NOT LISTED FOR SALE

8463 Summit Dr Chagrin Falls, OH 44023

Estimated Value: $421,000 - $530,000

3 Beds
3 Baths
2,406 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 06, 2016

Last sale price $285,000 $118 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,172/month

7 Days on Market

Highlights

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

About This Home

As of December 2016

Feel right at home in this charming Cape Cod located on a wooded lot in Lake Lucerne! Originally built in 1935 as a summer lake cottage, this home combines old world appeal with modern updates made throughout the years. The floorplan has a fantastic layout featuring spacious rooms with attractive details such hardwood floors, a freshly painted interior, warm wood accents, plenty of natural light, and tranquil views. The great room features a vaulted ceiling with lovely wood beams and a stone fireplace. Off the great room is a dining room with built-ins and sliders leading outside. The kitchen showcases stainless steel appliances, subway tile backsplash, and a greenhouse window flooding the room with natural light. A bonus room off the garage and foyer makes for a great family room or additional living space. Two bedrooms can also be found on the first floor, including a guest suite featuring an updated bathroom with newer fixtures. The second floor master suite is incredibly spacious with room for an office or sitting area. Outside, relax on the composite deck and enjoy a beautiful private backyard with a gardening area. Recent improvements include a newer hot water tank, plumbing in the utility room, drainage system for the east and south side, and tree removal. Live in a one of a kind lake community with a beach, tennis courts, softball, and community green. If you’re looking for a home in a wonderful community, don’t miss out on this home before it’s too late!

Last Agent to Sell the Property

The Young Team

Keller Williams Greater Metropolitan License #2009004440 Listed on: 09/28/2016

Keller Williams Greater Metropolitan

Last Buyer's Agent

Kathy Nerpouni

Deleted Agent License #329929

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,207

Year Built

  • Built in 1935

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x195
  • North Facing Home
  • Property has an invisible fence for dogs
  • Wooded Lot

HOA Fees

  • $122 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,406 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace
  • Views of Woods
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02050200

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,207

Year Built

Built in 1935

Lot Details

0

HOA Fees

$122 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • House Faces: North
  • Price Per Square Foot: 118.45
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.50
  • Total Sq Ft: 2406
  • Year Built: 1935
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Main Level Full Bathrooms: 2
  • Room Count: 8
  • Basement Detail: Crawl
  • Estimated Sq Ft: 2406

Exterior Features

  • View: Wooded
  • Exterior: Wood
  • Exterior Features: Deck, Patio
  • Fences: Invisible Pet
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities: Playground, Tennis Courts

Condo/Co-op/Association

  • HOA Fees: 1460.00
  • HOA Fee Frequency: Annually
  • Hoa Name: Lake Lucerne Club Co
  • Subdivision Complex: Lake Lucerne

Fee Information

  • HOA Fee Includes: Association Insurance, Recreation, Snow Removal, Water

Schools

  • School District: Kenston LSD
  • School District: Kenston LSD

Lot Info

  • Lot Dimensions: 75X195
  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.3400
  • Parcel Number: 02050200

Tax Info

  • Tax: 5207

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2016
Closed on
Dec 5, 2016
Sold by
Tome Ian and Thome Emily
Bought by
Franz William and Franz Katherine
Seller's Agent
The Young Team
Keller Williams Greater Metropolitan
Buyer's Agent
Kathy Nerpouni
Deleted Agent
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%
Current Estimated Value
$472,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,557
Avg. Annual Appreciation
5.59%
Original Mortgage
$270,750
Outstanding Balance
$138,127
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$321,376

Purchase Details

Closed on
Aug 28, 2003
Sold by
Malone Lisa B
Bought by
Fuller William R and Fuller Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.97%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 18, 1997
Sold by
Manke Jon E and Manke Polly J
Bought by
Malone Lisa B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 28, 1994
Sold by
Vonborcke Hans A
Bought by
Manke Jon E and Manke Polly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
8.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Franz William $285,000 Attorney
Fuller William R $225,000 Central Title Of Kent
Malone Lisa B $165,500 --
Manke Jon E $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franz William $270,750
Previous Owner Thome Ian $224,315
Previous Owner Thome Emily $7,750
Previous Owner Thome Ian $242,731
Previous Owner Thome Ian $242,731
Previous Owner Fuller Karen L $50,000
Previous Owner Fuller William R $180,000
Previous Owner Malone Lisa B $105,000
Previous Owner Malone Lisa B $40,000
Previous Owner Malone Lisa B $20,000
Previous Owner Malone Lisa B $75,000
Previous Owner Manke Jon E $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2016 12/06/16 Sold $285,000 -3.4% $118 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $295,000 -- $123 / 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 $6,394 $119,670 $25,270 $94,400
2023 $5,738 $119,670 $25,270 $94,400
2022 $6,158 $100,730 $21,070 $79,660
2021 $6,178 $100,730 $21,070 $79,660
2020 $6,347 $100,730 $21,070 $79,660
2019 $5,869 $85,820 $21,070 $64,750
2018 $5,867 $85,820 $21,070 $64,750
2017 $5,869 $85,820 $21,070 $64,750
2016 $5,355 $76,760 $19,500 $57,260
2015 $5,207 $76,760 $19,500 $57,260
2014 $4,758 $76,760 $19,500 $57,260
2013 $4,794 $76,760 $19,500 $57,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3848398

MLS Now

APN: 02-050200