NOT LISTED FOR SALE

7471 Faraway Trail Chagrin Falls, OH 44023

Estimated Value: $1,007,000 - $1,253,000

4 Beds
4.5 Baths
6,822 Sq Ft
$165/Sq Ft Est. Value

Last Sold March 03, 2016

Last sale price $680,000 $100 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $7,368/month

64 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • 1 Fireplace
  • Timmons Elementary School Rated A
  • Traditional Architecture
  • Tennis Courts

About This Home

As of March 2016

Located in the upscale Canyon Lakes development, 7471 Faraway Trail is on one of the most desirable streets surrounded by million-dollar homes. This luxury home boasts everything the discerning buyer is dreaming of! Spacious one-acre wooded lot with lovely tiered patio with firepit. The 4000+ square foot home has soaring ceilings in the two-story foyer and great room with floor to ceiling stacked-stone fireplace. Also on the first floor is a sitting room, stylish dining room and two offices. There is room for a crowd in the sizable gourmet kitchen with maple cabinetry, stainless appliances, granite countertops, walk-in pantry and light-filled breakfast room. You've probably never seen such a large mudroom with lockers galore, and access to the garages. There are four bedrooms on the second floor, each with access to beautiful, updated baths. Gorgeous! The lower level is a dream for entertaining with a theatre room, granite bar with dishwasher, refrigerator and stone feature wall, full bath and walkout to the picturesque patio and backyard. The Canyon Lakes development offers a tennis court and walking trails for its residents, and is within the award-winning Kenston school district. Just outside Chagrin Falls Village and 20 minutes to downtown Cleveland. Don't miss this luxury home that is definitely the best value in the neighborhood!

Last Agent to Sell the Property

Mary Frances LaGanke

Howard Hanna License #2009003536 Listed on: 09/21/2015

Howard Hanna

Last Buyer's Agent

Non-Member Non-Member

Non-Member License #9999

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,802

Year Built

  • Built in 2005

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 141 x 338
  • Wooded Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

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

Interior Spaces

  • 6,822 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Views of Woods
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-420885

Community Details

Overview

  • Association fees include property management
  • Canyon Lake Colony 11A Community

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,802

Year Built

Built in 2005

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Conventional
  • Price Per Square Foot: 157.70
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 4312
  • Year Built: 2005
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Appliances Equipment: Cooktop, Dishwasher, Garbage Disposal, Microwave, Wall Oven, Refrigerator, Smoke Detector
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 13
  • Basement Detail: Finished, Full, Walk-Out
  • Living Area Sq Ft: 6822
  • Estimated Total Living Area: 6822
  • Estimated Sq Ft: 4312

Exterior Features

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

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 3

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: 400.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Canyon Lakes Colony
  • Subdivision Complex: Canyon Lake Colony 11a

Fee Information

  • HOA Fee Includes: Property Management

Schools

  • School District: Kenston LSD

Lot Info

  • Lot Dimensions: 141 x 338
  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 1.0400
  • Parcel Number: 02-420885

Tax Info

  • Tax: 12802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Mar 1, 2016
Sold by
Fodor Mark E and Fodor Barbara J
Bought by
Waltz David T and Waltz Laura A
Seller's Agent
Mary Frances LaGanke
Howard Hanna
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Current Estimated Value
$1,125,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,864
Avg. Annual Appreciation
5.36%
Original Mortgage
$418,000
Outstanding Balance
$258,385
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$867,479

Purchase Details

Closed on
Jan 7, 2005
Sold by
Canyon Lakes Colony Co
Bought by
Fodor Mark E and Fodor Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.95%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Waltz David T $680,000 Revere Title
Fodor Mark E $150,000 Lawyers Title Ins Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waltz David T $418,000
Closed Fodor Mark E $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2016 03/03/16 Sold $680,000 -2.7% $100 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $699,000 -- $102 / 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 $16,952 $317,210 $86,940 $230,270
2023 $16,952 $317,210 $86,940 $230,270
2022 $13,616 $222,670 $63,700 $158,970
2021 $13,661 $222,670 $63,700 $158,970
2020 $14,034 $222,670 $63,700 $158,970
2019 $15,559 $222,670 $63,700 $158,970
2018 $7,775 $222,670 $63,700 $158,970
2017 $15,559 $222,670 $63,700 $158,970
2016 $14,365 $201,290 $52,780 $148,510
2015 $13,980 $201,290 $52,780 $148,510
2014 $12,802 $201,290 $52,780 $148,510
2013 $12,898 $201,290 $52,780 $148,510
Source: Public Records

Agents Affiliated with this Home

  • Mary Frances LaGanke

    Seller's Agent in 2016

    Mary Frances LaGanke

    Howard Hanna

    (216) 470-6799

    54 in this area

    138 Total Sales

    Mary Frances LaGanke
    Section Image

  • N

    Buyer's Agent in 2016

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: MLS Now

MLS Number: 3749498

MLS Now

APN: 02-420885

Ohio Geauga County Chagrin Falls 44023

7471 Faraway Trail, Chagrin Falls, OH

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