I was browsing local real estate when I came across this bargain at 13605 Shaker Blvd. While the address is in the City of Cleveland, it is, contrary to what the listing states, in the Shaker Heights School District. This map clearly illustrates the boundaries of the district - Shaker Square is shown at the left edge of the picture.
Yes, this is probably a foreclosure. But it's also 1576 square feet, 3 beds, 2 baths, and a fireplace, with Shaker Schools, for $4900. One can only screw up a condo so much, right? I have no idea as to the condo fees, but I can't imagine that they could be that much of a deterrent.
Even if the condo needs a full gut, the electrical and plumbing are probably still good. The rest of that stuff is cheap. Since it is in the city of Cleveland, one doesn't have to deal with the pesky point of sale inspections required in Shaker Heights.
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