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$279,900

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 1,776 Sq. Ft.
  • 0.0408 Acres
  • 2 Car Garage
  • Updated 9 days ago
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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 for 162 Lake Terrace Dr

General

  • Price: $279,900
  • HOA FEE: $320/month
  • Taxes: $3,836 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: 505
  • MLS ID: 5222432
  • Updated: 6/28/2026
  • Added to Site: 12 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

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Listing agent

— 162 Lake Terrace Dr —

  • Brent Chervenic

    Keller Williams Chervenic Rlty

brentchervenic@kw.com, 330-802-0899

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/25/2026
Listed
$279,900
24.4%
MLS
3/05/2024
Sold
$225,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 162 Lake Terrace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,458
42%
$67,971
—
2023
$3,856
—
$67,971
—
2023
$3,856
23%
$67,980
24%
2021
$3,129
-13%
$54,820
—
2022
$3,593
78%
$54,820
—
2020
$2,021
—
$54,820
29%
2019
$2,021
2%
$42,473
—
2018
$1,987
—
$42,473
—
2017
$1,994
-1%
$42,473
—
2016
$2,022
7%
$42,473
—
2015
$1,894
—
$42,473
—
2014
$1,896
-22%
$42,473
-15%
2013
$2,426
—
$49,704
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 162 Lake Terrace Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Chervenic Rlty, Brent Chervenic

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162 Lake Terrace Drive, Munroe Falls, OH 44262 (MLS# 5222432) is a Townhouse property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 162 Lake Terrace Drive is currently listed for $279,900 and was received on June 25, 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.

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