Score
0London, OH
4070 Tradersville Brighton Rd
2.5M
5 beds
5 baths
6,457 sqft
5 bd • 5 ba • 6,457 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$2,500,000
Price/Sq.Ft
$387
Year Built
1986
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 44-acre estate in London, OH offers exceptional value and features. At $387.18/sqft, it's priced 22% below the average luxury home price of $500/sqft in the area. The 6,457 sqft main house, built in 1986, is complemented by 44 acres of land, providing unmatched privacy and potential for various uses. The property includes a 1-acre stocked pond, adding both aesthetic and recreational value. With 5 bedrooms and 5 bathrooms, it can accommodate large families or serve as a luxury retreat. The estate boasts four barns, including a main 60x100 ft barn with a cathedral-like entrance, offering ample space for equestrian facilities, workshops, or storage. The geothermal heating system provides energy efficiency, potentially saving $3,000-$5,000 annually in energy costs compared to traditional systems. The property's minimal flood (1/10) and fire (1/10) risk scores are significantly better than the area averages, reducing insurance costs and long-term risks.
The Bad
The property has been on the market for 430 days, which is significantly longer than the average of 60-90 days for luxury properties in the area. This extended listing period could indicate overpricing or limited market demand. The asking price of $2,500,000 represents a 78.6% increase from its last sale price of $1,400,000 in 2022, which may be ambitious given the 21-month timeframe. The house, built in 1986, may require updates to meet modern luxury standards, potentially costing $200,000-$300,000 for high-end renovations. The estimated insurance cost of $9,000/year is high, likely due to the property's size and multiple structures. The moderate air quality risk (3/10) and heat risk (3/10) could impact outdoor enjoyment and energy costs during peak summer months.
The Ugly
The property's rural location, while offering privacy, may limit its appeal to buyers seeking proximity to urban amenities. The nearest schools are 6.1 miles away, which could be a significant drawback for families with children. The local median income of $70,573 suggests a limited pool of potential buyers who can afford a $2.5 million property, potentially extending the selling time further. The property's uniqueness and large acreage may make it difficult to find comparable sales for accurate valuation, which could complicate financing and future resale. The multiple barns and extensive land require significant ongoing maintenance, potentially costing $30,000-$50,000 annually. The property's value is heavily tied to its land and unique features, which may not appreciate at the same rate as more conventional properties, potentially impacting long-term investment returns.
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
This property is ideal for high-net-worth individuals with annual incomes exceeding $500,000, seeking a private rural estate. It's perfect for equestrian enthusiasts or hobby farmers who can utilize the multiple barns and extensive acreage. The estate would suit buyers looking for a secluded retreat, potentially as a second home or for those who work remotely and prioritize space and privacy over urban convenience. Investors interested in land banking or developing a luxury retreat or event venue could find this property attractive, given its size and unique features. The property could also appeal to conservation-minded buyers looking to preserve a large tract of land near urban areas.
Not For
This property is not suitable for buyers seeking a primary residence close to urban amenities or quality schools, given its rural location and distance from educational facilities. It's not ideal for those with a budget under $2 million or requiring traditional mortgage financing, as the unique nature of the property may complicate lending. Buyers looking for a low-maintenance lifestyle should avoid this property due to the extensive upkeep required for the land and multiple structures. It's not appropriate for investors seeking quick returns or easy resale, as the market for such unique properties is limited. Families prioritizing short commutes or walkable neighborhoods would find this rural estate impractical.
Demographics
Area Median Income
$70,573
Property History
Price History
Ownership Timeline
$1,400,000Cash Purchase
Dec 23, 2021Curt D WaldvogelLjkj Rome Hilliard Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Jul 22, 2008Lori A Lueth, Lori A WaldvogelCurt D Waldvogel
Intrafamily Transfer
Non-Arm's Length Transactions
$560,000Cash Purchase
Jan 6, 2006Garrett S Dill Jr, Sidney A DillCurt D Waldvogel, Lori A Waldvogel
Survivorship Deed
Standard Sale (Purchase/Resales)
Property Taxes
$8,268
2023 Tax Assessment
1.1%from previous year
Assessed Value$369,310
Tax Rate2.24%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
8.0/10
ExcellentHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$760
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,500,000
Price/sqft
$387
Layout
5 bd•5 ba
Days on market
430 daysat time of analysis
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$155,000
1512.9%
Your price is 1512.9% above average
Median Price
$155,000
1512.9%
Based on 1 recent sales
Price per Sq.Ft
N/A
No price per sq.ft data available
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 0 State Route 187, London, OH 43140 | $155,000 | N/A | N/A | N/A | N/A | 8/28/2024 |
0 State Route 187, London, OH 43140
Price: $155,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/28/2024
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