NOT LISTED FOR SALE

4855 E Lake Rd Sheffield Lake, OH 44054

Estimated Value: $921,000 - $1,205,000

10 Beds
5.5 Baths
6,532 Sq Ft
$165/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $749,900 $115 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $7,290/month

407 Days on Market

Highlights

  • Lake Front
  • Lake Privileges
  • Deck
  • 0.67 Acre Lot
  • Colonial Architecture
  • 1-minute walk to Shell Cove Park

About This Home

As of May 2021

Originally designed to be a Group Assisted Living Home. Seller will consider Owner Financing Options. 4855 E. Lake Rd. Sheffield Ohio is a Lake Erie waterfront property offering incredible options. A turn key AirBnb, bed & breakfast, or Assisted Living Home would be served ideally with the full turn around drive leading the central arrival area greeted by a large double door entry with access to 1st & 2nd floors with the over-sized grand stairway & Elevator centrally located within the home. 10 large bedrooms each with standard closets, currently furnished and move in ready with no modifications needed. 5 and a half baths and an elevator makes this property one of a kind. Incredible sweeping backyard with stunning views and solid seawall offer the possibility to easily modify the 10 bedroom configuration to a standard home with incredible master suite overlooking the Lake Erie views. Private pre-qualified showings by appointment only.

Last Agent to Sell the Property

Betty Higgins

Keller Williams Citywide License #2004019824 Listed on: 01/27/2020

Keller Williams Citywide

Co-Listed By

Chris Higgins

Keller Williams Citywide License #2001004219

Last Buyer's Agent

Kelly Wilms

The Sweda Group, LLC. License #2017001701

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,186

Year Built

  • Built in 2001

Lot Details

  • 0.67 Acre Lot
  • Lake Front
  • South Facing Home

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Lake Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Drain
  • Garage Door Opener

Outdoor Features

  • Lake Privileges
  • Deck
  • Patio
  • Porch

Utilities

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

Community Details

  • Sheffield Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-036-101-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,186

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 160.51
  • Estimated Price per Sq Ft: 160.51
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 4672
  • Year Built: 2001
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2001

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Wall Oven, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Total Bedrooms: 10
  • Bedrooms on Main Level: 2
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 11
  • Basement Detail: Full
  • Laundry On Main: 1
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 4672.00
  • Sq Ft Approx Below Grade Finished: 1860.00
  • Sq Ft Approx Total Finished: 6532.00

Exterior Features

  • View: Lake Erie
  • Exterior: Stone, Vinyl
  • Exterior Features: Deck, Patio, Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Door Opener, Drain, 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: Sheffield

Schools

  • School District: Sheffield-Sheffield

Lot Info

  • Lot Description: Lake Erie Front, Lake Front, Lake Privileges/Acce, Waterfront
  • Lot Size Units: Acres
  • Acres: 0.6700
  • Parcel Number: 03-00-036-101-005

Tax Info

  • Tax: 14186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
May 23, 2021
Sold by
Kolleda James
Bought by
Valenti Estates Llc
Seller's Agent
Betty Higgins
Keller Williams Citywide
Buyer's Agent
Kelly Wilms
The Sweda Group, LLC.
List Price
$749,900
Sold Price
$749,900
Current Estimated Value
$1,080,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,209
Avg. Annual Appreciation
8.35%
Original Mortgage
$600,000
Outstanding Balance
$542,900
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$537,209

Purchase Details

Closed on
Apr 26, 2001
Sold by
Pilla Anthony M
Bought by
Kolleda James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valenti Estates Llc $749,900 City Title Company
Kolleda James $270,000 Resource Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valenti Estates Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $749,900 0.0% $115 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
01/27/2020 01/27/20 For Sale $749,900 -- $115 / 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 $19,499 $365,589 $201,422 $164,168
2023 $14,860 $244,909 $102,809 $142,100
2022 $14,722 $244,909 $102,809 $142,100
2021 $13,935 $244,909 $102,809 $142,100
2020 $14,211 $215,020 $90,260 $124,760
2019 $14,130 $215,020 $90,260 $124,760
2018 $14,186 $215,020 $90,260 $124,760
2017 $12,946 $159,200 $67,630 $91,570
2016 $13,037 $159,200 $67,630 $91,570
2015 $12,853 $159,200 $67,630 $91,570
2014 $11,791 $159,200 $67,630 $91,570
2013 $11,672 $159,200 $67,630 $91,570
Source: Public Records

Agents Affiliated with this Home

  • Betty Higgins

    Seller's Agent in 2021

    Betty Higgins

    Keller Williams Citywide

    (440) 452-5098

    8 in this area

    177 Total Sales

    Betty Higgins
    Section Image
  • Chris Higgins

    Seller Co-Listing Agent in 2021

    Chris Higgins

    Keller Williams Citywide

    (440) 452-5098

    8 in this area

    164 Total Sales

    Chris Higgins
    Section Image

  • K

    Buyer's Agent in 2021

    Kelly Wilms

    The Sweda Group, LLC.

    (440) 315-5553

    1 in this area

    7 Total Sales

    Kelly Wilms
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4163713

MLS Now

APN: 03-00-036-101-005

Ohio Lorain County Sheffield Lake 44054

4855 E Lake Rd, Sheffield Lake, OH

Not Listed for Sale

Detached

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