintenance property but without the super high maintenance fees! 1 year Home Warranty included for your peace of mind as well. Make this home, your new home!

4. 2026-03-25
   listed $185,000 Active 410-char remark

   Show marketing remark (410 chars)

   Welcome to this refreshed and remodeled 2 bedroom, 1.5 bath unit located in Steeplechase! Complete with a finished basement including a basement office, this home is perfect for all walks of life. The low $249/mo HOA is perfect for those needing a low maintenance property but without the super high maintenance fees! 1 year Home Warranty included for your peace of mind as well. Make this home, your new home!

5. 2019-07-19
   soldstatus $122,000 Closed 772-char remark

   Show marketing remark (772 chars)

   Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

6. 2019-07-19
   soldstatus $122,000

   Show marketing remark (772 chars)

   Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

7. 2019-06-16
   status Pending 772-char remark

   Show marketing remark (772 chars)

   Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

8. 2019-06-07
   historical Contingent 772-char remark

   Show marketing remark (772 chars)

   Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

9. 2019-05-07
   price $125,000 772-char remark

   Show marketing remark (772 chars)

   Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

10. 2019-04-11
    price $127,000 772-char remark

    Show marketing remark (772 chars)

    Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

11. 2019-03-28
    listed $128,000 Active 772-char remark

    Show marketing remark (772 chars)

    Presenting a 2 Bedroom 2 Bath Condo in Northfield Vlg! Upon entering the home in the foyer, you will love the hardwood floors and freshly painted walls. There is a half bath located on the main level and a full bath upstairs that opens to the hallway and to the master bedroom. Both bedrooms have 2 full closets. This home has all natural wood flooring on the main floor, updated kitchen with all stainless steel appliances, a full, partially finished basement with a laundry room and tons of storage! This home has been beautifully updated and maintained. 2010 updates include full Kitchen remodel, new sliders to patio, new Furnace and Central Air and Hot Water Tank. Roof was done in 2012. All appliances stay with the home and comes with a 1 Year Free Home Warranty!

12. 2014-02-06
    soldstatus $98,000
13. 2014-02-05
    soldstatus $98,000
14. 2013-09-16
    listed $110,000
15. 2006-05-05
    soldstatus $122,500
16. 2006-05-05
    soldstatus $97,500
17. 2006-04-01
    listed $122,900
18. 1996-11-25
    soldstatus $98,000

ⓘ 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: $2,348 · $196/mo
• Projected year-2 tax: $2,539 · $212/mo
• Expected delta: +$191/yr (+$16/mo · 8.1%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,148
• − Mortgage interest: −$9,803
• − Property taxes: −$2,348
• − Insurance: −$875
• − Repairs & maintenance: −$1,612
• − Management: −$1,612
• − HOA: −$2,988
• − Depreciation: −$5,091
• Taxable loss: −$4,181
• Est. tax savings @ 24.0%: +$1,003
• After-tax cash flow: $-304/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: Nordonia Hills City
• NCES district ID: 3905004
• Math proficiency: 72% ▼ -9.00%
• Reading proficiency: 79% ▼ -3.00%
• Median HH income: $74,658
• Composite: 66.26/100
• National rank: #428
• State rank: #71 of 656 in OH

Livability — Northfield

• Score: 79/100
• State rank: #143
• US rank: #2208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northfield, OH
• County: Summit · 539,389 people
• Metro: Akron, OH
• Population (ZIP): 19,917
• Household income: $89,082
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 13.4

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 14% Slovak 3% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 2% Chinese 1% Spanish 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -112.75%
• Current HPI: 198.7729
• 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

+78.6% since first listed

16 events — show timeline

• 2026-05-05 Price Changed $175,000 MLSNOW
• 2026-03-25 Listed $185,000 MLSNOW
• 2019-07-19 Sold (Public Records) $122,000 Public Records
• 2019-07-19 Sold (MLS) $122,000 MLSNOW
• 2019-06-16 Pending — MLSNOW
• 2019-06-07 Contingent — MLSNOW
• 2019-05-07 Price Changed $125,000 MLSNOW
• 2019-04-11 Price Changed $127,000 MLSNOW
• 2019-03-28 Listed $128,000 MLSNOW
• 2014-02-06 Sold (Public Records) $98,000 Public Records
• 2014-02-05 Sold (MLS) $98,000 MLSNOW
• 2013-09-16 Listed $110,000 MLSNOW
• 2006-05-05 Sold (Public Records) $97,500 Public Records
• 2006-05-05 Sold (MLS) $122,500 MLSNOW
• 2006-04-01 Listed $122,900 MLSNOW
• 1996-11-25 Sold (Public Records) $98,000 Public Records

Property tax history

+3.4%/yr

Latest (2025): $2,348 · -1.9% YoY. Source: county tax records.