NOT LISTED FOR SALE

511 Silver Lake Dr Chagrin Falls, OH 44022

Estimated Value: $890,000 - $1,043,000

5 Beds
4.5 Baths
5,800 Sq Ft
$170/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2022

Last sale price $825,000 $142 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,877 / mo

27 Days on Market

Highlights

  • New Construction
  • Contemporary Architecture
  • Community Pool
  • Moreland Hills Elementary School Rated A
  • 1 Fireplace
  • Tennis Courts

About This Home

As of December 2022

MOVE IN READY TODAY NEW CONSTRUCTION. Tour this ultimate exquisitely designed NEW CONSTRUCTION MOVE-IN READY luxury custom built beautiful home! Exceptional beauty & glamour in this meticulously designed crown jewel of highly coveted “Lakes of Orange” community. The dramatic 2 story foyer and warmth of this gem will encompass you. Built 2022 , this home is elegant & spacious. 5 bedrooms, 4.5 baths, nearly 6,000 sq ft. Basement features 2200 finished sq ft WALK-OUT, leads to the landscape/patio your imagination desires. Sitelines, flow, & natural light are unmatched. 1st floor master retreat en-suite, you’ll be in the lap of luxury. Boasting incredible open concept, extraordinary chef-inspired kitchen, complete panoramic view, top line cabinetry, stainless steel appliances, quartz countertops, and built in prewiring smart home/entertainment/media system. Don’t miss your chance to call 511 Silver Lake Dr “HOME”.

Last Agent to Sell the Property

Mike Wold

RE/MAX Revealty License #2022001411 Listed on: 10/07/2022

RE/MAX Revealty

Last Buyer's Agent

Kristin Hartman

Berkshire Hathaway HomeServices Professional Realty License #2016003448

Berkshire Hathaway HomeServices Professional Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,000

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 14,375 Sq Ft Lot
  • West Facing Home

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Sound System
  • 1 Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 901-08-193

Community Details

Overview

  • Association fees include recreation
  • Lakes/Orange Ph 5 Community

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,000

Year Built

Built in 2022 | New Construction

Lot Details

0.33 Acres

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Contemporary/Modern
  • House Faces: West
  • Price Per Square Foot: 229.17
  • Estimated Price per Sq Ft: 229.17
  • Year Built Exception: New Construction
  • Num Of Stories: 3.00
  • Total Sq Ft: 3600
  • Year Built: 2022
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2022

Interior Features

  • Appliances Equipment: Audio System, CO Detector, Cooktop, Dishwasher, Range, Wall Oven
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 15
  • Basement Detail: Finished, Full, Walk-Out
  • Laundry On Main: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 3600.00
  • Sq Ft Approx Below Grade Finished: 2200.00
  • Sq Ft Approx Total Finished: 5800.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities: Common Facility, Playground, Pool, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 175.00
  • HOA Fee Frequency: Monthly
  • Hoa Name: Lakes of Orange
  • Subdivision Complex: Lakes/Orange Ph 5

Fee Information

  • HOA Fee Includes: Recreation

Schools

  • School District: Orange CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.3300
  • Parcel Number: 901-08-193
  • LandLeaseYN: No

Tax Info

  • Tax: 12000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Dec 5, 2022
Sold by
Purohit Maulik P and Purohit Hetalben
Bought by
Arora Rakesh Christopher and Arora Barbara
Seller's Agent
Mike Wold
RE/MAX Revealty
Buyer's Agent
Kristin Hartman
Berkshire Hathaway HomeServices Professional Realty
List Price
$891,000
Sold Price
$825,000
Premium/Discount to List
-$66,000
-7.41%
Views
44
Current Estimated Value
$985,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,276
Avg. Annual Appreciation
5.23%
Original Mortgage
$825,000
Outstanding Balance
$798,054
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$187,222

Purchase Details

Closed on
Oct 6, 2022
Sold by
Pulte Homes Of Ohio Llc
Bought by
Purohit Maulik P and Purohit H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$798,054
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$187,222

Purchase Details

Closed on
Mar 1, 2022
Sold by
Lakes Of Orange Llc
Bought by
Pulte Homes Of Ohio Llc
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Arora Rakesh Christopher $825,000 Title Professionals Group
Arora Rakesh Christopher $825,000 Title Professionals Group
Purohit Maulik P $784,115 Pgp Title
Pulte Homes Of Ohio Llc $480,000 Guardian Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Arora Rakesh Christopher $825,000
Closed Arora Rakesh Christopher $825,000
Previous Owner Purohit Maulik P $705,703
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2022 12/08/22 Sold $825,000 0.0% $142 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
10/25/2022 10/25/22 Price Changed $824,900 -2.9% $142 / Sq Ft
10/13/2022 10/13/22 Price Changed $849,900 -4.6% $147 / Sq Ft
10/07/2022 10/07/22 For Sale $891,000 -- $154 / Sq Ft
Source: MLS Now

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
2025 $16,310 $294,945 $45,045 $249,900
2024 $15,983 $288,750 $45,045 $243,705
2023 $18,949 $288,750 $27,580 $261,170
2022 $2,033 $27,580 $27,580 $0
2021 $2,072 $27,580 $27,580 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Wold

    Seller's Agent in 2022

    Mike Wold

    RE/MAX Revealty

    (216) 789-9110

    31 in this area

    201 Total Sales

    Mike Wold
    Section Image
  • Kristin Hartman

    Buyer's Agent in 2022

    Kristin Hartman

    Berkshire Hathaway HomeServices Professional Realty

    (216) 235-4658

    1 in this area

    83 Total Sales

    Kristin Hartman
    Section Image
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Map

Source: MLS Now

MLS Number: 4414357

MLS Now

APN: 901-08-202

Ohio Cuyahoga County Chagrin Falls 44022

511 Silver Lake Dr, Chagrin Falls, OH

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