NOT LISTED FOR SALE

5029 E Lake Rd Sheffield Lake, OH 44054

Estimated Value: $549,000 - $795,000

3 Beds
2.5 Baths
2,754 Sq Ft
$249/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $400,000 $145 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,575/month

2 Days on Market

Highlights

  • Lake Front
  • Colonial Architecture
  • Wooded Lot
  • 0.6 Acre Lot
  • Deck
  • 2 Fireplaces

About This Home

As of August 2017

Direct lakefront. Wonderful waterfront opportunity on spectacular deep lot. Beautiful professionally updated colonial with redone in the last few years. Bright and open. Tasteful neutral color palette. Open floor plan with great flow. Living room with wood burning fireplace/gas starter opens through double doors to the deep lakefront lot. New flooring throughout. Walls, woodwork and doors redone. 2015 kitchen with new granite counters and subway tile back splash. Abundant cabinetry and stainless appliances. New powder room on 1st. Large covered stamped concrete patio. Simply fabulous outdoor space...and the swing set stays. Plenty of yard to enjoy any activity while taking in the incredible view. Three generous bedrooms and new full baths on 2nd. Master with wood burner/gas starter. Finished lower level recreation room. Loads of additional storage. If you've been searching for just that "right size" lakefront (not overwhelming or over-priced) this is your home. Literally nothing to do. Freshly professionally painted. New siding. Roof replaced in 2014. Furnace and c/air less than 5 years. 2 car attached garage. Comfortable set-back from Lake Road. A rare find on the waterfront.

Last Agent to Sell the Property

Lou Barbee

RE/MAX Real Estate Group License #388374 Listed on: 06/25/2017

RE/MAX Real Estate Group

Last Buyer's Agent

Anne Marie Peacock

RE/MAX Crossroads Properties License #2005007376

RE/MAX Crossroads Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,865

Year Built

  • Built in 1978

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 75x400
  • Lake Front
  • South Facing Home
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 03-00-035-101-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,865

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 217.86
  • Estimated Price per Sq Ft: 217.86
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1836
  • Year Built: 1978
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Range, Refrigerator, Security System, Smoke Detector, Washer
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 7
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 1836.00
  • Sq Ft Approx Below Grade Finished: 918.00
  • Sq Ft Approx Total Finished: 2754.00

Exterior Features

  • View: Lake Erie
  • Exterior: Vinyl, Wood
  • Exterior Features: Deck, Storage Shed/Out Bld
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Fireplace-Gas, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Sheffield-Sheffield

Lot Info

  • Lot Dimensions: 75X400
  • Lot Description: Lake Erie Front, Lake Front, Waterfront, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.6000
  • Parcel Number: 03-00-035-101-004

Tax Info

  • Tax: 7865

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Wesley Frances K
Bought by
Wesley Frances K and Frances K Wesley Trust
Current Estimated Value
$686,652

Purchase Details

Closed on
Nov 29, 2018
Sold by
Bacci John V
Bought by
Wesley Frances K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$317,551
Interest Rate
3.59%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$369,101

Purchase Details

Listed on
Jun 25, 2017
Closed on
Aug 9, 2017
Sold by
Beno Robert W and Beno Sara A
Bought by
Bacci John V and Wesley Frances K
Seller's Agent
Lou Barbee
RE/MAX Real Estate Group
Buyer's Agent
Anne Marie Peacock
RE/MAX Crossroads Properties
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$320,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2005
Sold by
Mahon Lawrence W and Mahon Susan J
Bought by
Beno Robert W and Beno Sara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wesley Frances K -- None Available
Wesley Frances K $210,000 None Available
Bacci John V $400,000 Cleveland Home Title
Beno Robert W $315,000 North Point Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wesley Frances K $370,000
Previous Owner Bacci John V $320,000
Previous Owner Beno Robert W $299,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $400,000 0.0% $145 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
06/25/2017 06/25/17 For Sale $400,000 -- $145 / 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 $11,684 $224,438 $127,292 $97,146
2023 $8,732 $147,466 $76,349 $71,117
2022 $8,649 $147,466 $76,349 $71,117
2021 $8,700 $147,466 $76,349 $71,117
2020 $8,350 $129,470 $67,030 $62,440
2019 $8,301 $129,470 $67,030 $62,440
2018 $8,225 $127,650 $67,030 $60,620
2017 $7,793 $110,390 $64,180 $46,210
2016 $7,865 $110,390 $64,180 $46,210
2015 $7,688 $109,310 $64,180 $45,130
2014 $6,626 $101,680 $59,700 $41,980
2013 $6,518 $102,650 $59,700 $42,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3916669

MLS Now

APN: 03-00-035-101-004