NOT LISTED FOR SALE

8874 Summerset Ln Unit 122 Olmsted Falls, OH 44138

Estimated Value: $186,000 - $228,000

3 Beds
2.5 Baths
1,752 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $157,000 $90 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,693/month

2 Days on Market

Highlights

  • Community Lake
  • Community Pool
  • 2 Car Attached Garage
  • Falls-Lenox Primary Elementary School Rated A-
  • Cul-De-Sac
  • Patio

About This Home

As of June 2021

Nice spacious condo in a quiet cul-de-sac with tons of potential! As you enter through the front you will first notice the spacious great room on the main level. The kitchen, which opens out onto a back patio, includes all appliances and just needs your finishing touches! Down a half flight of stairs the fully finished lower lever includes a generous family/rec room and a convenient half bath. Upstairs, there is a nice owners suite with a private full bath and two closets. Two additional bedrooms and another full bath complete the upper level. Located in the peaceful Raintree development that features a pool, picnic area, playground, and lake! Convenient location just off of Sprague road very close to shops and metroparks in nearby Berea.

Last Agent to Sell the Property

The Young Team

Keller Williams Greater Metropolitan License #2009004440 Listed on: 04/15/2021

Keller Williams Greater Metropolitan

Last Buyer's Agent

Dianna Hosta

Russell Real Estate Services License #314728

Russell Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,209

Year Built

  • Built in 1981

Lot Details

  • 5

HOA Fees

  • $164 Monthly HOA Fees

Home Design

  • Split Level Home
  • Cluster Home
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,752 Sq Ft Home
  • 2-Story Property

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Additional Features

  • Patio
  • Cul-De-Sac

Listing and Financial Details

  • Assessor Parcel Number 291-03-805C

Community Details

Overview

  • Association fees include landscaping, property management, recreation, snow removal
  • Summerset/Raintree Condos Community
  • Community Lake

Recreation

  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,209

Year Built

Built in 1981

Lot Details

0

HOA Fees

$164 per month

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Dwelling Type: Detached
  • Style: Cluster Home, Split Level
  • Price Per Square Foot: 89.61
  • Estimated Price per Sq Ft: 89.61
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1752
  • Year Built: 1981
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1981

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bedrooms on Main Level: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Room Count: 6
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1752.00
  • Sq Ft Approx Total Finished: 1752.00

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Exterior Features: Patio
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Door Opener, Electric
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Central Air
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Lake, Park, Pool

Condo/Co-op/Association

  • HOA Fees: 164.00
  • HOA Fee Frequency: Monthly
  • Hoa Name: Raintree
  • Subdivision Complex: Summerset/Raintree Condos

Fee Information

  • HOA Fee Includes: Landscaping, Property Management, Recreation, Snow Removal

Schools

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

Lot Info

  • Lot Description: Cul de Sac
  • Lot Size Units: Acres
  • Parcel Number: 291-03-805C

Rental Info

  • PetsAllowed: Yes

Tax Info

  • Tax: 3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 20, 2021
Sold by
Flashhouse Cle West Llc
Bought by
Mucci Georgette
Seller's Agent
The Young Team
Keller Williams Greater Metropolitan
Buyer's Agent
Dianna Hosta
Russell Real Estate Services
List Price
$149,900
Sold Price
$157,000
Premium/Discount to List
$7,100
4.74%
Total Days on Market
2
Current Estimated Value
$208,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,158
Avg. Annual Appreciation
7.81%
Original Mortgage
$149,150
Outstanding Balance
$136,498
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$76,246

Purchase Details

Listed on
Apr 15, 2021
Closed on
Apr 5, 2021
Sold by
Ledwell Terrell L and Ledwell Melissa
Bought by
Flashhouse Cle West Llc
Seller's Agent
The Young Team
Keller Williams Greater Metropolitan
Buyer's Agent
Dianna Hosta
Russell Real Estate Services
List Price
$149,900
Sold Price
$157,000
Premium/Discount to List
$7,100
4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,150
Outstanding Balance
$136,498
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$76,246

Purchase Details

Closed on
Jul 1, 2000
Sold by
Coune Alphonse J and Coune Alphonse J
Bought by
Ledwell Terrell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
9.62%

Purchase Details

Closed on
Jul 26, 1995
Sold by
Corbo Gerald
Bought by
Coune Alphonse J and Coune Alphonse J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 1985
Bought by
Corbo Gerald A

Purchase Details

Closed on
Jan 1, 1982
Bought by
Flair Bldrs Inc
Source: Public Records

Similar Home in the area

  • 771 Trotter Ln, Berea, OH 44017

    $229,900

    • 3 Beds
    • 2 Baths
    • 1,428 Sq Ft
    • 771 Trotter Ln
    • Berea, OH

    Welcome to 771 Trotter Lane, a beautifully maintained 3-bedroom, 2-bath ranch located in the desirable Blue Grass development. This home offers comfortable, one-level living with a warm and inviting living room featuring a wood-burning fireplace. The family room opens to a charming enclosed patio that overlooks a fully fenced backyard, perfect for outdoor entertaining or quiet relaxation.Enjoy

    Kathy Montgomery Russell Real Estate Services

    Section Image
See All Homes in Olmsted Falls

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mucci Georgette $157,000 Ohio Real Title
Flashhouse Cle West Llc $118,000 Ohio Real Title
Ledwell Terrell L $115,000 --
Coune Alphonse J $104,000 --
Corbo Gerald A $70,000 --
Flair Bldrs Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mucci Georgette $149,150
Previous Owner Flashhouse Cle West Llc $100,200
Previous Owner Ledwell Terrell L $117,500
Previous Owner Ledwell Terrell L $113,900
Previous Owner Ledwell Terrell L $109,250
Previous Owner Coune Alphonse J $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $157,000 +4.7% $90 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $149,900 -- $86 / 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 $4,395 $65,065 $6,510 $58,555
2023 $4,053 $49,110 $4,940 $44,170
2022 $4,014 $49,110 $4,940 $44,170
2021 $3,898 $49,110 $4,940 $44,170
2020 $3,452 $38,360 $3,850 $34,510
2019 $3,065 $109,600 $11,000 $98,600
2018 $3,065 $38,360 $3,850 $34,510
2017 $2,862 $32,910 $3,330 $29,580
2016 $2,846 $32,910 $3,330 $29,580
2015 $3,380 $32,910 $3,330 $29,580
2014 $3,380 $36,550 $3,680 $32,870
Source: Public Records

Agents Affiliated with this Home

  • The Young Team

    Seller's Agent in 2021

    The Young Team

    Keller Williams Greater Metropolitan

    (216) 378-9618

    9 in this area

    835 Total Sales

    The Young Team
    Section Image
  • Dianna Hosta

    Buyer's Agent in 2021

    Dianna Hosta

    Russell Real Estate Services

    (440) 785-6800

    4 in this area

    124 Total Sales

    Dianna Hosta
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4269566

MLS Now

APN: 291-03-805C

Ohio Cuyahoga County Olmsted Falls 44138

8874 Summerset Ln Unit 122, Olmsted Falls, OH

This home is located at 8874 Summerset Ln Unit 122, Olmsted Falls, OH 44138 since 15 April 2021 and is currently estimated at $208,158, approximately $118 per square foot. This property was built in 1981. 8874 Summerset Ln Unit 122 is a home located in Cuyahoga County with nearby schools including Falls-Lenox Primary Elementary School, Olmsted Falls Intermediate Building, and Olmsted Falls Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes