NOT LISTED FOR SALE

1838 Rheam Rd New Franklin, OH 44216

Estimated Value: $418,460 - $657,000

3 Beds
1 Bath
1,400 Sq Ft
$384/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $310,000 $221 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,757/month

84 Days on Market

Highlights

  • View of Trees or Woods
  • 25.6 Acre Lot
  • Deck
  • W.S. Stinson Elementary School Rated A-
  • Colonial Architecture
  • Spring on Lot

About This Home

As of September 2020

25.6 ACRES (per deed) of beautiful land, a jumbo 2-story bank barn and a *Western Reserve style* 200 yr. old century farmhouse, all loved by the same family for 50 years and "YES" this nature's beauty is all on one flag-shaped parcel of land (see attached drawing) w/ endless potential! An exceptionally private home, that sits way-way back off the road and has all the charm you hope for, with some rich wood walls and a gorgeous wood ceiling in the formal dining room. A windowed sun porch greets you as entry into an inviting kitchen w/ sliders to a large wrap around deck, the view from the deck is glorious and hard-to-find! A large office on the 1st floor w/an exterior access door. The water source is provided by an artesian spring that flows into a holding tank, located in the walk-out basement. In the past 50 years this 25.6 acres has housed horses and some cows, with primary use as "hay producing" land. Bonus: The 2 story wood & block barn has electric, is approx. 44 X 36 with a metal roof and 2 floors, both levels have concrete flooring and multiple access door(s), providing storage for your vehicles, tractors, toys, machinery, etc.. We believe your gonna love this land, with its long-time family history and all the potential it holds for you** SEE BROKER REMARKS** Seller requests Pre-approved buyer showings please & follow safety guidelines "thank you"!

Last Listed By

Beverly Bess

Coldwell Banker Schmidt Realty License #400199 Listed on: 05/18/2020

Coldwell Banker Schmidt Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1824

Lot Details

  • 25.6 Acre Lot
  • Lot Dimensions are 1384 x 1031
  • North Facing Home
  • Corner Lot
  • Unpaved Streets
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Metal Roof

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spring on Lot
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cistern
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 2400093

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,434

Year Built

Built in 1824

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: North
  • Price Per Square Foot: 221.43
  • Estimated Price per Sq Ft: 221.43
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1400
  • Year Built: 1824
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1824

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Room Count: 9
  • Basement Detail: Full, Walk-Out
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1400.00
  • Sq Ft Approx Total Finished: 1400.00

Exterior Features

  • View: Wooded
  • Exterior: Wood
  • Exterior Features: Barn/Stable, Deck, Storage Shed/Out Bld
  • Roof: Metal

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Cistern, Septic

Schools

  • School District: Northwest LSD
  • School District: Northwest LSD

Lot Info

  • Lot Dimensions: 1384 X 1031
  • Lot Description: Corner, Spring/Creek, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 25.6000
  • Parcel Number: 2400093

Tax Info

  • Tax: 1434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Sep 4, 2020
Sold by
Imlay Revocable Living Trust
Bought by
Guello Gregory M and St John Anita L
Seller's Agent
Beverly Bess
Coldwell Banker Schmidt Realty
Buyer's Agent
Beverly Bess
Coldwell Banker Schmidt Realty
List Price
$369,000
Sold Price
$310,000
Premium/Discount to List
-$59,000
-15.99%
Total Days on Market
84
Current Estimated Value
$537,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,730
Avg. Annual Appreciation
7.60%

Purchase Details

Listed on
May 18, 2020
Closed on
Sep 3, 2020
Sold by
Imlay Revocable Living Trust and Imlay Revocable Living Trust
Bought by
Guello Gregory M and St John Anita L
Seller's Agent
Beverly Bess
Coldwell Banker Schmidt Realty
Buyer's Agent
Beverly Bess
Coldwell Banker Schmidt Realty
List Price
$369,000
Sold Price
$310,000
Premium/Discount to List
-$59,000
-15.99%

Purchase Details

Closed on
Mar 26, 2010
Sold by
Imlay Kenneth P and Imlay Antionette D
Bought by
Imlay Kenneth P and Imlay Antionette D

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Guello Gregory M $310,000 First Security Title
Imlay Revocable Living Trust -- --
Guello Gregory M $310,000 First Security Title
Imlay Revocable Living Trust -- --
Imlay Kenneth P -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $310,000 -11.0% $221 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/06/2020 07/06/20 Price Changed $348,500 -2.9% $249 / Sq Ft
06/05/2020 06/05/20 Price Changed $359,000 -2.7% $256 / Sq Ft
05/18/2020 05/18/20 For Sale $369,000 -- $264 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,840 $239,957 $26,611 $213,346
2024 $10,840 $239,957 $26,611 $213,346
2023 $10,840 $239,957 $26,611 $213,346
2022 $276 $51,871 $49,445 $2,426
2021 $276 $5,422 $2,996 $2,426
2020 $1,523 $39,750 $12,500 $27,250
2019 $1,433 $36,750 $15,690 $21,060
2018 $1,433 $36,750 $15,690 $21,060
2017 $1,709 $36,750 $15,690 $21,060
2016 $1,682 $39,630 $21,660 $17,970
2015 $1,709 $39,630 $21,660 $17,970
2014 $1,784 $39,630 $21,660 $17,970
2013 $1,445 $33,780 $14,220 $19,560
Source: Public Records

Agents Affiliated with this Home

  • Beverly Bess

    Seller's Agent in 2020

    Beverly Bess

    Coldwell Banker Schmidt Realty

    (330) 645-0227

    19 in this area

    118 Total Sales

    Beverly Bess
    Section Image
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Map

Source: MLS Now

MLS Number: 4189070

MLS Now

APN: 24-00093

Ohio Summit County New Franklin 44216

1838 Rheam Rd, New Franklin, OH

Homes for Sale in New Franklin, OH

This home is located at 1838 Rheam Rd, New Franklin, OH 44216 since 18 May 2020 and is currently estimated at $537,730, approximately $384 per square foot. This property was built in 1824. 1838 Rheam Rd is a home located in Summit County with nearby schools including Northwest Primary School, W.S. Stinson Elementary School, and Northwest Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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