2 months on rocket

12550 Lake Ave Ph 11/12, Lakewood, OH, 44107

$1,595,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
4,703 SqFt
$339/SqFt
Condo
Schools Nearby

Location

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12550 Lake Ave Ph 11/12, Lakewood$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Attached, Common, Enclosed, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Garage, Inside Entrance
Attached Garage4 spaces
Year Built1974
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
WaterfrontLake Front, Waterfront
FireplaceBedroom, Gas, Glass Doors, Gas Log, Great Room
ViewCity Lights, City, Lake, Panoramic, Water
Private PoolYes
MLS #5017441
StatusActive

About 12550 Lake Ave Ph 11/12

Welcome to luxury lakefront living at its finest! This 2-story penthouse on the Gold Coast offers nearly 5,000 SF of living area, boasting floor to ceiling windows with East, West and North exposure for the most priceless views of the lake and Downtown Cleveland. The foyer entry welcomes you to the main level which offers views from every room. The great room spans 37’ and provides multiple access points to wrap-around balcony with multiple outdoor entertaining areas. Marble floors grace the formal dining room which is open to the contemporary kitchen with custom Wolf, Sub-Zero and Miele appliances. The kitchen features a convenient service entrance, perfect for catering or informal suite entry. In addition, the first floor provides a cozy family room/game room/study which is adjacent to the great room featuring built-in cabinetry and dry bar, ice maker and bar frig. The third bedroom is also on the main level, adjacent to a full bath with shower stall. The elegant, illuminated, curved staircase leads to the second floor which provides the same incredible views. The opulent Owners’ suite with 2nd gas fireplace leads to a study or sitting room, incredible dual walk-in closet with custom design and the most spacious, luxurious bath with double steam shower, whirlpool tub and dual vanities. Rounding out the second floor is a guest suite with built-in desk/workstation, walk-in closet and full bath, along with the laundry room featuring cabinetry, laundry tub and two washers and dryers. Enjoy the Crestron smart home system and the MacIntosh sound system throughout the home, along with the 4 designated parking spaces in the garage with EV charger available! The Meridian is pet-friendly and offers 24 hour desk service, indoor and outdoor pools, racquetball court, party and fitness rooms, along with outdoor picnic and grill areas. Building amenities and garage spaces 44 through 47 and 2 storage spaces on lower level.. Party room on Main level off Lobby

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, High Rise
  • Year Built: 1974
  • Stories: 2
  • Living Area: 4,703 SqFt

Listing Office:

  • Office Name: Keller Williams Elevate
  • Office Phone: (216) 440-0432
  • Listing Agent: Diane Weseloh

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Humidifier, Microwave, Range, Refrigerator, Water Softener, Washer
  • Basement: Yes
  • Interior: Built-in Features, Dry Bar, Double Vanity, His and Hers Closets, Multiple Closets, Sound System, Wired for Data, Walk-In Closet(s), Jetted Tub, Wired for Sound
  • Fireplace: Bedroom, Gas, Glass Doors, Gas Log, Great Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Lake Front, Waterfront
  • View: City Lights, City, Lake, Panoramic, Water
  • Exterior: Balcony, Outdoor Grill, Deck, Wrap Around Porch

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Attached, Common, Enclosed, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Garage, Inside Entrance

Lot Features

Lot Information:

  • Lot: Waterfront, Views

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Lakewood High School, Public District Grades 9-12
  • Garfield Middle School, Public District Grades 6-8
  • Emerson Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: SR 6 to Cove Ave to Lake Ave - Gold Coast

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000
  • Price Per SqFt: $339/SqFt
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Housing Market Comparison

See how this home compares to others in Lakewood, OH.

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Lakewood, OH

City

Med. Sold Price

$285.2K

Med. Price/SqFt

$153

Avg. Days On Market

45

# of Sold Homes

36

12550 Lake Ave Ph 11/12 vs Lakewood

70 DAYS ON ROCKET

+25 Days

$1,595,000

+$1.3M More

$339/SqFt

+$186 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $186/SqFt more than other homes in Lakewood, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5017441

Listing Office:

  • Office Name: Keller Williams Elevate
  • Office Phone: (216) 440-0432
  • Listing Agent: Diane Weseloh

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 10:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1175674
6
/10

  • Emerson Elementary School

  • 13439 Clifton Blvd

  • 0.38 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1175675
6
/10

  • Garfield Middle School

  • 13114 Detroit Ave

  • 0.38 miles

  • Public District Grades 6-8

High School

school-card-donut-1175676
6
/10

  • Lakewood High School

  • 14100 Franklin Blvd

  • 1.03 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,082. Residents of Lakewood, OH typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12550 Lake Ave Ph 11/12

What is the listing price of this property?

The listing price of 12550 Lake Ave Ph 11/12 property is $1,595,000.

What type of property is this?

The property 12550 Lake Ave Ph 11/12 is a condo located in Lakewood, Ohio, 44107.

Is this property for sale now?

Active Listing: 12550 Lake Ave Ph 11/12 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 12550 Lake Ave Ph 11/12 are:
Emerson Elementary School: GreatSchools Rating 6/10
Garfield Middle School: GreatSchools Rating 6/10
Lakewood High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 12550 Lake Ave Ph 11/12 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 12550 Lake Ave Ph 11/12 is 4,703 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12550 Lake Ave Ph 11/12 is 1974.

Rocket Homes›Ohio›Cuyahoga County›Lakewood›44107›12550 Lake Ave Ph 11/12

This home is located at 12550 Lake Ave Ph 11/12 in Lakewood, OH and zip code 44107. This 4,703 square foot home was built in 1974. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 16, 2024 and is currently priced at $1,595,000.

Over 17 listings were sold over their listed price in March 2024 in Lakewood, OH. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price. In March 2024 in Lakewood, OH there were 6.7% more homes for sale than in February 2024. While the average time on the market in March 2024 was 45 days, the median list price was $285,250.

From Rocket Homes Real Estate and based on county public records data.

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