NOT LISTED FOR SALE

7344 Forestwood Dr Independence, OH 44131

Estimated Value: $649,000 - $750,000

4 Beds
4 Baths
3,832 Sq Ft
$180/Sq Ft Est. Value

About This Home

This home is located at 7344 Forestwood Dr, Independence, OH 44131 and is currently estimated at $690,565, approximately $180 per square foot. 7344 Forestwood Dr is a home located in Cuyahoga County with nearby schools including Independence Primary School, Independence Middle School, and Independence High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2016
Sold by
Patel Lila R and Patel Raman
Bought by
Patel Bhavna R
Current Estimated Value
$690,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,500
Outstanding Balance
$228,535
Interest Rate
3.58%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$402,654

Purchase Details

Closed on
Apr 10, 2015
Sold by
Patel Raman and Patel Lila R
Bought by
Patel Lila R and Patel Bhavna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 21, 1997
Sold by
Hillside Properties Ltd
Bought by
Patel Bhavna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8%
Mortgage Type
New Conventional
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.

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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.

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First American

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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.

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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
Patel Bhavna R -- None Available
Patel Lila R -- None Available
Patel Bhavna $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Bhavna R $282,500
Closed Patel Lila R $360,000
Closed Patel Raman S $400,000
Closed Patel Raman $300,000
Closed Patel Ramen $175,000
Closed Patel Bhavna $45,000
Source: Public Records

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 $9,876 $206,500 $46,060 $160,440
2023 $8,754 $166,320 $34,300 $132,020
2022 $8,706 $166,320 $34,300 $132,020
2021 $8,579 $166,320 $34,300 $132,020
2020 $8,390 $152,600 $31,470 $121,140
2019 $8,099 $436,000 $89,900 $346,100
2018 $8,171 $152,600 $31,470 $121,140
2017 $8,131 $146,340 $25,870 $120,470
2016 $7,567 $146,340 $25,870 $120,470
2015 $7,490 $146,340 $25,870 $120,470
2014 $6,965 $135,490 $23,940 $111,550
Source: Public Records

Map

Ohio Cuyahoga County Independence 44131

7344 Forestwood Dr, Independence, OH

This home is located at 7344 Forestwood Dr, Independence, OH 44131 and is currently estimated at $690,565, approximately $180 per square foot. 7344 Forestwood Dr is a home located in Cuyahoga County with nearby schools including Independence Primary School, Independence Middle School, and Independence 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.

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