NOT LISTED FOR SALE

5500 Milan Rd Sandusky, OH 44870

Estimated Value: $18,803,410

Studio
-- Bath
29,555 Sq Ft
$636/Sq Ft Est. Value

About This Home

This home is located at 5500 Milan Rd, Sandusky, OH 44870 and is currently estimated at $18,803,410, approximately $636 per square foot. 5500 Milan Rd is a home located in Erie County with nearby schools including Furry Elementary School, Meadowlawn Elementary School, and Briar Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2021
Sold by
Park Place Shopping Center Llc
Bought by
Ohio Edison Company
Current Estimated Value
$18,803,410

Purchase Details

Closed on
Nov 4, 2020
Sold by
Park Place Shopping Center Llc
Bought by
Realco Enterprises Llc

Purchase Details

Closed on
May 10, 2019
Sold by
Park Place Shopping Member Llc
Bought by
Park Place Shopping Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,875,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 21, 2016
Sold by
Mp Park Place Llc
Bought by
Park Place Shopping Member Llc and Karakoram Llc

Purchase Details

Closed on
May 31, 2014
Sold by
Park Place Enterprises Ltd
Bought by
Mp Park Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,974,727
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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

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
Ohio Edison Company -- None Available
Realco Enterprises Llc $57,500 --
Park Place Shopping Center Llc $10,500,000 None Available
Park Place Shopping Member Llc -- None Available
Mp Park Place Llc -- Stewart 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
Previous Owner Park Place Shopping Center Llc $7,875,000
Previous Owner Mp Park Place Llc $7,974,727
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
2025 $272,646 $4,185,292 $1,082,672 $3,102,620
2024 $272,532 $4,185,292 $1,082,672 $3,102,620
2023 $272,915 $3,647,405 $984,245 $2,663,160
2022 $272,574 $3,647,409 $984,245 $2,663,164
2021 $276,195 $3,647,410 $984,250 $2,663,160
2020 $257,961 $3,664,440 $984,250 $2,680,190
2019 $261,641 $3,664,440 $984,250 $2,680,190
2018 $221,499 $3,080,000 $984,250 $2,095,750
2017 $262,103 $3,672,230 $984,250 $2,687,980
2016 $284,796 $4,487,020 $987,020 $3,500,000
2015 $284,819 $4,487,020 $987,020 $3,500,000
2014 $285,330 $4,504,260 $2,751,850 $1,752,410
2013 $312,523 $5,252,510 $2,751,820 $2,500,690
Source: Public Records

Map

Ohio Erie County Sandusky 44870

5500 Milan Rd, Sandusky, OH

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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