NOT LISTED FOR SALE

7480 Faraway Trail Chagrin Falls, OH 44023

Estimated Value: $1,185,605 - $1,344,000

4 Beds
3.5 Baths
6,438 Sq Ft
$196/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $675,000 $105 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $8,194/month

368 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • 2 Fireplaces
  • Timmons Elementary School Rated A
  • Wooded Lot
  • Tennis Courts

About This Home

As of June 2019

This home is located at 7480 Faraway Trail, Chagrin Falls, OH 44023 since 08 May 2019 and is currently estimated at $1,261,901, approximately $196 per square foot. This property was built in 2013. 7480 Faraway Trail is a home located in Geauga County with nearby schools including Timmons Elementary School, Kenston Intermediate School, and Kenston Middle School.

Last Agent to Sell the Property

Susan Metallo

Berkshire Hathaway HomeServices Professional Realty License #2022003687 Listed on: 05/08/2019

Berkshire Hathaway HomeServices Professional Realty

Last Buyer's Agent

Susan Metallo

Berkshire Hathaway HomeServices Professional Realty License #2022003687 Listed on: 05/08/2019

Berkshire Hathaway HomeServices Professional Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013

Lot Details

  • 0.72 Acre Lot
  • Street terminates at a dead end
  • Property has an invisible fence for dogs
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $35 Monthly HOA Fees

Home Design

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

Interior Spaces

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

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Drain
  • Garage Door Opener

Outdoor Features

  • Patio
  • 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 recreation, reserve fund
  • Canyon Lakes Colony Sub Community

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Year Built

Built in 2013

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • Price Per Square Foot: 158.12
  • Estimated Price per Sq Ft: 158.12
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 4269
  • Year Built: 2013
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2013

Interior Features

  • Appliances Equipment: Audio System, Cooktop, Dishwasher, Dryer, Garbage Disposal, Microwave, Wall Oven, Refrigerator, Security System, Smoke Detector, Washer
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 17
  • Basement Detail: Finished, Full
  • Sq Ft Approx Above Grade Finished: 4269.00
  • Sq Ft Approx Below Grade Finished: 2169.00
  • Sq Ft Approx Total Finished: 6438.00

Exterior Features

  • View: Wooded
  • Exterior: Stone, Vinyl
  • Exterior Features: Patio, Porch, Sprinkler/Irrigation
  • Fences: Invisible Pet
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Drain, Heated, Water Available
  • Garage Num Of Cars: 3

Utilities

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

Association/Amenities

  • Amenities: Park, Playground, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 425.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Canyon Lakes
  • Subdivision Complex: Canyon Lakes Colony Sub

Fee Information

  • HOA Fee Includes: Recreation, Reserve Fund

Schools

  • School District: Kenston LSD

Lot Info

  • Lot Description: Dead End Street, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.7200
  • Parcel Number: 02-420873

Tax Info

  • Tax: 18210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Jun 10, 2019
Sold by
Weichert Workforce Mobility Inc
Bought by
Hill Nathan Everett and Hill Emily Marie
Seller's Agent
Susan Metallo
Berkshire Hathaway HomeServices Professional Realty
Buyer's Agent
Susan Metallo
Berkshire Hathaway HomeServices Professional Realty
List Price
$725,000
Sold Price
$675,000
Premium/Discount to List
-$50,000
-6.9%
Current Estimated Value
$1,261,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,901
Avg. Annual Appreciation
10.06%
Original Mortgage
$540,000
Outstanding Balance
$466,296
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$795,605

Purchase Details

Closed on
Sep 21, 2018
Sold by
Cooper William J and Cooper Ruth C
Bought by
Weichert Workforce Mobility Inc

Purchase Details

Listed on
May 25, 2016
Closed on
Sep 26, 2016
Sold by
Da Silva Andre C and Silva Leann
Bought by
Cooper William J and Copper Ruth C
Seller's Agent
Rachel Liberati
Howard Hanna
Buyer's Agent
Gallmann Group
RE/MAX Haven Realty
List Price
$870,000
Sold Price
$825,000
Premium/Discount to List
-$45,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Original Mortgage
$418,000
Interest Rate
2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 1, 2013
Closed on
Mar 21, 2014
Sold by
Rhm Homes Corp
Bought by
Da Silva C
Seller's Agent
Patricia Bourne
EXP Realty, LLC.
Buyer's Agent
Laurel Worley Heater
Howard Hanna
List Price
$849,990
Sold Price
$779,888
Premium/Discount to List
-$70,102
-8.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.25%
Original Mortgage
$530,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 10, 2005
Sold by
Canyon Lakes Colony Co
Bought by
Rhm Homes Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hill Nathan Everett $675,000 None Available
Weichert Workforce Mobility Inc $782,500 None Available
Cooper William J $825,000 Attorney
Da Silva C $779,900 Attorney
Rhm Homes Corp $150,000 Lawyers Title Ins Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Nathan Everett $540,000
Previous Owner Cooper William J $418,000
Previous Owner Da Silva C $530,000
Previous Owner Rhm Homes Corp $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2019 06/14/19 Sold $675,000 -6.9% $105 / Sq Ft
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
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 $18,329 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4093177

MLS Now

APN: 02-420873