7480 Faraway Trail Chagrin Falls, OH 44023
Estimated payment $8,242/month
Highlights
- Popular Property
- Views of Trees
- Colonial Architecture
- Timmons Elementary School Rated A
- Sub-Zero Refrigerator
- Wolf Appliances
About This Home
Discover an exceptional home on one of Canyon Lakes' most coveted streets, combining the pristine feel of new construction with the warmth of timeless design. Every detail, from the solid oak hardwood floors to the integrated smart-home technology, has been curated for the discerning homeowner. The heart of the home is the white gourmet kitchen—a chef’s dream featuring a Wolf 6-burner range, double wall ovens, and a SubZero refrigerator. Anchored by a large granite center island and framed by marble countertops, it includes two pantry closets (one a large walk-in) for effortless organization. The flow is seamless: the kitchen bar seating leads to an attractive hearth room w/ gas fireplace and built-in cabinetry, while the picturesque great room offers brand-new carpeting and access to the backyard patio. Just off the foyer, find a private library with French doors & custom millwork and a gracious dining room with French doors opening to the deep front porch. The functional utility wing features a powder room, dedicated laundry and a mudroom with premium built-in lockers. The second floor features 4 generous bedrooms all with walk-in closets, 3 full baths plus a versatile bonus room—ideal for a playroom or secondary office. The primary suite has a spa-inspired marble bath and huge walk-in closet. The finished lower level is an entertainer’s paradise, complete with several recreation areas,135-inmovie screen, wine room, built-ins and plumbing for a bath. Contact the listing agent for a list of all the smart technology like Creston automated blinds, 4-room Sonos audio system, smart light system, doors & more. Outdoors, you'll love relaxing on the front porch or the backyard stamped concrete patio and walkways. Canyon Lakes offers its residents 200+ acres of parkland + a tennis/pickleball court, and is minutes from the charming Chagrin Falls Village and a short commute to downtown Cleveland. Don’t miss the opportunity to make this your new home!
Listing Agent
Howard Hanna Brokerage Email: Maryfranceslaganke@howardhanna.com, 216-470-6799 License #2009003536 Listed on: 04/07/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,329
Year Built
- Built in 2013
Lot Details
- 31,363 Sq Ft Lot
- Street terminates at a dead end
- Property has an invisible fence for dogs
- Sprinkler System
- Wooded Lot
HOA Fees
- $42 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Running Water Available in Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Fiberglass Roof
- Asphalt Roof
- Stone Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Wired For Sound
- Gas Log Fireplace
- Mud Room
- Living Room with Fireplace
- 2 Fireplaces
- Views of Trees
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Built-In Double Oven
- Range
- Microwave
- Sub-Zero Refrigerator
- Dishwasher
- Wolf Appliances
- Disposal
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 4 Bedrooms
- 3.5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Patio
- Front Porch
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 02-420873
Community Details
Overview
- Association fees include common area maintenance, insurance, recreation facilities, reserve fund
- Canyon Lakes Association
- Built by Meyers Homes
- Canyon Lakes Subdivision
Recreation
- Tennis Courts
- Community Playground
- Park
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $18,465 | $343,040 | $78,020 | $265,020 |
| 2024 | $18,465 | $343,040 | $78,020 | $265,020 |
| 2023 | $18,329 | $343,040 | $78,020 | $265,020 |
| 2022 | $15,994 | $261,630 | $56,880 | $204,750 |
| 2021 | $16,047 | $261,630 | $56,880 | $204,750 |
| 2020 | $16,485 | $261,630 | $56,880 | $204,750 |
| 2019 | $18,219 | $261,630 | $56,880 | $204,750 |
| 2018 | $9,105 | $261,630 | $56,880 | $204,750 |
| 2017 | $18,219 | $261,630 | $56,880 | $204,750 |
| 2016 | $16,176 | $227,300 | $47,150 | $180,150 |
| 2015 | $15,741 | $227,300 | $47,150 | $180,150 |
| 2014 | $14,411 | $227,300 | $47,150 | $180,150 |
| 2013 | $3,352 | $47,150 | $47,150 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $1,250,000 | +85.2% | $195 / Sq Ft | |
| 06/14/2019 06/14/19 | Sold | $675,000 | -6.9% | $105 / Sq Ft | View Prior Sale |
| 05/11/2019 05/11/19 | Pending | -- | -- | -- | |
| 05/08/2018 05/08/18 | For Sale | $725,000 | -12.1% | $113 / Sq Ft | |
| 10/03/2016 10/03/16 | Sold | $825,000 | -5.2% | $204 / Sq Ft | View Prior Sale |
| 10/03/2016 10/03/16 | Pending | -- | -- | -- | |
| 05/25/2016 05/25/16 | For Sale | $870,000 | +11.6% | $215 / Sq Ft | |
| 03/26/2014 03/26/14 | Sold | $779,888 | -8.2% | $193 / Sq Ft | View Prior Sale |
| 03/24/2014 03/24/14 | Pending | -- | -- | -- | |
| 11/01/2013 11/01/13 | For Sale | $849,990 | -- | $210 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $675,000 | None Available | |
| Warranty Deed | $782,500 | None Available | |
| Survivorship Deed | $825,000 | Attorney | |
| Warranty Deed | $779,900 | Attorney | |
| Warranty Deed | $150,000 | Lawyers Title Ins Corp |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $418,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $530,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,500,000 | Credit Line Revolving |
Source: MLS Now (Howard Hanna)
MLS Number: 5199688
APN: 02-420873
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Ask me questions while you tour the home.