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8815 Fairlane Drive

8815 Fairlane Drive, Olmsted Falls, OH 44138
Property in Olmsted
Sold Jan 04, 2024
$250,000
$200,000 by 1st Fed'l S & L Assn/lakewood
Mortgage Due Feb 01, 2054
Sold Jul 26, 2021
$249,900
$249,900 by Key Bank Na
Mortgage Due Aug 01, 2051
Local assessors in Olmsted Falls, OH have categorized 8815 Fairlane Drive as a residential type of property. The home was built in 1977 and is 47 years old. It was most recently renovated and altered in 1986. The property's lot size has been calculated to be 15,000 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 750 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 9 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 is one full bathroom. There are also 2 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 8815 Fairlane Drive has a total of 2,050 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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 504 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - C. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding 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 a steam heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 3, 2023 for $250,000. That's $97.89 per sqft. Prior to that sales transaction, the property was also sold in Jul 22, 2021 for $249,900. 8815 Fairlane Drive was last assessed in 2022. The total value of the property was assessed at $67,725. Specifically, the land the property is located on was valued at $13,405. While improvements on the property were assessed at a total of $54,320. 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 $6,248. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

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

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Bi-level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,554
  • Gross Building Area: 2,554
  • Building Area: 2,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Steam
  • Heated Square Feet: 2,050
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BRENTWD#2
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR3BRENTWD#2 0030 ALL

Ownership

  • Current Owner : COTMAN JOSEPH A
  • Current Owner 2: COTMAN DEBORAH J
  • Previous Owner : COTMAN STEVEN J
  • Previous Owner 2: COTMAN VANESSA M
  • Owner Before Previous Owner: SURENDER SURI G
  • Owner Before Previous Owner 2: SURENDER NANDINI
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Olmsted Falls City School District
  • School Tax School District: OLMSTED FALLS
  • Census Tract: 190506

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: 263-09
  • Subdivision Tract Number: 3
  • Parcel: 263-09-128
  • Lot: 30
  • Municipality: OLMSTED TOWNSHIP
  • Latitude: 41.3638
  • Longitude: -81.9166

    Address

  • Full Address: 8815 Fairlane Dr
  • Address - House Number: 8815
  • Address - Street Name: Fairlane
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Olmsted Twp
  • Carrier Code: C010
  • 4-Digit Zip Code: 2122
  • Zip Code: 44138

Valuation

    Tax

  • Total Area: 2,050
  • Tax Year: 2022
  • Tax Amount: $6,248
  • Tax Rate Code Area: OLMSTED TW

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 296,186
  • High Value: 372,282
  • Low Value: 220,090

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: 1ST FED'L S & L ASSN/LAKEWOOD
  • First Open Lien Mortgage Recording Date: Jan 04, 2024
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: Feb 01, 2054

    Market Valuation

  • Market Total Value: $193,500
  • Market Land Value: $38,300
  • Market Improvement Value: $155,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,725
  • Assessed Land Value: $13,405
  • Assessed Improvements Value: $54,320

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Transaction ID: 11918811982
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 352
  • Previous Sale Recording Date: Jul 26, 2021
  • Previous Sale Contract Date: Jul 22, 2021
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: Fiduciary Deed

    Last Sale Mortgage

  • First Mortgage Lender: 1ST FED'L S & L ASSN/LAKEWOOD
  • First Mortgage Transaction Date: Jan 04, 2024
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: KEY BANK NA
  • Previous Mortgage Transaction Date: Jul 26, 2021
  • Previous Mortgage Loan Amount: $249,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2051

About Olmsted Falls



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Frequently Asked Questions

What neighborhood is 8815 Fairlane Drive located in?
The 8815 Fairlane Drive is a located in the neighborhood of Olmsted in Olmsted Falls, Olmsted Falls.
What is the average sales price for listings in 8815 Fairlane Drive?
The average sales price for units in 8815 Fairlane Drive is $0 currently.

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