NOT LISTED FOR SALE

8563 Fairlane Dr Olmsted Falls, OH 44138

Estimated Value: $279,000 - $326,000

3 Beds
1.5 Baths
2,256 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $263,000 $117 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,150/month

3 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • 2 Car Attached Garage
  • Falls-Lenox Primary Elementary School Rated A-
  • 1 Fireplace
  • Central Air

About This Home

As of August 2023

Welcome to 8563 Fairlane Drive in Olmsted Township! This 4-level split home presents a wonderful opportunity for those who are willing to add their personal touch. As you enter the home, you will notice the spacious layout! The kitchen features plenty of cabinetry, an oversized pantry and newer appliances, making it a functional and appealing space. The upper level boasts three generously sized bedrooms and a full bath. On the lower level, you'll be amazed by the size of the space, which includes a cozy brick fireplace, perfect for creating a warm and inviting atmosphere. The basement level offers not only ample storage space but also a recreational room and a utility room, adding practicality and versatility to the home. Take advantage of the deck, where you can sit and enjoy the view of the beautifully landscaped treed lot. This home has seen many updates, including a newer roof, driveway, walkways, windows, hot water tank and a brand new heat pump that was installed in June of 2023, ensuring comfort and efficiency for years to come. Olmsted Township, offers a peaceful and family friendly community. with nearby parks, recreational facilities, and a variety of shopping and dining options. The easy access to major highways makes commuting to neighboring cities a breeze.

Last Agent to Sell the Property

Lisa Szaraz

RE/MAX Above & Beyond License #2011001622 Listed on: 07/06/2023

RE/MAX Above & Beyond

Last Buyer's Agent

Peter Spirollari

Century 21 Homestar License #2005002337

Century 21 Homestar

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,237

Year Built

  • Built in 1978

Lot Details

  • 0.34

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1 Fireplace
  • Fire and Smoke Detector
  • Partially Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Deck
  • Wooded Lot

Community Details

  • Brentwood Estates Community

Listing and Financial Details

  • Assessor Parcel Number 263-09-107

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,237

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Split Level
  • Price Per Square Foot: 152.20
  • Estimated Price per Sq Ft: 152.20
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 1728
  • Year Built: 1978
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: lisaszaraz@remax.net (216) 577-5437
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Room Count: 9
  • Basement Detail: Partially Finished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1728.00
  • Sq Ft Approx Below Grade Finished: 528.00
  • Sq Ft Approx Total Finished: 2256.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Deck
  • Roof: Asphalt/Fiberglass

Garage/Parking

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

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Electric
  • Heating Type: Fireplace, Heat Pump
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Brentwood Estates

Schools

  • School District: Olmsted Falls CSD
  • School District: Olmsted Falls CSD

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Parcel Number: 263-09-107
  • LandLeaseYN: No

Tax Info

  • Tax: 5237

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 15, 2023
Sold by
Stec William Rudolph
Bought by
Llazari Serjan and Kraja Erjola
Seller's Agent
Lisa Szaraz
RE/MAX Above & Beyond
Buyer's Agent
Peter Spirollari
Century 21 Homestar
List Price
$245,000
Sold Price
$263,000
Premium/Discount to List
$18,000
7.35%
Views
109
Current Estimated Value
$300,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,827
Avg. Annual Appreciation
3.26%
Original Mortgage
$200,000
Outstanding Balance
$196,406
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$84,394

Purchase Details

Closed on
Feb 9, 2022
Sold by
Stec Michael E
Bought by
Stec William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2021
Sold by
Estate Of Marie A Stec
Bought by
Stec William R and Stec Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 1988
Sold by
Stec William
Bought by
Stec Marie A

Purchase Details

Closed on
May 24, 1978
Bought by
Stec William

Purchase Details

Closed on
Jun 2, 1977
Bought by
Lifetime Homes Inc

Purchase Details

Closed on
Jan 27, 1977
Bought by
Lifetime Homes Ltd

Purchase Details

Closed on
Apr 15, 1976
Bought by
Lifetime Deve Co

Purchase Details

Closed on
Jan 1, 1975
Bought by
Womens Federal S & L Assn
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
Llazari Serjan $263,000 Infinity Title
Stec William R -- Greater Cleveland Title
Stec William R -- None Available
Stec Marie A -- --
Stec William $51,500 --
Lifetime Homes Inc -- --
Lifetime Homes Ltd -- --
Lifetime Deve Co -- --
Womens Federal S & L Assn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Llazari Serjan $200,000
Previous Owner Stec William R $129,800
Previous Owner Stec William R $129,800
Previous Owner Stec William R $120,000
Previous Owner Stec Marie A $50,000
Previous Owner Stec Marie A $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $263,000 +7.3% $117 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $245,000 -- $109 / 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 $6,167 $90,825 $15,540 $75,285
2023 $5,241 $64,510 $13,410 $51,100
2022 $5,237 $64,510 $13,410 $51,100
2021 $5,921 $64,510 $13,410 $51,100
2020 $4,773 $54,220 $11,270 $42,950
2019 $4,337 $154,900 $32,200 $122,700
2018 $4,251 $54,220 $11,270 $42,950
2017 $4,352 $53,130 $10,430 $42,700
2016 $4,331 $53,130 $10,430 $42,700
2015 $4,264 $53,130 $10,430 $42,700
2014 $4,264 $51,600 $10,120 $41,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4471599

MLS Now

APN: 263-09-107