10
See all 10 photos
$94,000
Est. payment /mo
0.38 Acres Lot
Active
1245 Riverwoods Dr Akron, OH 44313
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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 $350/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 Merriman Woods - 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 leaves, 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
Interior
Fireplace No
Exterior
Parking Features None
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 Merriman Woods
HOA Fee Include Common Area Maintenance
Tax ID 6761065
Special Listing Condition Standard
Listed by James Dawson • High Point Real Estate Group • james@highpointreg.com, 330-354-8635
NEARBY SCHOOL & BUSINESS
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