NOT LISTED FOR SALE

The Meridian Condos 12550 Lake Ave Unit 703 Lakewood, OH 44107

Estimated Value: $247,186 - $296,000

2 Beds
2 Baths
1,176 Sq Ft
4.7 Acres

Last Sold May 02, 2014

Last sale price $141,000 $120 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,901/month

112 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • 4.7 Acre Lot
  • Emerson Elementary School Rated A-
  • In Ground Pool
  • Deck

About This Home

As of May 2014

RESORT STYLE LIVING..Gorgeous renovation & beautiful lake views. Spa inspired baths combine elements of granite, marble & glass. Sleek modern kitchen w/appliances. Spacious bedrooms, living & dining rooms. Bountiful closet space. Freshly painted & newly carpeted in neutral sand tones. Tiled balcony. HVAC unit new 9/2008 w/humidifier. Indoor & outdoor pools, fitness center, billiard & party rooms, 24 hour concierge & maintenance, laundry on each floor, coffee bar, library, jacuzzi, sauna, tennis & racquet courts. Well appointed lobby. Indoor heated garage space. Indoor car wash area & storage locker. Strong Reserve Fund. Your retreat at home!

Last Agent to Sell the Property

Barbara Schroeder

Deleted Agent License #2001008171 Listed on: 12/03/2013

Last Buyer's Agent

Barbara Schroeder

Deleted Agent License #2001008171 Listed on: 12/03/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,424

Year Built

  • Built in 1974

Lot Details

  • Lake Front
  • East Facing Home
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • Lake Views
  • Finished Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 312-08-370

Community Details

Overview

  • $515 Annual Maintenance Fee
  • Maintenance fee includes Association Insurance, Exterior Building, Garage/Parking, Gas, Heat, Landscaping, Property Management, Recreation, Reserve Fund, Security Staff, Security System, Sewer, Snow Removal, Trash Removal, Water
  • Meridian Community

Amenities

  • Common Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,424

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Dwelling Type: Attached
  • Style: High-Rise
  • Unit Location: Center
  • House Faces: East
  • Price Per Square Foot: 119.90
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1176
  • Year Built: 1974
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1974

Interior Features

  • Appliances Equipment: Cooktop, Dishwasher, Garbage Disposal, Microwave, Wall Oven, Refrigerator
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Room Count: 6
  • Basement Detail: Common, Finished
  • Living Area Sq Ft: 1176
  • Estimated Total Living Area: 1176
  • Estimated Sq Ft: 1176

Exterior Features

  • View: Lake Erie
  • Exterior: Brick
  • Exterior Features: Deck, Inground Pool, Patio, Sprinkler/Irrigation
  • Fences: Partial
  • Roof: Rubber

Garage/Parking

  • Driveway: Paved
  • Garage Features: Assigned/Reserved, Attached, Door Opener, Heated
  • Garage Num Of Cars: 1

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Common Facility, Exercise Room, Laundromat, Pool, Tennis Courts

Condo/Co-op/Association

  • Maint Fee Amount: 515.00
  • Maint Fee Freq: Monthly
  • Maint Fee Includes: Association Insurance, Exterior Building, Garage/Parking, Gas, Heat, Landscaping, Property Management, Recreation, Reserve Fund, Security Staff, Security System, Sewer, Snow Removal, Trash Removal, Water
  • Maint Provider: Meridian Condominium Association
  • Subdivision Complex: Meridian

Schools

  • School District: Lakewood CSD
  • School District: Lakewood CSD

Lot Info

  • Lot Description: Lake Erie Front
  • Lot Size Area Sq Ft: 204850.0000
  • Lot Size Units: Acres
  • Price Per Acre: 30833.35
  • Acres: 4.7030
  • Parcel Number: 312-08-370

Rental Info

  • PetsAllowed: Yes

Multi Family

  • Unit Floor Num Of: 7

Tax Info

  • Tax: 3424

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2013
Closed on
May 1, 2014
Sold by
Mclean Shoghi M and Gomez Mclean Karen Ornella
Bought by
Bunce Patricia L
Seller's Agent
Barbara Schroeder
Deleted Agent
Buyer's Agent
Barbara Schroeder
Deleted Agent
List Price
$145,000
Sold Price
$141,000
Premium/Discount to List
-$4,000
-2.76%
Current Estimated Value
$270,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,797
Avg. Annual Appreciation
5.55%
Original Mortgage
$66,000
Outstanding Balance
$51,023
Interest Rate
4.33%
Mortgage Type
New Conventional
Estimated Equity
$208,850

Purchase Details

Closed on
Sep 18, 2008
Sold by
Schroeder Helmut F and Schroeder Barbara A
Bought by
Mclean Shoghi M and Mclean Karen Ornella Gomez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2007
Sold by
Lasalle Bank Na
Bought by
Schroeder Helmut F and Schroeder Barbara A

Purchase Details

Closed on
Jun 25, 2007
Sold by
Walker Deborah
Bought by
Lasalle Bank Na and Bear Stearns Asset Backed Securities I L

Purchase Details

Closed on
Jul 27, 2004
Sold by
Falkenstein Heidi J and Falkenstein Carl M
Bought by
Walker Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,900
Interest Rate
5.95%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 10, 1996
Sold by
Alibeckoff Dominique
Bought by
Falkenstein Carl M and Falkenstein Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,880
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1985
Bought by
Alibeckoff Dominique

Purchase Details

Closed on
Mar 31, 1981
Sold by
Donsky George A
Bought by
Kelly Investments Ltd

Purchase Details

Closed on
Aug 1, 1979
Bought by
Donsky George A

Purchase Details

Closed on
Jan 1, 1975
Bought by
Transcon Bldrs Inc
Source: Public Records

Range of Values:

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Average Value
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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
Bunce Patricia L $141,000 Chicago Title Insurance C
Mclean Shoghi M $139,000 American Title & Trust Agenc
Schroeder Helmut F $83,350 Attorney
Lasalle Bank Na $93,334 Attorney
Walker Deborah $131,000 First Service Title Agency
Falkenstein Carl M $83,600 --
Alibeckoff Dominique $71,000 --
Kelly Investments Ltd $77,900 --
Donsky George A $72,000 --
Transcon Bldrs Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bunce Patricia L $66,000
Previous Owner Mclean Shoghi M $112,000
Previous Owner Mclean Shoghi M $13,860
Previous Owner Mclean Shoghi M $125,100
Previous Owner Walker Deborah $38,900
Previous Owner Walker Deborah $122,542
Previous Owner Falkenstein Carl M $118,800
Previous Owner Falkenstein Heidi J $18,100
Previous Owner Falkenstein Carl M $66,880
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2014 05/02/14 Sold $141,000 -2.8% $120 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
12/03/2013 12/03/13 For Sale $145,000 -- $123 / 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 $5,096 $77,000 $7,035 $69,965
2023 $5,449 $70,600 $7,070 $63,530
2022 $5,483 $70,600 $7,070 $63,530
2021 $5,428 $70,600 $7,070 $63,530
2020 $4,867 $55,160 $5,530 $49,630
2019 $4,774 $157,600 $15,800 $141,800
2018 $4,529 $55,160 $5,530 $49,630
2017 $4,471 $46,900 $4,200 $42,700
2016 $4,292 $46,900 $4,200 $42,700
2015 $4,292 $46,900 $4,200 $42,700
2014 $3,460 $36,330 $3,640 $32,690
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Barbara Schroeder

    Deleted Agent

See All Agents

About The Meridian Condos

Map

Source: MLS Now

MLS Number: 3461822

MLS Now

APN: 312-08-370

Ohio Cuyahoga County Lakewood 44107

12550 Lake Ave Unit 703, Lakewood, OH

This home is located at 12550 Lake Ave Unit 703, Lakewood, OH 44107 since 03 December 2013 and is currently estimated at $270,797, approximately $230 per square foot. This property was built in 1974. 12550 Lake Ave Unit 703 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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