180 Lake Terrace Dr · Munroe Falls, OH 44262

$207,000

2 bd · 1.5 ba · 1,864 sqft · Condo public records · 60 Days on market

Built 1986 $111/sqft · 17% below area Est $248k · 17% under $298/mo HOA · 16% of rent

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +6.7/30.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• 1% rule +3.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to easy living in the desirable Silver Valley community of Munroe Falls. This 2-bedroom, 1.5-bath condo brings the wow-factor with soaring vaulted ceilings, dramatic skylights, and stunning wood floors throughout. Natural light pours in while serene views of lush landscaping—and the occasional deer sighting—create a peaceful, tucked-away feel right outside your door. The spacious primary suite features an impressive bath, complemented by ample storage, first-floor laundry, and an attached 1-car garage. And here’s the bonus: a brand-new roof is being installed this summer, adding peace of mind and long-term value to an already standout home.

Key facts

• Impressive bath
• Stunning wood floors
• Lush landscaping

Tags

• SOARING VAULTED CEILINGS
• DRAMATIC SKYLIGHTS
• STUNNING WOOD FLOORS
• LUSH LANDSCAPING
• IMPRESSIVE BATH
• AMPLE STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $207k.

Deal economics

• At list price, monthly cash flow is $-336 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (28.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (12.1% below list).
• Recommended offer: $148k (28.6% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 77/100 on livability (#206 in OH, #3,245 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Stow-Munroe Falls City School District (suburban): math 58% / reading 64% proficiency, ranked #247 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 13 active listings in the ZIP; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($201k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $140k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $147,711 (28.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 4.35%
• Cash-on-cash: -6.95%
• DSCR: 0.69
• GRM: 9.5

CMA / ARV

• ARV (median comp): $248,074
• List price: $207,000
• Delta: -16.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -28.2%
• Equity multiple: 0.06×
• Total profit: $-54,681
• Equity at exit: $30,864

10-year hold

• IRR: -26.6%
• Equity multiple: -0.28×
• Total profit: $-74,174
• Equity at exit: $17,898

Cash invested: $57,960 (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 44262

• Active inventory: 13
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,819 medium
• Mortgage (P&I): −$1,086
• Tax from tax record: −$303 /mo · $3,638/yr
• Insurance: −$86
• HOA: −$298
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-336

Break-even live

Break-even rent $2,244

Max offer price $147,711

Occupancy floor —

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: $51,750
• Closing costs: $6,210
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $298 · $3,576/yr
• Likely covers: landscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-17
   status $207,000 Pending 60 DOM
2. 2026-06-17
   days on market $207,000 Contingent 60 DOM
3. 2026-06-16
   days on market $207,000 Contingent 59 DOM
4. 2026-06-15
   days on market $207,000 Contingent 58 DOM
5. 2026-06-14
   days on market $207,000 Contingent 56 DOM
6. 2026-06-10
   days on market $207,000 Contingent 53 DOM
7. 2026-06-09
   days on market $207,000 Contingent 52 DOM
8. 2026-06-08
   days on market $207,000 Contingent 51 DOM
9. 2026-06-07
   days on market $207,000 Contingent 50 DOM
10. 2026-06-03
    days on market $207,000 Contingent 46 DOM
11. 2026-06-02
    days on market $207,000 Contingent 45 DOM
12. 2026-06-01
    days on market $207,000 Contingent 44 DOM
13. 2026-05-31
    days on market $207,000 Contingent 43 DOM
14. 2026-05-31
    days on market $207,000 Contingent 42 DOM
15. 2026-05-10
    historical Contingent 674-char remark

    Show marketing remark (674 chars)

    Welcome to easy living in the desirable Silver Valley community of Munroe Falls. This 2-bedroom, 1.5-bath condo brings the wow-factor with soaring vaulted ceilings, dramatic skylights, and stunning wood floors throughout. Natural light pours in while serene views of lush landscaping—and the occasional deer sighting—create a peaceful, tucked-away feel right outside your door. The spacious primary suite features an impressive bath, complemented by ample storage, first-floor laundry, and an attached 1-car garage. And here’s the bonus: a brand-new roof is being installed this summer, adding peace of mind and long-term value to an already standout home.

16. 2026-05-01
    price $207,000 674-char remark

    Show marketing remark (674 chars)

    Welcome to easy living in the desirable Silver Valley community of Munroe Falls. This 2-bedroom, 1.5-bath condo brings the wow-factor with soaring vaulted ceilings, dramatic skylights, and stunning wood floors throughout. Natural light pours in while serene views of lush landscaping—and the occasional deer sighting—create a peaceful, tucked-away feel right outside your door. The spacious primary suite features an impressive bath, complemented by ample storage, first-floor laundry, and an attached 1-car garage. And here’s the bonus: a brand-new roof is being installed this summer, adding peace of mind and long-term value to an already standout home.

17. 2026-04-18
    listed $215,000 Active 674-char remark

    Show marketing remark (674 chars)

    Welcome to easy living in the desirable Silver Valley community of Munroe Falls. This 2-bedroom, 1.5-bath condo brings the wow-factor with soaring vaulted ceilings, dramatic skylights, and stunning wood floors throughout. Natural light pours in while serene views of lush landscaping—and the occasional deer sighting—create a peaceful, tucked-away feel right outside your door. The spacious primary suite features an impressive bath, complemented by ample storage, first-floor laundry, and an attached 1-car garage. And here’s the bonus: a brand-new roof is being installed this summer, adding peace of mind and long-term value to an already standout home.

18. 2016-11-02
    soldstatus $139,900 Sold 724-char remark

    Show marketing remark (724 chars)

    Very impressive condo in the desirable Silver Valley community. It's an end unit with a patio area overlooking the semi private backyard and wooded area. Attractive exterior too with updated roof , exterior paint and updated landscaping. Step into the foyer entry to see the dramatic floor plan with a soaring cathedral ceiling that encompasses the living room, dining room with bay window and the bright and open kitchen. Windows designed to welcome plenty of sunlight. Woodburning fireplace plus gorgeous hickory floors throughout. 2 very spacious bedrooms and a remodeled master bathroom that is sure to please everyone! Plus there is a neighborhood lake open for annual membership to swim, fish, picnic or go boating.

19. 2016-11-01
    soldstatus $139,900
20. 2016-10-21
    status Pending 724-char remark

    Show marketing remark (724 chars)

    Very impressive condo in the desirable Silver Valley community. It's an end unit with a patio area overlooking the semi private backyard and wooded area. Attractive exterior too with updated roof , exterior paint and updated landscaping. Step into the foyer entry to see the dramatic floor plan with a soaring cathedral ceiling that encompasses the living room, dining room with bay window and the bright and open kitchen. Windows designed to welcome plenty of sunlight. Woodburning fireplace plus gorgeous hickory floors throughout. 2 very spacious bedrooms and a remodeled master bathroom that is sure to please everyone! Plus there is a neighborhood lake open for annual membership to swim, fish, picnic or go boating.

21. 2016-09-24
    historical Contingent 724-char remark

    Show marketing remark (724 chars)

    Very impressive condo in the desirable Silver Valley community. It's an end unit with a patio area overlooking the semi private backyard and wooded area. Attractive exterior too with updated roof , exterior paint and updated landscaping. Step into the foyer entry to see the dramatic floor plan with a soaring cathedral ceiling that encompasses the living room, dining room with bay window and the bright and open kitchen. Windows designed to welcome plenty of sunlight. Woodburning fireplace plus gorgeous hickory floors throughout. 2 very spacious bedrooms and a remodeled master bathroom that is sure to please everyone! Plus there is a neighborhood lake open for annual membership to swim, fish, picnic or go boating.

22. 2016-07-18
    listed $139,900 Active 724-char remark

    Show marketing remark (724 chars)

    Very impressive condo in the desirable Silver Valley community. It's an end unit with a patio area overlooking the semi private backyard and wooded area. Attractive exterior too with updated roof , exterior paint and updated landscaping. Step into the foyer entry to see the dramatic floor plan with a soaring cathedral ceiling that encompasses the living room, dining room with bay window and the bright and open kitchen. Windows designed to welcome plenty of sunlight. Woodburning fireplace plus gorgeous hickory floors throughout. 2 very spacious bedrooms and a remodeled master bathroom that is sure to please everyone! Plus there is a neighborhood lake open for annual membership to swim, fish, picnic or go boating.

23. 2008-07-01
    soldstatus $132,900
24. 2008-06-25
    historical
25. 2008-03-25
    listed $139,900
26. 2008-03-24
    historical
27. 2007-12-26
    listed $139,900
28. 1990-04-25
    soldstatus $108,000
29. 1986-03-12
    soldstatus $89,030

ⓘ 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: $3,638 · $303/mo
• Projected year-2 tax: $3,638 · $303/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,832
• − Mortgage interest: −$11,595
• − Property taxes: −$3,638
• − Insurance: −$1,035
• − Repairs & maintenance: −$1,747
• − Management: −$1,747
• − HOA: −$3,576
• − Depreciation: −$6,022
• Taxable loss: −$7,527
• Est. tax savings @ 24.0%: +$1,806
• After-tax cash flow: $-2,221/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: Stow-Munroe Falls City School District
• NCES district ID: 3904483
• Math proficiency: 58% ▼ -11.00%
• Reading proficiency: 64% ▼ -6.00%
• Median HH income: $64,663
• Composite: 53.29/100
• National rank: #1488
• State rank: #247 of 656 in OH

Livability — Munroe Falls

• Score: 77/100
• State rank: #206
• US rank: #3245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munroe Falls, OH
• County: Summit · 539,389 people
• City population: 5,019
• Metro: Akron, OH
• Population (ZIP): 5,019
• Household income: $75,089
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 5.1

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 3% Black 2% Asian 2%
• Common ancestry: Slovak 4% Romanian 4% Italian 3%
• Foreign-born: 4% · India, Canada
• Languages at home: 95% English-only · Other Indo-European 3% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.74%
• Current HPI: 207.1333
• 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

+132.5% since first listed

15 events — show timeline

• 2026-05-10 Contingent — MLSNOW
• 2026-05-01 Price Changed $207,000 MLSNOW
• 2026-04-18 Listed $215,000 MLSNOW
• 2016-11-02 Sold (MLS) $139,900 MLSNOW
• 2016-11-01 Sold (Public Records) $139,900 Public Records
• 2016-10-21 Pending — MLSNOW
• 2016-09-24 Contingent — MLSNOW
• 2016-07-18 Listed $139,900 MLSNOW
• 2008-07-01 Sold (MLS) $132,900 MLSNOW
• 2008-06-25 Listing Removed — MLSNOW
• 2008-03-25 Listed $139,900 MLSNOW
• 2008-03-24 Listing Removed — MLSNOW
• 2007-12-26 Listed $139,900 MLSNOW
• 1990-04-25 Sold (Public Records) $108,000 Public Records
• 1986-03-12 Sold (Public Records) $89,030 Public Records

Property tax history

+3.7%/yr

Latest (2025): $3,638 · -1.6% YoY. Source: county tax records.