NOT LISTED FOR SALE

7038 Lake Rd Madison, OH 44057

Estimated Value: $100,000 - $118,000

2 Beds
1 Bath
713 Sq Ft
$152/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $107,000 $150 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $690/month

89 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA
  • North Facing Home

About This Home

As of July 2024

Step into the welcoming embrace of 7038 Lake Rd East in Madison – a charming two-bedroom ranch-style home. Revel in the freshness of newer floor coverings, complemented by a recently painted interior and an updated bathroom. The residence features a convenient side deck with direct access to the kitchen, along with a front entrance that leads into the inviting living room with picture window. This property is primed for transformation into a personalized haven, just waiting for you to make it your own. Don't miss the opportunity – schedule your viewing today!

Last Agent to Sell the Property

David Huntington

RE/MAX Results Brokerage Email: djhuntington1@gmail.com 440-463-6123 License #424526 Listed on: 02/13/2024

RE/MAX Results

Last Buyer's Agent

Jennifer Allen

Keller Williams Greater Cleveland Northeast License #2003014671

Keller Williams Greater Cleveland Northeast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,221

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 4,948 Sq Ft Lot
  • Lot Dimensions are 90 x 110
  • North Facing Home
  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Block Foundation
  • Frame Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Block Exterior

Interior Spaces

  • 713 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • No Home Owners Association
  • Madison Beach Estates Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 01-B-102-D-00-001-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,221

Year Built

Built in 1952 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1952
  • Attribution Contact: djhuntington1@gmail.com 440-463-6123
  • ResoLotFeatures: Corner Lot
  • ResoPoolFeatures: None
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: Madison Beach Estates
  • Above Grade Finished Sq Ft: 713.0
  • Reso Accessibility Features: None
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2021
  • Property Sub Type Additional: Single Family Residence
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1136
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Block, Frame
  • Direction Faces: North
  • Foundation Details: Block

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Madison LSD Lake- 4303

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 01-B-102-D-00-001-0
  • LandLeaseYN: No
  • Lot Dimensions: 90 x 110
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1221.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
May 15, 2024
Sold by
Lsf9 Master Participation Trust and Us Bank Trust Na
Bought by
Scott Nathan Arthur
Seller's Agent
David Huntington
RE/MAX Results
Buyer's Agent
Jennifer Allen
Keller Williams Greater Cleveland Northeast
List Price
$114,900
Sold Price
$107,000
Premium/Discount to List
-$7,900
-6.88%
Views
701
Current Estimated Value
$108,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,512
Avg. Annual Appreciation
1.26%
Original Mortgage
$103,790
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2007
Sold by
Herda Matthew C
Bought by
Lechner Carolyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,263
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 2003
Sold by
Knight Daniel M and Knight Kristen
Bought by
Herda Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,250
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1999
Sold by
Mcdivitt Robert and Mcdivitt Debora M
Bought by
Knight Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.15%

Purchase Details

Closed on
Apr 29, 1991
Bought by
Mandel Lodi
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Scott Nathan Arthur $107,000 None Listed On Document
Lechner Carolyn B $94,250 Conway Land Title Company
Herda Matthew C $84,000 Millennium Land Title Agency
Knight Daniel M $70,200 Bates Title Corp
Mandel Lodi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott Nathan Arthur $103,790
Previous Owner Lechner Carolyn B $93,263
Previous Owner Herda Matthew C $82,250
Previous Owner Knight Daniel M $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2024 07/05/24 Sold $107,000 0.0% $150 / Sq Ft
05/13/2024 05/13/24 Off Market $107,000 -- --
05/13/2024 05/13/24 Pending -- -- --
04/15/2024 04/15/24 Price Changed $109,900 -4.4% $154 / Sq Ft
04/12/2024 04/12/24 For Sale $114,900 0.0% $161 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/14/2024 03/14/24 Price Changed $114,900 -4.2% $161 / Sq Ft
02/13/2024 02/13/24 For Sale $119,900 -- $168 / 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
2023 $1,193 $18,680 $5,740 $12,940
2022 $1,218 $18,680 $5,740 $12,940
2021 $1,221 $19,010 $6,070 $12,940
2020 $1,173 $16,110 $5,140 $10,970
2019 $1,174 $16,110 $5,140 $10,970
2018 $1,137 $16,470 $5,140 $11,330
2017 $1,196 $16,470 $5,140 $11,330
2016 $1,455 $16,470 $5,140 $11,330
2015 $986 $16,470 $5,140 $11,330
2014 $1,008 $16,470 $5,140 $11,330
2013 $1,010 $16,470 $5,140 $11,330
Source: Public Records

Agents Affiliated with this Home

  • David Huntington

    Seller's Agent in 2024

    David Huntington

    RE/MAX

    (440) 463-6123

    7 in this area

    81 Total Sales

    Section Image
  • Jennifer Allen

    Buyer's Agent in 2024

    Jennifer Allen

    Keller Williams Greater Cleveland Northeast

    (440) 796-4833

    5 in this area

    429 Total Sales

    Section Image
  • Alan Benson

    Buyer Co-Listing Agent in 2024

    Alan Benson

    Keller Williams Greater Cleveland Northeast

    (440) 668-6180

    3 in this area

    98 Total Sales

    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5017149

MLS Now

APN: 01-B-102-D-00-001

Ohio Lake County Madison 44057

7038 Lake Rd, Madison, OH

This home is located at 7038 Lake Rd, Madison, OH 44057 since 13 February 2024 and is currently estimated at $108,512, approximately $152 per square foot. This property was built in 1952. 7038 Lake Rd is a home located in Lake County with nearby schools including North Elementary School, Madison Middle School, and Madison High School.

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 IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes