The John V. Oblak Power Transfer Station is For Sale

I do not plan on putting up my listings here on my blog; but this is such a unique property, I wanted to feature it. In 1924 the trolley cars were running strong in Cleveland, and this building was one of the power transfer stations scattered around the City, helping to keep the trolleys running.

I love the fact that the re use of this building has been for a bronze sculptor and his crew. Ron Dewey is a sought after bronze artist who has life-size and larger than life sized pieces around the country. Here in Cleveland, he is the creator of the bronze ball player at Jacobs Field, and was commissioned to do bronze statues of Ben Sefanski and his wife (on the corporate headquarters property for Third Federal Savings and Loan). It's a bustling workplace, also used as a living space by one of Ron's workers. I guess the time has come for him to consolidate two work studios into one....and this is the smaller of the two. So it's for sale! There is even a 15 ton crane inside the building that adds spectacular architectural detail you don't always find. Anyway, I am enclosing a link here so you can view more information about this brick beauty of a building. Peace Out - 3C

(photo taken by Carole Cohen 2007©)

How are Cuyahoga County Condo Sales? Part One: Tremont, Ohio City and Cleveland's Near West Side

I was cruising around on my favorite Ohio Forum, and I saw a thread talking about condos and the housing market. Someone asked how condos and homes were appreciating in price. I realized I wanted to focus on condos and find out for myself. So this is the first leg of my search, comparing condominium sales in 2005 to 2006 for the Near West Side, which includes Tremont and Ohio City. There are quite a few condo complexes to choose from in this part of Cleveland. So let's get started.

2005 : 95 Condos Sold. Sale prices were all over the map: $14,000 to $499,900. How long did it take for these condos to sell? An average of 212 days. The Average Ask Price was $242,338 and the Average Sale Price was $238,836. On average, the condos that sold in 2005 had 1444 Sq. Ft., 2 BRs, 2 baths and a one car garage. Next?

2006: 52 Condos Sold. Again, sales prices were all over the map: $25,325 to $459,740. How long did it take for these condos to sell? An average of 151 days (fewer sold, but the ones that did were on the market for a shorter time). The Average Ask Price was $213,663. The Average Sale Price was $213,515. Your eyes are not deceiving you, that is just barely $100 difference between the average price the sellers wanted and the price the buyers paid. On average, the condos that sold had 1374 Sq. Ft., 2BRs, 2 baths and a two car garage.

***The average price per square foot in 2005 was $178/Sq. Ft. And in 2006, $156/Sq. Ft.

Want to buy a condo in this area? There are 120 for sale right now. Peace Out - 3C

(photo courtesy of OhioCity.com website)

Here's Luther Vandross Serenading A House Is Not A Home