NOT LISTED FOR SALE

Marine Towers East 12520 Edgewater Dr Unit 505 Lakewood, OH 44107

Estimated Value: $101,000 - $227,000

2 Beds
2 Baths
1,146 Sq Ft
$530/mo HOA Fee

Last Sold April 23, 2019

Last sale price $80,000 $70 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,531/month

47 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Porch
  • Emerson Elementary School Rated A-
  • Community Lake
  • 2 Car Attached Garage

About This Home

As of April 2019

Never so affordable, MTE 505 offers breathtaking DIRECT LAKEFRONT VIEWS & the opportunity to take title to the eclectic charm of ‘60s vintage OR embrace this coveted location as a blank palette on which to forge your lakefront fantasy! This “5-Series” condo is only one of 32 suites that features an enclosed balcony facing Lake Erie w/ floor to ceiling windows (upper windows all open), the picturesque pool/patio area & an arboreal treasure that projects beauty and balance (there is near-500K new construction condos at the end of the street that face a concrete parking lot and some nice homes on Lake Ave with NO LAKE VIEWS!). Expansive LIV/DIN RMS with breathtaking views of the water. Galley style vintage kitchen that can be opened for a liberating feel/floor plan. Parquet Oak Flooring in most common areas. An abundance of bedroom and hallway storage, including 2 walk in closets! 505 is situated at the end of the fifth floor hallway and adjacent to the north staircase for privacy and ease of exodus. Surrounded by a prominent row of varying lakefront condos/apartments at the quiet end of the Edgewater cul-de-sac and directly next to the architecturally alluring and historic former “Lake Shore Hotel” that was reputed to be "the finest residential hotel between New York & Chicago," this is the time to invest in this A+ Location! Assessments detailed are designated the building’s future stability & include tuckpointing, a reserve study, elevator renovation, HVAC updates, and more!

Last Agent to Sell the Property

Christina Carpadis

RE/MAX Above & Beyond License #2002020691 Listed on: 02/24/2019

Last Buyer's Agent

Jason Saal

EXIT Realty GPS License #2013000852

EXIT Realty GPS

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963

Lot Details

  • Lake Front
  • Northwest Facing Home

HOA Fees

  • $530 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 1,146 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Property Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 312-09-337

Community Details

Overview

  • Association fees include management, heat, HVAC, ground maintenance, maintenance structure, recreation facilities, reserve fund, sewer, snow removal, security, trash, water
  • First Realty Management Association
  • High-Rise Condominium
  • Marine Towers East Condo Subdivision
  • Community Lake
  • 17-Story Property

Amenities

  • Public Transportation
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1963

Lot Details

0

HOA Fees

$530 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Year Built: 1963
  • Road Frontage Type: Lakefront
  • ResoLotFeatures: Lake Erie Front, Lake Front
  • ResoPoolFeatures: In Ground, Community
  • Reso View: Lake
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Fee Includes: Association Management, Heat, HVAC, Maintenance Grounds, Maintenance Structure, Recreation Facilities, Reserve Fund, Sewer, Snow Removal, Security, Trash, Water
  • Subdivision Name: Marine Towers East Condo
  • Above Grade Finished Sq Ft: 1146.0
  • Reso Accessibility Features: None
  • Architectural Style: High Rise
  • Carport Y N: No
  • Entry Level: 5
  • Garage Yn: Yes
  • Reso Interior Features: Elevator
  • Property Attached Yn: No
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: Full, Unfinished, Walk-Out Access
  • Basement: Yes
  • Appliances: Dryer, Dishwasher, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Stories: 17

Exterior Features

  • Roof: Asphalt, Fiberglass
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Brick
  • Direction Faces: Northwest
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Drain, Electricity, Garage, Garage Door Opener, Heated Garage, Paved, Outside

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake, Laundry Facilities, Pool, Public Transportation
  • Association Fee: 529.81
  • Association Fee Frequency: Monthly
  • Association Name: First Realty Management
  • Association: Yes

Schools

  • Junior High Dist: Lakewood CSD (Cuyahoga)- 1817

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 312-09-337
  • ResoLotSizeUnits: Acres

Rental Info

  • PetsAllowed: Yes

Multi Family

  • Existing Lease Type: Sublease

Tax Info

  • Tax Annual Amount: 2221.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2019
Closed on
Apr 19, 2019
Sold by
Steinberger Cynthia S
Bought by
Vatankhah Marziyeh
Seller's Agent
Christina Carpadis
RE/MAX Above & Beyond
Buyer's Agent
Jason Saal
EXIT Realty GPS
List Price
$110,000
Sold Price
$80,000
Premium/Discount to List
-$30,000
-27.27%
Current Estimated Value
$142,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,302
Avg. Annual Appreciation
11.17%

Purchase Details

Closed on
Aug 11, 2000
Sold by
Krost Joyce N
Bought by
Steinberger Cynthia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
8.24%

Purchase Details

Closed on
Nov 29, 1999
Sold by
Hull Charles M
Bought by
Krost Joyce N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
9.52%

Purchase Details

Closed on
Mar 27, 1981
Sold by
Hull Charles W and Hull Betsy B
Bought by
Hull Charles M

Purchase Details

Closed on
Jan 1, 1975
Bought by
Hull Charles W and Hull Betsy B
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vatankhah Marziyeh $80,000 Cle Title Agency
Steinberger Cynthia S $122,500 Midland Title Security Inc
Krost Joyce N $105,000 Quality Title Agency Inc
Hull Charles M -- --
Hull Charles W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steinberger Cynthia S $98,000
Previous Owner Krost Joyce N $78,750
Closed Steinberger Cynthia S $12,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2019 04/23/19 Sold $80,000 -27.3% $70 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $110,000 -- $96 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,577 $39,235 $4,480 $34,755
2023 $2,149 $28,000 $3,430 $24,570
2022 $2,163 $28,000 $3,430 $24,570
2021 $2,142 $28,000 $3,430 $24,570
2020 $2,322 $26,530 $2,660 $23,870
2019 $1,491 $75,800 $7,600 $68,200
2018 $1,784 $26,530 $2,660 $23,870
2017 $2,094 $31,470 $3,150 $28,320
2016 $2,079 $31,470 $3,150 $28,320
2015 $2,079 $31,470 $3,150 $28,320
2014 $2,353 $33,460 $3,360 $30,100
Source: Public Records

Agents Affiliated with this Home

  • Christina Carpadis

    Seller's Agent in 2019

    Christina Carpadis

    RE/MAX

    (216) 215-4232

    9 in this area

    155 Total Sales

    Section Image
  • Jason Saal

    Buyer's Agent in 2019

    Jason Saal

    EXIT Realty GPS

    (330) 495-7362

    47 Total Sales

    Section Image
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About Marine Towers East

Map

Source: MLS Now

MLS Number: 4072388

MLS Now

APN: 312-09-337

Ohio Cuyahoga County Lakewood 44107

12520 Edgewater Dr Unit 505, Lakewood, OH

This home is located at 12520 Edgewater Dr Unit 505, Lakewood, OH 44107 since 24 February 2019 and is currently estimated at $149,684, approximately $130 per square foot. This property was built in 1963. 12520 Edgewater Dr Unit 505 is a home located in Cuyahoga County with nearby schools including Emerson Elementary School, Garfield Middle School, and Lakewood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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