Nestled on a secluded five acre parcel in Hunting Valley, this custom built home overlooks natural woodlands that slope to the Chagrin River, complete with a year round running brook. To access the property, one passes through a stand of mature maples, birches and oaks which stand guard over the house and cloak it in privacy. The setting is truly a nature lover’s dream.
The high peak rooflines and rustic exposed beam exterior, combined with the leaded glass windows throughout the structure, make one feel like they have stumbled upon a fabled cottage in the woods.
Hand-built by local craftsmen, construction on the residence began in 1995. It was designed to the exacting tastes of the matriarch of a prominent, long-time Hunting Valley/Gates Mills family. The interior includes numerous historical and unique elements, many of which were salvaged from iconic Cleveland landmarks for incorporation into this special home. The interior will need minor build-out, finish and remodeling work but, with a little TLC, this home will be truly spectacular.
Structurally, the home is built to last using first-class materials and, as with any luxury home, the new owners will want to bring their own charm and style to the property to bring out its full potential.
The Chagrin River Valley is one of the most sought-after areas for exclusive living in Cuyahoga County. A number of stately homes currently are listed for sale nearby, at prices beginning at $400 per square foot of finished living area, with some much higher. A bid of $1,000,000 at this auction would be equivalent to only about $150 per square foot for the home’s 6,750 square feet of finished area -- a bargain price that would more than justify an incremental additional investment to restore this home to its original rustic elegance. The property was last listed for sale at $1,400,000 in 2005.
The property is in the Orange City School District.
Lot Size: Auction property is 5+/- acres in size. It is in the rear and you cannot see it from the road. A permanent easement allows clear access to the property through the front acreage. JUST ADDED! 4.5 ACRES FRONTING COUNTY LINE ROAD!
Annual Taxes: $ 31,507.00
Foreclosure Sale in lieu of Sheriff we will use Private Selling Officer. Current Sheriff Appraisal is $925,000 with minimum opening bid acceptable of $616,975.00. 5% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 6% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. Private Selling Officer deed given at closing with no liens or back taxes.
Deposit and Closing:
After the sale, the Auctioneer shall execute and cause to be recorded on behalf of the purchaser a deed of conveyance of the real estate sold.
Realtor showings and cooperation are encouraged. A co-op fee will be paid to any brokerage representing the buyer.
Brokerage agent must complete and submit a Buyer Broker Registration Form, found in the right hand column of this page, to the auctioneer no later than 48 hours prior to the auction.
Please call Auctioneer to schedule all showings.