NOT LISTED FOR SALE

531 Covington Ln Unit 531 Chagrin Falls, OH 44023

Estimated Value: $397,000 - $467,000

3 Beds
2 Baths
2,139 Sq Ft
$536/mo HOA Fee

Last Sold December 22, 2023

Last sale price $405,000 $189 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,235/month

2 Days on Market

Highlights

  • Views of Trees
  • 1 Fireplace
  • Porch
  • Timmons Elementary School Rated A
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of December 2023

Absolutely pristine Woods of Auburn Lakes freestanding condo on the outer loop of Covington Lane. Abutting a tranquil former golf course, this immaculate and fully updated 2-3 bedroom home is perfect for the low-maintenance lifestyle you've worked so hard for. With miles of paved walking paths, a community pool, and picnic gazebo overlooking numerous lakes, this is the carefree life you've dreamed about. The neutral, bright, and clean colors of this home leave you with little to do but unpack. A generous master suite and master bath are flooded with light and includes garden tub, updated tile shower, full-length vanity, and walk-in closet. Cathedral ceilings in the great room abut a remarkable eat-in kitchen with newer cabinets, lighting, and granite countertops. Third bedroom is currently set up as a library/study with built-in cabinetry and shelves. Semi-formal dining room, first-floor laundry, full 13-course basement, newer roof, a/c and hot water tank, Gas fireplace for the cold months, and a deck and patio overlooking a private, wooded back yard.

Last Agent to Sell the Property

Lee Jarocki

Platinum Real Estate Brokerage Email: leejarocki@yahoo.com (440) 728-6640 License #413295 Listed on: 11/03/2023

Platinum Real Estate

Last Buyer's Agent

Michelle McQuade

Howard Hanna License #2013003551

Howard Hanna

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,292

Year Built

  • Built in 2001

Lot Details

  • 10,454

HOA Fees

  • $536 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,139 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Views of Trees
  • Laundry in unit
  • Unfinished Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 01-118551

Community Details

Overview

  • Association fees include management, ground maintenance, reserve fund, snow removal

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,292

Year Built

Built in 2001

Lot Details

0

HOA Fees

$536 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Year Built: 2001
  • Attribution Contact: leejarocki@yahoo.com (440) 728-6640
  • ResoPoolFeatures: Community
  • Reso View: Trees/Woods
  • Reso Association Fee Includes: Association Management, Maintenance Grounds, Reserve Fund, Snow Removal
  • Above Grade Finished Sq Ft: 2139.0
  • Reso Accessibility Features: None
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Fireplaces: 1
  • Basement: Unfinished
  • Basement: Yes
  • Appliances: Dishwasher, Microwave, Water Softener
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • View: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Drain, Electricity, Garage, Garage Door Opener, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association #2 Fee: 536.0
  • Association #2 Fee Frequency: Monthly
  • Association: No

Schools

  • Junior High Dist: Kenston LSD - 2804

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 01-118551
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Rental Info

  • PetsAllowed: Yes

Tax Info

  • Tax Annual Amount: 5292.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Dec 18, 2023
Sold by
Mayo Diane and Mayo Lee J
Bought by
Hofer Timothy and Hofer Kristin
Seller's Agent
Lee Jarocki
Platinum Real Estate
Buyer's Agent
Michelle McQuade
Howard Hanna
List Price
$368,000
Sold Price
$405,000
Premium/Discount to List
$37,000
10.05%
Views
78
Current Estimated Value
$423,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,581
Avg. Annual Appreciation
2.45%
Original Mortgage
$205,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2015
Closed on
Dec 21, 2015
Sold by
Kneier George E and Kneier Andrea A
Bought by
Mayo Diane
Seller's Agent
Leonard Immormino
Deleted Agent
Buyer's Agent
Annalie Glazen
Berkshire Hathaway HomeServices Professional Realty
List Price
$269,000
Sold Price
$254,000
Premium/Discount to List
-$15,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$203,200
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2005
Sold by
Burker Brenda K
Bought by
Karpinen Jack R and Karpinen Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2001
Sold by
Pulte Homes Of Ohio Corp
Bought by
Barker Gary G and Barker Brenda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.43%
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
Hofer Timothy -- None Listed On Document
Hofer Timothy -- None Listed On Document
Mayo Diane $254,000 Attorney
Karpinen Jack R $310,000 None Available
Barker Gary G $276,000 Pulte Title Agency Llc
Pulte Homes Of Ohio $41,200 Midland Title Security Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hofer Timothy $205,000
Previous Owner Mayo Diane $203,200
Previous Owner Karpinen Jack R $160,000
Previous Owner Barker Gary G $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $405,000 +10.1% $189 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $368,000 +44.9% $172 / Sq Ft
12/22/2015 12/22/15 Sold $254,000 -5.6% $119 / Sq Ft View Prior Sale
11/17/2015 11/17/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $269,000 -- $126 / 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 $5,654 $117,150 $17,500 $99,650
2023 $5,654 $117,150 $17,500 $99,650
2022 $5,292 $92,090 $14,000 $78,090
2021 $5,311 $92,090 $14,000 $78,090
2020 $5,463 $92,090 $14,000 $78,090
2019 $502 $80,190 $14,000 $66,190
2018 $5,021 $80,190 $14,000 $66,190
2017 $5,022 $80,190 $14,000 $66,190
2016 $4,926 $77,250 $15,400 $61,850
2015 $4,600 $77,250 $15,400 $61,850
2014 $4,600 $77,250 $15,400 $61,850
2013 $5,090 $87,780 $17,500 $70,280
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lee Jarocki

    Platinum Real Estate

    53 Total Sales

    Lee Jarocki
    Section Image
  • Michelle McQuade

    Buyer's Agent in 2023

    Michelle McQuade

    Howard Hanna

    (440) 823-2448

    252 Total Sales

    Michelle McQuade
    Section Image

  • L

    Seller's Agent in 2015

    Leonard Immormino

    Deleted Agent

    Section Image
  • Annalie Glazen

    Buyer's Agent in 2015

    Annalie Glazen

    Berkshire Hathaway HomeServices Professional Realty

    (216) 544-8769

    283 Total Sales

    Annalie Glazen
    Section Image
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Map

Source: MLS Now

MLS Number: 4502063

MLS Now

APN: 01-118551

Ohio Geauga County Chagrin Falls 44023

531 Covington Ln Unit 531, Chagrin Falls, OH

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