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$94,000

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0.38 Acres Lot

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1245 Riverwoods Dr Akron, OH 44313

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Trisha A Mamula

tmamula@frontier.com +1(740) 359-2730

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Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5194466

HOA Fees $395/ann

HOA Y/N Yes

Annual Tax Amount $2,624

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Residential

Property Description

Rare opportunity to buy the only vacant lot available to build in prestigious Riverwoods neighborhood - one of Akron's best neighborhoods filled with high end homes, located in an ideal area close to Sand Run Metro Parks and Merriman Valley. This corner lot features a drop in elevation towards the back of the parcel - creating opportunity to enjoy breath taking protected views of dropping elevation that will never be built on. Ideal set up for a walk out basement. This neighborhood is filled with homes selling north of $600,000, a great walking neighborhood with sidewalks and natural beauty. This neighborhood has direct access to a easement to enter onto the Tow Path without driving - imagine an evening walk, jog, or bike ride where you can walk down the street and jump right on the tow path and enjoy. Close to all of the amazing Metro Parks, this lot is fully improved with water and sewer laterals already run into the lot. The small HOA fee covers entrance and shared space maintenance. The current owner has already completed a full topographic survey that transfers and had a gorgeous custom house design built specifically for the lot that can be included with the sale if desired. Seller's moving plans changed, otherwise this lot is prime for a dream home which is located in Akron's 15 year, 100% Tax Abatement - meaning once you build you will pay property tax on land value only for 15 years - not the improved house value! That savings could amount to over 100,000 over 15 years, and the abatement is fully transferable - essentially paying for the lot itself. This .38 acre parcel is priced just under the appraised value by the city and creates an ideal opportunity for a dream home to be designed with captivating views in a prestigious neighborhood and location, with incredible long term tax savings. Bring your own builder or let me introduce you to one - call for more details! Listing agent related to seller.

Location

State OH

County Summit

Community Curbs, Gutter(S), Storm Drain(S), Sidewalks

Interior

Fireplace No

Exterior

Exterior Feature Underground Utilities

Parking Features None

Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Building

Lot Description Cleared, Corner Lot, Sloped Down, Gentle Sloping

Sewer Public Sewer

Water Public

Schools

School District Akron Csd - 7701

Others

HOA Name Riverwoods

HOA Fee Include Common Area Maintenance

Tax ID 6761065

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by James Dawson • High Point Real Estate Group • james@highpointreg.com, 330-354-8635

NEARBY SCHOOL & BUSINESS

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Trisha A Mamula

Agent | OH | License ID: C2009002533

+1(740) 359-2730

1245 Riverwoods Dr Akron, OH 44313

Trisha A Mamula

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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