NOT LISTED FOR SALE

5510 Ridge Ln Solon, OH 44139

Estimated Value: $545,612 - $650,000

5 Beds
3.5 Baths
3,952 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $403,000 $102 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,899/month

199 Days on Market

Highlights

  • Medical Services
  • Colonial Architecture
  • 1 Fireplace
  • Dorothy E Lewis Elementary School Rated A+
  • Wooded Lot
  • Enclosed Patio or Porch

About This Home

As of May 2019

Wonderful North Solon location! Well constructed, beautifully maintained center hall colonial with a 1000 sq ft addition in 1990. Brick façade. Flexibility on the first floor: 3 extra rooms and 1-1/2 baths, so if you need a bedroom on the first floor there is a lst floor full bath, if you prefer a library, second sitting area, office, it's there also. The 2016/2018 updated Cook’s kitchen with granite countertops, backsplash and newer SS appliances, new range hood that is vented to the outside & water purifier added, opens to the family room. Master suite benefits from the addition with a huge Jacuzzi tub, dual sinks, dressing area and a loft area that can be used as a meditation or exercise room. 3 more bedrooms share an updated full bath. Finished basement. Carpet replaced 2016. Private back yard with patio, swing set and shed. Extra wide concrete driveway easily enough for 3 cars across. Recent improvements include: attic ridge vent, 13 new windows, water heater, bathroom exhaust and much more. Close to shopping, restaurants and freeways.

Last Agent to Sell the Property

Jenny Chin

Howard Hanna License #307055 Listed on: 09/04/2018

Howard Hanna

Last Buyer's Agent

Teresa Slowey Whitham

Howard Hanna License #2014004926

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,297

Year Built

  • Built in 1980

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 90x180
  • East Facing Home
  • Sprinkler System
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 3,952 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 951-39-027

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,297

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: East
  • Price Per Square Foot: 101.97
  • Estimated Price per Sq Ft: 101.97
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 3952
  • Year Built: 1980
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Humidifier, Microwave, Range, Refrigerator, Security System, Smoke Detector, Washer
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 13
  • Basement Detail: Finished
  • Sq Ft Approx Above Grade Finished: 3952.00
  • Sq Ft Approx Total Finished: 3952.00

Exterior Features

  • Exterior: Aluminum, Brick
  • Exterior Features: Enclosed Patio/Porch, Patio, Porch, Sprinkler/Irrigation
  • 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: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Medical Service, Park, Shopping/Mall

Schools

  • School District: Solon CSD

Lot Info

  • Lot Dimensions: 90x180
  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.3719
  • Parcel Number: 951-39-027

Tax Info

  • Tax: 8297

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
May 2, 2019
Sold by
Liu Xiang and Hu Ying
Bought by
Margaliano Kelli M and Margaliano Benjamin D
Seller's Agent
Jenny Chin
Howard Hanna
Buyer's Agent
Teresa Slowey Whitham
Howard Hanna
List Price
$450,000
Sold Price
$403,000
Premium/Discount to List
-$47,000
-10.44%
Current Estimated Value
$601,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,192
Avg. Annual Appreciation
6.07%
Original Mortgage
$306,550
Outstanding Balance
$269,519
Interest Rate
4.2%
Mortgage Type
VA
Estimated Equity
$329,634

Purchase Details

Listed on
Jan 16, 2017
Closed on
Mar 2, 2017
Sold by
Hing Yung Luy and Hing Barbara Lim
Bought by
Liu Xiang and Hu Ying
Seller's Agent
Jenny Chin
Howard Hanna
Buyer's Agent
Jenny Chin
Howard Hanna
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.57%
Original Mortgage
$290,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2010
Sold by
Hing Barbara Lim and Hing Yung Luy
Bought by
Hing Yung Luy and Hing Barbara Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2004
Sold by
Hing Yung Luy Ray and Hing Barbara Lim
Bought by
Hing Yung Luy Ray and Hing Barbara Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2000
Sold by
Hing Yung Luy R and Barbara Hing Dee Hong
Bought by
Hing Yung Luy Ray and Hing Barbara Lim

Purchase Details

Closed on
Jun 11, 1985
Sold by
Hing Yung-Luy
Bought by
Hing Yung-Luy R

Purchase Details

Closed on
Sep 14, 1984
Sold by
John W Partridge
Bought by
Hing Yung-Luy

Purchase Details

Closed on
Sep 16, 1982
Sold by
Partridge Beverly A
Bought by
John W Partridge

Purchase Details

Closed on
Jul 10, 1980
Bought by
Partridge Beverly A

Purchase Details

Closed on
Feb 21, 1980
Bought by
Ceko Construction Inc

Purchase Details

Closed on
Jan 1, 1978
Bought by
Eastern Electric Co Inc
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

Date Buyer Sale Price Title Company
Margaliano Kelli M $403,000 Ohio Real Title
Liu Xiang $380,000 None Available
Hing Yung Luy -- New England Title
Hing Barbara Lim -- New England Title
Hing Yung Luy Ray -- Competetive Title
Hing Yung Luy Ray -- Competitive Title
Hing Yung Luy Ray -- --
Hing Yung-Luy R -- --
Hing Yung-Luy $168,500 --
John W Partridge -- --
Partridge Beverly A $149,900 --
Ceko Construction Inc $55,500 --
Eastern Electric Co Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margaliano Kelli M $306,550
Closed Liu Xiang $290,000
Closed Hing Barbara Lim $294,500
Closed Hing Yung Luy Ray $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2019 05/07/19 Sold $403,000 -5.2% $102 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $425,000 -2.3% $108 / Sq Ft
01/02/2019 01/02/19 Price Changed $435,000 -3.3% $110 / Sq Ft
09/04/2018 09/04/18 For Sale $450,000 +15.4% $114 / Sq Ft
03/28/2017 03/28/17 Sold $390,000 -8.2% $99 / Sq Ft View Prior Sale
02/02/2017 02/02/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $425,000 -- $108 / 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 $9,337 $170,625 $29,820 $140,805
2023 $9,402 $140,530 $29,160 $111,370
2022 $8,214 $140,530 $29,160 $111,370
2021 $8,121 $140,530 $29,160 $111,370
2020 $8,305 $132,580 $27,510 $105,070
2019 $9,267 $378,800 $78,600 $300,200
2018 $8,297 $132,580 $27,510 $105,070
2017 $8,125 $122,750 $25,170 $97,580
2016 $8,049 $122,750 $25,170 $97,580
2015 $7,727 $122,750 $25,170 $97,580
2014 $7,727 $113,650 $23,310 $90,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4034084

MLS Now

APN: 951-39-027