1471 Wayne Avenue
Lakewood, OH 44107

$245,000

Beds: 4
Baths: 2
Sq. Ft.: 2,216
Type: House
Listing #5135591
Exceptional opportunity in one of Lakewood's most desirable neighborhoods! Family-owned 4-bedroom, 2-full- bath colonial offers generous space, charm, and solid mechanical updates--ready for your personal cosmetic touches. Set on a quiet, sought-after street, this home features three finished stories plus a full basement with a second full bath. The potential for a 3-car garage exists, though the current garage will need some attention. Major mechanicals have already been addressed, including a new furnace (2017), central air (2022), updated H2O tank (2017), updated electrical panel, and a dimensional roof with years of life left. Most of the windows have been replaced with energy-efficient vinyl for added comfort and savings. Step inside to discover timeless character, including original wood trim, crown molding, built- ins, bayed windows, and hardwood floors throughout. The spacious kitchen, with gas range and appliances included, opens to a large, light-filled formal dining room perfect for entertaining. The second floor features three bedrooms and a full bath, while the finished third floor offers a versatile space that could serve as a private fourth bedroom, home office, or creative studio with its own sitting area. Enjoy peaceful mornings on the relaxing front porch and take advantage of the full basement with additional living potential. This is a rare chance to own a charming Lakewood home at an affordable price point--ideal for investors or owner-occupants alike. Priced to reflect cosmetic updates needed, but with all the major systems in place, it's a smart buy with tremendous upside. Home is being sold subject to specific purchase terms--contact us today for details and to schedule your private showing
Property Features
Location Information
County: Cuyahoga
Latitude: 41.482499
Longitude: -81.820693
Subdivision: Wayne Ave Sub/S Colshans
Directions: off wayne
Interior Features
Interior: Built-in Features, Crown Molding
Full Baths: 2
Has Fireplace: Yes
Number of Fireplaces: 1
Fireplace Description: Living Room
Heating: Forced Air, Gas
Cooling: Central Air
Laundry: In Basement
Appliances: Dryer, Range, Refrigerator, Washer
Basement Description: Full
Has Basement: Yes
Exterior Features
Style: Colonial
Stories: 2
Construction/Exterior: Wood Siding
Possession: Negotiable
Water / Sewer: Public Sewer
Water: Public
Parking Description: Paved
Has Garage: Yes
Garage Spaces: 3
Patio / Deck Description: Porch
Lot Size in Acres: 0.114
Has Waterfront: No
Additional Information
Roof/Attic: Asphalt
Property Type: SFR
Property SubType: Single Family Residence
Property SubType 2: Residential
Year Built: 1913
Status: Active


$ per month
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Monthly Tax: $
Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing courtesy of Coldwell Banker Schmidt Realty 440-327-2123
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MLS Now (Yes MLS) data last updated at July 2, 2025, 8:34 PM ET