7420 Lake Road

Local assessors in Chippewa Lake, OH have categorized 7420 Lake Road as a residential type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 13,939 square feet. The linear feet between the front and back of the lot was measured at 1,580 ft and the front of the lot was measured at 60 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7420 Lake Road has a total of 3,720 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. 7420 Lake Road is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Additional features on the property are as follows. There is a pole garage for those who need a place to park their vehicle. The garage on the property is 1,120 sqft. There are 4 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 open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. 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, 7420 Lake Road was last sold in Mar 31, 2020 for $350,000. According to our calculations, that's $94.09 per sqft. Prior to that sales transaction, the property was sold for $148,000 in Nov 21, 2004. Current property owners are expected to pay $5,456 in taxes per year. The property on 7420 Lake Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $116,480. To break that down further, the land itself was valued at $22,750. While improvements to the property were assessed at a total of $93,730. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.