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7117 Lassiter Drive

7117 Lassiter Drive, Cleveland, OH 44129
Property in Parma
Sold Mar 31, 2017
$100,000
$183,658 by Mid-american Mortgage Inc
Mortgage Due Apr 01, 2047
Sold May 18, 1993
$39,000
Buyer
7117 Lassiter Drive has been categorized by the local assessors in Cleveland, OH as a residential type of property. The building on the property was first built in 1994 and is 30 years old. However, we must point out that the home was most recently renovated and altered in 2003. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7117 Lassiter Drive has 2,110 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 1,300 ft and across the front of the lot is 930 ft. The area measurement of the land has been determined as 12,087 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 attached garage for those who require parking. The garage measured 462 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 good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B 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 forced air unit 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 storm sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though you may still need to pay additional fees to have your wastewater disposed in this manner. 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, 7117 Lassiter Drive sold most recently in Mar 31, 2016 for a total of $100,000. If you work out the math, that's approximately a cost of $28.77 per sqft. Before that, the property was also sold for $39,000 in May 18, 1993. 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 $5,871 in taxes each year. 7117 Lassiter Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $85,715. If we break it down further, the land itself was valued at $17,815. Improvements to the property, however, were assessed at a total of $67,900. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1994
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 904
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,087
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 930
  • Total Building Area: 3,476
  • Gross Building Area: 3,476
  • Building Area: 2,110
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,110
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VISTA RIDGE SUBD EST
  • Land Acres: 0.278
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 17 VISTA RIDGE SUBD EST .28A 0047

Ownership

  • Current Owner : MCKAY MICHAEL P
  • Current Owner 2: MCKAY GERALYN R
  • Previous Owner : LANG JAMES A
  • Previous Owner 2: LANG BRENDA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Parma City School District
  • School Tax School District: PARMA CSD
  • Census Tract: 177608

Zoning

  • Zoning: SF-AA

Geography

  • Assessors Map Reference: 450-23
  • Parcel: 450-23-062
  • Lot: 47
  • Municipality: PARMA
  • Latitude: 41.371
  • Longitude: -81.7229

    Address

  • Full Address: 7117 Lassiter Dr
  • Address - House Number: 7117
  • Address - Street Name: Lassiter
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Cleveland
  • Carrier Code: C007
  • 4-Digit Zip Code: 6352
  • Zip Code: 44129

Valuation

    Tax

  • Total Area: 2,110
  • Tax Year: 2022
  • Tax Amount: $5,871
  • Tax Rate Code Area: PARMA

    Appraisal Valuation

  • Standard Deviation: 0.2684
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 61
  • Final Value: 323,111
  • High Value: 409,845
  • Low Value: 236,377

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $186,927
  • First Open Lien Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Mar 31, 2017
  • First Open Lien Mortgage Loan Amount: $183,658
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2047
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Oct 14, 2022
  • Second Open Lien Mortgage Loan Amount: $3,269
  • Second Open Lien Mortgage Term: 293
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2047

    Market Valuation

  • Market Total Value: $244,900
  • Market Land Value: $50,900
  • Market Improvement Value: $194,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,715
  • Assessed Land Value: $17,815
  • Assessed Improvements Value: $67,900

    Sales

  • Current Sale Contract Date: Mar 31, 2016
  • Current Sale Recording Date: Mar 31, 2017
  • Current Sale Transaction ID: 1807392653
  • Current Sale Price: $100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201703310758
  • Previous Sale Recording Date: May 18, 1993
  • Previous Sale Contract Date: May 18, 1993
  • Previous Sale Amount: $39,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Mortgage Transaction Date: Mar 31, 2017
  • First Mortgage Loan Amount: $183,658
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2047

About Parma



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Frequently Asked Questions

What neighborhood is 7117 Lassiter Drive located in?
The 7117 Lassiter Drive is a located in the neighborhood of Parma in Parma, Cleveland.
What is the average sales price for listings in 7117 Lassiter Drive?
The average sales price for units in 7117 Lassiter Drive is $0 currently.

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