162 Lake Terrace Drive, Munroe Falls, OH 44262 - Photo 1

1/1

$280,000

Sold
Closed
Townhouse
3 Beds
3 Full Baths
1 Partial Bath
1,776 Sq. Ft.
0.0408 Acres
2 Car Garage

1/1

Property Description

Welcome to 162 Lake Terrace Dr. in the highly sought-after Silver Valley Condominiums of Munroe Falls! This beautifully maintained 3-bedroom, 3.5-bath condo offers 1,776 sq. ft. of comfortable living space with an abundance of natural light throughout. From the moment you enter, you will appreciate the bright and open feel created by the numerous skylights and thoughtfully designed layout. The updated kitchen features newer appliances and opens seamlessly to the living room, complete with a cozy fireplace and access to the inviting sunroom - the perfect space to relax and enjoy the natural surroundings. The main level also offers a spacious family room, a convenient half bath, and plenty of room for entertaining. Upstairs, you'll find the primary suite featuring a private bathroom and walk-in closet. The second bedroom is generously sized and includes its own private bathroom, offering comfort and privacy for guests or family members. The finished lower level adds even more living space with an additional bedroom, full bathroom, and a finished laundry room. Enjoy the convenience of a 2-car garage, a welcoming front deck, and a location that puts you close to shopping, restaurants, grocery stores, and the popular Bike & Hike Trail. Located in one of the area's most desirable condo communities, this Silver Valley gem offers low-maintenance living with plenty of space, updates, and natural beauty. Don't miss your opportunity to call this home!

Full Property Details

Full Property Details for 162 Lake Terrace Dr

General

Sold For: $280,000
HOA FEE: $320/month
Taxes: $3,836 (2025)
Status: Closed
Type: Townhouse
Source: 505
MLS ID: 5222432
Added to Site: 106 day(s) ago

Interior

Number of Rooms: 6
Fireplace: Yes
Number of Fireplaces: 1
Fireplace(s): Kitchen, Living Room
Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1
Main Floor Baths: 1

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: In Basement, Lower Level

Exterior

Porch/Patio/Deck: Rear Porch, Enclosed, Front Porch, Patio, Porch

Parking

Garage: Yes
Garage Spaces: 2
Parking Features: Concrete, Driveway, Electricity, Garage, Garage Door Opener

Location

County: Summit
Township: Munroe Falls
Subdivision: Silver Valley Condo
Driving Directions: Route 91 (Main St./Darrow Rd.) to Silver Valley Blvd; turn onto Silver Valley Blvd and continue into the Silver Valley Condominiums community. Follow Silver Valley Blvd to turn right onto Lake Terrace Dr.

School Information

Elem School District: Stow-Munroe Falls CS - 7714
Midd School District: Stow-Munroe Falls CS - 7714
High School District: Stow-Munroe Falls CS - 7714

Community

Association: Yes
Assoc. Name: Silver Valley Condo
Assoc. Fees Include: Common Area Maintenance, Insurance, Maintenance Grounds, Reserve Fund, Roof, Snow Removal, Trash

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Forced Air, Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Contemporary
Structure Type: Townhouse
Construction: Stucco
Basement: Yes
Basement Desc.: Full, Finished
Roof: Asphalt, Fiberglass
Entry Floor Number: 1
Stories/Levels: 2
Square Feet: 1,776
Living Area: 1,776 Sq. Ft.
Finished Above Grnd: 1,776 Sq. Ft.
Year Built: 1986
Year Built Source: Appraiser
Property Condition: Updated/Remodeled

Lot Features

Lot Size (Acres): 0.0408
Lot Size: .0408
Lot Size Source: Assessor

Financial Considerations

Association Fee: $320
Assoc Fee Freq.: Monthly
Tax Amount: $3,836
Tax Year: 2025
Terms: Cash, Conventional, VA Loan

Disclosures and Reports

Special Conditions: Standard
Legal Description: SILVER VALLEY CONDO PHASE III PAR 2C BLDG M UNIT 162
Disclosures/Rstr.: HOA Disclosure
Property ID: 5802097

Listed by Keller Williams Chervenic Rlty, Brent Chervenic
Sold by Howard Hanna, Jean Reno

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Listing agent

— 162 Lake Terrace Dr —

Brent Chervenic

Keller Williams Chervenic Rlty

brentchervenic@kw.com, 330-802-0899

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NMLS#: 1598647

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Schools

Schools serving 162 Lake Terrace Dr

School District:Stow-Munroe Falls City School District

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 162 Lake Terrace Dr

Date

Details

Price

Change

Source

8/31/2026

Sold

$280,000

0.04%

MLS

6/25/2026

Listed

$279,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths

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Beds
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Total Bath
1,440
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Active
Updated 15 hours ago

2
Beds
3
Total Baths
1,548
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Price Reduced

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Active
Updated 3 days ago

4
Beds
3
Total Baths
2,153
Sq. Ft.

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$69,500

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Condo
Active
Updated 6 days ago

1
Bed
1
Total Bath
753
Sq. Ft.

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Updated 2 days ago

4
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3
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Active
Updated 2 days ago

4
Beds
3
Total Baths
2,771
Sq. Ft.

Listed by Keller Williams Chervenic Rlty, Kristin Berthiaume

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Condo
Closed

2
Beds
2
Total Baths
1,492
Sq. Ft.

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Sold by EXP Realty, LLC., Danielle A Arroyo

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Townhouse
Closed

3
Beds
2
Total Baths
2,054
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$258,000

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Condo
Closed

2
Beds
3
Total Baths
1,776
Sq. Ft.

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$275,500

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Single Family
Closed

3
Beds
2
Total Baths

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162 Lake Terrace Drive, Munroe Falls, OH 44262 (MLS# 5222432) is a Townhouse property that was sold at $280,000 on August 31, 2026. Want to learn more about 162 Lake Terrace Drive? Do you have questions about finding other Townhouse real estate for sale in Munroe Falls? You can browse all Munroe Falls real estate or contact a Coldwell Banker agent to request more information.

162 Lake Terrace Dr Munroe Falls, OH 44262