Discover this 11-acre wooded sanctuary in desirable Novelty, Ohio, where nature and opportunity converge. This remarkable property showcases 211 feet of prime frontage along Fairmount Road and extends nearly half a mile northward, offering an ideal canvas for your dream estate. This former horse property contains a paddock space and five-stall horse barn. To the rear, a mature forest creates a natural amphitheater as it slopes gracefully toward the Chagrin River, which bisects the property with 207 feet of waterfront on both banks. The northern boundary meets the historic inter-urban railway trail, a scenic bridle path, beyond which lies protected land owned by the Western Reserve Land Conservancy—ensuring lasting privacy and preserved natural views. This exceptional setting combines rural tranquility with outstanding accessibility, positioned just minutes from the charming Village of Chagrin Falls, upscale dining, boutique shopping, parks, and convenient access to US-422. While the existing structure requires either extensive renovation or replacement, the property's natural features and strategic location present an excellent opportunity to create a distinguished residence amidst the rolling woodlands of Northeast Ohio's rural countryside.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 11:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$596
$52,150
2019
$624
$51,100
2018
$630
$51,100
2017
$859
$55,270
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,052
Per Month
Principal & Interest
$2,985
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,859
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Robert C. Lindsey Elementary School
11844 Caves Rd
Distance between this listing and this school4.40 miles
Public District Grades 3-5
8
/10
Gates Mills Elementary School
7639 Colvin Rd
Distance between this listing and this school4.70 miles
Public District Grades KG-5
10
/10
Munson Elementary School
12687 Bass Lake Rd
Distance between this listing and this school5.87 miles
Public District Grades KG-3
Nearby Schools
9
/10
West Geauga Middle School
8611 Cedar Rd
Distance between this listing and this school1.00 miles
Public District Grades 6-8
7
/10
Chagrin Falls Intermediate Elementary School
77 E Washington St
Distance between this listing and this school5.56 miles
Public District Grades 4-6
8
/10
Chagrin Falls Middle School
342 E Washington St
Distance between this listing and this school5.57 miles
Public District Grades 7-8
Nearby Schools
9
/10
West Geauga High School
13401 Chillicothe Rd
Distance between this listing and this school1.07 miles
Public District Grades 9-12
9
/10
Chagrin Falls High School
400 E Washington St
Distance between this listing and this school5.54 miles
Public District Grades 9-12
7
/10
Mayfield Middle School
1123 Som Center Rd
Distance between this listing and this school6.50 miles
The neighbors living near this home have an average income of $66,260. Residents of Geauga County, OH typically earn between $35k-100k each year. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8986 Fairmount Rd
What is the listing price of this property?
The listing price of 8986 Fairmount Rd property is $598,000.
What type of property is this?
The property 8986 Fairmount Rd is land located in Novelty, Ohio, 44072.
Is this property for sale now?
Active Listing: 8986 Fairmount Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $596 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8986 Fairmount Rd in Novelty, OH and zip code 44072. This home sits on a 11.00 acre lot. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $598,000.
Geauga County, OH housing market in November 2024 saw over 7 listings sold above listed price, more than 10 sold at listed price and over 37 sold below. The inventory of homes for sale in Geauga County, OH between October 2024 and November 2024 decreased by 11.9%. The median list price of listings available in November 2024 was $365,000, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.