Score
0Bay Village, OH
24914 Wolf Rd
550K
3 beds
2 baths
2,191 sqft
3 bd • 2 ba • 2,191 sf
This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$549,900
Price/Sq.Ft
$251
Year Built
1955
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Updated and Move-In Ready: The home features stylish updates, including a renovated sunroom (2022), updated kitchen with granite countertops and stainless steel appliances, and remodeled bathrooms, making it move-in-ready. This reduces the need for immediate renovations, saving time and money.
• Desirable Location: Situated on the north side of Wolf Road, overlooking the Community Gardens, the property offers a desirable location in Bay Village. It's also conveniently located minutes from Huntington Beach and I-90, providing easy access to recreation and commuting routes.
• Functional Layout: The ranch-style layout offers a comfortable and functional living space with an open floorplan, eat-in kitchen, and a master bedroom suite with his-and-her closets. Ranch homes are highly sought after for their single-story living.
• Outdoor Space: The spacious, fully fenced backyard and new patio area provide ample space for outdoor activities, relaxation, and entertaining. This is a valuable feature, especially for families or those who enjoy outdoor living.
The Bad
• One-Car Garage: The property only has a one-car attached garage, which may be insufficient for households with multiple vehicles or those needing extra storage space. Many homes in Bay Village offer 2-car garages.
• Age of the Home: Built in 1955, the home, despite updates, may still have some older systems or structural elements that could require future repairs or upgrades. The median year built in Bay Village is 1965, making this one older than average.
• Potential for High Property Taxes: Bay Village has a reputation for high property taxes due to its strong school system. This can significantly impact monthly housing costs. Cuyahoga County property taxes average around 2.5% of assessed value.
The Ugly
• Minimal Climate Risk: While the property has minimal flood (1/10), fire (1/10), and wind (1/10) risks, the moderate heat risk (3/10) with 7 hot days per year and a 98th percentile temperature of 95°F might necessitate higher energy bills for cooling during the summer months. Consider investing in energy-efficient cooling solutions.
• Contingent Status: The property's recent history shows it went contingent on 2025-02-17 at the listing price of $549,900 after 7 days on the market. This could indicate potential issues uncovered during inspection or financing hurdles. Monitor the listing status closely.
• Limited Commercial Development: Bay Village has limited commercial development, requiring travel to neighboring communities for extensive shopping, dining, and entertainment. This might be a drawback for those seeking immediate access to amenities.
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Original
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Move-In Ready Home: The updated kitchen and sunroom, coupled with the remodeled mudroom/flex space and updated bathrooms, are ideal for those wanting to avoid immediate renovations.
• Individuals Valuing Outdoor Space: The spacious, fully fenced backyard and new patio offer ample room for outdoor activities and entertaining.
• Those Desiring a Ranch-Style Home in a Desirable Location: The single-story layout and proximity to Huntington Beach and I-90 make this property appealing to those seeking convenience and accessibility.
• Buyers Prioritizing School Quality: Located within the Bay Village school district, with access to highly-rated schools like Bay High School (9/10 rating), this home is suitable for those who value education.
Not For
• Buyers Seeking a Large Garage or Ample Storage: With only a one-car attached garage, this property may not be suitable for those needing extensive storage space or parking for multiple vehicles.
• Individuals Requiring a Larger Lot: While the backyard is spacious, the overall lot size isn't specified and might not meet the needs of buyers desiring a larger property.
• Those Seeking a Brand-New Home: Built in 1955, this home has been updated but still retains its original structure, which may not appeal to buyers seeking new construction.
Demographics
Area Median Income
$111,516
Property History
Price History
Ownership Timeline
$500,000Cash Purchase
Mar 25, 2024Skyler Ladd, Danielle LaddThomas Kevin Rees, Emily Margaret Cavalaris
Warranty Deed
Standard Sale (Purchase/Resales)
$365,000Financed
Nov 5, 2021John G Jackson, Catherine M JacksonSkyler Ladd, Danielle Hubka
Survivorship Deed
Standard Sale (Purchase/Resales)
$205,000Financed
Jun 9, 2015William H Clark, Barbara B ClarkJohn G Jackson, Catherine M Jackson
Survivorship Deed
Standard Sale (Purchase/Resales)
Property Taxes
$7,041
2023 Tax Assessment
16.8%from previous year
Assessed Value$106,330
Tax Rate6.62%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Risk Assessment
Climate Risks
heatMINIMAL
7 extreme heat days per year
98th percentile: 95°F
airMINIMAL
2 bad air quality days per year
floodMINIMAL
FEMA Zone: Minimal Risk Area
Insurance: Optional
fireMINIMAL
Insurance: Optional
windMINIMAL
Insurance: Optional
Risk Analysis
• Older Home Risks: Built in 1955, the home may have underlying issues common in older properties, such as outdated plumbing, electrical systems, or the potential for asbestos. A thorough inspection is crucial.
• High Property Taxes: Bay Village is known for its high property taxes due to the strong school system. This can significantly impact the overall cost of ownership.
• Lake Effect Snow: Bay Village experiences significant lake effect snow in the winter, which can impact commuting and require more robust snow removal efforts. Factor in potential snow removal costs and time commitments.
• Market Fluctuations: Real estate market conditions can change rapidly. Monitor local market trends to ensure the property is priced competitively and to assess potential risks associated with buying in the current market.
Insurance
Annual Cost
$1,980
$165 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$550 monthly
$165 monthly
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Schools
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$1,650
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$549,900
Price/sqft
$251
Layout
3 bd•2 ba
Days on market
6 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$412,292
33.4%
Your price is 33.4% above average
Median Price
$335,000
64.1%
Based on 6 recent sales
Price per Sq.Ft
$190
32.1%
Your price is 32.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 23473 Concord Drive, Westlake, OH 44145 | $280,750 | 2,364 | 3 | 2 | $11952.7% | 11/20/2024 |
| 332 Elmwood Road, Bay Village, OH 44140 | $335,000 | 1,790 | 3 | 2 | $18725.4% | 11/13/2024 |
| 596 Juneway Drive, Bay Village, OH 44140 | $290,000 | 2,140 | 3 | 2 | $13646.0% | 8/26/2024 |
| 25254 Wolf Road, Bay Village, OH 44140 | $812,000 | 2,541 | 3 | 3 | $32027.3% | 12/13/2024 |
| 585 Columbia Road, Bay Village, OH 44140 | $306,000 | 1,920 | 3 | 3 | $15936.5% | 11/26/2024 |
| 23938 Wolf Road, Bay Village, OH 44140 | $450,000 | 2,051 | 4 | 3 | $21912.6% | 11/1/2024 |
23473 Concord Drive, Westlake, OH 44145
Price: $280,750
Sq.Ft: 2,364
Beds/Baths: 3/2
$/Sq.Ft:
$11952.7%
Sale Date: 11/20/2024
332 Elmwood Road, Bay Village, OH 44140
Price: $335,000
Sq.Ft: 1,790
Beds/Baths: 3/2
$/Sq.Ft:
$18725.4%
Sale Date: 11/13/2024
596 Juneway Drive, Bay Village, OH 44140
Price: $290,000
Sq.Ft: 2,140
Beds/Baths: 3/2
$/Sq.Ft:
$13646.0%
Sale Date: 8/26/2024
25254 Wolf Road, Bay Village, OH 44140
Price: $812,000
Sq.Ft: 2,541
Beds/Baths: 3/3
$/Sq.Ft:
$32027.3%
Sale Date: 12/13/2024
585 Columbia Road, Bay Village, OH 44140
Price: $306,000
Sq.Ft: 1,920
Beds/Baths: 3/3
$/Sq.Ft:
$15936.5%
Sale Date: 11/26/2024
23938 Wolf Road, Bay Village, OH 44140
Price: $450,000
Sq.Ft: 2,051
Beds/Baths: 4/3
$/Sq.Ft:
$21912.6%
Sale Date: 11/1/2024
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