NOT LISTED FOR SALE

5516 E Lake Rd Sheffield Lake, OH 44054

Estimated Value: $139,000

2 Beds
1 Bath
729 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $130,000 $178 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $850/month

6 Days on Market

Highlights

  • 1.12 Acre Lot
  • No HOA
  • Wood Siding
  • Cape Cod Architecture
  • Forced Air Heating System
  • 3-minute walk to Century Park

About This Home

As of February 2024

Amazing 1+ Acre Property on Lake Road with Lake Erie Views--167 Feet of Frontage On Lake Rd and Approximately 320 Feet Deep-- 5516 Lake is a Cottage with 2 Bedrooms and 1 Full Bathroom and 790 Square Feet-- Home is Livable but Needs Some Updating-- Endless Possibilities for This Home and Property-- Property has Frontage on Hawthorne that Parallels Lake Rd to the South!!! Contact Agent with Any Questions or for Showings!!!

Last Agent to Sell the Property

Scott Kennedy

Howard Hanna License #2003016555 Listed on: 01/04/2024

Howard Hanna

Last Buyer's Agent

Lori Howard

Howard Hanna License #2014001384

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1900

Lot Details

  • 1.12 Acre Lot

Home Design

  • Cape Cod Architecture
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 729 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • No Garage
  • Gravel Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Sheffield Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-00-032-102-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,440

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • ResoSpecialListingConditions: Estate
  • Subdivision Name: Sheffield
  • Above Grade Finished Sq Ft: 729.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Tax Year: 2022
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 1.12
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel, No Garage, Unpaved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Sheffield-Sheffield - 4713

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-032-102-019
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1440.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 5, 2024
Sold by
Mccowan Family Trust
Bought by
May Andrew and May Justin
Seller's Agent
Scott Kennedy
Howard Hanna
Buyer's Agent
Lori Howard
Howard Hanna
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Views
94
Current Estimated Value
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,000
Avg. Annual Appreciation
3.73%

Purchase Details

Closed on
Sep 27, 2021
Sold by
Mccowan Frank E
Bought by
Mccowan Family Trust

Purchase Details

Closed on
Jul 1, 1998
Sold by
Mccowan Frank E and Mccowan Eloise
Bought by
Mccowan Frank E and Mccowan Eloise
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
May Andrew $130,000 American Patriot Title
Mccowan Family Trust -- --
Mccowan Frank E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2024 02/06/24 Sold $130,000 -3.6% $178 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $134,900 -- $185 / Sq Ft
Source: MLS Now (Howard Hanna)

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
2023 $1,454 $23,961 $18,260 $5,702
2022 $1,440 $23,961 $18,260 $5,702
2021 $1,449 $23,961 $18,260 $5,702
2020 $1,325 $20,050 $15,280 $4,770
2019 $1,336 $20,330 $15,560 $4,770
2018 $1,341 $20,330 $15,560 $4,770
2017 $1,032 $14,270 $11,990 $2,280
2016 $1,042 $14,270 $11,990 $2,280
2015 $1,029 $14,270 $11,990 $2,280
2014 $905 $13,800 $11,590 $2,210
2013 $901 $13,800 $11,590 $2,210
Source: Public Records

Agents Affiliated with this Home

  • Scott Kennedy

    Seller's Agent in 2024

    Scott Kennedy

    Howard Hanna

    (440) 503-3120

    5 in this area

    146 Total Sales

    Scott Kennedy
    Section Image
  • Lori Howard

    Buyer's Agent in 2024

    Lori Howard

    Howard Hanna

    (440) 666-7289

    1 in this area

    11 Total Sales

    Lori Howard
    Section Image
  • Gregg Wasilko

    Buyer Co-Listing Agent in 2024

    Gregg Wasilko

    Howard Hanna

    (440) 521-1757

    12 in this area

    1,420 Total Sales

    Gregg Wasilko
    Section Image
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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5009681

MLS Now (Howard Hanna)

APN: 03-00-032-102-012

Ohio Lorain County Sheffield Lake 44054

5516 E Lake Rd, Sheffield Lake, OH

Not Listed for Sale

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.

MLS Now (Howard Hanna) 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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