NOT LISTED FOR SALE

39050 Colorado Ave Avon, OH 44011

Estimated Value: $5,722,651

1.51 Acres
$3,789,835 Price per Acre
65,776 Sq Ft Lot

Last Sold August 14, 2019

Last sale price $400,000

Est. 1,331% increase in value since last sale

Current estimated payment $38,296/month

183 Days on Market

Highlights

  • 1.51 Acre Lot
  • Avon Heritage South Elementary School Rated A
  • Corner Lot

About This Lot

As of August 2019

Prime location land at the corner of Colorado Ave and Chester Rd just off of I90/RT2 with a traffic count of over 18,000 a day on Chester Rd and over 25,000 a day on Colorado Ave. Access easement from Fairfield Inn. Approx. 1.51 acres. See your agent for details on the variances and minimal restrictions on this land.

Last Agent to Sell the Property

Steve Lehmann

Truth First Realty License #2010003176 Listed on: 02/05/2019

Co-Listed By

Default zSystem

zSystem Default

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,906

Lot Details

  • 1.51 Acre Lot
  • Corner Lot
  • Property is zoned Commercial

Listing and Financial Details

  • Assessor Parcel Number 0400004102208

Property Details

Property Type

Land

Est. Annual Taxes

$1,906

Lot Details

0

Listing Details

  • PropertySubType: Commercial,Unimproved Land
  • PropertyType: Land
  • LotFeatures: Corner Lot
  • Lot Size Acres: 1.51
  • MLS Status: Sold
  • Directions: Chester Rd at Colorado Ave directly in front of Fairfield Inn.
  • Tax Year: 2018
  • Master Plan Zoning: Commercial
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: No

Utilities

  • Electricity On Property: No
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Avon

Lot Info

  • Lot Size Sq Ft: 65775.6
  • ResoLotSizeUnits: Acres
  • Parcel Number: 0400004102208
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1905.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2025
Sold by
Avon Lodgings Llc
Bought by
H3s3 Investments Llc
Current Estimated Value
$5,722,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,375,000
Outstanding Balance
$6,342,497
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2016
Sold by
Inn On Rivers Edge Lp
Bought by
Avon Lodgings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,590,425
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2016
Sold by
Inn On The Rivers Edge Lp
Bought by
Inn On The Rivers Edge Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,590,425
Interest Rate
3.45%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
H3s3 Investments Llc $3,700,000 None Listed On Document
Avon Lodgings Llc $3,550,000 Stewart Title
Inn On The Rivers Edge Lp -- --
Inn On The Rivers Edge Lp -- --
Inn On The Rivers Edge Lp -- --
Inn On The Rivers Edge Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open H3s3 Investments Llc $6,375,000
Previous Owner Avon Lodgings Llc $5,590,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2019 08/14/19 Sold $400,000 -15.8% --
08/07/2019 08/07/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $475,000 -- --
Source: Firelands Association of REALTORS®

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
2024 $98,693 $1,700,829 $267,890 $1,432,939
2023 $79,981 $1,245,846 $206,801 $1,039,045
2022 $78,979 $1,245,846 $206,801 $1,039,045
2021 $79,178 $1,245,846 $206,801 $1,039,045
2020 $81,412 $1,245,850 $206,800 $1,039,050
2019 $79,915 $1,245,850 $206,800 $1,039,050
2018 $73,954 $1,245,850 $206,800 $1,039,050
2017 $74,003 $1,151,250 $274,720 $876,530
2016 $0 $1,151,250 $274,720 $876,530
Source: Public Records

Agents Affiliated with this Home

  • Steve Lehmann

    Seller's Agent in 2019

    Steve Lehmann

    Truth First Realty

    (419) 680-6390

    124 Total Sales

    Steve Lehmann
    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Default zSystem

    zSystem Default

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Map

Source: Firelands Association of REALTORS®

MLS Number: 20190604

APN: 04-00-004-102-211

Ohio Lorain County Avon 44011

39050 Colorado Ave, Avon, OH

Not Listed for Sale

Lots

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