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5118 Melody Lane

5118 Melody Lane, Willoughby, OH 44094
Sold Oct 17, 2018
$150,000
$135,000 by Third Federal Savings And Loan
Mortgage Due Jul 01, 2051
Sold Jun 21, 1960
Transfer
5118 Melody Lane has been categorized by the local assessors in Willoughby, OH as a residential type of property. The building on the property was first built in 1955 and is 69 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5118 Melody Lane has 1,468 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 8,999 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5118 Melody Lane was last sold in Oct 15, 2018 for $150,000. According to our calculations, that's $102.18 per sqft. Current property owners are expected to pay $3,650 in taxes per year. The property on 5118 Melody Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $57,260. To break that down further, the land itself was valued at $14,220. While improvements to the property were assessed at a total of $43,040. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,999
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,468
  • Gross Building Area: 1,468
  • Building Area: 1,468
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,468
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RIDGE ACRES ESTATES NO. 2
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 2, 3, 4 & TRACT 10 & 14

Ownership

  • Current Owner : CALLENDER DEBRA
  • Previous Owner : CONWAY LESLY W
  • Previous Owner 2: ESTATE OF ROBERT W YOUNG SR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Willoughby-Eastlake City School District
  • Census Tract: 201300

Zoning

  • Zoning: R-60

Geography

  • Assessors Map Reference: 027-007L-00
  • Subdivision Tract Number: 10,14
  • Parcel: 27-A-007-L-00-023-0
  • Lot: 366
  • Municipality: WILLOUGHBY CITY
  • Latitude: 41.6221
  • Longitude: -81.4309

    Address

  • Full Address: 5118 Melody Ln
  • Address - House Number: 5118
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: OH
  • City Name: Willoughby
  • Carrier Code: C016
  • 4-Digit Zip Code: 4314
  • Zip Code: 44094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,650
  • Tax Rate Code Area: 27

    Appraisal Valuation

  • Standard Deviation: 0.2057
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 225,837
  • High Value: 272,297
  • Low Value: 179,377

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,000
  • First Open Lien Mortgage Lender: THIRD FEDERAL SAVINGS AND LOAN
  • First Open Lien Mortgage Recording Date: Jun 11, 2021
  • First Open Lien Mortgage Loan Amount: $135,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $163,590
  • Market Land Value: $40,630
  • Market Improvement Value: $122,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,260
  • Assessed Land Value: $14,220
  • Assessed Improvements Value: $43,040

    Sales

  • Current Sale Contract Date: Oct 15, 2018
  • Current Sale Recording Date: Oct 17, 2018
  • Current Sale Transaction ID: 11521689512
  • Current Sale Price: $150,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2018R026556
  • Previous Sale Recording Date: Jun 21, 1960
  • Previous Sale Contract Date: Jun 21, 1960
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 17, 2018
  • First Mortgage Loan Amount: $142,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

About Willoughby



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Frequently Asked Questions

What neighborhood is 5118 Melody Lane located in?
The 5118 Melody Lane is a located in the neighborhood of Ridge Acres Estates in Willoughby, Willoughby.
What is the average sales price for listings in 5118 Melody Lane?
The average sales price for units in 5118 Melody Lane is $0 currently.

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