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5302 Charlottes Way, Elyria, OH, 44035

2beds
2baths
2,053sqft
$648,000
$316price/sqft
$4,621/moest. monthly cost
$184,840/yrincome needed

About This Home

Welcome to the Promenade at Magnolia Meadows - a stunning single-story ranch offering luxury, comfort, and easy living. This thoughtfully designed home features a spacious owner's suite, a private guest bedroom, and two full baths. The open-concept layout flows seamlessly into a chef's kitchen with a large island and an abundance of windows that fill the home with natural light. Enjoy true indoor-outdoor living with a private courtyard and a welcoming front porch - perfect for morning coffee or evening gatherings. Designed for comfort and accessibility, this Zero-Entry home features wide doorways and no steps, making it ideal for both snowbirds and year-round residents who value convenience without compromise. At Magnolia Meadows, you'll experience a resort-style lifestyle every day. The community offers a beautiful clubhouse, heated pool, pickleball and bocce courts, and a picturesque pond with fountains and firepit. Discover maintenance-free living in one of Sheffield Village's most desirable communities - where every detail is crafted for luxury and ease.

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
6/10
Brookside Middle SchoolGrades 7-83.1 mi
5/10
Brookside High SchoolGrades 9-123.1 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Asphalt
  • Construction materials: Shingle Siding,Stone,Vinyl Siding

Other

  • Builder name: Perrino Custom Builders

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Refrigerator,Range

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s),Wired for Data,Walk-In Closet(s)
  • Window features: Double Pane Windows
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 2,053 sqft

Property

Details

  • Parcel number: 0300002102088

Features

  • Levels: 1.0
  • Stories: 1
  • Patio & porch: Patio

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage 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 WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hail
Inland Flooding
Ice Storm
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood

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 $3,276$39,312
Home Insurance *$386$4,632
Property Taxes $739$8,868
Electricity $220$2,642
Total$4,621$55,452
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,434/yr
40% on housing$138,630/yr
45% on housing$123,226/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: 7.4%
7.4%
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

$316This listing

vs Other Active Listings

Avg $/sqft

ZIP 44035$96
Lorain County$149

vs Homes Sold Last Month

Median $/sqft

ZIP 44035$144
Lorain 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
2025-12-20Price change$648,000
2025-10-12Listed for sale$698,000

New Construction Spec

AgentPat Perrino
BrokeragePerrino Custom Builders

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