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7430 Faraway Trl

Chagrin Falls, OH 44023

6 bd 8 ba 7,197 sqft Built 2005 Lot 32,670 sqft single_family
Most recent sale
$985,000
Aug 5, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 5, 2022 Sold $985,000 MLS #4380309
Jun 10, 2022 Listed $995,000 MLS #4380309
Mar 10, 2021 Sold $965,000 MLS #4253073
Feb 19, 2021 Listed $985,000 MLS #4253073
Mar 28, 2006 Sold $755,000 Public Record
Jul 14, 2005 Sold $151,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $336,630 $78,750 $415,380 $23,152
2024 $336,630 $78,750 $415,380 $22,193
2022 $251,440 $57,440 $308,880 $18,882
2021 $251,440 $57,440 $308,880 $18,944
2020 $251,440 $57,440 $308,880 $19,462
2019 $251,440 $57,440 $308,880 $21,534
2018 $251,440 $57,440 $308,880 $21,440
2017 $211,190 $47,570 $258,760 $21,451
2016 $211,190 $47,570 $258,760 $18,370
2015 $211,190 $47,570 $258,760 $17,875
2014 $211,190 $47,570 $258,760 $16,361
2013 $207,030 $47,570 $254,600 $16,208
2012 $184,350 $47,570 $231,920 $14,823
2011 $184,350 $47,570 $231,920 $14,823
2010 $215,920 $47,570 $263,490 $15,882
2009 $215,915 $47,565 $263,480 $15,570
2007 $215,915 $47,565 $263,480 $16,041
2006 $47,570 $47,570 $3,125

Property facts

Year built
2005
Property type
single_family
Stories
2
Beds
6
Baths
8
Living area
7,197 sqft
Lot size
32,670 sqft
ZIP code
44023
City
Chagrin Falls
Street
Faraway Trl
Coordinates
41.39783, -81.37640

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$10,796
Gross rental yield
13.15%
Implied cap rate
8.55%
Trend-extrapolated value

Frequently asked questions

When did 7430 Faraway Trl last sell?
7430 Faraway Trl most recently sold on Aug 5, 2022 for $985,000.
What is the current tax assessment for 7430 Faraway Trl?
The most recent total assessment for 7430 Faraway Trl (year 2025) is $415,380 with $23,152 in property tax.
How does 7430 Faraway Trl's assessment compare to its last sale price?
The current assessment is 57.8% below the last sale price of $985,000.
When was 7430 Faraway Trl built?
7430 Faraway Trl was built in 2005.
How does 7430 Faraway Trl compare to others on Faraway Trl?
We track 7 other properties on Faraway Trl. Browse the list under "Other properties on Faraway Trl" to compare beds, baths, and sale history.
What are the property facts for 7430 Faraway Trl?
7430 Faraway Trl is a 6 bed, 8 bath, 7,197 sqft, 32,670 sqft lot single_family.
Is 7430 Faraway Trl a flip candidate?
No — 7430 Faraway Trl does not appear in our flips dataset.
Is 7430 Faraway Trl a tax-appeal candidate?
No — 7430 Faraway Trl is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.6%
Implied 1-yr
+18.5%
2026 Q3
$879.5K
2026 Q4
$910.8K
ZIP 44023 — Median Price History + Forecast

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