A nice little castle in Cleveland
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Looks like it’s in pretty good shape!
https://www.zillow.com/homedetails/2383-N-Park-Blvd-Cleveland-Heights-OH-44106/33659263_zpid/
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Ah, the last gasp of American Romanesque. So many college buildings from the late 19th and early 20th centuries are in that style.
It does seem exceptionally cheap, unless there is some hidden 300K flaw somewhere. It has been updated, of course, but geez, that kitchen. It's gonna need a 50K makeover.
Crazy economist who likes to write about higher education.
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Depending on what has already been done, I’d say you’ll need some $300K to set it to rights. Upside is it generates some $2K per month in rental income from the carriage house.
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Wow, just wow. I do wonder about the "fatal flaw" because that seems like an enormous house for the price. I suspect the heating bills are pretty stiff and I don't know anything about the surrounding neighborhood. I'm not sure what people see as necessary updates. I'm curious about how it sells.
Did anyone notice the piano all by itself in the foyer?
Big Al
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@Piano-Dad said in A nice little castle in Cleveland:
So many college buildings from the late 19th and early 20th centuries are in that style.
Yep, it looks like a lot of our classroom buildings, except our buildings, and the grounds around them, are better maintained
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The neighborhood is nice and getting nicer. The park across the street is very nice indeed.
Schools don’t rate highly for whatever reason - lots of Cleveland Clinic employees send their kids there and I’d expect them to be better Property taxes are really high - which is why we didn’t settle in Cuyahoga County.
But my guess is that it got hammered in the property inspection. Guaranteed it needs rewiring and re plumbing -supply and waste. There is no air conditioning - something not historically necessary in CLE that has changed with climate change. I’ll be surprised if it does’t have mold, asbestos, rot, or all three. The roof is suspect, basement is too. Never mind the windows.
People buy vintage houses and restore them all the time and the results can be spectacular. This house, though, is so big it’s going to take a very particular type of buyer.
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Not sure about the heating bills. It’s a gas fired boiler and radiator system and gas is dirt cheap here. The weather has been absurdly mild for the last several years.
But I’m sure insulation and modern windows would be welcome.
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@Steve-Miller said in A nice little castle in Cleveland:
But my guess is that it got hammered in the property inspection. Guaranteed it needs rewiring and re plumbing -supply and waste. There is no air conditioning - something not historically necessary in CLE that has changed with climate change. I’ll be surprised if it does’t have mold, asbestos, rot, or all three. The roof is suspect, basement is too. Never mind the windows.
Sounds about right. The lack of AC alone would be a deal breaker for me, but it’s probably all the other issues that would end up being super, super expensive. And time consuming. And without guarantee of results.
It reminds me of when people talking about buying an old piano and having it restored. You don’t really know how it’s going to turn out until it’s finished. And even though it’s expensive, with an old piano, in a worst case scenario, you o could have it hauled off to the dump at the end of things didn’t go well.
With trying to restore an old house, that’s not an option!
