Rare opportunity to own a proposed approximately 2-acre residential parcel in highly desirable Olmsted Township! Tucked behind the existing residence, this beautiful property offers a peaceful, private setting with a picturesque blend of mature woods and partially cleared land—an ideal location to build your custom dream home. Enjoy the serenity of country living while remaining just minutes from shopping, dining, parks, and major highways. Competitively priced to reflect the buyer's responsibility for completing the proposed parcel split, this property presents an exceptional opportunity to create a private retreat while building equity through the development process. Seller intends to retain approximately 0.8 acres with the existing residence and is willing to provide access to the proposed parcel through a shared driveway and/or recorded ingress/egress easement, subject to final survey and applicable approvals. Buyer, at Buyer's expense, shall be responsible for obtaining a survey, completing all due diligence, and securing any approvals necessary to create the proposed parcel. Sale is subject to the successful completion of the parcel split.
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Around this home
Schools
K - 12
Preschool & daycare
Olmsted Falls Intermediate Building
Public 4-5 • Assigned • 1.5mi
8/10
Olmsted Falls Middle School
Public 6-8 • Assigned • 1.4mi
6/10
Olmsted Falls High School
Public 9-12 • Assigned • 1.7mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Wooded vegetation on the property
Exterior features
Wooded lot
2-acre lot
Parking
Driveway
Construction
Lot size source listed as owner
Utilities
Public water
Septic tank sewer
Sale and tax history for 27264 Sprague Rd
Sale History
Tax History
Date
Event
Price
MLSNOW #5231056
Jul 29, 2026
Listed
$140,000
Public Records
Jun 17, 2003
Sold
$693,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,507 (−1.1%)
$25,380 + $45,330
$70,710
2024
$4,558 (−11.5%)
$25,380 + $45,330
$70,710
2023
$5,153 (+17.0%)
$21,000 + $36,090
$57,090
2022
$4,404 (+1.0%)
$21,000 + $36,090
$57,090
2021
$4,362 (+8.9%)
$21,000 + $36,090
$57,090
2020
$4,006 (+10.3%)
$17,640 + $30,310
$47,950
2019
$3,630 (+4.7%)
$17,640 + $30,310
$47,950
2018
$3,468 (−20.5%)
$17,640 + $30,310
$47,950
2017
$4,360 (+0.5%)
$14,740 + $40,500
$55,240
2016
$4,338 (+5.8%)
$14,740 + $40,500
$55,240
2015
$4,102 (−1.5%)
$14,740 + $40,500
$55,240
2014
$4,164
$14,740 + $40,500
$55,240
Public record
Public record
Zoning
Beds
4
Baths
1
Stories
2
Lot width
214 ft.
Lot depth
400 ft.
Lot size
2.83 Acres
Year renovated
1962
Finished Sq. Ft.
2,010
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,010
Year built
1894
Style
Single Family Residential
County
Cuyahoga County
APN
26521003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 2026.
R-40
Single Family Residential District
Single-Family Residential Districts (R-R, R-40, R-30 and R-15) and their regulations are established in order to achieve, among others, the following purposes: (a) To regulate the bulk and location of single-family dwellings to obtain proper privacy and useable open spaces on each lot appropriate for the various districts;; (b) To regulate the density and distribution of population in accordance with the Comprehensive Plan, officially adopted by the Township Trustees, to avoid congestion and to provide adequate public services.; (c) To provide for proper location of institutions and other community facilities so as to increase the general convenience,safety and amenities (D) To carry out the following specific purposes.; (1) The R-R District is established to provide for single-family residential uses with a minimum lot size of two acres in order to preserve open space and conserve the existing environmental and natural features in a manner that is consistent with the low-density and agricultural characteristics of the area.; (2) The R-40 District is established to provide for single-family residential uses with a minimum lot size of 40000 square feet. (3) The R-30 District is established to provide for single-family residential uses with a minimum lot size of 30000 square feet primarily fronting on major streets.; (4) The R-15 District is established to provide for single-family residential uses in a standard subdivision with a minimum lot size of 15000 square feet.; (e) To promote the most desirable and beneficial use of the land in conformity with the Comprehensive Plan.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 97° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Olmsted Twp, OH • 44138
Average low and high temperatures (°F)
29
17
36
22
55
35
63
44
67
51
80
62
85
67
79
61
77
54
65
47
51
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Olmsted Twp. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 27264 Sprague Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $279,900 and $400,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $280K to $400K.