NOT LISTED FOR SALE

501 W Pine Lake Rd Salem, OH 44460

Estimated Value: $250,149 - $269,000

3 Beds
1.5 Baths
1,960 Sq Ft
$132/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $230,000 $117 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,576/month

6 Days on Market

Highlights

  • Deck
  • No HOA
  • Porch
  • 1 Fireplace
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of November 2023

LARGE 3 Bedroom/1 & 1/2 Bath Home with 5 Stall Horse Barn, Several Outbuildings & Storage Shed on over 5 Acres of Land with Pond. Home Features Include: MASSIVE Living Room with Large Woodburning Fireplace, SPACIOUS Eat In Kitchen with tons of Counter Top Space & Cabinets PLUS Breakfast Bar Seating for 5 Stools, MASSIVE Master Bedroom with Half Bath, 2 other Large Bedrooms, Full Bath, & First Floor Laundry Room. There is a Back Sun Room that leads to the 5 Stall Horse Barn, 2 Large Outbuildings & Storage Shed. Home is a Log Home with N. Michigan 1/2 Logs & New Chambers Steel Roof on the Home & All Outbuildings. The Large Barn has electric already in place for heated water bowels. New HWT - 2021, New Metal Roofs - 2018, & New Septic - 2021. Home is being sold AS IS.

Last Agent to Sell the Property

Holly Ritchie

Keller Williams Chervenic Rlty Brokerage Email: (330) 967-4300 boardmanoffice@chervenicrealty.com License #2001021919 Listed on: 09/08/2023

Keller Williams Chervenic Rlty

Last Buyer's Agent

Scott Sentner

Brokers Realty Group License #2022004167

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,072

Year Built

  • Built in 1958

Lot Details

  • 5.21 Acre Lot
  • Lot Dimensions are 168 x 1051
  • Irregular Lot

Parking

  • 3 Car Detached Garage
  • Unpaved Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1.5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5000404000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,072

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1958
  • Attribution Contact: (330) 967-4300 boardmanoffice@chervenicrealty.com
  • ResoLotFeatures: Irregular Lot
  • Above Grade Finished Sq Ft: 1960.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: Yes
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 5.21
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, Unpaved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Salem CSD - 1508

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5000404000
  • LandLeaseYN: No
  • Lot Dimensions: 168 x 1051
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2072.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 26, 2023
Sold by
Packner Donald N and Packner Michele
Bought by
Bowman Benjamin Thomas
Seller's Agent
Holly Ritchie
Keller Williams Chervenic Rlty
Buyer's Agent
Scott Sentner
Brokers Realty Group
List Price
$259,900
Sold Price
$230,000
Premium/Discount to List
-$29,900
-11.5%
Views
91
Current Estimated Value
$256,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,391
Avg. Annual Appreciation
6.47%
Original Mortgage
$172,500
Outstanding Balance
$169,485
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$89,302

Purchase Details

Listed on
May 31, 2018
Closed on
Aug 7, 2019
Sold by
Anderson Lisa L
Bought by
Packner Donald N and Packner Michele
Seller's Agent
Linda Courtney
Towne & Suburban Realty, Inc.
Buyer's Agent
Linda Courtney
Towne & Suburban Realty, Inc.
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%

Purchase Details

Closed on
Apr 13, 2001
Sold by
Loudon Howard H and Loudon Kathryn D
Bought by
Anderson Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,950
Interest Rate
7.05%
Source: Public Records

Range of Values:

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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
Bowman Benjamin Thomas $230,000 None Listed On Document
Bowman Benjamin Thomas $230,000 None Listed On Document
Packner Donald N -- --
Anderson Lisa L $107,000 Union Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Benjamin Thomas $172,500
Closed Bowman Benjamin Thomas $172,500
Previous Owner Anderson Lisa L $90,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2023 11/14/23 Sold $230,000 -11.5% $117 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $259,900 +44.4% $133 / Sq Ft
08/08/2019 08/08/19 Sold $180,000 0.0% $92 / Sq Ft
11/27/2018 11/27/18 Off Market $180,000 -- --
11/27/2018 11/27/18 Pending -- -- --
11/24/2018 11/24/18 For Sale $189,000 0.0% $96 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
11/11/2018 11/11/18 For Sale $189,000 0.0% $96 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
08/28/2018 08/28/18 Price Changed $189,000 -2.6% $96 / Sq Ft
07/22/2018 07/22/18 For Sale $194,000 +7.8% $99 / Sq Ft
07/12/2018 07/12/18 Off Market $180,000 -- --
05/31/2018 05/31/18 For Sale $194,000 -- $99 / 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 $2,586 $61,750 $18,730 $43,020
2023 $2,210 $61,750 $18,730 $43,020
2022 $2,072 $61,750 $18,730 $43,020
2021 $1,725 $49,670 $17,470 $32,200
2020 $1,739 $49,670 $17,470 $32,200
2019 $2,181 $50,790 $17,470 $33,320
2018 $2,056 $46,170 $15,890 $30,280
2017 $2,055 $46,170 $15,890 $30,280
2016 $2,053 $45,920 $15,400 $30,520
2015 $2,078 $45,920 $15,400 $30,520
2014 $2,014 $45,820 $15,400 $30,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4488455

MLS Now

APN: 5000404000