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CondominiumResidential
Last sold for $295,000 on May 17, 2024

407 PROSPECT AVE E

CLEVELAND, OH 44115
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1913
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 19139 units1,694–1,705 ft²
$3.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$350K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$205
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+306.8%vs the Cleveland ZIP median sale $/ft² ($50)

Sales Performance

$350K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-4.1%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
11.1%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
-0.4%per yeartypical hold 5.6 yrsfrom 18 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20042007201020132015201920242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20042007201020132015201920242026

29 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
9 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 2 ba · 1,705 ft²
5 units
2 bd · 2 ba · 1,694 ft²
4 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$323K–$323K
1 unit
$336K–$340K
3 units
$350K–$350K
1 unit
$362K–$362K
1 unit
$373K–$373K
1 unit
$398K–$400K
2 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.33%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.44%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.7.3 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.43%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.50%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$369,474
Median tax billThe middle annual property tax bill among the building's units.$7,417
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 4EAug 19, 2026$350,000Unit 4EJan 23, 2025$365,000Unit 7EOct 8, 2024$339,000BuildingMay 17, 2024$295,000Unit 8WApr 5, 2024$360,000Unit 7EDec 29, 2022$310,000Unit 5EDec 2, 2022$280,000Unit 4WJun 26, 2019$333,000Unit 8WAug 11, 2017$420,000Unit 5WJul 7, 2017$375,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,846 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$102,380 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,260
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$92,120
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$96,610
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$292,500

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyCuyahoga
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1970
Lot (acres)The size of the land the home sits on, from county records.0.11
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Mat/Raft Foundation (Slab)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Elevator

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Cleveland High School for Digital ArtsC+
High · Grades 9–12 · 0.6 mi
E
Campus International SchoolB-
Elementary · Grades KG–8 · 0.9 mi

District: Cleveland Municipal School District

Neighborhood · ZIP 44115These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.179
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.112
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.49

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.48%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.9,736
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,276 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$28,417
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$51,125
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.39 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.49%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

407 Prospect Ave E
2 bd · 2 ba · 1,705 ft²
$306K
407 Prospect Ave E # 2e
2 bd · 2 ba · 1,705 ft²
$400K
407 Prospect Ave E # 2w
2 bd · 2 ba · 1,694 ft²
$337K
407 Prospect Ave E # 3w
2 bd · 2 ba · 1,705 ft²
$340K
407 Prospect Ave E # 4e
2 bd · 2 ba · 1,705 ft²
$350K
407 Prospect Ave E # 4w
2 bd · 2 ba · 1,694 ft²
$373K
407 Prospect Ave E # 5e
2 bd · 2 ba · 1,705 ft²
$323K
407 Prospect Ave E # 5w
2 bd · 2 ba · 1,694 ft²
$398K
407 Prospect Ave E # 7e
2 bd · 2 ba · 1,705 ft²
$336K
407 Prospect Ave E # 8w
2 bd · 2 ba · 1,694 ft²
$362K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 407 Prospect Ave

How many units are in 407 Prospect Ave, Cleveland, OH?

407 Prospect Ave, Cleveland, OH has 9 residential units across built in 1913, according to county assessor records.

What is a unit at 407 Prospect Ave, Cleveland, OH worth?

The median TopHap Estimate across the 9 units at 407 Prospect Ave, Cleveland, OH is $349,760. That works out to $205 per square foot. Units run from 1,694 to 1,705 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 407 Prospect Ave, Cleveland, OH expensive for Cleveland?

Units at 407 Prospect Ave, Cleveland, OH carry a median of $205 per square foot, 307% above the Cleveland median of $50 per square foot.

How often do units sell at 407 Prospect Ave, Cleveland, OH?

1 units at 407 Prospect Ave, Cleveland, OH sold in the last 12 months, out of 29 recorded arms-length sales all time. That is a turnover rate of 11.1% of the building per year. The median sale over that period was $350K.

Have units at 407 Prospect Ave, Cleveland, OH appreciated?

Across 18 repeat sales of the same unit, 407 Prospect Ave, Cleveland, OH returned a median -0.4% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 5.6 years.

What floor plans does 407 Prospect Ave, Cleveland, OH have?

The most common plan at 407 Prospect Ave, Cleveland, OH is a 2-bedroom of 1,705 square feet, repeated 5 times, with a median estimate of $340,409. TopHap identifies 2 recurring plans in the building.

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