Seller's Agent in 2019
Christina Carpadis
RE/MAX
(216) 215-4232
11 in this area
149 Total Sales
Marine Towers East 12520 Edgewater Dr Unit 505 Lakewood, OH 44107
Estimated Value: $129,000 - $145,000
2
Beds
2
Baths
1,146
Sq Ft
$530/mo
HOA Fee
Highlights
- Lake Front
- Community Lake
- Porch
- Emerson Elementary School Rated A-
- Community Pool
- 2 Car Attached Garage
About This Home
As of April 2019Never so affordable, MTE 505 offers breathtaking DIRECT LAKEFRONT VIEWS & the opportunity to take title to the eclectic charm of ‘60s vintage OR embrace this coveted location as a blank palette on which to forge your lakefront fantasy! This “5-Series” condo is only one of 32 suites that features an enclosed balcony facing Lake Erie w/ floor to ceiling windows (upper windows all open), the picturesque pool/patio area & an arboreal treasure that projects beauty and balance (there is near-500K new construction condos at the end of the street that face a concrete parking lot and some nice homes on Lake Ave with NO LAKE VIEWS!). Expansive LIV/DIN RMS with breathtaking views of the water. Galley style vintage kitchen that can be opened for a liberating feel/floor plan. Parquet Oak Flooring in most common areas. An abundance of bedroom and hallway storage, including 2 walk in closets! 505 is situated at the end of the fifth floor hallway and adjacent to the north staircase for privacy and ease of exodus. Surrounded by a prominent row of varying lakefront condos/apartments at the quiet end of the Edgewater cul-de-sac and directly next to the architecturally alluring and historic former “Lake Shore Hotel” that was reputed to be "the finest residential hotel between New York & Chicago," this is the time to invest in this A+ Location! Assessments detailed are designated the building’s future stability & include tuckpointing, a reserve study, elevator renovation, HVAC updates, and more!
Property Details
Home Type
- Condominium
Year Built
- Built in 1963
Lot Details
- Lake Front
- Northwest Facing Home
HOA Fees
- $530 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Assigned Parking
Home Design
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 1,146 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Property Views
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- Porch
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 312-09-337
Community Details
Overview
- First Realty Management Association
- High-Rise Condominium
- Marine Towers East Condo Subdivision
- Community Lake
- 17-Story Property
Amenities
- Public Transportation
- Laundry Facilities
Recreation
- Community Pool
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2019
Closed on
Apr 19, 2019
Sold by
Steinberger Cynthia S
Bought by
Vatankhah Marziyeh
Seller's Agent
Christina Carpadis
RE/MAX Above & Beyond
Buyer's Agent
Jason Saal
EXIT Realty GPS
List Price
$110,000
Sold Price
$80,000
Premium/Discount to List
-$30,000
-27.27%
Total Days on Market
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,992
Avg. Annual Appreciation
8.63%
Purchase Details
Closed on
Aug 11, 2000
Sold by
Krost Joyce N
Bought by
Steinberger Cynthia S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
8.24%
Purchase Details
Closed on
Nov 29, 1999
Sold by
Hull Charles M
Bought by
Krost Joyce N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
9.52%
Purchase Details
Closed on
Mar 27, 1981
Sold by
Hull Charles W and Hull Betsy B
Bought by
Hull Charles M
Purchase Details
Closed on
Jan 1, 1975
Bought by
Hull Charles W and Hull Betsy B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vatankhah Marziyeh | $80,000 | Cle Title Agency | |
| Steinberger Cynthia S | $122,500 | Midland Title Security Inc | |
| Krost Joyce N | $105,000 | Quality Title Agency Inc | |
| Hull Charles M | -- | -- | |
| Hull Charles W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Steinberger Cynthia S | $98,000 | |
| Previous Owner | Krost Joyce N | $78,750 | |
| Closed | Steinberger Cynthia S | $12,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2019 04/23/19 | Sold | $80,000 | -27.3% | $70 / Sq Ft |
| 04/12/2019 04/12/19 | Pending | -- | -- | -- |
| 02/24/2019 02/24/19 | For Sale | $110,000 | -- | $96 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,577 | $39,235 | $4,480 | $34,755 |
| 2023 | $2,149 | $28,000 | $3,430 | $24,570 |
| 2022 | $2,163 | $28,000 | $3,430 | $24,570 |
| 2021 | $2,142 | $28,000 | $3,430 | $24,570 |
| 2020 | $2,322 | $26,530 | $2,660 | $23,870 |
| 2019 | $1,491 | $75,800 | $7,600 | $68,200 |
| 2018 | $1,784 | $26,530 | $2,660 | $23,870 |
| 2017 | $2,094 | $31,470 | $3,150 | $28,320 |
| 2016 | $2,079 | $31,470 | $3,150 | $28,320 |
| 2015 | $2,079 | $31,470 | $3,150 | $28,320 |
| 2014 | $2,353 | $33,460 | $3,360 | $30,100 |
Source: Public Records
Agents Affiliated with this Home
-
Christina Carpadis
-
Jason Saal
Buyer's Agent in 2019
Jason Saal
EXIT Realty GPS
(330) 495-7362
50 Total Sales
About Marine Towers East
Map
Similar Homes in Lakewood, OH
Source: MLS Now
MLS Number: 4072388
APN: 312-09-337
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