NOT LISTED FOR SALE

525 Covington Ln Unit 5250 Chagrin Falls, OH 44023

Estimated Value: $549,000 - $657,000

4 Beds
3.5 Baths
5,377 Sq Ft
$110/Sq Ft Est. Value

Last Sold December 20, 2018

Last sale price $387,500 $72 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,452/month

125 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • Wooded Lot
  • Timmons Elementary School Rated A
  • Deck
  • 2 Fireplaces

About This Home

As of December 2018

This updated free standing condo features 4 Bedrooms & 3.5 Baths on a quiet cul de sac with a 5th Bedroom in the Lower Level as well as an open 27 x 20 Recreation Room, a workout area & a full Bath that has a walk in shower w/ a pebble tile floor. In 2013 & 2014 nothing was left undone & the high end finishes throughout are fantastic. Soaring ceilings on first with a stunning floor to ceiling fireplace & windows in the Great Room which has an open dual staircase leading into a gorgeous white Kitchen with granite large island, double ovens, convection microwave, fireplace & sliders to a deck with a private wooded view. The Master Suite is on the 1st floor & has cork flooring, a vaulted ceiling, French doors to the backyard & an incredible marble double shower & shower heads, granite sinks & counters, & a huge walk in closet. Exceptional for entertaining with the open floor plan & a great bar between the Kitchen & the Dining Room. There is a first floor Laundry Room at the garage entry & 1st Floor Guest Bath too. The amenities include a pool, tennis courts, boccie ball court, playground, walking paths & a gazebo w/gas grills. Just a great community to call home!

Last Agent to Sell the Property

Patricia Bourne

EXP Realty, LLC. License #441986 Listed on: 07/18/2018

EXP Realty, LLC.

Last Buyer's Agent

Ed Scolnick

Deleted Agent License #2002003879

Deleted Agent

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,559

Year Built

  • Built in 2000

Lot Details

  • 0.42 Acre Lot
  • Cul-De-Sac
  • Northwest Facing Home
  • Wooded Lot

HOA Fees

  • $646 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Views of Woods
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Drain
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 01-118518

Community Details

Overview

  • Association fees include insurance, exterior building, landscaping, property management, recreation, security staff, snow removal, trash removal, water
  • Woods At Auburn Lakes Community

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,559

Year Built

Built in 2000

Lot Details

0

HOA Fees

$646 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: Northwest
  • Price Per Square Foot: 120.49
  • Estimated Price per Sq Ft: 120.49
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3216
  • Year Built: 2000
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2000

Interior Features

  • Appliances Equipment: Cooktop, Dishwasher, Garbage Disposal, Microwave, Wall Oven, Refrigerator, Smoke Detector
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 13
  • Basement Detail: Finished, Full
  • Sq Ft Approx Above Grade Finished: 3216.00
  • Sq Ft Approx Below Grade Finished: 2161.00
  • Sq Ft Approx Total Finished: 5377.00

Exterior Features

  • View: Wooded
  • Exterior: Brick, Vinyl
  • Exterior Features: Deck
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities: Playground, Pool, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 646.00
  • HOA Fee Frequency: Monthly
  • Hoa Name: Woods of Auburn Lakes
  • Subdivision Complex: Woods At Auburn Lakes

Fee Information

  • HOA Fee Includes: Association Insurance, Exterior Building, Landscaping, Property Management, Recreation, Security Staff, Snow Removal, Trash Removal, Water

Schools

  • School District: Kenston LSD

Lot Info

  • Lot Description: Cul de Sac, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.4200
  • Parcel Number: 01-118518

Rental Info

  • PetsAllowed: Yes

Tax Info

  • Tax: 7559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Dec 19, 2018
Sold by
Licursi Robert A and Licursi Lisa M
Bought by
Mckelvey Karen L
Seller's Agent
Patricia Bourne
EXP Realty, LLC.
Buyer's Agent
Ed Scolnick
Deleted Agent
List Price
$450,000
Sold Price
$387,500
Premium/Discount to List
-$62,500
-13.89%
Current Estimated Value
$590,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,147
Avg. Annual Appreciation
6.34%
Original Mortgage
$287,500
Outstanding Balance
$253,799
Interest Rate
4.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$336,848

Purchase Details

Closed on
Oct 28, 2013
Sold by
Lafrance Joy M
Bought by
Licursi Robert A and Licursi Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2000
Sold by
Pulte Homes Of Ohio Corp
Bought by
Lafrance Joy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.87%

Purchase Details

Closed on
Sep 21, 2000
Sold by
Auburn Lakes Ltd Partnership
Bought by
Pulte Homes Of Ohio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.87%
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
Mckelvey Karen L $387,500 Revere Title
Licursi Robert A $400,000 Attorney
Lafrance Joy M $325,600 Pulte Title Agency Llc
Pulte Homes Of Ohio $40,000 Midland Title Security Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckelvey Karen L $287,500
Previous Owner Licursi Robert A $360,000
Previous Owner Lafrance Joy M $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2018 12/20/18 Sold $387,500 -3.1% $72 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
10/11/2018 10/11/18 Price Changed $400,000 -3.6% $74 / Sq Ft
09/17/2018 09/17/18 Price Changed $415,000 -2.4% $77 / Sq Ft
08/22/2018 08/22/18 Price Changed $425,000 -2.3% $79 / Sq Ft
08/11/2018 08/11/18 Price Changed $435,000 -3.3% $81 / Sq Ft
07/27/2018 07/27/18 For Sale $450,000 +16.1% $84 / Sq Ft
07/23/2018 07/23/18 Off Market $387,500 -- --
07/18/2018 07/18/18 For Sale $450,000 -- $84 / 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 $8,391 $173,850 $17,500 $156,350
2023 $8,391 $173,850 $17,500 $156,350
2022 $7,843 $136,470 $14,000 $122,470
2021 $7,871 $136,470 $14,000 $122,470
2020 $8,290 $136,470 $14,000 $122,470
2019 $852 $117,780 $14,000 $103,780
2018 $3,778 $117,780 $14,000 $103,780
2017 $8,523 $117,780 $14,000 $103,780
2016 $6,501 $99,440 $15,400 $84,040
2015 $5,763 $99,440 $15,400 $84,040
2014 $5,763 $99,440 $15,400 $84,040
2013 $6,370 $112,980 $17,500 $95,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4018549

MLS Now

APN: 01-118518