NOT LISTED FOR SALE

38973 Butternut Ridge Rd Elyria, OH 44035

8 Beds
6 Baths
4,024 Sq Ft
2.27 Acres

Last Sold March 03, 2022

Last sale price $220,000 $55 Per Sq Ft

5 Days on Market

Highlights

  • River Front
  • Wooded Lot
  • Forced Air Heating System
  • View of Trees or Woods
  • 2 Car Detached Garage

About This Home

As of March 2022

Opportunity Knocks !! Rare opportunity to own this one-of-a-kind property in Carlisle Twp. Situating on over 2+ acres this property consists of a 4 bed/2 bath main house with a 2-car garage and 4-1 bedroom cottage homes. All 4 cottages were totally renovated down to the studs approximately 18 years ago. Main home is very spacious with large eat-in kitchen and living room. Generous sized bedrooms. Full bath on main and upstairs floor. Cottages range in size from 384-672 square feet. Would make a great Airbnb opportunity. Tenants pay gas and electric. Owner pays taxes, refuse, city water and maintenance of water filtration system/septic. The lot is picturesque and and backs up to the Black River. Truly breathtaking views. All 5 units are rented. Main house currently rents for $860 per month and each cottage $645. Long-term tenant in main house, rents could be higher. Don't miss out !

Last Agent to Sell the Property

James Arnos

Cutler Real Estate License #2014005290 Listed on: 01/31/2022

Cutler Real Estate

Last Buyer's Agent

Chris Miller

Gentile Real Estate LLC License #2007002562

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 2.27 Acre Lot
  • River Front
  • Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,024 Sq Ft Home
  • 4-Story Property
  • Views of Woods
  • Partial Basement
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Gas
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 10-00-006-120-012

Community Details

Overview

  • 5 Buildings
  • 5 Units
  • Carlisle Sec 06 Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 54.67
  • Estimated Price per Sq Ft: 54.67
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 4024
  • Year Built: 1949
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Detail: Partial
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 4024.00
  • Sq Ft Approx Total Finished: 4024.00

Exterior Features

  • View: Wooded
  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit, None
  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Electric, Gas
  • Heating Type: Forced Air, Radiators
  • Water/Sewer: Public Water, Private Sewer, Septic

Condo/Co-op/Association

  • Subdivision Complex: Carlisle Sec 06

Fee Information

  • Op Expenses: 24119.64

Schools

  • School District: Midview LSD
  • School District: Midview LSD

Lot Info

  • Lot Description: River Front, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 2.2700
  • Parcel Number: 10-00-006-120-012

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link, Electric, Gas, Heating

Multi Family

  • Unit Count: 4
  • Gross Income: 41280.00
  • Net Income: 17520.36
  • Num Of Buildings: 5
  • Number of Units: 5
  • Percent Units Occupied: 100

Tax Info

  • Tax: 5773

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
03/03/2022 03/03/22 Sold $220,000 +10.6% $55 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $199,000 -- $49 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Arnos

    Seller's Agent in 2022

    James Arnos

    Cutler Real Estate

    (216) 407-5347

    183 Total Sales

    Section Image

  • C

    Buyer's Agent in 2022

    Chris Miller

    Gentile Real Estate LLC

    (440) 552-6101

    142 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 4342976

MLS Now

APN: 10-00-006-120-012

Ohio Lorain County Elyria 44035

38973 Butternut Ridge Rd, Elyria, OH

This home is located at 38973 Butternut Ridge Rd, Elyria, OH 44035 since 31 January 2022. This property was built in 1949. 38973 Butternut Ridge Rd is a home located in Lorain County with nearby schools including Midview West Elementary School, Midview North Elementary School, and Midview 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.

MLS Now IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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