NOT LISTED FOR SALE

8595 Fairmount Rd Novelty, OH 44072

Estimated Value: $442,000 - $537,000

4 Beds
3 Baths
3,284 Sq Ft
$152/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $350,000 $107 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,140/month

8 Days on Market

Highlights

  • River Front
  • View of Trees or Woods
  • Spring on Lot
  • West Geauga High School Rated 9+
  • Colonial Architecture
  • Wooded Lot

About This Home

As of December 2021

Attention investors or handy owners…wonderful opportunity to own this large 4-5 bedroom 3 full bath century home with great bones that sits on a 5 acre wooded lot with the Chagrin River crossing through it. Large detached garage has a wonderful knotty pine “party room” on second floor with complete with bar and fireplace. Home was last renovated in 2001, so it is in need of updates but has great potential. This home is being sold AS-IS. The five acre lot is being split from its current 13 acres. Buyer needs to agree to some deed restrictions designed to preserve the beautiful country setting (see supplement). Adjacent land is part of the Western Reserve Land Preservation and nothing will ever be built on it. Taxes reflect home on 13 acres and would be adjusted after lot split. House cannot be sold with more land. Buyer must assume septic AS-IS. Seller has no knowledge of current condition. Sale is contingent on proposed lot split which needs to be surveyed and approved by county. This process is in the works and expected to take several months. Sale cannot close until this process is complete which could be into September 2021 and possibly beyond.

Last Agent to Sell the Property

Susan Stone

Keller Williams Living License #2012001501 Listed on: 06/30/2021

Keller Williams Living

Co-Listed By

Taylor Stone

Keller Williams Living License #2019003280

Last Buyer's Agent

Susan Stone

Keller Williams Living License #2012001501 Listed on: 06/30/2021

Keller Williams Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,997

Year Built

  • Built in 1939

Lot Details

  • 5.58 Acre Lot
  • River Front
  • North Facing Home
  • Unpaved Streets
  • Wooded Lot

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 3,284 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Crawl Space
  • Home Security System

Kitchen

  • Built-In Oven
  • Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 5 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Garage Door Opener

Outdoor Features

  • Spring on Lot
  • Patio
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Well
  • Water Softener
  • Septic Tank

Community Details

  • Kent Sub Community

Listing and Financial Details

  • Assessor Parcel Number 26-124300

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,997

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: North
  • Price Per Square Foot: 106.58
  • Estimated Price per Sq Ft: 106.58
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 3284
  • Year Built: 1939
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1939

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Range, Refrigerator, Security System, Wall Oven, Washer, Water Softener
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Bedrooms on Main Level: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Main Level Full Bathrooms: 3
  • Basement Detail: Crawl
  • Laundry On Main: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 3284.00
  • Sq Ft Approx Total Finished: 3284.00

Exterior Features

  • View: Park, Wooded
  • Exterior: Wood
  • Exterior Features: Outbuilding, Patio
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Attached, Detached, Door Opener, Electric, Water Available
  • Garage Num Of Cars: 3

Utilities

  • Cooling Type: Central Air, Wall Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Water/Sewer: Well, Septic

Condo/Co-op/Association

  • Subdivision Complex: Kent Sub

Schools

  • School District: West Geauga LSD

Lot Info

  • Lot Description: River Front, Spring/Creek, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 5.5800
  • Parcel Number: 26-124300

Tax Info

  • Tax: 6997

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Dec 3, 2021
Sold by
Cleveland Museum and Natural Histo
Bought by
Kinkopf Edward Arthur and Kinkopf Kelly Toncar
Seller's Agent
Susan Stone
Keller Williams Living
Buyer's Agent
Susan Stone
Keller Williams Living
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$500,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,553
Avg. Annual Appreciation
9.63%
Original Mortgage
$253,575
Outstanding Balance
$233,316
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$267,237

Purchase Details

Closed on
May 26, 2021
Sold by
Pnc Bank Na
Bought by
The Cleveland Museum Of Natural History

Purchase Details

Closed on
Jan 1, 1990
Bought by
Nash Lucia Smith
Source: Public Records

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
Kinkopf Edward Arthur -- None Listed On Document
The Cleveland Museum Of Natural History -- None Available
Nash Lucia Smith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinkopf Edward Arthur $253,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2021 12/06/21 Sold $350,000 0.0% $107 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $350,000 -- $107 / 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
2024 $6,089 $136,570 $44,730 $91,840
2023 $6,089 $136,570 $44,730 $91,840
2022 $5,663 $125,480 $42,810 $82,670
2021 $6,668 $125,480 $42,810 $82,670
2020 $6,997 $125,480 $42,810 $82,670
2019 $683 $112,880 $42,810 $70,070
2018 $6,820 $112,880 $42,810 $70,070
2017 $6,830 $112,880 $42,810 $70,070
2016 $7,153 $113,090 $42,810 $70,280
2015 $6,602 $113,090 $42,810 $70,280
2014 $6,602 $113,090 $42,810 $70,280
2013 $6,644 $113,090 $42,810 $70,280
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Susan Stone

    Keller Williams Living

    (216) 346-1250

    30 Total Sales

    Susan Stone
    Section Image

  • T

    Seller Co-Listing Agent in 2021

    Taylor Stone

    Keller Williams Living

    (216) 346-9630

    13 Total Sales

    Taylor Stone
    Section Image
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Map

Source: MLS Now

MLS Number: 4288780

MLS Now

APN: 26-124300

Ohio Geauga County Novelty 44072

8595 Fairmount Rd, Novelty, OH

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