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31601 Lake Road

31601 Lake Road, Bay Village, OH 44140
Property in Bay Village
Sold Apr 27, 2017
$283,000
$270,298 by Nations Lending Corp
Mortgage Due May 01, 2047
Sold Jul 30, 2004
$245,000
$196,000 by First Place Bank
Mortgage Due Aug 01, 2034
Local assessors in Bay Village, OH have categorized 31601 Lake Road as a residential type of property. The home was built in 1966 and is 58 years old. It was most recently renovated and altered in 1988. The property's lot size has been calculated to be 15,890 square feet. The linear feet between the front and back of the lot was measured at 2,270 ft and the front of the lot was measured at 700 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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 31601 Lake Road has a total of 1,752 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 440 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 good. 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 - B. 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 no air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 31601 Lake Road was last sold in Apr 10, 2017 for $283,000. According to our calculations, that's $97.99 per sqft. Prior to that sales transaction, the property was sold for $245,000 in Jul 26, 2004. Current property owners are expected to pay $10,602 in taxes per year. The property on 31601 Lake Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $115,430. To break that down further, the land itself was valued at $25,200. While improvements to the property were assessed at a total of $90,230. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1966
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: 696
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,890
  • Lot Size Depth Feet: 2,270
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,888
  • Gross Building Area: 2,888
  • Building Area: 1,752
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,752
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: AFODORBV#1
  • Land Acres: 0.365
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 97 AFODORBV#1 0005 ALL

Ownership

  • Current Owner : RICE DAVID E
  • Previous Owner : BEST SCOTT A
  • Previous Owner 2: BEST KATHLEEN A
  • Owner Before Previous Owner: MENDELOW GARY JOEL
  • Owner Before Previous Owner 2: MENDELOW LISA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bay Village City School District
  • Census Tract: 130103

Zoning

  • Zoning: 1F-3

Geography

  • Assessors Map Reference: 201-01
  • Parcel: 201-01-026
  • Lot: 5
  • Municipality: BAY VILLAGE
  • Latitude: 41.5033
  • Longitude: -81.9679

    Address

  • Full Address: 31601 Lake Rd
  • Address - House Number: 31601
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Bay Village
  • Carrier Code: C024
  • 4-Digit Zip Code: 1028
  • Zip Code: 44140

Valuation

    Tax

  • Total Area: 1,752
  • Tax Year: 2022
  • Tax Amount: $10,602
  • Tax Rate Code Area: BAY VILLAG

    Appraisal Valuation

  • Standard Deviation: 0.2426
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 65
  • Final Value: 422,874
  • High Value: 525,470
  • Low Value: 320,278

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $284,592
  • First Open Lien Mortgage Lender: NATIONS LENDING CORP
  • First Open Lien Mortgage Recording Date: Apr 27, 2017
  • First Open Lien Mortgage Loan Amount: $270,298
  • 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: May 01, 2047
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Dec 13, 2021
  • Second Open Lien Mortgage Loan Amount: $14,294
  • Second Open Lien Mortgage Term: 304
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: May 01, 2047

    Market Valuation

  • Market Total Value: $329,800
  • Market Land Value: $72,000
  • Market Improvement Value: $257,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,430
  • Assessed Land Value: $25,200
  • Assessed Improvements Value: $90,230

    Sales

  • Current Sale Contract Date: Apr 10, 2017
  • Current Sale Recording Date: Apr 27, 2017
  • Current Sale Transaction ID: 1811593045
  • Current Sale Price: $283,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201704270548
  • Previous Sale Recording Date: Jul 30, 2004
  • Previous Sale Contract Date: Jul 26, 2004
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONS LENDING CORP
  • First Mortgage Transaction Date: Apr 27, 2017
  • First Mortgage Loan Amount: $270,298
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST PLACE BANK
  • Previous Mortgage Transaction Date: Jul 30, 2004
  • Previous Mortgage Loan Amount: $196,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2034

About Bay Village



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Property at 31601 Lake Road,

31328 Lake Road

  • 1 Unit for Sale
  • 2 Stories
31328 Lake Road, Bay Village, OH 44140

Nearby Rentals

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Frequently Asked Questions

What neighborhood is 31601 Lake Road located in?
The 31601 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 31601 Lake Road?
The average sales price for units in 31601 Lake Road is $0 currently.

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