NOT LISTED FOR SALE

7430 Faraway Trail Chagrin Falls, OH 44023

Estimated Value: $1,357,000 - $1,501,963

6 Beds
8 Baths
7,197 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $985,000 $137 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $9,054/month

19 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • Wooded Lot
  • Timmons Elementary School Rated A
  • Deck
  • 6 Fireplaces

About This Home

As of August 2022

Situated on a pristine .75 acre lot in Canyon Lakes, this exquisite home will take your breath away. With over 7,000 square feet of living space, this home provides a perfect blend of elegance and comfort, with charming features and exceptional outdoor entertaining areas. As you step inside, the foyer seamlessly flows to the formal dining room to the right and the 2-story great room straight ahead. The kitchen features a coffered ceiling, an oversized island with durable stone counters and a farmhouse sink, and a walk-in pantry room. Step down to the family room, where you will find a fireplace flanked by floor-to-ceiling cabinetry. Pocket doors lead to a flex space with an en-suite half bath, ideal for a playroom, office, or guest suite. Upstairs, there are 5 bedrooms and 5 full bathrooms. The primary suite includes a bedroom with a fireplace, a walk-in closet, and a luxurious en-suite with 2 vanities, a soaking tub, and a step-in shower. All other bedrooms have walk-in closets with organizers and drawers. The lower level includes a media area, a bar, a gym, and an additional living suite. Outside, the backyard is perfect for outdoor entertaining and al-fresco dining. The covered deck features a fireplace and overlooks a bucolic, tree-lined backyard, which includes a playset, a tiered patio, and a stone walkway and bridge that leads to a fire circle. Other notable amenities include a security system, 2 laundry rooms, surround sound systems, central vac, and a 4-car garage.

Last Agent to Sell the Property

Terry Young

Keller Williams Greater Metropolitan License #237938 Listed on: 06/10/2022

Keller Williams Greater Metropolitan

Last Buyer's Agent

Shannon Velotta

McDowell Homes Real Estate Services License #2014000133

McDowell Homes Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,945

Year Built

  • Built in 2005

Lot Details

  • 0.75 Acre Lot
  • Wooded Lot

HOA Fees

  • $38 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • 6 Fireplaces
  • Views of Woods
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-420878

Community Details

Overview

  • Canyon Lake Colony Sub Community

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,945

Year Built

Built in 2005

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • Price Per Square Foot: 189.53
  • Estimated Price per Sq Ft: 189.53
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 5197
  • Year Built: 2005
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Appliances Equipment: Cooktop, Dishwasher, Dryer, Garbage Disposal, Refrigerator, Wall Oven, Washer
  • Fireplaces: 6
  • Total Bedrooms: 6
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 8.00
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 2
  • Room Count: 18
  • Basement Detail: Full, Partially Finished
  • Laundry On Main: 1
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 5197.00
  • Sq Ft Approx Below Grade Finished: 2000.00
  • Sq Ft Approx Total Finished: 7197.00

Exterior Features

  • View: Wooded
  • Exterior: Stone, Vinyl
  • Exterior Features: Deck, Patio
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Electric
  • Garage Num Of Cars: 4

Utilities

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

Association/Amenities

  • Amenities: Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 450.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Canyon Lakes
  • Subdivision Complex: Canyon Lake Colony Sub

Schools

  • School District: Kenston LSD
  • School District: Kenston LSD

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.7500
  • Parcel Number: 02-420878
  • LandLeaseYN: No

Tax Info

  • Tax: 18945

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Aug 4, 2022
Sold by
Lodolce and Kathy
Bought by
Garisek Christopher J and Garisek Jennifer A
Seller's Agent
Terry Young
Keller Williams Greater Metropolitan
Buyer's Agent
Shannon Velotta
McDowell Homes Real Estate Services
List Price
$995,000
Sold Price
$985,000
Premium/Discount to List
-$10,000
-1.01%
Current Estimated Value
$1,308,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,803
Avg. Annual Appreciation
12.63%
Original Mortgage
$735,000
Outstanding Balance
$706,359
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$704,382

Purchase Details

Listed on
Feb 17, 2021
Closed on
Mar 9, 2021
Sold by
Tomsich John R and Tomsich Michelle
Bought by
Lodolce John and Ding Kathy
Seller's Agent
Laurel Worley Heater
Howard Hanna
Buyer's Agent
Teresa Slowey Whitham
Howard Hanna
List Price
$985,000
Sold Price
$965,000
Premium/Discount to List
-$20,000
-2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.47%

Purchase Details

Closed on
May 19, 2005
Sold by
Canyon Lakes Colony Co
Bought by
Elite American Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,660
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Garisek Christopher J -- None Listed On Document
Lodolce John $965,000 Ohio Real Title
Elite American Development Corp $151,000 Lawyers Title Ins Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garisek Christopher J $735,000
Previous Owner Tomsich John $448,000
Previous Owner Tomsich John R $520,000
Previous Owner Tomsich John R $377,000
Previous Owner Elite American Development Corp $525,000
Previous Owner Elite American Development Corp $510,660
Previous Owner Elite American Development Corp $510,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $985,000 -1.0% $137 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $995,000 +3.1% $138 / Sq Ft
03/10/2021 03/10/21 Sold $965,000 -2.0% $128 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $985,000 -- $130 / 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
2024 $22,194 $415,380 $78,750 $336,630
2023 $22,194 $415,380 $78,750 $336,630
2022 $18,882 $308,880 $57,440 $251,440
2021 $18,945 $308,880 $57,440 $251,440
2020 $19,462 $308,880 $57,440 $251,440
2019 $21,451 $308,880 $57,440 $251,440
2018 $21,440 $308,880 $57,440 $251,440
2017 $21,451 $308,880 $57,440 $251,440
2016 $18,370 $258,760 $47,570 $211,190
2015 $16,361 $258,760 $47,570 $211,190
2014 $16,361 $258,760 $47,570 $211,190
2013 $16,483 $258,760 $47,570 $211,190
Source: Public Records

Agents Affiliated with this Home

  • Terry Young

    Seller's Agent in 2022

    Terry Young

    Keller Williams Greater Metropolitan

    (216) 378-9618

    1,435 Total Sales

    Section Image
  • Shannon Velotta

    Buyer's Agent in 2022

    Shannon Velotta

    McDowell Homes Real Estate Services

    (440) 477-1906

    259 Total Sales

    Section Image
  • Laurel Worley Heater

    Seller's Agent in 2021

    Laurel Worley Heater

    Howard Hanna

    (440) 829-0602

    222 Total Sales

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  • Kristen Worley Thalman

    Seller Co-Listing Agent in 2021

    Kristen Worley Thalman

    Howard Hanna

    (440) 829-0602

    123 Total Sales

    Section Image
  • Teresa Slowey Whitham

    Buyer's Agent in 2021

    Teresa Slowey Whitham

    Howard Hanna

    (440) 263-0504

    217 Total Sales

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Map

Source: MLS Now

MLS Number: 4380309

MLS Now

APN: 02-420878

Ohio Geauga County Chagrin Falls 44023

7430 Faraway Trail, Chagrin Falls, OH

This home is located at 7430 Faraway Trail, Chagrin Falls, OH 44023 since 10 June 2022 and is currently estimated at $1,410,741, approximately $196 per square foot. This property was built in 2005. 7430 Faraway Trail is a home located in Geauga County with nearby schools including Timmons Elementary School, Kenston Intermediate School, and Kenston Middle 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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