NOT LISTED FOR SALE

Estimated Value: $739,000 - $973,000

3 Beds
3.5 Baths
3,397 Sq Ft
$250/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $557,500 $164 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,808/month

73 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Deck
  • Fitness Center
  • Colonial Architecture
  • 2 Fireplaces

About This Home

As of October 2020

Living the dream! You will not want to leave! Gorgeous Shoreby Drive home overlooking Newport Harbor. Everything you need right here with the Club a short walk away. Stunning home inside & out. Walk-out lower level. Private gated community. Shoreby Club offers a lakefront pool, exercise facility, casual and formal dining. There are private docks available for sale as well if you would like the convenience of docking your boat at your door. Bratenahl is just minutes from shopping, restaurants, downtown night-life, University Circle, CWRU, University Hospitals, Cleveland Clinic, CSU, Botanical Gardens, Little Italy, & so much more! Bratenahl is extremely pet friendly, with miles of safe, well-lit walking paths along Lakeshore.

Last Agent to Sell the Property

Linda Musarra

Deleted Agent License #330124 Listed on: 07/04/2020

Last Buyer's Agent

Brian Cantrall

Chestnut Hill Realty, Inc. License #2008001927

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 3,393 Sq Ft Lot
  • Lake Front

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Property Attached
  • Fiberglass Roof
  • Asphalt Roof
  • Cedar Siding
  • Cedar

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Water Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deck
  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 631-07-026

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, reserve fund, snow removal, trash
  • Bingham Homes Of Newport Association
  • Newport Bingham Subdivision

Recreation

  • Fitness Center
  • Community Pool
  • Park

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

HOA Fees

$675 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Townhouse
  • Year Built: 1991
  • Road Frontage Type: Lakefront
  • ResoLotFeatures: Lake Erie Front, Lake Front
  • ResoPoolFeatures: In Ground, Community
  • Reso View: Lake, Water
  • ResoSecurityFeatures: Security System
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Other, Reserve Fund, Snow Removal, Trash
  • Subdivision Name: Newport Bingham
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Property Sub Type Additional: Townhouse,Single Family Residence
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Full, Finished, Walk-Out Access
  • Basement: Yes
  • Appliances: Built-In Oven, Dryer, Dishwasher, Humidifier, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: Other
  • Acres: 0.0779
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Cedar
  • Patio And Porch Features: Deck, Enclosed, Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fitness Center, Fitness, Other, Park, Pool
  • Association Fee: 675.0
  • Association Fee Frequency: Monthly
  • Association Name: Bingham Homes of Newport
  • Association: Yes

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 631-07-026
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19201.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2020
Closed on
Oct 13, 2020
Sold by
Schlachet Loren J
Bought by
Semarjian Austin C
Seller's Agent
Linda Musarra
Deleted Agent
Buyer's Agent
Brian Cantrall
Chestnut Hill Realty, Inc.
List Price
$649,000
Sold Price
$557,500
Premium/Discount to List
-$91,500
-14.1%
Current Estimated Value
$865,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,498
Avg. Annual Appreciation
8.70%
Original Mortgage
$390,250
Outstanding Balance
$353,547
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$481,275

Purchase Details

Closed on
Sep 25, 2017
Sold by
Schlchet Loren J
Bought by
Schlchet Loren J and Loren J Schlachet Living Trust

Purchase Details

Closed on
Sep 27, 2005
Sold by
Farris Louis N and Farris Corinne R
Bought by
Schlachet Loren J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,800
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2002
Sold by
Port Lawrence Title & Trust Company
Bought by
Farris Louis N and Farris Louis N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 10, 1992
Bought by
The Port Lawrence Title

Purchase Details

Closed on
Jan 1, 1991
Bought by
Williamsburg Homes Inc
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Semarjian Austin C $557,500 Northstar Title Agency
Schlchet Loren J -- None Available
Schlachet Loren J $600,000 Land Title Agency
Farris Louis N -- --
The Port Lawrence Title $420,500 --
Williamsburg Homes Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Semarjian Austin C $390,250
Previous Owner Schlachet Loren J $495,000
Previous Owner Schlachet Loren J $388,000
Previous Owner Schlachet Loren J $417,000
Previous Owner Schlachet Loren J $526,800
Previous Owner Farris Louis N $472,000
Previous Owner Farris Louis N $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $557,500 -5.5% $164 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $590,000 -4.1% $174 / Sq Ft
08/16/2020 08/16/20 Price Changed $615,000 -5.2% $181 / Sq Ft
07/04/2020 07/04/20 For Sale $649,000 -- $191 / 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 $16,980 $267,750 $26,355 $241,395
2023 $14,653 $195,130 $52,400 $142,730
2022 $14,560 $195,130 $52,400 $142,730
2021 $14,619 $195,130 $52,400 $142,730
2020 $20,733 $231,530 $52,400 $179,130
2019 $19,201 $661,500 $149,700 $511,800
2018 $19,140 $231,530 $52,400 $179,130
2017 $18,172 $215,120 $52,680 $162,440
2016 $18,017 $215,120 $52,680 $162,440
2015 $18,287 $215,120 $52,680 $162,440
2014 $18,287 $215,120 $52,680 $162,440
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4202617

MLS Now

APN: 631-07-026