$750,000 1641 Root Rd Lorain, OH

MLS: 3927271   Type: Single Family   County: Lorain   City: Lorain   Neighborhood: Sheffield   Zip: 44052   Style: Colonial   # Rooms: 8    Stories: 2   Taxes: $3,371

Mortgage $3,521 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

4

2

1

4,931

20.01

1900

Motivated Seller! Drastically Reduced* Excellent Cash Cow Opportunity offering over 20 acres of land & a Multi-family 6 Bedroom Century Home with a pond is perfect for an owner user or investment with Endless Possibilities which presents an investor w a unique opportunity to acquire a stable investment* Easily Accessible with Ready to Build Suite Opportunity in Sheffield Village Twp/Lorain. Package located in Prime Location Near the corner of Root & Colorado locally known as a High Traffic Area*Perfect Development Site for Senior Housing, Healthcare, Motel, Retail Plaza & Many Others! There are 5 total parcels - 4 vacant land & 1 Multi-family home w a pond located at 1641 Root Rd over 20 acres ***Mineral Rights Are Also Included***Seller states Lots can tap into the utilities (Gas, Electric, Water & Sanitary/Storm Sewer) which are located on the property of the homesite* All 5 adjoining parcels fall under a JEDD with zoning options for Commercial, Industrial or Residential * The Prime location has allowed local businesses to service a wide geographic area including Lorain, Sheffield Village, Avon, Avon Lk, Westlake, Bay Village, N.Olm & Amherst & others*Market Highlights: Surrounding Retailers incl Valero, Burger King, Pizza Hut, Discount Drug Mart, Midway Mall & Many Others. Within a half hr drive to Downtown Cleveland I-90, I-80, 480 & RT. 2! In the 2015 Fortune 500 ranking of the largest U.S. corporations, 7 companies are based in Northeast OH* Call or email w questions!

Elementary School

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Price History

8/1/2017 Listed $1,110,000
9/1/2017 12% - $985,000
1/5/2018 24% - $750,000

Directions Corner of Root Road and Colorado Avenue-5 adjoining parcels Bordering Lorain and Sheffield Village
HOA Northern Ohio Regional MLS
HOA Y/N 0
Homestead Exemption Yes
Limited Service No
Maintenance Fee? No
Property Sub Type Single Family
Property Type Residential
School District Lorain CSD
Short Sale No
Status Active
Style Colonial
Subdivision Complex Sheffield
Warranty? No
Year Built 1900

Interior Features

Appliances Equipment Smoke Detector
Basement Detail Full, Unfinished
Basement Y/N Yes
Bedroom Dimensions 12.00 x 10.00
Cooling None
Dining Room Dimensions 18.00 x 12.00
Family Room Dimensions 19.00 x 14.00
Fireplaces Total 0
Full Baths 2
Full Baths Lower 0
Full Baths Main 2
Full Baths Upper 0
Half Baths 1
Half Baths Lower 0
Half Baths Main 1
Half Baths Upper 0
Heating Fuel Gas
Heating Type Other, Radiators
Kitchen Dimensions 15.00 x 12.00
Living Room Dimensions 14.00 x 14.00
Master Bedroom Dimensions 16.00 x 14.00
Room Count 9
Sun Room Dimensions 9.00 x 14.00

Exterior Features

Driveway Paved
Exterior Vinyl
Garage Capacity 2
Garage Features Attached, Door Opener, Electric
Irregular Lot No
Lot Description Addt'l Land Avail, Pond, Wooded/Treed
Lot Dimensions 256x116x330
Lot Size Units Acres
Natural Resource Rig Mineral
Roof Asphalt/Fiberglass
Stories 2.00
Water Sewer Public Water, Public Sewer

Property Schools



Direct Link:

http://dwingenfeld.russellrealty.com/property/192-3927271-1641-Root-Rd-Lorain-OH-44052

Gallery (31 photos)

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Property vs Zip Code Avg (44052)

Price 750K Avg 70K

Sqr Feet 4,931 Avg 1,443

Cost / Sqr Ft $152 Avg $49

Taxes $3,371 Avg $2,584

Acres 20.01 Avg 0.4

Visits 6,020 Avg 4,730

Days on Site 297 Avg 178

Walkscore® 20 Avg 44

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Listing Provided Courtesy Of: Russell Real Estate Services




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Location & Address

Daniel Wingenfeld
12198 Pearl Rd.
Strongsville, OH
440-888-4500
440-268-9647

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