162 Lake Terrace DriveMunroe Falls, OH 44262

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$279,900 Contingent

3 beds 3 full baths 1 partial baths 1,776 sqft

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Listed By

Agency Name: Keller Williams Chervenic Rlty
Agency Contact: brentchervenic@kw.com, 330-802-0899

Shown By

Agency Title: Cutler Real Estate
Agency Phone:

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!

162 Lake Terrace Drive | MLS# 5222432

This condo located at 162 Lake Terrace Drive, Munroe Falls, OH 44262 is currently listed for sale with an asking price of $279,900. This property was built in 1986 and has 3 bedrooms and 3 full and 1 partial baths with 1776 sq. ft. Lake Terrace Drive is located in the Silver Valley Condo subdivision within the Stow-Munroe Falls CS - 7714 school district. Search Silver Valley Condo real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Residential - Condominium

Basement: Yes

Basement: Full, Finished

Cooling: Central Air

Days on Market: 31

Fireplaces: 1

Garage: 2

Heating: Forced Air, Gas

Home Style: Contemporary

Lot Size: 0.04 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $3,836 / year

Year Built: 1986

Feature Descriptions

Accessibility: None

Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Exterior: Stucco

Fireplace: Kitchen, Living Room

HOA: Yes

HOA Fee: 320/ Monthly

Laundry: In Basement, Lower Level

Parcel#: 5802097

Parking: Concrete, Driveway, Electricity, Garage, Garage Door Opener

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

Sewer: Public Sewer

Water: Public

Room Sizes

Laundry: 16 x 7 Level - Lower

Bathroom: N D x N D Level - Lower

Bedroom: 12 x 12 Level - Lower

Kitchen: 17 x 10 Level - First

Sunroom: 10 x 14 Level - First

Bathroom: N D x N D Level - First

Family Room: 15 x 23 Level - First

Bathroom: N D x N D Level - Second

Bedroom: 12 x 12 Level - Second

Primary Bathroom: 10 x 8 Level - Second

Primary Bathroom: 16 x 16 Level - Second

Living Room: 17 x 18 Level - First

Local Schools

School District: Stow-Munroe Falls CS - 7714

Market Trends

Munroe Falls Residential Market Trend Graphs

Zip Code 44262

Source: Delta Media Group, Inc.

Demographics

Summit County Demographic Information for 162 Lake Terrace Drive, Munroe Falls, OH 44262

Fips

Fips Code 39153

Population

2020 to 2025 Change down 0.4%

2010 Count 541,781

2020 Count 540,428

2025 Estimate (V2025) 538,376

2020 Estimate (V2025) 540,429

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.4%

18 to 64 54.2%

65 and Older 20.2%

Gender

Male 48.7%

Female 51.3%

Place of Birth

Foreign 6.0%

US 94.0%

Education

High School Graduate, Age 25+ 92.8%

Bachelor's Degree or Higher, Age 25+ 35.8%

Computer and Internet use

Households with a computer 95.4%

Households with a broadband Internet subscription 91.6%

Language

English is Second Language, Age 5+ 7.3%

English is First Language, Age 5+ 92.7%

Veterans

Veterans 25,976

Income

Per Capita Income $43,061

Median Household Income $71,622

People in Poverty 13.3%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 247,173

Households 231,267

Average Household Size 2.29

Owner-Occupied 67.5%

Multi-Family 22.4%

Owner-Occupied Median Value $208,700

Median selected monthly owner costs -with a mortgage $1,470

Median selected monthly owner costs -without a mortgage $599

Median gross rent $1,026

Building Permits

New Private Housing Issued 2024 1,082

Years at Residence

1 Year or More 88.9%

Less Than 1 Year 11.1%

Business and Employment

Private non-farm Establishments 13,309

Private non-farm Employment 249,827

Private non-farm Employment Growth down 0.8%

Nonemployer Establishments 43,820

Number of Firms 9,566

Business Production

Value of Shipments $9,410,730,000

Wholesale Trade $9,120,214,000

Retail Trade $8,582,177,000

Retail Sales Per Capita $15,606

Accommodation and Food Services $1,190,062,000

Land

Land Area 412.75 sq. miles

Population Per Square Mile 1,313

Source: US Census Bureau

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Estimated Payment

$ 1,835.09 per month $1,433.78 Principal & Interest $319.67 Property Tax $81.64 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/06/2026. The listing information on this page last changed on 08/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 08/06/2026 1:17:51 AM EST) or Dayton MLS (last updated Wed 08/05/2026 11:46:50 PM EST) or CBRMLS (last updated Thu 08/06/2026 12:44:40 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Wed 08/05/2026 11:53:36 PM EST) or NKY MLS (last updated Wed 08/05/2026 11:28:34 PM EST) or Wrist MLS (last updated Wed 08/05/2026 11:24:18 PM EST) or Firelands MLS (last updated Wed 08/05/2026 11:11:30 PM EST) or MLS NOW (last updated Thu 08/06/2026 12:17:37 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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162 Lake Terrace DriveMunroe Falls, OH 44262

162 Lake Terrace DriveMunroe Falls, OH 44262

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Property Description

162 Lake Terrace Drive | MLS# 5222432

Property Features

Feature Descriptions

Room Sizes

Local Schools

Market Trends

Demographics

Estimate Your Payment

Change Payment Information