NOT LISTED FOR SALE

5520 E Lake Rd Sheffield Lake, OH 44054

Estimated Value: $225,000 - $277,000

4 Beds
1.5 Baths
2,160 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 25, 2023

Last sale price $220,000 $102 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,650/month

139 Days on Market

Highlights

  • 0.44 Acre Lot
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Colonial Architecture
  • 2 Car Direct Access Garage
  • 2-minute walk to Century Park

About This Home

As of October 2023

Amazing .44 Acre Property on Lake Road with Lake Erie Views--Colonial Home with 4 Bedrooms, 1 Full and 1 Half Bath and over 2,100 Square Feet--2 Car Attached Garage-- Home is Livable but Needs Some Updating-- Endless Possibilities for This Homes 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: 05/02/2023

Howard Hanna

Last Buyer's Agent

Daniela Maragos

Keller Williams Elevate License #2013001148

Keller Williams Elevate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,475

Year Built

  • Built in 1963

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 78x251

Parking

  • 2 Car Direct Access Garage

Home Design

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

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • Sheffield Community

Listing and Financial Details

  • Assessor Parcel Number 03-00-032-102-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,475

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • Price Per Square Foot: 101.85
  • Estimated Price per Sq Ft: 101.85
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2160
  • Year Built: 1963
  • Court Ordered Y N: No
  • Attribution Contact: scottkennedy@howardhanna.com (440) 503-3120
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Basement Detail: Full
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2160.00
  • Sq Ft Approx Total Finished: 2160.00

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Access from Unit, Attached
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Sheffield

Schools

  • School District: Sheffield-Sheffield

Lot Info

  • Lot Dimensions: 78x251
  • Additional Assessor Parcel Number 1: 0300032102017
  • Lot Size Units: Acres
  • Acres: 0.4400
  • Parcel Number: 03-00-032-102-013
  • LandLeaseYN: No

Tax Info

  • Tax: 3475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Oct 30, 2023
Sold by
Mccowan Family Trust
Bought by
Salmanov David
Seller's Agent
Scott Kennedy
Howard Hanna
Buyer's Agent
Daniela Maragos
Keller Williams Elevate
List Price
$224,900
Sold Price
$220,000
Premium/Discount to List
-$4,900
-2.18%
Views
1482
Current Estimated Value
$255,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,757
Avg. Annual Appreciation
7.40%
Original Mortgage
$198,000
Outstanding Balance
$194,150
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$61,607

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
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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
Salmanov David -- American Patriot Title
Mccowan Frank E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salmanov David $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2023 10/25/23 Sold $220,000 0.0% $102 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/06/2023 09/06/23 Price Changed $219,900 -2.2% $102 / Sq Ft
05/02/2023 05/02/23 For Sale $224,900 -- $104 / 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
2024 $3,694 $70,959 $13,965 $56,994
2023 $3,508 $57,810 $18,449 $39,361
2022 $3,475 $57,810 $18,449 $39,361
2021 $2,894 $57,810 $18,450 $39,360
2020 $2,556 $48,380 $15,440 $32,940
2019 $2,541 $48,380 $15,440 $32,940
2018 $2,452 $48,380 $15,440 $32,940
2017 $2,354 $42,090 $14,140 $27,950
2016 $2,376 $42,090 $14,140 $27,950
2015 $2,345 $42,090 $14,140 $27,950
2014 $2,036 $40,660 $13,660 $27,000
2013 $2,026 $40,660 $13,660 $27,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 4455693

MLS Now (Howard Hanna)

APN: 03-00-032-102-013