Seller's Agent in 2019
Jared Dutton
Keller Williams Legacy Group Realty
(330) 268-2673
215 Total Sales
7281 Lake Rd Madison, OH 44057
4
Beds
2
Baths
2,400
Sq Ft
3.12
Acres
Highlights
- Beach Front
- 3.12 Acre Lot
- 1 Fireplace
- Lake View
- Cape Cod Architecture
- 2 Car Detached Garage
About This Home
As of August 2019PREMIER LAKE ERIE WATERFRONT AUCTION – SAT. JUNE 22 @ 12NOON. 55+ yr FAMILY OWNERSHIP DIRECTS IMMEDIATE SALE! Welcome to beautiful Murphy Beach situated on the shores of Lake Erie in Lake County, Ohio conveniently located between Geneva-on-the-lake and Madison-on-the-Lake and across the street from 18-hole Lake Erie Shores Golf Course. This is truly a one of a kind property that has not been available for sale in over a half century. This unique water front property has over 200’ of lake frontage w/private beach and features a Lakefront Home, (7) cottages - currently leased - on a 4.6 acre lakefront site to be offered in 3 parcels. The lakefront cape-cod style home offers over 2,400 sq. ft. of living space, 4 bedrooms, 2.5 baths, with an open floor plan, and floor to ceiling windows that overlook the Lake Erie Waterfront. The (cottages) have 3 bedrooms w/2 full baths, and most are currently occupied w/leases generating $800 - $900/mo. The property will be sold in 3 parcels consisting of Parcel #1: Lake Front home w/additional cottage, Parcel #2: (4) cottages, Parcel #3: 3.5 acre waterfront development parcel w/ (2) cottages currently leased. Don’t let this opportunity pass you by to purchase a Lake Erie Waterfront property with your own private beach!
Last Agent to Sell the Property
Keller Williams Legacy Group Realty License #2005014275 Listed on: 05/20/2019
Last Buyer's Agent
Keller Williams Legacy Group Realty License #2005014275 Listed on: 05/20/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,240
Year Built
- Built in 1921
Lot Details
- 3.12 Acre Lot
- Beach Front
- Lake Front
- Street terminates at a dead end
- Unpaved Streets
Property Views
- Lake
- Golf Course
Home Design
- Cape Cod Architecture
- Asphalt Roof
- Cedar
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
- 1 Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 2 Car Detached Garage
- Carport
Outdoor Features
- Patio
Utilities
- Central Air
- Heating System Uses Gas
Community Details
- Forbes Lt 02 Community
Listing and Financial Details
- Assessor Parcel Number 01-B-106-C-00-008-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2019
Closed on
Jul 31, 2019
Sold by
Djm S 4 Reasons Ltd
Bought by
Lakepointe Shores Llc
Seller's Agent
Jared Dutton
Keller Williams Legacy Group Realty
Buyer's Agent
Jared Dutton
Keller Williams Legacy Group Realty
List Price
$825,000
Sold Price
$825,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$436,279
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 23, 2008
Sold by
Murphy Management Partners Lp
Bought by
Djms 4 Reasons Ltd
Purchase Details
Closed on
Dec 22, 1999
Sold by
Estate Of David C Murphy
Bought by
Murphy Mary K
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lakepointe Shores Llc | $825,000 | None Available | |
| Djms 4 Reasons Ltd | $176,600 | Us Title Agency Inc | |
| Murphy Mary K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lakepointe Shores Llc | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2019 08/09/19 | Sold | $825,000 | 0.0% | $344 / Sq Ft |
| 06/25/2019 06/25/19 | Pending | -- | -- | -- |
| 05/20/2019 05/20/19 | For Sale | $825,000 | -- | $344 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $8,540 | $114,430 | $71,480 | $42,950 |
| 2023 | $14,177 | $127,550 | $90,300 | $37,250 |
| 2022 | $9,533 | $127,550 | $90,300 | $37,250 |
| 2021 | $9,296 | $110,130 | $86,520 | $23,610 |
| 2020 | $19,966 | $110,130 | $86,520 | $23,610 |
| 2019 | $9,282 | $110,130 | $86,520 | $23,610 |
| 2018 | $9,240 | $105,630 | $86,520 | $19,110 |
| 2017 | $9,031 | $105,630 | $86,520 | $19,110 |
| 2016 | $8,462 | $105,630 | $86,520 | $19,110 |
| 2015 | $8,018 | $105,630 | $86,520 | $19,110 |
| 2014 | $8,109 | $105,630 | $86,520 | $19,110 |
| 2013 | $8,102 | $105,630 | $86,520 | $19,110 |
Source: Public Records
Agents Affiliated with this Home
-
Jared Dutton
Map
Source: MLS Now
MLS Number: 4098153
APN: 01-B-106-C-00-008
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