NOT LISTED FOR SALE

1507 Elmwood Ave Lakewood, OH 44107

Estimated Value: $391,000 - $552,000

5 Beds
2.5 Baths
2,318 Sq Ft
$214/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $426,000 $184 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,409/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Deck
  • 2 Car Detached Garage
  • Grant Elementary School Rated A
  • 1 Fireplace
  • Porch

About This Home

As of July 2021

Welcome home to this rare looking updated Colonial located in Central Lakewood. This 5 bedroom home has been brought back to life inside and out with 2,318-sf of above ground living space including the newly finished 3rd floor with owners suite. If the curb appeal or location of the home doesn't win you over step inside from your completely rebuilt front porch into your spacious family room with new flooring, updated lighting, plenty of natural light, and fireplace. Be sure to take in the rare arches throughout the first floor and the tray ceiling as you step to the dining room. The dining room takes you to your brand new kitchen w/ white soft close cabinetry, Quartz counter-tops, subway back splash, new flooring, canned lighting, and all new appliances and hood. The sliding door out to your huge deck with Pergola is perfect for BBQ’s. The 2nd floor offers 4 bedrooms with all new flooring and an updated full bath. The newly finished 3rd floor owner’s suite comes with a walk-in closet, new carpet, lighting, vanity, shower, and new HVAC split system for 3rd fl only. If this doesn't have you sold the additional updates include a new driveway, rebuilt front porch, new kitchen, remodeled 2.5 baths, HVAC, HWT, windows, newer roof, vinyl siding, electrical and panel, appliances, lighting, flooring, interior paint, finished 3rd floor with full bath, and more. Lastly, be sure to enjoy your huge deck off the back of the house with your newer 2-car garage and fenced in back yard.

Last Agent to Sell the Property

James Patti

Howard Hanna License #2011002671 Listed on: 06/02/2021

Howard Hanna

Co-Listed By

Imad Nader

Howard Hanna License #2019001301

Last Buyer's Agent

Jake Lohser

Keller Williams Greater Metropolitan License #2005006497

Keller Williams Greater Metropolitan

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,908

Year Built

  • Built in 1897

Lot Details

  • 5,201 Sq Ft Lot
  • Lot Dimensions are 40x130
  • West Facing Home
  • Property is Fully Fenced
  • Wood Fence
  • Chain Link Fence

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,318 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Porch

Utilities

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

Community Details

  • Lakewood Community

Listing and Financial Details

  • Assessor Parcel Number 314-02-054

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,908

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: West
  • Price Per Square Foot: 183.78
  • Estimated Price per Sq Ft: 183.78
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Total Sq Ft: 2318
  • Year Built: 1897
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 1897

Interior Features

  • Appliances Equipment: Dishwasher, Garbage Disposal, Range, Refrigerator, Smoke Detector
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 9
  • Basement Detail: Full, Unfinished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2318.00
  • Sq Ft Approx Total Finished: 2318.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Deck, Porch
  • Fences: Chain Link, Full, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Lakewood

Schools

  • School District: Lakewood CSD

Lot Info

  • Lot Dimensions: 40x130
  • Lot Size Units: Acres
  • Acres: 0.1194
  • Parcel Number: 314-02-054

Tax Info

  • Tax: 4908

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 12, 2021
Sold by
Si Vision Llc
Bought by
Koviak Matthew James and Chesney Jeffrey G
Seller's Agent
James Patti
Howard Hanna
Buyer's Agent
Jake Lohser
Keller Williams Greater Metropolitan
List Price
$399,900
Sold Price
$426,000
Premium/Discount to List
$26,100
6.53%
Current Estimated Value
$496,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,276
Avg. Annual Appreciation
3.63%
Original Mortgage
$383,400
Outstanding Balance
$347,876
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$148,400

Purchase Details

Listed on
Mar 28, 2020
Closed on
Oct 22, 2020
Sold by
Davis Muril and Davis Susan R
Bought by
Si Vision Llc
Seller's Agent
Richard Borelli
Howard Hanna
Buyer's Agent
James Patti
Howard Hanna
List Price
$225,000
Sold Price
$180,000
Premium/Discount to List
-$45,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
230.85%

Purchase Details

Closed on
Jan 18, 2008
Sold by
Fannie Mae
Bought by
Davis Muril

Purchase Details

Closed on
Apr 26, 2007
Sold by
Jarrett Raymond K and Jarrett Diane M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 20, 1993
Sold by
Lesher David A
Bought by
Elmwood, Trust

Purchase Details

Closed on
Oct 12, 1993
Sold by
Al-Khateeb Ahmad A
Bought by
Lesher David A

Purchase Details

Closed on
Dec 12, 1988
Sold by
Porterfield Ruth L Fka
Bought by
Al-Khateeb Ahmad A

Purchase Details

Closed on
Mar 22, 1988
Sold by
Noss Ruth L
Bought by
Porterfield Ruth L Fka

Purchase Details

Closed on
May 23, 1980
Sold by
Ward John J
Bought by
Noss Ruth L

Purchase Details

Closed on
Feb 25, 1976
Sold by
Bliss Patricia
Bought by
Ward John J

Purchase Details

Closed on
Jan 1, 1975
Bought by
Bliss Patricia
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
Koviak Matthew James $426,000 Gm Title
Si Vision Llc $180,000 Ohio Real Title
Davis Muril $30,000 Phoenix Title Agency
Federal National Mortgage Association $94,000 Attorney
Elmwood, Trust -- --
Lesher David A $59,500 --
Al-Khateeb Ahmad A $63,000 --
Porterfield Ruth L Fka -- --
Noss Ruth L $54,900 --
Ward John J $25,500 --
Bliss Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koviak Matthew James $383,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2021 07/16/21 Sold $426,000 +6.5% $184 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $399,900 +122.2% $173 / Sq Ft
10/26/2020 10/26/20 Sold $180,000 -10.0% $67 / Sq Ft View Prior Sale
10/14/2020 10/14/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $200,000 -11.1% $75 / Sq Ft
08/28/2020 08/28/20 For Sale $225,000 0.0% $84 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $225,000 -15.1% $84 / Sq Ft
03/28/2020 03/28/20 For Sale $265,000 -- $99 / 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 $9,576 $149,100 $20,370 $128,730
2023 $10,721 $142,840 $15,580 $127,260
2022 $10,789 $142,840 $15,580 $127,260
2021 $4,820 $63,000 $15,580 $47,430
2020 $4,908 $56,070 $12,080 $44,000
2019 $4,818 $160,200 $34,500 $125,700
2018 $4,574 $56,070 $12,080 $44,000
2017 $4,367 $46,210 $9,280 $36,930
2016 $4,337 $46,210 $9,280 $36,930
2015 $4,339 $46,210 $9,280 $36,930
2014 $4,339 $44,420 $8,930 $35,490
Source: Public Records

Agents Affiliated with this Home

  • James Patti

    Seller's Agent in 2021

    James Patti

    Howard Hanna

    (216) 254-3621

    54 in this area

    153 Total Sales

    James Patti
    Section Image

  • I

    Seller Co-Listing Agent in 2021

    Imad Nader

    Howard Hanna

    (216) 218-9652

    31 in this area

    81 Total Sales

    Imad Nader
    Section Image
  • Jake Lohser

    Buyer's Agent in 2021

    Jake Lohser

    Keller Williams Greater Metropolitan

    (216) 408-8795

    13 in this area

    234 Total Sales

    Jake Lohser
    Section Image
  • Richard Borelli

    Seller's Agent in 2020

    Richard Borelli

    Howard Hanna

    (216) 262-4045

    3 in this area

    15 Total Sales

    Richard Borelli
    Section Image
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Map

Source: MLS Now

MLS Number: 4283816

MLS Now

APN: 314-02-054

Ohio Cuyahoga County Lakewood 44107

1507 Elmwood Ave, Lakewood, OH

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