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    664 Pine Dr Lake Milton, OH 44429

    Sponsored
    For Sale
    $914,900

    MULTI_FAMILY - Lake Milton, OH

    Lot size:
    0.15 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 19 at 1:06 pm

    Property Features for 664 Pine Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    51-039-0-036.00-0
    Parking features
    Garage, Driveway
    Fireplace
    1
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Forced Air, Natural Gas, Fireplace(s)
    Cooling system
    Electric, Varies by Unit, Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1998
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Shingle, Fiberglass, Asphalt

    We can help!

    Listing Contact
    Sarah Hjort

    LPT Realty (877) 366-2213 [email protected]

    Listing agent Sarah Hjort (440) 785-2044 License #2021007778

    Listing date Jan 18, 2026

    MLS# 5179643 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Homes, Lake Milton Lifestyle

    This property features two distinct single-family homes, designed for flexibility, privacy, and a Lake Milton lifestyle. The homes are sold together as one opportunity, suitable for shared living, a private retreat, or investment use. The front home, located at 664 Pine Drive, offers generous living space with a functional layout. The main level includes a spacious great room with radiant floor heating and a bonus room. It also provides direct access to a two-car garage with high ceilings, radiant heat, and ample storage. An upper-level living suite, accessed via a separate exterior staircase, functions independently with its own living area, kitchen, bedrooms, baths, and deck access, offering privacy for guests or extended family. The lake house, located at 17544 Pine Court, delivers lake charm and views. This home features a primary bedroom and an open loft functioning as a second bedroom, both positioned to capture lake views. A sun room with walk-out access connects the interior to outdoor spaces, including a multi-level deck, hot tub, decorative water feature, dock, and a beach-style swim area. Together, the two homes offer a combined total of six bedrooms and six bathrooms across two separate single-family dwellings. The property includes many furnishings for a turn-key transition. Both parcels feature owned solar systems and whole-house irrigation. Two home warranties will be provided, one for each property. The lot size is 0.151 acres. This property is well suited for both seasonal enjoyment and year-round living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Milton
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.985928
    Latitude
    41.100817

    Nearby Similar for Sale

    • $1,900,000
      0.53 Acres

      Lake Milton Commercial Restaurant Opportunity

      New Construction, Lakefront, Liquor License Included
      17000 Mahoning Ave, Lake Milton, OH 44429
      View Details

    FAQs

    What type of property is this?
    Single family property - Two single-family homes offering flexibility, privacy, and lakefront living.
    Where is this single family property located?
    The property is located at 664 Pine Dr Lake Milton, OH.
    What is the asking price?
    The asking price for this property is $914,900.
    What are key features of this property?
    This property features: - Two single-family homes sold together, offering flexibility for shared living, private retreat, or investment.; - **Lakefront residence with immersive views, multi-level deck, hot tub, dock, and beach-style swim area.**; - Separate upper-level living suite in the front home with private access, kitchen, bedrooms, baths, and deck.
    (440) 785-2044
    Request Owner's contact information
    664 Pine Dr Lake Milton, OH 44429
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    664 Pine Dr Lake Milton, OH 44429
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    We can help!
    Listing Contact
    Sarah Hjort
    Real Estate License ID: 2021007778
    (440) 785-2044
    Learn more
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