Susan A. Lundeen purchases 7544 Monterey Bay Drive Union-5, Mentor-on-the-Lake, appraised at $272,000

The home at 7544 Monterey Bay Drive Union-5, Mentor-on-the-Lake, was sold on July 1 by Kenneth J. and Matthew Simko for $272,000.

Susan A. Lundeen was listed as the buyer.

Property taxes on the home totaled $7,709 in 2022, or 2.8% of the sale price.

This property is one of nine sales in Mentor-on-the-Lake, Lake County, between June 1 and July 1.

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.