Sold
Last Sold Price
8 beds4,024 sqft

38973 Butternut Ridge Road, Elyria, OH 44035

Multi FamilyProperty Type
2.27 acresLot Size
1949Year Built
$55/sq ftPrice per sq ft
2 carsParking Spaces

Description

Opportunity Knocks ! Rare opportunity to own this one-of-a-kind property in Carlisle Twp. Situating on over 2+ acres this property consists of a 4 bed/2 bath main house with a 2-car garage and 4-1 bedroom cottage homes. All 4 cottages were totally renovated down to the studs approximately 18 years ago. Main home is very spacious with large eat-in kitchen and living room. Generous sized bedrooms. Full bath on main and upstairs floor. Cottages range in size from 384-672 square feet. Would make a great...Opportunity Knocks ! Rare opportunity to own this one-of-a-kind property in Carlisle Twp. Situating on over 2+ acres this property consists of a 4 bed/2 bath main house with a 2-car garage and 4-1 bedroom cottage homes. All 4 cottages were totally renovated down to the studs approximately 18 years ago. Main home is very spacious with large eat-in kitchen and living room. Generous sized bedrooms. Full bath on main and upstairs floor. Cottages range in size from 384-672 square feet. Would make a great Airbnb opportunity. Tenants pay gas and electric. Owner pays taxes, refuse, city water and maintenance of water filtration system/septic. The lot is picturesque and and backs up to the Black River. Truly breathtaking views. All 5 units are rented. Main house currently rents for $860 per month and each cottage $645. Long-term tenant in main house, rents could be higher. Don't miss out !
Listing closed: 03/03/2022 12:00 AM • Source: MLS Now, MLS#: 4342976
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Location

Listing Courtesy of Cutler Real Estate

Sold By Gentile Real Estate LLC

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Payment Calculator

$1,656 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,174

Property Taxes

$481

HOA Dues

$0

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Property Information for 38973 Butternut Ridge Road

Property Details

  • Taxes: $5,773 / year
  • MLS Type: Residential Income / Quadruplex
  • Subdivision Name: Carlisle Sec 06
  • View: Trees Woods
  • Has View: Yes
  • Waterfront Features: River Front
  • Has Waterfront: Yes

Building Information

  • Residences: 5
  • Year Built: 1949
  • Lot Size: 2.27 AC / 98,881 SF

Summary

Location and General Information
  • Directions: Located directly on Butternut Ridge between Indian Hollow Rd and Grafton Rd.
  • Latitude: 41.325856
  • Longitude: -82.07805
  • Township: Carlisle Twp
Taxes and HOA
  • Parcel Number: 10-00-006-120-012
  • Tax Annual Amount: $5,773.00
  • Tax Legal Description: 2010-0324900
School Information
  • Elementary School District: Midview LSD - 4710
  • High School District: Midview LSD - 4710
  • Middle or Junior School District: Midview LSD - 4710
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached, Garage, Paved

Property

Lot Information
  • Frontage Type: River
  • Lot Features: Wooded
  • Lot Size Acres: 2.27
  • Lot Size Area: 2.27
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 4024.0
  • Above Grade Finished Area Source: Assessor
  • Building Area Total: 4024.0
  • Living Area: 4024.0
  • Year Built: 1949
Building Features
  • Accessibility Features: None
  • Construction Materials: Vinyl Siding
  • Number of Buildings: 5
Utilities
  • Sewer: Private Sewer, Septic Tank
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Basement: None, Partial
  • Has Basement: No
  • Full Bathrooms: 6
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 6
  • Total Bedrooms: 8
  • Cooling: None, Wall Units
  • Has Cooling: No
  • Heating: Electric, Forced Air, Gas, Radiators
  • Has Heating: Yes
  • Laundry Features: In Unit, None
  • Main Level Bathrooms: 0
  • Total Rooms: 16
Exterior Features
  • Roof: Asphalt, Fiberglass

Multi Family

Multi Family Information
  • Total Number of Units: 5
Income & Expenses
  • Gross Income: $41,280.00
  • Net Operating Income: $17,520.36

Unit Information

Unit 1
  • Actual Rent: $645.00
  • Area: 660.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Unit 2
  • Actual Rent: $860.00
  • Area: 1924.0
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Total Units: 1
Unit 3
  • Actual Rent: $645.00
  • Area: 672.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Unit 4
  • Actual Rent: $645.00
  • Area: 384.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 2

Rental

Rent Information
  • Owner Pays: Other, Sewer, Trash Collection, Water
  • Tenant Pays: Cable Tv, Electricity, Gas, Heat

Property History for 38973 Butternut Ridge Road

DateEvent & SourcePriceAppreciation
Mar 3, 2022

Sold

MLS Now #4342976

$220,000—
Mar 2, 2022

Sold (Public Record)

Public Record #1484733715

$220,000

+4.9% / yr

Feb 5, 2022

Contract Signed

MLS Now #4342976

—
DateEvent & SourcePrice
03/03/2022

Sold

MLS Now #4342976

$220,000
03/02/2022

Sold (Public Record)

Public Record #1484733715

$220,000

+4.9% / yr

02/05/2022

Contract Signed

MLS Now #4342976

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 38973 Butternut Ridge Road

Taxable Value

Land

$22,575

Additions

$97,864
Total$120,439

Tax Record

2025

$6,511 ($543 / month)

Home Facts

Baths

6

Total Finished SqFt

4,024 SqFt

Above Grade Finished SqFt

4,024 SqFt

Lot Size

98,881 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1900

Year Renovated

1949

County

LORAIN

APN

10-00-006-120-012

Schools near 38973 Butternut Ridge Road

This home is within Midview Local School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 4
Public - 5 to 6
Public - 7 to 8
Rating
School
Distance
Midview North Elementary School
PublicK to 2

Midview West Elementary School
Public3 to 4

Midview East Elementary School
Public5 to 6

Midview Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Cutler Real Estate

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