NOT LISTED FOR SALE

8640 Fairmount Rd Novelty, OH 44072

Estimated Value: $331,000 - $409,744

4 Beds
2.5 Baths
2,104 Sq Ft
$172/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $255,000 $121 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,418/month

8 Days on Market

Highlights

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

About This Home

As of November 2021

Tons of potential and a great location for this 4 bed 2 full bath century farmhouse. Needs a little TLC but is nestled on a wonderful 9+ acre wooded lot adjacent to the Chagrin River. The lot on the west and north side backs up against protected Western Reserve Land Conservancy property. 3 Acres surround the home and are "changable" per owner's desire. The remaining 6+ acres can be enjoyed, but never altered...they remain forever in conservation. Features include a two car attached garage, accompanying barn with two horse stalls, screened in porch and a lovely stone chimney. Bring your personal touches and tool belt to restore this charming farmhouse. Buyer must agree to some deed restrictions designed to preserve the land. (see supplements). House being sold AS-IS. Buyer must assume responsibility for septic and well: seller has no knowledge of current condition.

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

Dan McCaskey

RE/MAX Traditions License #350659

RE/MAX Traditions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,657

Year Built

  • Built in 1930

Lot Details

  • 9.11 Acre Lot
  • South Facing Home
  • Wooded Lot

Parking

  • 3 Car Garage

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2,104 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Partial Basement
  • Sump Pump

Outdoor Features

  • Spring on Lot
  • Patio
  • Outbuilding
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 26-125600

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,657

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: South
  • Price Per Square Foot: 121.20
  • Estimated Price per Sq Ft: 121.20
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2104
  • Year Built: 1930
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Appliances Equipment: Dishwasher, Range, Sump Pump
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Room Count: 1
  • Basement Detail: Partial
  • Laundry On Main: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2104.00
  • Sq Ft Approx Total Finished: 2104.00

Exterior Features

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

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached, Detached
  • Garage Num Of Cars: 3

Utilities

  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Water/Sewer: Well, Septic

Schools

  • School District: West Geauga LSD

Lot Info

  • Lot Description: Spring/Creek, Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 9.1100
  • Parcel Number: 26-125600

Tax Info

  • Tax: 2657

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Oct 29, 2021
Sold by
The Cleveland Museum Of Natural History
Bought by
Phillips Ian and Peetz Saren
Seller's Agent
Susan Stone
Keller Williams Living
Buyer's Agent
Dan McCaskey
RE/MAX Traditions
List Price
$230,000
Sold Price
$255,000
Premium/Discount to List
$25,000
10.87%
Current Estimated Value
$362,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,436
Avg. Annual Appreciation
9.28%
Original Mortgage
$204,000
Outstanding Balance
$187,189
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$175,247

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 S
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
Phillips Ian $255,000 None Available
The Cleveland Museum Of Natural History -- None Available
Nash Lucia S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Ian $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2021 11/10/21 Sold $255,000 +10.9% $121 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $230,000 -- $109 / 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 $6,131 $137,410 $58,380 $79,030
2023 $6,131 $137,410 $58,380 $79,030
2022 $4,964 $92,860 $48,650 $44,210
2021 $5,019 $92,860 $48,650 $44,210
2020 $5,312 $93,670 $49,460 $44,210
2019 $5,345 $86,910 $49,460 $37,450
2018 $5,337 $86,910 $49,460 $37,450
2017 $5,345 $86,910 $49,460 $37,450
2016 $5,480 $85,200 $49,460 $35,740
2015 $5,065 $85,200 $49,460 $35,740
2014 $5,065 $85,200 $49,460 $35,740
2013 $5,097 $85,200 $49,460 $35,740
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
  • Dan McCaskey

    Buyer's Agent in 2021

    Dan McCaskey

    RE/MAX

    (440) 773-5542

    378 Total Sales

    Dan McCaskey
    Section Image
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Map

Source: MLS Now

MLS Number: 4288871

MLS Now

APN: 26-125600

Ohio Geauga County Novelty 44072

8640 Fairmount Rd, Novelty, OH

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