NOT LISTED FOR SALE

8248 Summit Dr Chagrin Falls, OH 44023

Estimated Value: $434,000 - $525,643

4 Beds
2 Baths
2,766 Sq Ft
$174/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $375,000 $136 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,334/month

87 Days on Market

Highlights

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

About This Home

As of April 2023

Charming shake cottage in the desirable neighborhood of Lake Lucerne! A warm and cozy four bedroom, two full bath home with a versatile and open floor plan Two bedrooms and a full bath on the first floor, and your choice of master bedroom on second or short stairway up to the third floors. The spacious living room is open to the kitchen and dining areas with a great sun room off the rear of the house with built in desk/work area. There is a large family room on the lower level with a fireplace down stairs for those cozy winter nights and newly installed flooring Dec 2022. The sun room leads to a spacious deck, large back yard and detached two car garage where friends can meet and enjoy the wooded lot, the neighborhood friends and the sought after Lake Lucerne living. The Lake Lucerne community has swimming at the lake and beach, playground, tennis courts, sand volleyball, and is a socially active neighborhood. A wonderful place to call home sweet home!

Last Agent to Sell the Property

Susan Metallo

Berkshire Hathaway HomeServices Professional Realty License #2022003687 Listed on: 12/17/2022

Berkshire Hathaway HomeServices Professional Realty

Last Buyer's Agent

Noreen Kaseda

Berkshire Hathaway HomeServices Professional Realty License #424950

Berkshire Hathaway HomeServices Professional Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,826

Year Built

  • Built in 1934

Lot Details

  • 0.34 Acre Lot
  • Street terminates at a dead end
  • South Facing Home
  • Unpaved Streets
  • Wooded Lot

HOA Fees

  • $156 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,766 Sq Ft Home
  • 2.5-Story Property
  • 2 Fireplaces
  • Views of Woods
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-296400

Community Details

Overview

  • Association fees include insurance, entrance maint., recreation, reserve fund, water
  • Lake Lucerne Community

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,826

Year Built

Built in 1934

Lot Details

0

HOA Fees

$156 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • House Faces: South
  • Price Per Square Foot: 135.57
  • Estimated Price per Sq Ft: 135.57
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.50
  • Total Sq Ft: 2766
  • Year Built: 1934
  • Association Bylaws: https://www.lakelucerneohio.com/
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1934

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range, Refrigerator, Smoke Detector, Wall Oven, Washer
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Bedrooms on Main Level: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Room Count: 9
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2766.00
  • Sq Ft Approx Total Finished: 2766.00

Exterior Features

  • View: Wooded
  • Exterior: Wood
  • Exterior Features: Deck, Porch
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

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

Association/Amenities

  • Amenities: Park, Playground, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 1867.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Lake Lucerne
  • Subdivision Complex: Lake Lucerne

Fee Information

  • HOA Fee Includes: Association Insurance, Entrance Maint., Recreation, Reserve Fund, Water

Schools

  • School District: Kenston LSD

Lot Info

  • Lot Description: Dead End Street, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.3400
  • Parcel Number: 02-296400
  • LandLeaseYN: No

Tax Info

  • Tax: 5826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2017
Closed on
Jun 23, 2017
Bought by
Parschauer Karah H & John M Jr Trus
Seller's Agent
Mary Elizabeth Wolfe
Howard Hanna
Buyer's Agent
Susan Metallo
Berkshire Hathaway HomeServices Professional Realty
List Price
$296,000
Sold Price
$287,000
Premium/Discount to List
-$9,000
-3.04%
Current Estimated Value
$482,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,661
Avg. Annual Appreciation
6.31%
Interest Rate
3.9%

Purchase Details

Closed on
Mar 26, 2015
Sold by
Orzack Owen M and Byrnes Anne V
Bought by
Owen M Orzack Declaration Of Trust and Byrnes Anne V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 13, 2015
Sold by
Orzack Owen and Orzack Owen M
Bought by
Orzack Owen and Byrnes Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 12, 2013
Sold by
Parschauer Family Trust
Bought by
Ivakovic Alexandria and Ivakovic Igor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2005
Sold by
Brosterhous Derek E and Brosterhous Tamara C
Bought by
Orzack Owen M and Orzack Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 1998
Sold by
Reinhardt Cynthia Jane
Bought by
Brosterhous Derek E and Brosterhous Tamara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,969
Interest Rate
7.01%

Purchase Details

Closed on
Jan 1, 1990
Bought by
Reinhardt James W
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
Parschauer Karah H & John M Jr Trus $287,000 --
Owen M Orzack Declaration Of Trust -- Attorney
Orzack Owen -- Attorney
Ivakovic Alexandria -- None Listed On Document
Orzack Owen M $296,000 Multiple
Brosterhous Derek E $180,000 --
Reinhardt James W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parschauer Karah H & John M Jr Trus --
Previous Owner Orzack Owen $200,000
Previous Owner Ivakovic Alexandria $356,250
Previous Owner Orzack Owen M $199,000
Previous Owner Brosterhous Derek E $165,969
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2023 04/21/23 Sold $375,000 -11.8% $136 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $425,000 -9.4% $154 / Sq Ft
12/17/2022 12/17/22 For Sale $469,000 +63.4% $170 / Sq Ft
06/23/2017 06/23/17 Sold $287,000 -3.0% $104 / Sq Ft View Prior Sale
05/22/2017 05/22/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $296,000 -- $107 / 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 $7,786 $123,130 $25,270 $97,860
2023 $7,786 $123,130 $25,270 $97,860
2022 $5,807 $94,990 $21,070 $73,920
2021 $5,826 $94,990 $21,070 $73,920
2020 $6,988 $94,990 $21,070 $73,920
2019 $5,551 $81,170 $21,070 $60,100
2018 $6,510 $81,170 $21,070 $60,100
2017 $5,551 $81,170 $21,070 $60,100
2016 $4,930 $70,670 $19,500 $51,170
2015 $4,523 $70,670 $19,500 $51,170
2014 $4,523 $70,670 $19,500 $51,170
2013 $4,302 $68,890 $19,500 $49,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4427523

MLS Now

APN: 02-296400