162 Lake Terrace Drive Munroe Falls, OH $ 279,900
162 Lake Terrace Drive
$ 279,900
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162 Lake Terrace Drive

Munroe Falls, OH, 44262
$ 279,900
Bedrooms3 Baths3.1 Sq 1,776

Monthly Estimate*

$ 1,767

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Condo for sale in Munroe Falls, OH

for $279,900 with 3 bedrooms and 3 full baths, 1 half bath. This 1,776 square foot condo was built in 1986 on a lot size of 0.0408.

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!

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Condo Active

Price

$ 279,900

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Condo

Taxes

$ 3,836

Style

Lot Size

0.0408

Year Built

1986

Town/City

Munroe Falls

County/Region

Summit

MLS | Web ID

5222432

Features
General
Sewer Public Sewer
Heating Forced Air Gas
Cooling Central Air
Possession Negotiable
Roof Asphalt Fiberglass
Appliances Dryer Dishwasher Microwave Range Refrigerator Washer
HOA Fee 320
Garage Spaces 2
Association Fee Includes Common Area Maintenance Insurance Maintenance Grounds Reserve Fund Roof Snow Removal Trash
Patio/Porch Features Rear Porch Enclosed Front Porch Patio Porch
Architectural Style Contemporary
Pool Features None
Construction Materials Stucco
Year Built 1986
Township Munroe Falls
Levels Three Or More
Property Subtype Condominium
Tax Year 2025
Accessibility None
Assoc Fee Paid Per Monthly
County Summit
Property Type Residential
HOA true
Attached Garage false
Subdivision Name Silver Valley Condo
Garage Y/N true
Total Rooms 6
Full Baths 3
Status Active
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.
City Munroe Falls
Disclosures HOA Disclosure
Association Name Silver Valley Condo
High School District Stow-Munroe Falls CS - 7714
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3836
Home Warranty Y/N false
Property Condition Updated/Remodeled
Structure Type Townhouse
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Stow-Munroe Falls CS - 7714
Elementary School District Stow-Munroe Falls CS - 7714
Year Built Source Appraiser
Property Sub Type Additional Condominium Townhouse
Legal Description SILVER VALLEY CONDO PHASE III PAR 2C BLDG M UNIT 162
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Interior
Basement Full Finished
Total Fireplaces 1
Fireplace Features Kitchen Living Room
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 1776
Half Baths 1
Laundry Features In Basement Lower Level
Total Bedrooms 3
Entry Level 1
Main Level Bedrooms 0
Main Level Bathrooms 1
Above Grade Finished Area Source Assessor
Total Baths 4
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Exterior
Parking Features Concrete Driveway Electricity Garage Garage Door Opener
Water Source Public
Lot Size Area 0.0408
Lot Size Acres 0.0408
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Brent Chervenic

Listing Agent

Keller Williams Chervenic Rlty

Broker

brentchervenic@kw.com

Email

Affordability Calculator

$2,087
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,767
Monthly Property Taxes
$320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458014 Elementary School
4458020 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2026$279,900 Listed Price

Map


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162 Lake Terrace Drive, Munroe Falls, OH, 44262 is a Condo for sale at $279,900 with 1,776 sqft and a lot size of 0.0408. 162 Lake Terrace Drive has 3 bedrooms, 3.1 baths, and was built in 1986. The property's zip code is 44262 which is in Munroe Falls, OH