531 Covington Ln
Chagrin Falls, OH 44023
3 bd 2 ba 2,139 sqft Built 2001 condos
Most recent sale
$405,000
Dec 22, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 22, 2023 | Sold | $405,000 | MLSNOW |
| Nov 3, 2023 | Listed | $368,000 | MLSNOW |
| Dec 22, 2015 | Sold | $254,000 | MLSNOW |
| Oct 6, 2015 | Listed | $269,000 | MLSNOW |
| Jul 14, 2015 | Listing removed | $259,900 | MLSNOW |
| Jun 1, 2015 | Price changed | $259,900 | MLSNOW |
| May 1, 2015 | Price changed | $274,900 | MLSNOW |
| Feb 16, 2015 | Listed | $279,000 | MLSNOW |
| Jan 27, 2011 | Listing removed | $279,900 | MLSNOW |
| Oct 17, 2009 | Sold | $310,000 | MLSNOW |
| Mar 13, 2009 | Listed | $279,900 | MLSNOW |
| Aug 16, 2005 | Sold | $310,000 | Public Record |
| Jul 1, 2005 | Listed | $314,000 | MLSNOW |
| Jan 26, 2001 | Sold | $276,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $99,650 | $17,500 | $117,150 | $5,660 |
| 2024 | $99,650 | $17,500 | $117,150 | $5,654 |
| 2022 | $78,090 | $14,000 | $92,090 | $5,292 |
| 2021 | $78,090 | $14,000 | $92,090 | $5,311 |
| 2020 | $78,090 | $14,000 | $92,090 | $5,462 |
| 2019 | $66,190 | $14,000 | $80,190 | $5,047 |
| 2018 | $66,190 | $14,000 | $80,190 | $5,020 |
| 2017 | $61,850 | $15,400 | $77,250 | $5,022 |
| 2016 | $61,850 | $15,400 | $77,250 | $4,926 |
| 2015 | $61,850 | $15,400 | $77,250 | $5,055 |
| 2014 | $61,850 | $15,400 | $77,250 | $4,600 |
| 2013 | $70,280 | $17,500 | $87,780 | $5,340 |
| 2012 | $70,280 | $17,500 | $87,780 | $5,098 |
| 2011 | $70,280 | $17,500 | $87,780 | $5,098 |
| 2010 | $72,070 | $15,400 | $87,470 | $4,937 |
| 2009 | $72,065 | $15,400 | $87,465 | $4,114 |
| 2007 | $72,065 | $15,400 | $87,465 | $4,080 |
| 2006 | $72,070 | $15,400 | $87,470 | $4,556 |
Property facts
Year built
2001
Property type
condos
Stories
1
Beds
3
Baths
2
Living area
2,139 sqft
Lot size
—
ZIP code
44023
City
Chagrin Falls
Street
Covington Ln
Coordinates
41.40183, -81.28290
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,209
Gross rental yield
9.51%
Implied cap rate
6.18%
Trend-extrapolated value
—
Frequently asked questions
When did 531 Covington Ln last sell?
531 Covington Ln most recently sold on Dec 22, 2023 for $405,000.
What is the current tax assessment for 531 Covington Ln?
The most recent total assessment for 531 Covington Ln (year 2025) is $117,150 with $5,660 in property tax.
How does 531 Covington Ln's assessment compare to its last sale price?
The current assessment is 71.1% below the last sale price of $405,000.
When was 531 Covington Ln built?
531 Covington Ln was built in 2001.
How does 531 Covington Ln compare to others on Covington Ln?
We track 5 other properties on Covington Ln. Browse the list under "Other properties on Covington Ln" to compare beds, baths, and sale history.
What are the property facts for 531 Covington Ln?
531 Covington Ln is a 3 bed, 2 bath, 2,139 sqft condos.
Is 531 Covington Ln a flip candidate?
No — 531 Covington Ln does not appear in our flips dataset.
Is 531 Covington Ln a tax-appeal candidate?
No — 531 Covington Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.6%
Implied 1-yr
+18.5%
2026 Q3
$879.5K
2026 Q4
$910.8K
ZIP 44023 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Covington Ln