NOT LISTED FOR SALE

473 Somerset Dr Chagrin Falls, OH 44022

Estimated Value: $371,000 - $510,000

4 Beds
2.5 Baths
2,640 Sq Ft
$171/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $233,000 $88 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,981/month

120 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Attached Garage
  • Baseboard Heating
  • Gurney Elementary School Rated A
  • Central Air
  • Heating System Uses Steam

About This Home

As of February 2018

Welcome to this amazing property just 3 minutes to the village of Chagrin Falls! A rare opportunity to own a beautifully updated home at a great price in a lovely neighborhood. The interior has been completely renovated from top to bottom! Incredible updates in every room including the chef's kitchen and baths, also removing a wall to creating an open floor plan that enjoys the large family room from the eat in kitchen featuring a wall to wall stone gas burning fireplace. The chef's kitchen includes newer appliances such as the stainless steel refrigerator, dishwasher and microwave, also a double oven, beautiful cabinets and granite counter tops. Sliding glass doors open off the family room to an all new multi-level stone patio! The patio has a built-in fire pit and is tastefully landscaped... perfect for entertaining, or just relaxing! There is also a bonus room that can be used as an office, child’s play room or bar. Hardwood flooring on the second level in all four bedrooms. The master bath has a tiled shower with full body sprays. Newer HVAC system, water heater and electrical panel! This home has just been fully excavated and fully waterproofed in 2017! Call for an appointment today!

Last Agent to Sell the Property

Michelle McQuade

Howard Hanna License #2013003551 Listed on: 09/17/2017

Howard Hanna

Last Buyer's Agent

Courtney Gagnon

Deleted Agent License #2015005370

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 0.44 Acre Lot

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • Chagrin Acres Resub Community

Listing and Financial Details

  • Assessor Parcel Number 932-24-031

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Split Level
  • Price Per Square Foot: 88.26
  • Estimated Price per Sq Ft: 88.26
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2640
  • Year Built: 1964
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1964

Interior Features

  • Appliances Equipment: Dishwasher, Microwave, Range, Refrigerator, Smoke Detector
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 8
  • Sq Ft Approx Above Grade Finished: 2640.00
  • Sq Ft Approx Total Finished: 2640.00

Exterior Features

  • Exterior: Brick, Vinyl

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Baseboard, Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • HOA Fees: 60.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Unknown
  • Subdivision Complex: Chagrin Acres Resub

Schools

  • School District: Chagrin Falls EVSD
  • School District: Chagrin Falls EVSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.4408
  • Parcel Number: 932-24-031

Tax Info

  • Tax: 7579

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2020
Sold by
Silverman David J and Silverman Rachel M
Bought by
Silverman Rachel M and Rachel M Silverman Trust
Current Estimated Value
$452,667

Purchase Details

Listed on
Sep 17, 2017
Closed on
Feb 27, 2018
Sold by
Mcmiller Management Incorporated
Bought by
Silverman David J and Silverman Rachel M
Seller's Agent
Michelle McQuade
Howard Hanna
Buyer's Agent
Courtney Gagnon
Deleted Agent
List Price
$289,000
Sold Price
$233,000
Premium/Discount to List
-$56,000
-19.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$186,400
Outstanding Balance
$112,247
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$350,086

Purchase Details

Listed on
Mar 25, 2013
Closed on
Nov 5, 2013
Sold by
Fannie Mae
Bought by
Mcmiller Management Incorporated
Seller's Agent
David Sarver
Berkshire Hathaway HomeServices Professional Realty
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$269,900
Sold Price
$120,000
Premium/Discount to List
-$149,900
-55.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.85%

Purchase Details

Closed on
Dec 11, 2012
Sold by
Rawson Timothy
Bought by
Fannie Mae

Purchase Details

Closed on
Mar 29, 2004
Sold by
Ross Matthew W and Ross Jill M
Bought by
Rawson Timothy and Rawson Marla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2002
Sold by
Patronite Gerald J
Bought by
Ross Matthew W and Ross Jill M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.75%

Purchase Details

Closed on
Feb 22, 2002
Sold by
Patronite Marianne
Bought by
Patronite Gerald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.75%

Purchase Details

Closed on
Sep 24, 1980
Bought by
Patronite Gerald J

Purchase Details

Closed on
Jan 16, 1980
Sold by
Ogden Robert F and Ogden June J
Bought by
Lawyers Title Ins Corp

Purchase Details

Closed on
Jan 1, 1975
Bought by
Ogden Robert F and Ogden June J
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
Silverman Rachel M -- None Available
Silverman David J $233,000 Kingdom Title Solutions
Mcmiller Management Incorporated $120,000 Service Link
Fannie Mae $143,334 Attorney
Rawson Timothy $260,000 Land Title Agency
Ross Matthew W $205,000 Ata
Patronite Gerald J -- Title Xperts Agency Inc
Patronite Gerald J $99,900 --
Lawyers Title Ins Corp -- --
Ogden Robert F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silverman David J $186,400
Previous Owner Rawson Timothy $65,000
Previous Owner Rawson Timothy $255,900
Previous Owner Rawson Timothy $247,000
Previous Owner Ross Matthew W $205,000
Previous Owner Ross Matthew W $155,000
Closed Ross Matthew W $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2018 02/28/18 Sold $233,000 -13.4% $88 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
10/15/2017 10/15/17 Price Changed $269,000 -6.9% $102 / Sq Ft
09/17/2017 09/17/17 For Sale $289,000 +140.8% $109 / Sq Ft
11/25/2013 11/25/13 Sold $120,000 -55.5% $45 / Sq Ft
11/04/2013 11/04/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $269,900 -- $102 / 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 $6,123 $99,295 $32,445 $66,850
2023 $5,805 $81,560 $23,420 $58,140
2022 $6,140 $81,550 $23,420 $58,140
2021 $6,114 $81,550 $23,420 $58,140
2020 $8,432 $103,810 $30,770 $73,050
2019 $8,305 $296,600 $87,900 $208,700
2018 $8,021 $103,810 $30,770 $73,050
2017 $8,418 $97,830 $21,880 $75,950
2016 $7,579 $97,830 $21,880 $75,950
2015 -- $97,830 $21,880 $75,950
2014 -- $97,830 $21,880 $75,950
Source: Public Records

Agents Affiliated with this Home

  • Michelle McQuade

    Seller's Agent in 2018

    Michelle McQuade

    Howard Hanna

    (440) 823-2448

    56 in this area

    258 Total Sales

    Section Image

  • C

    Buyer's Agent in 2018

    Courtney Gagnon

    Deleted Agent

    Section Image
  • David Sarver

    Seller's Agent in 2013

    David Sarver

    Berkshire Hathaway HomeServices Professional Realty

    (216) 214-0221

    78 Total Sales

    Section Image

  • N

    Buyer's Agent in 2013

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: MLS Now

MLS Number: 3940548

MLS Now

APN: 932-24-031

Ohio Cuyahoga County Chagrin Falls 44022

473 Somerset Dr, Chagrin Falls, OH

This home is located at 473 Somerset Dr, Chagrin Falls, OH 44022 since 17 September 2017 and is currently estimated at $452,667, approximately $171 per square foot. This property was built in 1964. 473 Somerset Dr is a home located in Cuyahoga County with nearby schools including Gurney Elementary School, Chagrin Falls Intermediate Elementary School, and Chagrin Falls 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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