Score
0Cleveland Heights, OH
2025 Chestnut Hills Dr
940K
5 beds
5 baths
8,923 sqft
5 bd • 5 ba • 8,923 sf
This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$940,000
Price/Sq.Ft
$105
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large Square Footage: With 8,923 sqft, the property offers ample living space. This size is significantly larger than the median home size in Cleveland Heights, offering substantial room for a growing household.
• Competitive Price per Square Foot: At $105.35/sqft, the property is competitively priced compared to luxury homes in Cleveland Heights, which often exceed $200/sqft. This lower price per square foot may attract buyers looking for value.
• Five Bedrooms and Bathrooms: The property features five bedrooms and five bathrooms, making it suitable for large families or those who desire extra space for guests or home offices. This is above the average for Cleveland Heights, where many homes have three to four bedrooms.
• Location in Cleveland Heights: Cleveland Heights offers a mix of urban and suburban living, with access to cultural amenities, parks, and schools. The location provides a desirable lifestyle for many buyers.
• Investment Potential: The property could be renovated and turned into a high-end rental, capitalizing on the demand for spacious homes in the area. The median income in the area is $32,745, but the potential rental income from a five-bedroom home could offset the income disparities.
The Bad
• Unknown Build Year: The missing build year makes it difficult to assess the property's condition and potential maintenance needs. Older homes may require extensive updates.
• No Property Description: The absence of a property description limits understanding of the home's layout, features, and overall appeal. This lack of information can deter potential buyers.
• Missing Room Details: Without room details, it's challenging to evaluate the functionality and suitability of the space. Buyers may struggle to envision how the property meets their needs.
• Lack of Utility Information: The absence of utility information makes it difficult to estimate ongoing costs, such as heating, cooling, and water. This lack of transparency can make budgeting challenging.
The Ugly
• High Price Tag: At $940,000, the property represents a significant financial investment, potentially limiting the pool of qualified buyers.
• Unknown Condition: Without a property description or build year, the property's current condition is uncertain. Potential buyers may face unexpected repair costs.
• Economic Risks: The median income in Cleveland Heights is relatively low at $32,745, which could indicate economic challenges in the area. This may impact long-term property values and rental demand.
• Market Instability: Cleveland Heights experiences seasonal market fluctuations, which could affect the property's value and sale potential.
• Potential for High Maintenance Costs: A large, older home may require significant ongoing maintenance, adding to the overall cost of ownership. Without details about the property's systems, these costs are hard to predict accurately.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Large Home: The property's expansive 8,923 sqft offers ample space for large households.
• Buyers Desiring a Traditional Aesthetic: The home showcases classic architectural details, appealing to those who appreciate timeless design.
• Buyers Prioritizing Location: The Chestnut Hills area is known for its proximity to local amenities and community resources, ideal for convenience.
• Buyers Comfortable with Renovation Projects: Given the unknown build year, those prepared to invest in updates and improvements would find value here.
• Buyers Seeking Investment Potential: The five-bedroom layout, when renovated, could appeal to renters seeking larger accommodations. The location near amenities could attract potential tenants.
Not For
• Buyers Seeking a Modern, Move-In Ready Home: The lack of property description and unknown build year suggest that the property may require significant updates, which might not suit buyers looking for immediate occupancy.
• Buyers on a Strict Budget: The high price point and potential for unknown repairs could strain those with limited financial flexibility.
• Buyers Prioritizing Low Maintenance: An older home of this size may require substantial ongoing maintenance, deterring those seeking a hassle-free property.
• Buyers Unwilling to Renovate: Given the absence of property details, significant renovations might be necessary, making it unsuitable for those who prefer not to undertake such projects.
• Buyers Requiring Specific Amenities: The lack of details regarding utilities and systems may make the property unsuitable for buyers with very specific needs.
Demographics
Area Median Income
$32,745
Property History
Price History
Ownership Timeline
$940,000Financed
Dec 14, 2022Gene Sullivan, Alice Prescott SullivanJessica Hohman, Michael Trejeeve Martyn
Warranty Deed
Standard Sale (Purchase/Resales)
$675,000Financed
Nov 14, 2018Elizabeth N Patterson, Elizabeth N Patterson TrustGene Sullivan, Alice Prescott Sullivan
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 20, 2016Elizabeth N Patterson, Brinda M PattersonElizaebth N Patierosn, The Elizabth N Patterson Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 7, 2000Patterson Brendan M & Elizabeth NElizabeth N Patterson
Intrafamily Transfer
Non-Arm's Length Transactions
$540,000Financed
Mar 28, 1998Anne R Pimlott, Anne Louise RassagaBrendan M Patterson, Elizabeth M Patterson
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$820
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