NOT LISTED FOR SALE

24524 Lake Rd Bay Village, OH 44140

Estimated Value: $2,331,000 - $4,119,000

5 Beds
9 Baths
8,894 Sq Ft
$361/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $3,650,000 $410 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $23,724/month

142 Days on Market

Highlights

  • Spa
  • Lake View
  • Deck
  • Normandy Elementary School Rated A-
  • 1.69 Acre Lot
  • Contemporary Architecture

About This Home

As of June 2019

Double lot on Lake Road! One of the finest waterfront homes Northeast Ohio offers... Absolutely no expense spared inside and out. This extraordinary home is truly an entertainer's dream home! Built with exceptional quality and crafted with the finest materials that you have to see to appreciate. Smart home technology built into the finest audio/video and security systems. Chef's dream kitchen with 2 islands, 2 Subzero refrigerators, full-sized Subzero wine cooler, Miele double ovens, built-in Miele steamer & coffee machine, Thermador pro gas range, electric range, beverage coolers, ice machine, multiple sinks plus a pasta faucet, and a butler's pantry with more. Some of the many conveniences include radiant heat floors throughout, a lower level exercise room, spa and theater just to name a few. Outdoor paradise with multi-tiered patios and decks, tennis court, separate enclosed sun room, and so much more. The gated pristine property offers privacy and priceless water views on 1.7 sprawling acres. This includes 2 parcels of land, 1 of which is a build-able lot. Impeccable! House w/o additional lot also available. Bay village has been rated as one of the top communities in all of Northern Ohio! Family-oriented community with excellent schools, many activities, lots of green space, a recently certified Blue Wave beach, and great walk-able neighborhoods.

Last Agent to Sell the Property

Linda Musarra

Deleted Agent License #330124 Listed on: 01/22/2019

Last Buyer's Agent

Kathy Folk

Deleted Agent License #312795

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,827

Year Built

  • Built in 2006

Lot Details

  • 1.69 Acre Lot
  • South Facing Home
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 3-Story Property
  • Sound System
  • 3 Fireplaces
  • Lake Views

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Garage Drain
  • Garage Door Opener

Outdoor Features

  • Spa
  • Deck
  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 204-18-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,827

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Contemporary/Modern
  • House Faces: South
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Year Built: 2006
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2006

Interior Features

  • Appliances Equipment: Audio System, Cooktop, Dishwasher, Dryer, Garbage Disposal, Humidifier, Microwave, Wall Oven, Refrigerator, Security System, Smoke Detector, Washer, Hot Tub
  • Fireplaces: 3
  • Total Bedrooms: 5
  • Total Bathrooms: 9.00
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Room Count: 18
  • Basement Detail: Finished, Full, Walk-Out

Exterior Features

  • View: Lake Erie, Water View
  • Exterior: Brick
  • Exterior Features: Deck, Enclosed Patio/Porch, Patio, Porch, Sprinkler/Irrigation
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Drain, Electric, Heated
  • Garage Num Of Cars: 4

Utilities

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

Schools

  • School District: Bay Village CSD
  • School District: Bay Village CSD

Lot Info

  • Additional Assessor Parcel Number 1: 204-18-003
  • Lot Size Units: Acres
  • Acres: 1.6894
  • Parcel Number: 204-18-004

Tax Info

  • Tax: 84827

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2019
Closed on
Jun 6, 2019
Sold by
24524 Lake Road Llc
Bought by
Englewood Real Estate Llc
Seller's Agent
Linda Musarra
Deleted Agent
Buyer's Agent
Kathy Folk
Deleted Agent
List Price
$3,999,999
Sold Price
$3,650,000
Premium/Discount to List
-$349,999
-8.75%
Current Estimated Value
$3,209,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$440,393
Avg. Annual Appreciation
-1.41%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Marinik Mark S
Bought by
24524 Lake Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 15, 2007
Sold by
Marinik Mark S and Marinik Elizabeth C
Bought by
Marinik Mark S

Purchase Details

Closed on
Sep 7, 1999
Sold by
Whitaker Michael
Bought by
Marinik Mark S and Marinik Elizabeth C

Purchase Details

Closed on
Dec 30, 1997
Sold by
Lipaj Edwin R
Bought by
Whitaker Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
7.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1985
Sold by
Lipaj Edwin R and Lipaj Phyllis N
Bought by
Lipaj Edwin R

Purchase Details

Closed on
Jan 1, 1975
Bought by
Lipaj Edwin R and Lipaj Phyllis N
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
Englewood Real Estate Llc $3,650,000 Northern Title Agency Inc
24524 Lake Road Llc -- Chicago Title Insurance C
Marinik Mark S -- Attorney
Marinik Mark S -- Attorney
Marinik Mark S $380,000 --
Whitaker Michael $333,500 --
Lipaj Edwin R -- --
Lipaj Edwin R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 24524 Lake Road Llc $1,688,000
Previous Owner Lake Road Llc $570,930
Previous Owner 24524 Lake Road Llc $1,900,000
Previous Owner Marinik Mark S $2,110,000
Previous Owner Marinik Mark S $2,150,000
Previous Owner Marinik Mark S $900,000
Previous Owner Marinik Mark S $1,000,000
Previous Owner Marinik Mark S $285,000
Previous Owner Whitaker Michael $234,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $3,650,000 -8.7% $410 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $3,999,999 -- $450 / 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 $76,453 $1,128,155 $210,840 $917,315
2023 $92,147 $1,128,160 $242,410 $885,750
2022 $89,828 $1,128,160 $242,410 $885,750
2021 $81,401 $1,128,160 $242,410 $885,750
2020 $77,227 $962,500 $202,020 $760,480
2019 $74,979 $2,750,000 $577,200 $2,172,800
2018 $74,903 $962,500 $202,020 $760,480
2017 $67,348 $787,090 $168,180 $618,910
2016 $67,070 $787,090 $168,180 $618,910
2015 $59,203 $787,090 $168,180 $618,910
2014 $59,203 $715,540 $152,880 $562,660
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Linda Musarra

    Deleted Agent

    Section Image

  • K

    Buyer's Agent in 2019

    Kathy Folk

    Deleted Agent

  • Meredith Hardington

    Buyer Co-Listing Agent in 2019

    Meredith Hardington

    Howard Hanna

    (216) 618-2040

    14 in this area

    364 Total Sales

    Meredith Hardington
    Section Image
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Map

Source: MLS Now

MLS Number: 4065014

MLS Now

APN: 204-18-004

Ohio Cuyahoga County Bay Village 44140

24524 Lake Rd, Bay Village, OH

This home is located at 24524 Lake Rd, Bay Village, OH 44140 since 22 January 2019 and is currently estimated at $3,209,607, approximately $360 per square foot. This property was built in 2006. 24524 Lake Rd is a home located in Cuyahoga County with nearby schools including Normandy Elementary School, Westerly Elementary School, and Bay Middle 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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