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535 Cherrywood Ln, Painesville, OH, 44077

4beds
3baths
2,203sqft
$388,000
$176price/sqft
$2,849/moest. monthly cost
$113,960/yrincome needed

About This Home

Come see this beautiful 4-bedroom, 3-bath home overlooking a serene pond in a newer development in Painesville, Ohio, featuring numerous recent upgrades by the seller including a newly built fence, patio, deck, and storage shed that add both value and outdoor enjoyment; inside, the home offers a convenient second-floor laundry room along with a spacious loft area that can serve as a work-from-home office, flex space, or even be converted into a fifth bedroom, along with abundant closet and storage space throughout, including two walk-in closets in the primary suite, one of which is custom designed, and with multiple active warranties providing added peace of mind, this home is truly move-in ready so you can simply bring your furniture and start enjoying everything it has to offer.

Getting Around

10
WalkingCar-Dependent
24
TransitMinimal Transit
37
BikeSomewhat Bikeable

Schools

8/10
5/10
5/10

Construction

Condition

  • Year built: 2021

Materials

  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom

  • Level: First

Bathroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: First

Eat In Kitchen

  • Level: First

Features

  • Finished area above ground: 2,203

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,203
  • Total interior livable area: 2,203 sqft

Laundry

  • Level: Second

Living Room

  • Level: First

Loft

  • Level: Second

Primary Bathroom

  • Level: Second

Primary Bedroom

  • Level: Second

Property

Details

  • Parcel number: 35A001A001080

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 7,670 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,961$23,532
Home Insurance *$167$2,004
Property Taxes $485$5,820
Electricity $236$2,835
Total$2,849$34,188
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$97,680/yr
40% on housing$85,470/yr
45% on housing$75,973/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$176This listing

vs Other Active Listings

Avg $/sqft

ZIP 44077$140
Lake County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 44077$172
Lake County$161

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-12Price change$434,900
2026-04-23Price change$444,900
2026-04-09Listed for sale$449,900
2021-08-27Sold$314,645
2021-05-04Sold$57,200
2021-02-03Pending sale$236,990
2021-01-28Listed for sale$236,990

For Sale by Agent

AgentBassel B Bahhur
BrokerageHomePoint Real Estate

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