7374 Lakeshore Dr · Carrollton, OH 44615

$220,000

3 bd · 1.0 ba · 1,011 sqft · SingleFamily public records · 56 Days on market

Built 1957 0.28 ac lot $218/sqft · at area comps Est $219k · at est.

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.2/15.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

Key facts

• Corian counters
• Natural light
• Breakfast bar

Tags

• STONE FLANKED FIREPLACE
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR
• CORIAN COUNTERS
• WOOD BURNING STOVE
• NATURAL LIGHT

Property features AI

Exterior

• Parking: Driveway; Detached or attached 1-car garage
• Utilities: Well water; Septic tank
• Home design: Single-story home; Updated/remodeled; Metal roof; Wood siding
• Construction: Wood siding construction; Metal roof; Year built sourced from public records
• Exterior features: Lot approximately 0.275 acres

Interior

• Kitchen: Kitchen on the main level; Range; Microwave; Refrigerator
• Bedrooms: Three main-level bedrooms (all on the first floor)
• Bathrooms: One full bathroom (on the main level)
• Heating & cooling: Electric heating; Propane heating; Fireplace heating
• Interior features: Updated/remodeled condition; Living room; Dining room; Fireplace (1)
• Laundry & utility: Main-level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $220k).
• Recommended offer: $213k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.4% vs local median 4.7% in Carrollton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#131 in OH, #1,863 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Conotton Valley Union Local (rural): math 37% / reading 42% proficiency, ranked #541 of 656 in OH (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 43 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).
• At $4,261/mo this rent would consume 77% of the median local household income ($66k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Carroll County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $62k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $160k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $213,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.94% ✓
• Cap rate: 17.36%
• Cash-on-cash: 39.52%
• DSCR: 2.76
• GRM: 4.3

CMA / ARV

• ARV (median comp): $218,739
• List price: $220,000
• Delta: 0.58%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7560 Hilltop St SW	0.25mi	2/1.5 (-1)	864 (-14%)	15mo	$65,000	$75	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.8%
• Equity multiple: 2.52×
• Total profit: $93,504
• Equity at exit: $32,803

10-year hold

• IRR: 42.5%
• Equity multiple: 5.02×
• Total profit: $247,594
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44615

• Active inventory: 43
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $4,261 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$92 /mo · $1,107/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$895
• Net cashflow: $2,029

Break-even live

Break-even rent $1,693

Max offer price $220,000

Occupancy floor 47%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7268 Leafygreen St Unit 1496125P Carrollton, OH	2.0	1.0	1420	$4,261	$3.00	43d	1	0.86mi

Listing history 29 events

1. 2026-06-18
   days on market $220,000 Active 56 DOM
2. 2026-06-17
   days on market $220,000 Active 55 DOM
3. 2026-06-16
   days on market $220,000 Active 54 DOM
4. 2026-06-15
   days on market $220,000 Active 53 DOM
5. 2026-06-13
   days on market $220,000 Active 51 DOM
6. 2026-06-12
   statusdays on market $220,000 Active 50 DOM
7. 2026-06-09
   days on market $220,000 Contingent 47 DOM
8. 2026-06-08
   days on market $220,000 Contingent 46 DOM
9. 2026-06-08
   days on market $220,000 Contingent 45 DOM
10. 2026-06-07
    days on market $220,000 Contingent 44 DOM
11. 2026-06-04
    days on market $220,000 Contingent 41 DOM
12. 2026-06-02
    days on market $220,000 Contingent 40 DOM
13. 2026-06-01
    status $220,000 Contingent 39 DOM
14. 2026-06-01
    days on market $220,000 Active 39 DOM
15. 2026-05-31
    days on market $220,000 Active 38 DOM
16. 2026-04-22
    listed $220,000 Active 1106-char remark
17. 2021-07-12
    soldstatus $160,000 Closed 1011-char remark

    Show marketing remark (1011 chars)

    If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

18. 2021-07-08
    status Pending 1011-char remark

    Show marketing remark (1011 chars)

    If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

19. 2021-06-22
    price $160,000 1011-char remark

    Show marketing remark (1011 chars)

    If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

20. 2021-06-08
    historical Contingent 1011-char remark

    Show marketing remark (1011 chars)

    If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

21. 2021-06-03
    listed $149,900 Active 1011-char remark

    Show marketing remark (1011 chars)

    If you've been patiently, (or impatiently!) waiting for a superb lake cottage to call your own, your day has come at beautiful Leesville Lake! The full-time owner occupant has maintained this cozy comfy three-bedroom home with pride, and in meticulous condition. Living room plays host to a majestic stone-flanked fireplace in true lodge style. Kitchen features stainless steel appliances, a breakfast bar, and Corian counters. The adjacent dining area is spacious, and includes a wood-burning stove and lots of natural light. Tongue-in-groove ceilings and floors throughout make for a truly authentic cabin vibe. Newer stainless front laundry appliances will convey with the home. Take in the picturesque views of nature from the wraparound composite deck, or the screened-in breezeway. Additional storage room under the deck. Metal roof on both the home as well as the 20'x20' insulated storage/workshop building, which was built in 2012. There's also a second "she-shed, " perhaps for gardening sup

22. 2019-04-25
    soldstatus $129,000 Sold

    Show marketing remark (1000 chars)

    Get away from it all at this meticulously maintained 3 bedroom, open concept cottage at Leesville Lake. Cozy up in the great room around the beautiful stone fireplace. Fully applianced cherry kitchen with breakfast bar, stainless steel appliances and Corian counter tops. Large dining area with wood burning stove, tung and groove pine ceilings and floors. Addition and dining area sidewalls are tung and groove cedar. Laundry room with washer and dryer included. Second bedroom is a bunk room that sleeps 4. Enjoy the views from the wrap-around composite deck or the screened-in porch. Storage underneath the deck. Metal roof on the cottage and 20X20 detached building built in 2012. Building is insulated, finished with knotty pine and a wood burning stove. It is so nice that it could be used for additional bedrooms if needed since it is partially divided and has electric. There are stairs to the upper level for additional storage. Security system. Mineral rights will transfer. Private ground.

23. 2019-04-25
    soldstatus $129,000

    Show marketing remark (1000 chars)

    Get away from it all at this meticulously maintained 3 bedroom, open concept cottage at Leesville Lake. Cozy up in the great room around the beautiful stone fireplace. Fully applianced cherry kitchen with breakfast bar, stainless steel appliances and Corian counter tops. Large dining area with wood burning stove, tung and groove pine ceilings and floors. Addition and dining area sidewalls are tung and groove cedar. Laundry room with washer and dryer included. Second bedroom is a bunk room that sleeps 4. Enjoy the views from the wrap-around composite deck or the screened-in porch. Storage underneath the deck. Metal roof on the cottage and 20X20 detached building built in 2012. Building is insulated, finished with knotty pine and a wood burning stove. It is so nice that it could be used for additional bedrooms if needed since it is partially divided and has electric. There are stairs to the upper level for additional storage. Security system. Mineral rights will transfer. Private ground.

24. 2019-04-23
    status Pending

    Show marketing remark (1000 chars)

    Get away from it all at this meticulously maintained 3 bedroom, open concept cottage at Leesville Lake. Cozy up in the great room around the beautiful stone fireplace. Fully applianced cherry kitchen with breakfast bar, stainless steel appliances and Corian counter tops. Large dining area with wood burning stove, tung and groove pine ceilings and floors. Addition and dining area sidewalls are tung and groove cedar. Laundry room with washer and dryer included. Second bedroom is a bunk room that sleeps 4. Enjoy the views from the wrap-around composite deck or the screened-in porch. Storage underneath the deck. Metal roof on the cottage and 20X20 detached building built in 2012. Building is insulated, finished with knotty pine and a wood burning stove. It is so nice that it could be used for additional bedrooms if needed since it is partially divided and has electric. There are stairs to the upper level for additional storage. Security system. Mineral rights will transfer. Private ground.

25. 2019-03-13
    historical Contingent

    Show marketing remark (1000 chars)

    Get away from it all at this meticulously maintained 3 bedroom, open concept cottage at Leesville Lake. Cozy up in the great room around the beautiful stone fireplace. Fully applianced cherry kitchen with breakfast bar, stainless steel appliances and Corian counter tops. Large dining area with wood burning stove, tung and groove pine ceilings and floors. Addition and dining area sidewalls are tung and groove cedar. Laundry room with washer and dryer included. Second bedroom is a bunk room that sleeps 4. Enjoy the views from the wrap-around composite deck or the screened-in porch. Storage underneath the deck. Metal roof on the cottage and 20X20 detached building built in 2012. Building is insulated, finished with knotty pine and a wood burning stove. It is so nice that it could be used for additional bedrooms if needed since it is partially divided and has electric. There are stairs to the upper level for additional storage. Security system. Mineral rights will transfer. Private ground.

26. 2019-03-09
    listed $149,900 Active

    Show marketing remark (1000 chars)

    Get away from it all at this meticulously maintained 3 bedroom, open concept cottage at Leesville Lake. Cozy up in the great room around the beautiful stone fireplace. Fully applianced cherry kitchen with breakfast bar, stainless steel appliances and Corian counter tops. Large dining area with wood burning stove, tung and groove pine ceilings and floors. Addition and dining area sidewalls are tung and groove cedar. Laundry room with washer and dryer included. Second bedroom is a bunk room that sleeps 4. Enjoy the views from the wrap-around composite deck or the screened-in porch. Storage underneath the deck. Metal roof on the cottage and 20X20 detached building built in 2012. Building is insulated, finished with knotty pine and a wood burning stove. It is so nice that it could be used for additional bedrooms if needed since it is partially divided and has electric. There are stairs to the upper level for additional storage. Security system. Mineral rights will transfer. Private ground.

27. 2004-07-02
    soldstatus $43,400
28. 2004-07-02
    soldstatus $43,400
29. 2003-08-16
    listed $47,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,107 · $92/mo
• Projected year-2 tax: $2,269 · $189/mo
• Expected delta: +$1,163/yr (+$97/mo · 105.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,132
• − Mortgage interest: −$12,323
• − Property taxes: −$1,107
• − Insurance: −$1,100
• − Repairs & maintenance: −$4,091
• − Management: −$4,091
• − Depreciation: −$6,400
• Taxable income: $22,021
• Est. tax owed @ 24.0%: −$5,285
• After-tax cash flow: $19,058/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Conotton Valley Union Local
• NCES district ID: 3904754
• Math proficiency: 37% ▼ -18.00%
• Reading proficiency: 42% ▼ -5.00%
• Median HH income: $45,339
• Composite: 33.62/100
• National rank: #5405
• State rank: #541 of 656 in OH

Livability — Carrollton

• Score: 80/100
• State rank: #131
• US rank: #1863

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment C Housing A+ Health & safety A- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carroll · 27,595 people
• Metro: Canton-Massillon, OH
• Population (ZIP): 9,830
• Household income: $66,391
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 7.5

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 25,766 people
• By 2030: 24,481 · -5.0%
• By 2040: 21,803 · -15.4%
• By 2050: 19,323 · -25.0%
• By 2075: 15,205 · -41.0%
• By 2100: 12,287 · -52.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Iranian 3% Romanian 2%
• Foreign-born: 0% · Canada
• Languages at home: 92% English-only · German/W. Germanic 6% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+54.7) · D 22.2% · R 77.0%
• 2008→2024 swing: -49.9pp toward R · 2008: -4.8pp · 2024: -54.7pp
• All cycles: 2024: R+54.7 2020: R+52.7 2016: R+46.4 2012: R+13.7 2008: R+4.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.95%
• Current HPI: 222.0728
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+359.3% since first listed

16 events — show timeline

• 2026-06-12 Relisted — MLSNOW
• 2026-06-01 Contingent — MLSNOW
• 2026-04-22 Listed $220,000 MLSNOW
• 2021-07-12 Sold (MLS) $160,000 MLSNOW
• 2021-07-08 Pending — MLSNOW
• 2021-06-22 Price Changed $160,000 MLSNOW
• 2021-06-08 Contingent — MLSNOW
• 2021-06-03 Listed $149,900 MLSNOW
• 2019-04-25 Sold (Public Records) $129,000 Public Records
• 2019-04-25 Sold (MLS) $129,000 MLSNOW
• 2019-04-23 Pending — MLSNOW
• 2019-03-13 Contingent — MLSNOW
• 2019-03-09 Listed $149,900 MLSNOW
• 2004-07-02 Sold (Public Records) $43,400 Public Records
• 2004-07-02 Sold (MLS) $43,400 MLSNOW
• 2003-08-16 Listed $47,900 MLSNOW

Property tax history

+4.9%/yr

Latest (2025): $1,107 · +40.8% YoY. Source: county tax records.