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25617 Lake Road

25617 Lake Road, Bay Village, OH 44140
Property in Bay Village
Sold Dec 04, 2020
$350,000
$280,000 by Rockway Mortgage Company Inc
Mortgage Due Oct 01, 2051
Sold Jun 02, 1986
Transfer
25617 Lake Road in Bay Village, OH was first built in 1925 and is 99 years old. Although, the building on the property was most recently renovated and altered in 1962. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 11 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 25617 Lake Road has 3,102 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,210 ft and the linear feet between the front and back of the lot is 2,570. In total, the area measurement of the land is 30,056 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gambrel style roof made of slate. Water for the property is sourced from a municipal system. The property is connected to a storm sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed in this manner. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of materials we are unsure of. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 25617 Lake Road sold most recently in Nov 17, 2020 for a total of $350,000. If you work out the math, that's approximately a cost of $87.02 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,417 in taxes each year. 25617 Lake Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $115,815. If we break it down further, the land itself was valued at $30,940. Improvements to the property, however, were assessed at a total of $84,875. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Other
  • Roof Shape Type: Gambrel
  • Roof Cover Type: Slate
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 920
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Depth Feet: 2,570
  • Lot Size Frontage Feet: 1,210
  • Total Building Area: 4,022
  • Gross Building Area: 4,062
  • Building Area: 3,102
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,102
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE FOREST SUBDIVISION
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 87 LKFOR S/L109ALL & NEXT E 20404024

Ownership

  • Current Owner : CORVEY HENRY A
  • Current Owner 2: DIPIETRO DOMINICUE C
  • Previous Owner : DWYER SHUTE AMY
  • Previous Owner 2: TERENCE G DWYER TRUST
  • Owner Before Previous Owner: DWYER TERRY G
  • Owner Before Previous Owner 2: DWYER VIRGINIA S
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Bay Village City School District
  • Census Tract: 130106

Zoning

  • Zoning: 1F-3

Geography

  • Assessors Map Reference: 204-04
  • Parcel: 204-04-023
  • Lot: 87
  • Municipality: BAY VILLAGE
  • Latitude: 41.4855
  • Longitude: -81.903

    Address

  • Full Address: 25617 Lake Rd
  • Address - House Number: 25617
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Bay Village
  • Carrier Code: C003
  • 4-Digit Zip Code: 2631
  • Zip Code: 44140

Valuation

    Tax

  • Total Area: 3,102
  • Tax Year: 2022
  • Tax Amount: $9,417
  • Tax Rate Code Area: BAY VILLAG

    Appraisal Valuation

  • Standard Deviation: 0.2674
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 61
  • Final Value: 494,549
  • High Value: 626,837
  • Low Value: 362,261

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: ROCKWAY MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Sep 30, 2021
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $330,900
  • Market Land Value: $88,400
  • Market Improvement Value: $242,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,815
  • Assessed Land Value: $30,940
  • Assessed Improvements Value: $84,875

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Transaction ID: 11814190258
  • Current Sale Price: $350,000
  • Current Sale Document Type: Land Contract
  • Current Sale Input Document Number: 202012040499
  • Previous Sale Recording Date: Jun 02, 1986
  • Previous Sale Contract Date: Jun 02, 1986
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOT AVAILABLE
  • First Mortgage Transaction Date: Dec 04, 2020
  • First Mortgage Loan Amount: $275,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Land Contract (Argmt. Of Sale)
  • First Mortgage Loan Due Date: Nov 30, 2021

    Financing

  • First Mortgage Financing Type: Unknown

About Bay Village



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Frequently Asked Questions

What neighborhood is 25617 Lake Road located in?
The 25617 Lake Road is a located in the neighborhood of Bay Village in Bay Village, Bay Village.
What is the average sales price for listings in 25617 Lake Road?
The average sales price for units in 25617 Lake Road is $0 currently.

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