NOT LISTED FOR SALE

8886 Summerset Ln Unit 125 Olmsted Falls, OH 44138

Estimated Value: $213,000 - $253,000

3 Beds
2.5 Baths
1,752 Sq Ft
5.35 Acres

Last Sold October 08, 2021

Last sale price $160,000 $91 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,527/month

3 Days on Market

Highlights

  • Community Lake
  • Community Pool
  • 2 Car Attached Garage
  • Falls-Lenox Primary Elementary School Rated A-
  • Enclosed Patio or Porch
  • Park

About This Home

As of October 2021

Well Cared For 3 Bed, 2.5 Bath Free Standing, Cluster Home. Offering just under 1,800 sq.ft. of bright and open space with plenty of storage. Recent full renovation of lower level including family room, utility area and half bath. New H2O Tank. Enjoy the warmer seasons from the bright and spacious enclosed patio. Located in the peaceful and serene Raintree Development that features a pool, picnic area, lake and playground. Pets Allowed. Snow Removal, Lawn Care and Recreation included in Low monthly fee. All major appliances stay! Features an attached, spacious 2 car garage. This beautiful home is ready for you to move in and enjoy!

Last Agent to Sell the Property

Scott Mayo

RE/MAX Above & Beyond License #2004003359 Listed on: 08/27/2021

RE/MAX Above & Beyond

Last Buyer's Agent

Gene Pate

Berkshire Hathaway HomeServices Stouffer Realty License #2014001882

Berkshire Hathaway HomeServices Stouffer Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,668

Year Built

  • Built in 1981

Lot Details

  • 5.35

Home Design

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

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 291-03-802C

Community Details

Overview

  • $165 Annual Maintenance Fee
  • Maintenance fee includes Landscaping, Property Management, Recreation, Snow Removal
  • Summerset/Raintree Condos Community
  • Community Lake
  • 15-Story Property

Recreation

  • Community Pool
  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,668

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Dwelling Type: Attached
  • Style: Cluster Home, Split Level
  • Price Per Square Foot: 135.59
  • Estimated Price per Sq Ft: 135.59
  • Year Built Exception: Actual YBT
  • Num Of Stories: 15.00
  • Total Sq Ft: 1180
  • Year Built: 1981
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Pet Limitations: See bylaws.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 15
  • Year Built: 1981

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Room Count: 8
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1180.00
  • Sq Ft Approx Below Grade Finished: 572.00
  • Sq Ft Approx Total Finished: 1752.00

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Exterior Features: Enclosed Patio/Porch
  • 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: Gas
  • Heating Type: Heat Pump
  • Water/Sewer: Public Water, Public Sewer

Association/Amenities

  • Amenities: Lake, Park, Pool

Condo/Co-op/Association

  • Maint Fee Amount: 165.00
  • Maint Fee Freq: Monthly
  • Maint Fee Includes: Landscaping, Property Management, Recreation, Snow Removal
  • Maint Provider: Raintree
  • Subdivision Complex: Summerset/Raintree Condos

Schools

  • School District: Olmsted Falls CSD

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 291-03-802C

Rental Info

  • PetsAllowed: Yes

Tax Info

  • Tax: 2668

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 6, 2021
Sold by
Walters Rita A
Bought by
Dunning Cohn
Seller's Agent
Scott Mayo
RE/MAX Above & Beyond
Buyer's Agent
Gene Pate
Berkshire Hathaway HomeServices Stouffer Realty
List Price
$156,000
Sold Price
$160,000
Premium/Discount to List
$4,000
2.56%
Current Estimated Value
$230,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,828
Avg. Annual Appreciation
9.21%
Original Mortgage
$128,000
Outstanding Balance
$117,076
Interest Rate
3.01%
Estimated Equity
$113,752

Purchase Details

Closed on
May 2, 2005
Sold by
Giannakopoulos Melissa A and Giannakopoulos Dean
Bought by
Walters Rita A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 12, 1999
Sold by
Hennessey Melissa A
Bought by
Hennessey Melissa A and Giannakopoulos Dean

Purchase Details

Closed on
Jan 26, 1999
Sold by
Swisher Gary W
Bought by
Hennessey Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.75%

Purchase Details

Closed on
Dec 24, 1997
Sold by
Korcsmar Dorothy I
Bought by
Swisher Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1989
Sold by
Tiefert Marilyn and Tiefert Richard F
Bought by
Korcsmar Dorothy I

Purchase Details

Closed on
Jan 1, 1982
Bought by
Tiefert Marilyn and Tiefert Richard F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Dunning Cohn $160,000 None Available
Walters Rita A $138,500 Tier One
Hennessey Melissa A -- Afn
Hennessey Melissa A $109,000 --
Swisher Gary W $110,000 --
Korcsmar Dorothy I $84,000 --
Tiefert Marilyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunning Cohn $128,000
Previous Owner Walters Rita A $110,500
Previous Owner Hennessey Melissa A $87,000
Previous Owner Swisher Gary W $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $160,000 +2.6% $91 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $156,000 -- $89 / 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 $3,751 $56,000 $6,370 $49,630
2023 $3,950 $48,760 $4,900 $43,860
2022 $3,881 $48,755 $4,900 $43,855
2021 $3,192 $48,760 $4,900 $43,860
2020 $2,668 $38,080 $3,820 $34,270
2019 $2,367 $108,800 $10,900 $97,900
2018 $2,242 $38,080 $3,820 $34,270
2017 $2,108 $32,620 $3,290 $29,330
2016 $2,095 $32,620 $3,290 $29,330
2015 $2,584 $32,620 $3,290 $29,330
2014 $2,584 $36,260 $3,640 $32,620
Source: Public Records

Agents Affiliated with this Home

  • Scott Mayo

    Seller's Agent in 2021

    Scott Mayo

    RE/MAX

    (440) 552-0495

    4 in this area

    32 Total Sales

    Scott Mayo
    Section Image
  • Gene Pate

    Buyer's Agent in 2021

    Gene Pate

    Berkshire Hathaway HomeServices Stouffer Realty

    (330) 331-5223

    1 in this area

    4 Total Sales

    Gene Pate
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4311658

MLS Now

APN: 291-03-802C

Ohio Cuyahoga County Olmsted Falls 44138

8886 Summerset Ln Unit 125, Olmsted Falls, OH

Not Listed for Sale

Condos

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