Northeast Ohio
Real Estate
September 1. 2023
Happy Friday!
Hope you are doing well and had a great week!

It's hard to believe it's already September. Thank you for checking out this email and for your continued referrals. If you have any questions, please don't hesitate to reach out.
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Cleveland Reveals its Future Lakefront
A preliminary design for downtown lakefront improvements was unveiled last week by the city and its consulting team at the Great Lakes Science Center to advance the project development process. The process would then move into final design, fundraising and environmental permitting so construction could begin possibly in the next two years. But there are some notable differences in the city’s lakefront vision when compared to one commissioned and released two years ago by the owners of the Cleveland Browns football team, The Haslam Group.

The two most significant infrastructure pieces to the city’s lakefront vision is the North Coast Connector and conversion of the Shoreway highway into a boulevard with intersections. The connector is a $200+ million land bridge to link downtown’s landscaped malls with the water’s edge of Lake Erie, dubbed the “Core To The Shore” by Mayor Justin Bibb.

Another big infrastructure piece of the city’s lakefront vision is converting the Shoreway from a grade-separated highway to a boulevard with intersections, including ones at West 3rd Street, East 9th Street and possibly a new one at an extended East 18th Street. The latter is intended to divert traffic to/from the East that currently exits at East 9th and to promote more development at the northeast corner of downtown. There are no publicly available cost estimates yet for the Shoreway conversion.

FULL STORY---> HERE
What's happening with mortgage rates?
My take on rates being where they are, is that it's not necessarily slowing down the market. I'm still seeing most move in ready and appropriately priced homes go into multiple offers and usually for above the asking price. There are still people who need to buy and who need to sell, regardless of what the current interest rate may be. I let my buyers know that, depending on your circumstance, you always have the option to refinance when rates do go down, which they will eventually. Also, there are programs available with lower interest rates, and I'd be happy to chat with you about that. I have many lending partners who can assist and give you some great options.
LISTING OF THE WEEK
7430 Royal Portrush Dr,
Solon, OH 44139

Beyond thrilled for my buyer clients who had their offer accepted for an absolutely spectacular new home in Signature of Solon!

This stately first floor master transitional style home is light and bright with an open floor plan. The heart of the home is the great room with custom fireplace, open dining room and gorgeous center island kitchen with walk in pantry. All the appointments expected and then some will be executed throughout the home. The owners suite is incredible space offering volume ceilings, spacious bedroom, an elegant bath with oversized tile shower and a walk in closet that is sure to be the envy of your friends. There is a nicely detailed office and an incredible mud room featuring a closet, built-in shelves and lockers for the family, and a separate laundry room with sink and built-in cabinets. There are two bedrooms that share a bath and a bedroom with its own private bath on the second floor. All bedrooms have walk in closets.

With ideal timing, my clients will be able to pick their finishes and close first quarter of 2024. Congratulations!

Click here for the ---> LISTING LINK
Pat Barmann
216.990.5719