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1118 Lake Martin Drive

1118 Lake Martin Drive, Kent, OH 44240
Sold Sep 17, 2020
$355,000
$266,250 by Fairway Independent Mortgage C
Mortgage Due Oct 01, 2050
Sold Sep 17, 2020
$1,420,000
$266,250 by Fairway Independent Mortgage C
Mortgage Due Oct 01, 2050
Local assessors in Kent, OH have categorized 1118 Lake Martin Drive as a residential type of property. The home was built in 1990 and is 34 years old. The property's lot size has been calculated to be 30,797 square feet. The linear feet between the front and back of the lot was measured at 3,080 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1118 Lake Martin Drive has a total of 4,280 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 675 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's baseboard heaters is the primary heating source and it is being fueled with oil. The property was last sold in Sep 15, 2020 for $355,000. That's $60.02 per sqft. Prior to that sales transaction, the property was also sold in Sep 15, 2020 for $1,420,000. 1118 Lake Martin Drive was last assessed in 2023. The total value of the property was assessed at $117,640. Specifically, the land the property is located on was valued at $21,180. While improvements on the property were assessed at a total of $96,460. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,996. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 675
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 30,797
  • Lot Size Depth Feet: 3,080
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,915
  • Gross Building Area: 5,915
  • Building Area: 4,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 4,280
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SUGAR BUSH KNOLLS
  • Land Acres: 0.707
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: SUGAR BUSH KNOLLS BLK A LOT 54 F 349.38

Ownership

  • Current Owner : MACKAY CAITLIN ELIZABETH FEMEC
  • Previous Owner : FAI GEORGE
  • Previous Owner 2: FAI JUDITH
  • Owner Before Previous Owner: FAI GEORGE & JUDITH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Kent City School District
  • School Tax School District: KENT
  • Census Tract: 600402

Geography

  • District: 43
  • Parcel: 43-095-10-00-058-000
  • Block: A
  • Lot: 54
  • Municipality: SUGAR BUSH KNOLL VILL
  • Latitude: 41.2044
  • Longitude: -81.3538

    Address

  • Full Address: 1118 Lake Martin Dr
  • Address - House Number: 1118
  • Address - Street Name: Lake Martin
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Kent
  • Carrier Code: R001
  • 4-Digit Zip Code: 6266
  • Zip Code: 44240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,996
  • Tax Rate Code Area: 43 6705

    Appraisal Valuation

  • Standard Deviation: 0.181
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 468,012
  • High Value: 552,739
  • Low Value: 383,286

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $266,250
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Sep 17, 2020
  • First Open Lien Mortgage Loan Amount: $266,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $336,100
  • Market Land Value: $60,500
  • Market Improvement Value: $275,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,640
  • Assessed Land Value: $21,180
  • Assessed Improvements Value: $96,460

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 17, 2020
  • Current Sale Transaction ID: 11788200575
  • Current Sale Price: $355,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202016953
  • Previous Sale Recording Date: Sep 17, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $1,420,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Sep 17, 2020
  • First Mortgage Loan Amount: $266,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • Previous Mortgage Transaction Date: Sep 17, 2020
  • Previous Mortgage Loan Amount: $266,250
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050

About Sugar Bush Knolls



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House at 1118 Lake Martin Drive,

7279 State Rt

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1118 Lake Martin Drive located in?
The 1118 Lake Martin Drive is a house located in the neighborhood of Sugar Bush Knolls in Sugar Bush Knolls, Kent.
What is the average sales price for listings in 1118 Lake Martin Drive?
The average sales price for units in 1118 Lake Martin Drive is $375,000 , or $88/sqft. currently.

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