40 Old Farm Rd Chagrin Falls, OH 44022
4
Beds
2.5
Baths
3,735
Sq Ft
1.7
Acres
Highlights
- Views of Trees
- Colonial Architecture
- 2 Fireplaces
- Moreland Hills Elementary School Rated A
- Wood Burning Stove
- No HOA
About This Home
As of March 2025Amazing opportunity for a charming colonial on a pristine 1.7 acre lot in Moreland Hills! This sprawling home features over 3,700 square feet of finished living space with a gracious floorplan that features spacious living areas, abundant natural light, beautiful woodwork, generously-sized bedrooms, and more! It just needs a bit of TLC and your personal finishes. The grand front entrance opens into a welcoming foyer with original slate tile flooring. To your right is the very spacious living room that boasts an elegant fireplace and delightful wainscoting. French doors open from the living room to a fantastic sunroom that boasts a vaulted ceiling with skylights, built-ins with a wet bar, and easy access to the back patio. The living room also connects to the kitchen that includes an eat-in area, a full complement of appliances, and quartz countertops. The formal dining room off of the kitchen also features elegant wainscoting. Also off of the kitchen is a hallway that leads to the attached 2-car garage, a powder room, a laundry, and a stunning family room with custom millwork, a wood stove, and a beautiful bay window. Upstairs, there are four very spacious bedrooms, all with generous closets and plenty of natural light. The primary bedroom features an ensuite full bath with two vanities, as well as a walk-in closet with a dressing room. A second full bath completes the upstairs. The lower level features a finished rec room adorned with reclaimed barn wood on the walls as well as the custom bar! Outside, there is detached 1-car garage with a breezeway to the tranquil back patio that looks out to the lush, wooded back yard. Fantastic location on a quiet cul-de-sac just minutes away from amenities! Don't miss this one!
Last Agent to Sell the Property
Keller Williams Greater Metropolitan Brokerage Email: Terryyoung@theyoungteam.com 216-400-5224 License #237938 Listed on: 06/21/2024
Last Buyer's Agent
Keller Williams Greater Metropolitan Brokerage Email: Terryyoung@theyoungteam.com 216-400-5224 License #237938 Listed on: 06/21/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,936
Year Built
- Built in 1961
Parking
- 3 Car Garage
Home Design
- Colonial Architecture
- Frame Construction
- Fiberglass Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- 2 Fireplaces
- Wood Burning Stove
- Views of Trees
- Partially Finished Basement
- Partial Basement
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Septic Tank
Additional Features
- Patio
- 1.7 Acre Lot
Community Details
- No Home Owners Association
- Old Homestead Estates 03 Subdivision
Listing and Financial Details
- Assessor Parcel Number 911-17-015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2024
Closed on
Mar 25, 2025
Sold by
Kingdom Home Builders Llc
Bought by
Jason L Drasner Living Trust and Jennifer Michele Rich Drasner Living Trust
Seller's Agent
Terry Young
Keller Williams Greater Metropolitan
Buyer's Agent
Sally Messinger
Howard Hanna
List Price
$2,250,000
Sold Price
$2,250,000
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,125,059
Avg. Annual Appreciation
-87.76%
Purchase Details
Listed on
Jun 21, 2024
Closed on
Jun 3, 2024
Sold by
Margaret B Page Declaration Of Trust and Minnillo Elizabeth
Bought by
Kingdom Home Builders Llc
Seller's Agent
Terry Young
Keller Williams Greater Metropolitan
Buyer's Agent
Terry Young
Keller Williams Greater Metropolitan
List Price
$499,900
Sold Price
$499,900
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
707.90%
Purchase Details
Closed on
Oct 30, 2009
Sold by
Page Margaret B
Bought by
Page Margaret B
Purchase Details
Closed on
Feb 23, 2006
Sold by
Page Margaret B
Bought by
Page Margaret B and Trust Agreement Of Margaret B Page
Purchase Details
Closed on
Jan 1, 1975
Bought by
Page Robert T and Page Margaret B
Similar Homes in Chagrin Falls, OH
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $625,000 | Erie Title | |
| Fiduciary Deed | $499,900 | Erie Title | |
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Credit Line Revolving | |
| Previous Owner | $200,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $2,250,000 | 0.0% | $563 / Sq Ft |
| 01/18/2025 01/18/25 | Pending | -- | -- | -- |
| 11/22/2024 11/22/24 | For Sale | $2,250,000 | +350.1% | $563 / Sq Ft |
| 07/12/2024 07/12/24 | Sold | $499,900 | 0.0% | $134 / Sq Ft |
| 06/24/2024 06/24/24 | For Sale | $499,900 | -- | $134 / Sq Ft |
| 06/23/2024 06/23/24 | Pending | -- | -- | -- |
Source: MLS Now
Tax History Compared to Growth
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 | $12,825 | $236,775 | $37,485 | $199,290 |
| 2023 | $11,936 | $188,060 | $49,810 | $138,250 |
| 2022 | $11,979 | $188,055 | $49,805 | $138,250 |
| 2021 | $11,857 | $188,060 | $49,810 | $138,250 |
| 2020 | $11,173 | $166,430 | $44,070 | $122,360 |
| 2019 | $10,804 | $475,500 | $125,900 | $349,600 |
| 2018 | $10,740 | $166,430 | $44,070 | $122,360 |
| 2017 | $10,362 | $160,550 | $32,730 | $127,820 |
| 2016 | $10,238 | $160,550 | $32,730 | $127,820 |
| 2015 | $15,103 | $160,550 | $32,730 | $127,820 |
| 2014 | $15,103 | $150,050 | $30,590 | $119,460 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Young
Seller's Agent in 2025
Terry Young
Keller Williams Greater Metropolitan
(216) 378-9618
17 in this area
1,418 Total Sales
-
Sally Messinger
Buyer's Agent in 2025
Sally Messinger
Howard Hanna
(216) 240-9911
2 in this area
125 Total Sales
Map
Source: MLS Now
MLS Number: 5046963
APN: 911-17-015
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