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583 Cherrywood Ln

Painesville, OH 44077

3 bd 2 ba 1,292 sqft Built 2021 Lot 8,189 sqft single_family
Most recent sale
$56,000
Jan 27, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 1, 2024 Listed $299,900 MLSNOW
Jan 27, 2021 Sold $56,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $19,120 $19,120 $3,768
2024 $19,120 $19,120 $3,696
2023 $19,120 $19,120 $3,735
2022 $54,120 $19,120 $73,240 $3,725
2021 $19,120 $19,120 $996

Property facts

Year built
2021
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,292 sqft
Lot size
8,189 sqft
ZIP code
44077
City
Painesville
Street
Cherrywood Ln
Coordinates
41.71165, -81.27946

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
$336
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 583 Cherrywood Ln last sell?
583 Cherrywood Ln most recently sold on Jan 27, 2021 for $56,000.
What is the current tax assessment for 583 Cherrywood Ln?
The most recent total assessment for 583 Cherrywood Ln (year 2025) is $19,120 with $3,768 in property tax.
How does 583 Cherrywood Ln's assessment compare to its last sale price?
The current assessment is 65.9% below the last sale price of $56,000.
When was 583 Cherrywood Ln built?
583 Cherrywood Ln was built in 2021.
How does 583 Cherrywood Ln compare to others on Cherrywood Ln?
We track 8 other properties on Cherrywood Ln. Browse the list under "Other properties on Cherrywood Ln" to compare beds, baths, and sale history.
What are the property facts for 583 Cherrywood Ln?
583 Cherrywood Ln is a 3 bed, 2 bath, 1,292 sqft, 8,189 sqft lot single_family.
Is 583 Cherrywood Ln a flip candidate?
No — 583 Cherrywood Ln does not appear in our flips dataset.
Is 583 Cherrywood Ln a tax-appeal candidate?
No — 583 Cherrywood Ln 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
-0.3%
Implied 1-yr
-1.3%
2026 Q3
$249.2K
2026 Q4
$248.3K
ZIP 44077 — Median Price History + Forecast

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