11940 State Route 58, Oberlin, OH 44074

$550,000
4
BD
2
BA
1,894
SqFt

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Sold Price
$550,000
List Price
$700,000
Status
CLOSED
Days on Market
237
Closing Date
Sep 28, 2023
MLS#
4435475
Subtype
Residential
Style
Colonial
Year Built
1930
Bedrooms
4
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
1,894
Acres
55.28
MLS Area Major
New Russia Twp

Property Description

Surveyed - Appraised - Free Gas w/ Mineral Rights. We are pleased to offer a vista of open sky over 55.284 acres of fields, meadow and mixed hardwoods - a peaceful landscape hosting a variety of wildlife, flora and fauna. Bask in the country life or explore the income potential including approximately 40 acres of tillable land (per FSA). This farm sale consists of two (2) parcels: PPN 09-00-055-000-001 (35.249 acres - where house and barn are located) and PPN 09-00-045-000-005 (20.035 acres). Located 1.3 miles from Oberlin College and the quaint City of Oberlin, this is an opportunity to invest in LAND and HOME and FREE GAS. The land was leased for agriculture through 2022 (CAUV tax reduction). The home was utilized as a rental and recently vacated by the property resident. Built in 1930, the home is deserving of rehab with its architectural character and gleaming wood floors, however the potential for this property could spark a number of investment ideas based on the zoning and area demographics. We’ve provided some local resources in the property brochure (OM) to explore ideas as well as contacts for lot splits and building regulations including Single Family and Duplex, Horse Farm, Vineyard, B&B and more.

Additional Information

Taxes
$4,567
Property Description
Colonial
Heating
Electric, Gas, Hot Water, Steam
Air Conditioning
Central Air
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Parking Features
No Garage, Unpaved
School District
Oberlin CSD - 4712

Listing Courtesy of: Renee M Velasquez, renee@thersvpgroup.com With EXP Realty, LLC.

Selling Office: Howard Hanna.

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