Michael J. and Cierra M. Hoffman acquire 7440 Ohio St., Mentor, appraised at $265,000

The home at 7440 Ohio St., Mentor, Lake County, was sold on May 29 by Thomas J. and Evelyn M. Newton for $265,000.

Michael J. and Cierra M. Hoffman were listed as the buyers.

Property taxes on the home totaled $6,662 in 2022, or 2.5% of the sale price.

This property is one of 90 sales in Mentor, Lake County, between April 29 and May 29.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.