100% Tax Abated Home in Weinland Park Sells for just under $1 Million
Weinland Park, known for its evolving real estate landscape, recently witnessed a significant milestone as the highest-priced home ever listed in the area found its new owner.
Although the sale is pending official recording on the Franklin County Auditor's site, seller Davide Cugini confirms that the deal closed at the full list price. Initially listed in August at $965,000, Cugini, a seasoned Realtor and real estate attorney, noted that based on MLS records, this marked the highest price tag ever seen for a home in the neighborhood.
Built in 2020 by Cugini and his wife Kara, the property sits on a lot purchased via a sheriff's sale in 2018, replacing an abandoned two-car garage. The meticulously designed home on 5th Street boasts desirable features including a private fenced-in brick patio, premium quartz and granite countertops, bespoke Amish cabinetry, and sleek engineered hardwood floors. The master bedroom offers an inviting retreat with its vaulted ceiling, ensuite bathroom, and custom closet. Comprising four bedrooms and five bathrooms, the property also includes a charming one-bed, one-bathroom, 625-square-foot carriage house above the garage.
One notable perk of this residence is its 100% tax abatement status, which remains in effect until 2035, adding to its allure for prospective buyers.
Reflecting on the broader real estate landscape, Weinland Park has undergone significant transformation in recent decades. Since 2002, the median home sale price in the 43201 ZIP code, encompassing Weinland Park and Italian Village, has surged by an impressive 200%.
While attempts to reach the new homeowner for comment were unsuccessful, the sale of this remarkable property underscores the evolving appeal and value of real estate in Central Ohio's Weinland Park neighborhood.
Source: Biz Journals Columbus
Photo: Aaron Cropper/Buckeye Sky Media