Seller's Agent in 2021
Karen Eagle
Elite Sotheby's International Realty
(216) 352-4700
15 in this area
341 Total Sales
7545 Old Mill Rd Gates Mills, OH 44040
Estimated Value: $895,000 - $1,258,000
4
Beds
3.5
Baths
4,747
Sq Ft
$230/Sq Ft
Est. Value
Highlights
- Water Views
- 4.19 Acre Lot
- Deck
- Mayfield High School Rated A
- Colonial Architecture
- Wooded Lot
About This Home
As of August 2021This impeccably maintained turn of the century colonial is the perfect balance of old charm and updated features. Located in the heart of Gates Mills, this 4700 square foot home is surrounded by the esteemed Hunt Club, Chagrin River, and locally owned shops. The foyer opens up into the spacious living room with exceptional built ins w/ overhead recessed lighting, gas fireplace, and access to the outside deck. Roomy dining room provides the perfect place for entertaining and relaxing, and leads in to an updated kitchen with large farm sink, granite countertops, and Viking + Subzero appliances. Main level also includes office w fireplace, laundry room, and bonus garage area converted into workout space. The second floor includes 4 bedrooms with 4 full baths. The spacious owner’s suite boasts a comfortable seating area with fireplace & owner’s bath w granite countertops & his/her sinks. 2nd and 3rd bedrooms are spacious w built ins and attached baths. 4th bedroom can be used as optional work from home space, with full bath across the hall. The finished third floor w skylights is a great multi use area. Warm weather can be enjoyed on the large wrap around deck. An amazing bonus to this home is the exquisite two-story carriage house. With 2 bedrooms, full bath w steam shower & tub, washer & dryer unit, and living space w Vermont stove, this carriage house is a great opportunity to rent out or offer to visiting guests. Don’t miss the amazing opportunity to own this house!
Last Agent to Sell the Property
Elite Sotheby's International Realty License #2011002668 Listed on: 11/24/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,530
Year Built
- Built in 1905
Lot Details
- 4.19 Acre Lot
- Lot Dimensions are 255 x 695
- South Facing Home
- Unpaved Streets
- Wooded Lot
Property Views
- Water
- Woods
Home Design
- Colonial Architecture
- Asphalt Roof
Interior Spaces
- 4,747 Sq Ft Home
- 3-Story Property
- 3 Fireplaces
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Built-In Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Parking
- 4 Car Attached Garage
- Heated Garage
- Garage Drain
- Garage Door Opener
Outdoor Features
- Deck
Utilities
- Central Air
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Gas
- Septic Tank
Community Details
- Mayfield Community
Listing and Financial Details
- Assessor Parcel Number 842-17-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2020
Closed on
Aug 17, 2021
Sold by
Silver Linda M
Bought by
Rake Mill Farm Llc
Seller's Agent
Karen Eagle
Elite Sotheby's International Realty
Buyer's Agent
Colleen Miklus
Keller Williams Greater Metropolitan
List Price
$889,000
Sold Price
$720,000
Premium/Discount to List
-$169,000
-19.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,040
Avg. Annual Appreciation
10.01%
Original Mortgage
$576,000
Outstanding Balance
$530,496
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$535,272
Purchase Details
Closed on
Jul 27, 2007
Sold by
Silver Richard M and Silver Linda M
Bought by
Silver Linda M
Purchase Details
Closed on
May 14, 2004
Sold by
Silver Linda M and Silver Richard M
Bought by
Silver Linda M and Silver Richard M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.5%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 22, 1999
Sold by
Clark Junius Morgan
Bought by
Cluster Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
7.7%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rake Mill Farm Llc | $720,000 | None Listed On Document | |
| Silver Linda M | -- | Attorney | |
| Silver Linda M | -- | -- | |
| Cluster Homes Inc | $380,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rake Mill Farm Llc | $576,000 | |
| Previous Owner | Cluster Homes Inc | $580,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2021 08/17/21 | Sold | $720,000 | -9.9% | $152 / Sq Ft |
| 07/05/2021 07/05/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | Price Changed | $799,000 | -8.1% | $168 / Sq Ft |
| 02/11/2021 02/11/21 | Price Changed | $869,000 | -2.2% | $183 / Sq Ft |
| 11/24/2020 11/24/20 | For Sale | $889,000 | -- | $187 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $16,541 | $252,000 | $46,060 | $205,940 |
| 2023 | $14,662 | $196,010 | $102,170 | $93,840 |
| 2022 | $14,566 | $196,000 | $102,170 | $93,840 |
| 2021 | $14,225 | $196,000 | $102,170 | $93,840 |
| 2020 | $15,031 | $190,300 | $99,190 | $91,110 |
| 2019 | $14,530 | $543,700 | $283,400 | $260,300 |
| 2018 | $15,040 | $190,300 | $99,190 | $91,110 |
| 2017 | $15,290 | $187,810 | $103,320 | $84,490 |
| 2016 | $16,880 | $187,810 | $103,320 | $84,490 |
| 2015 | $15,132 | $187,810 | $103,320 | $84,490 |
| 2014 | $15,132 | $178,860 | $98,390 | $80,470 |
Source: Public Records
Agents Affiliated with this Home
-
Karen Eagle
-
Colleen Miklus
Buyer's Agent in 2021
Colleen Miklus
Keller Williams Greater Metropolitan
(440) 479-8766
12 in this area
275 Total Sales
Map
Source: MLS Now
MLS Number: 4241799
APN: 842-17-011
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