551 Elmwood Rd
Bay Village, OH 44140
4 bd 2 ba 2,170 sqft Built 1956 Lot 6,098 sqft single_family
Most recent sale
$317,500
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2025 | Sold | $425,000 | MLSNOW |
| Sep 10, 2025 | Listed | $389,900 | MLSNOW |
| May 6, 2022 | Sold | $317,500 | MLS #4360519 |
| Apr 1, 2022 | Listed | $279,900 | MLS #4360519 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $90,060 | $16,800 | $106,860 | $7,266 |
| 2024 | $90,060 | $16,800 | $106,860 | $7,241 |
| 2022 | $54,360 | $14,980 | $69,340 | $5,521 |
| 2021 | $54,360 | $14,980 | $69,340 | $5,003 |
| 2020 | $46,450 | $12,810 | $59,260 | $4,754 |
| 2019 | $46,450 | $12,810 | $59,260 | $4,616 |
| 2018 | $46,450 | $12,810 | $59,260 | $4,611 |
| 2017 | $38,430 | $10,330 | $48,760 | $4,172 |
| 2016 | $38,430 | $10,330 | $48,760 | $4,155 |
| 2015 | $38,430 | $10,330 | $48,760 | $3,876 |
| 2014 | $35,600 | $9,560 | $45,160 | $3,736 |
| 2013 | $35,600 | $9,560 | $45,160 | $3,693 |
| 2012 | $34,550 | $12,040 | $46,590 | $3,594 |
| 2010 | $34,550 | $12,040 | $46,590 | $3,607 |
| 2009 | $34,550 | $12,040 | $46,590 | $3,337 |
| 2008 | $35,245 | $12,285 | $47,530 | $3,330 |
| 2007 | $35,250 | $12,290 | $47,540 | $3,265 |
Property facts
Year built
1956
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,170 sqft
Lot size
6,098 sqft
ZIP code
44140
City
Bay Village
Street
Elmwood Rd
Coordinates
41.47979, -81.90973
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,255
Gross rental yield
12.30%
Implied cap rate
8.00%
Trend-extrapolated value
—
Frequently asked questions
When did 551 Elmwood Rd last sell?
551 Elmwood Rd most recently sold on May 6, 2022 for $317,500.
What is the current tax assessment for 551 Elmwood Rd?
The most recent total assessment for 551 Elmwood Rd (year 2025) is $106,860 with $7,266 in property tax.
How does 551 Elmwood Rd's assessment compare to its last sale price?
The current assessment is 66.3% below the last sale price of $317,500.
When was 551 Elmwood Rd built?
551 Elmwood Rd was built in 1956.
How does 551 Elmwood Rd compare to others on Elmwood Rd?
We track 8 other properties on Elmwood Rd. Browse the list under "Other properties on Elmwood Rd" to compare beds, baths, and sale history.
What are the property facts for 551 Elmwood Rd?
551 Elmwood Rd is a 4 bed, 2 bath, 2,170 sqft, 6,098 sqft lot single_family.
Is 551 Elmwood Rd a flip candidate?
No — 551 Elmwood Rd does not appear in our flips dataset.
Is 551 Elmwood Rd a tax-appeal candidate?
No — 551 Elmwood Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.4%
Implied 1-yr
-5.7%
2026 Q3
$582.9K
2026 Q4
$573.8K
ZIP 44140 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elmwood Rd