NOT LISTED FOR SALE

8390 Summit Dr Chagrin Falls, OH 44023

Estimated Value: $564,000 - $638,516

4 Beds
2.5 Baths
2,860 Sq Ft
$209/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $485,000 $170 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,926/month

3 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • Wooded Lot
  • Timmons Elementary School Rated A
  • Community Lake
  • 1 Fireplace

About This Home

As of September 2021

Rare opportunity to own a triple lot, on Summit Drive in this fabulous lake community! This home has so many mid-century, architectural details, allowing for great light, with its high ceilings and skylights. You'll have two front doors to choose from, but will surely enjoy the pergola and gorgeous flowers when they greet you. From this entrance you can see straight through to the fabulous back yard, via floor to ceiling windows. Immediately you'll walk into the Great Room with vaulted ceilings and the Eat-in Kitchen - complete with walk-in pantry. This wide open floor plan is so welcoming, and is also what greets you from the garage entry. Behind the second entrance is a formal sitting room and fireplace, which then branch off to the first floor Owner's suite. The walk-in closet is spacious, and the bath nicely updated. Upstairs you'll find three large bedrooms and a full, updated bath, with plenty of hallway storage. In the finished lower level there is plenty of space for an office and a work-out area, making the total living space, just under 3000 sq feet. New tear off roof in 2018. Outside, this beautiful home sits on three parcels, making up .68 acres in all, which is a very generous lot for the neighborhood. Gorgeous landscaping and perennials throughout, it provides a lovely sanctuary, in a fantastic location.

Last Agent to Sell the Property

Rachel Liberati

Howard Hanna License #2013003329 Listed on: 07/16/2021

Howard Hanna

Last Buyer's Agent

Mary Frances LaGanke

Howard Hanna License #2009003536

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,964

Year Built

  • Built in 1947

Lot Details

  • 0.69 Acre Lot
  • South Facing Home
  • Wooded Lot

HOA Fees

  • $152 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Views of Woods
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-310150

Community Details

Overview

  • Association fees include recreation, snow removal, water
  • Lake Lucerne Community
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,964

Year Built

Built in 1947

Lot Details

0

HOA Fees

$152 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 205.51
  • Estimated Price per Sq Ft: 205.51
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2360
  • Year Built: 1947
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1947

Interior Features

  • Fireplaces: 1
  • Total Bedrooms: 4
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Basement Detail: Finished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2360.00
  • Sq Ft Approx Below Grade Finished: 500.00
  • Sq Ft Approx Total Finished: 2860.00

Exterior Features

  • View: Wooded
  • Exterior: Brick, Cedar
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 2

Utilities

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

Association/Amenities

  • Amenities: Community, Lake, Park, Playground, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 1821.76
  • HOA Fee Frequency: Annually
  • Hoa Name: Lake Lucerne
  • Subdivision Complex: Lake Lucerne

Fee Information

  • HOA Fee Includes: Recreation, Snow Removal, Water

Schools

  • School District: Kenston LSD

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.6887
  • Parcel Number: 02-310150

Tax Info

  • Tax: 5964

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2023
Sold by
Laganke Timothy J
Bought by
Wolfe David William and Goldsword Molly Elizabeth
Current Estimated Value
$597,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,500
Outstanding Balance
$490,036
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$107,343

Purchase Details

Closed on
Nov 29, 2022
Sold by
Laganke Mary Frances
Bought by
Laganke Timothy J

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 7, 2021
Sold by
Rao Stephen M
Bought by
Laganke Timothy J and Laganke Mary Frances
Seller's Agent
Rachel Liberati
Howard Hanna
Buyer's Agent
Mary Frances LaGanke
Howard Hanna
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%

Purchase Details

Closed on
May 27, 2003
Sold by
Lloyd Ronald D and Lloyd Sharon K
Bought by
Hays Marc A and Capuano Robyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,800
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 1992
Bought by
Speck Carl E
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
Wolfe David William -- None Listed On Document
Laganke Timothy J -- --
Laganke Timothy J -- Revere Title
Hays Marc A $301,000 Guardian Title
Speck Carl E $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe David William $503,500
Previous Owner Hays Marc A $240,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $485,000 +7.8% $170 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $450,000 -- $157 / 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 $7,587 $142,000 $19,290 $122,710
2023 $7,587 $142,000 $19,290 $122,710
2022 $6,306 $103,150 $16,070 $87,080
2021 $6,327 $103,150 $16,070 $87,080
2020 $6,499 $103,150 $16,070 $87,080
2019 $5,942 $86,880 $16,070 $70,810
2018 $5,939 $86,880 $16,070 $70,810
2017 $5,942 $86,880 $16,070 $70,810
2016 $5,616 $80,510 $19,500 $61,010
2015 $4,990 $80,510 $19,500 $61,010
2014 $4,990 $80,510 $19,500 $61,010
2013 $5,028 $80,510 $19,500 $61,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4297615

MLS Now

APN: 02-310150