NOT LISTED FOR SALE

38450 Melrose Farms Dr Willoughby, OH 44094

Downtown Willoughby Neighborhood

Estimated Value: $388,000 - $595,000

4 Beds
3 Baths
1,480 Sq Ft
$335/Sq Ft Est. Value

About This Home

This home is located at 38450 Melrose Farms Dr, Willoughby, OH 44094 and is currently estimated at $495,235, approximately $334 per square foot. 38450 Melrose Farms Dr is a home with nearby schools including Grant Elementary School, Willoughby Middle School, and South High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2019
Sold by
Probuilt Homes Inc
Bought by
Araba Michael and Araba Temitayo
Current Estimated Value
$495,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,854
Interest Rate
3.6%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Araba Michael $90,000 Emerald Glen Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araba Michael $50,000
Open Araba Michael $408,450
Closed Araba Michael $403,854
Source: Public Records

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
2023 $13,009 $137,400 $38,920 $98,480
2022 $8,593 $137,400 $38,920 $98,480
2021 $8,584 $137,400 $38,920 $98,480
2020 $5,137 $73,280 $30,460 $42,820
Source: Public Records

Map

Ohio Lake County Willoughby 44094 Downtown Willoughby

38450 Melrose Farms Dr, Willoughby, OH

This home is located at 38450 Melrose Farms Dr, Willoughby, OH 44094 and is currently estimated at $495,235, approximately $334 per square foot. 38450 Melrose Farms Dr is a home with nearby schools including Grant Elementary School, Willoughby Middle School, and South 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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