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    32743 Water St Richwood, OH 43344

    For Sale
    Contact for pricing

    0.27-Acre Residential Lot in Richwood, OH

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11,761.2 square foot residential lot presents a remarkable investment opportunity in the desirable town of Richwood, Ohio. Zoned R-2, this 0.27-acre parcel is ideally suited for discerning home builders or savvy real estate investors seeking a prime location. Situated in a tranquil setting, yet conveniently close to the vibrant downtown area of Richwood and the serene Richwood Lake Beach (both under 10 minutes away), this property offers the best of both worlds: peaceful county living with easy access to city amenities. The location provides a unique blend of suburban tranquility and convenient proximity to the bustling capital city of Columbus, Ohio, located approximately one hour away. This presents an unparalleled chance to build a dream home or develop a lucrative residential project. The asking price is $14,900, and the buyer is responsible for all closing costs. The property is located at 32743 Water Street, Richwood, OH 43344, in Union County. This is a rare opportunity to acquire a well-situated lot in a thriving community. Don't miss out on this chance to secure a piece of Richwood's desirable real estate market. Act quickly, as properties like this are in high demand.

    Property Features for 32743 Water St

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richwood
    County
    Union
    State
    Ohio
    Longitude
    -83.316323
    Latitude
    40.4817589

    Nearby Comparable

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      1.8 acre building site with barn near Marysville.
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      Richwood, OH Farmland Opportunity

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    FAQs

    What type of property is this?
    Land - 0.27-Acre Residential Lot in Richwood, OH
    Where is this land located?
    The property is located at 32743 Water St Richwood, OH.
    What is the asking price?
    The asking price for this property is $14,900.
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    32743 Water St Richwood, OH 43344
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    Richwood, OH 43344
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32743 Water St Richwood, OH 43344
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