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150 E Main St, Ashland, OH, 44838

5beds
7baths
7,051sqft
$999,000
$142price/sqft
$7,547/moest. monthly cost
$301,880/yrincome needed

About This Home

The Vermillion Institute is a grand landmark with a rich history. When built in 1845, it was the largest building in the county and housed a college, predecessor to the College of Wooster. This National Register-listed property was later the local high school and sat empty for years until rescued and completely rebuilt to modern codes about 10 years ago under supervision of the National Park Service. It educated future U. S. Senators, Congressmen, industrialists and people who went on to found other colleges. The building is notable for its solid brick walls, 10 ½ foot ceilings, 72 large windows and fine Greek Revival styling. It has solid cherry woodwork, white oak floors and a grand staircase rising four levels. Its ground floor once was the school chapel and is a large open space perfect for meetings and gatherings, opening onto a broad private patio and indoor garden room with pond and plants. This space has a serving kitchenette. The second or main floor has a grand open kitchen, dining and living area 50 feet long. Its dining room has beautiful historic wallpaper plus there is a bedroom with private bath on this level. The third floor has a two-story grand library with fireplace and plenty of bookshelves. Three bedroom suites, each with private bath, are on this floor. One is used as an upstairs living room and has a wood-burning fireplace. There are two outdoor terraces at this level. The fourth floor has another living room with kitchenette and a very spacious bedroom suite. The fifth floor is a grand office with fine views in all directions. The rehabilitation involved gutting down to the four outside walls and carefully rebuilding the floors and roof to modern standards with plans by a professional engineer. It has all-new plumbing, electrical and modern zoned HVAC systems. Its foundation was underpinned and perimeter drainage system installed. Brick walls were completely repointed. This 7,000+ sq. ft. home is an absolute masterpiece.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
6/10
Hillsdale High SchoolGrades 8-122.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1845

Materials

  • Roof: Asphalt
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Second

Bedroom

  • Level: Third

Bedroom

  • Level: Third

Bedroom

  • Level: Third

Bedroom

  • Level: Fourth

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Den

  • Level: Third

Dining Room

  • Level: Second

Eat In Kitchen

  • Level: Second

Features

  • Number of fireplaces: 6
  • Fireplace: Yes
  • Finished area above ground: 7,051

Great Room

  • Level: First

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,051
  • Total interior livable area: 7,051 sqft

Kitchen

  • Level: First

Kitchen

  • Level: Second

Library

  • Level: Third

Living Room

  • Level: Second

Living Room

  • Level: Fourth

Sunroom

  • Level: First

Property

Details

  • Parcel number: O420040000100

Features

  • Levels: Three Or More

Lot

  • Lot size: 1.02 Acres

Parking

  • Total spaces: 4
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Inland Flooding
Strong Wind
Winter Weather
Cold Wave
Ice Storm
Lightning
Tornado

FEMA Declared Disasters Across Ohio Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,051$60,612
Home Insurance *$1,025$12,300
Property Taxes $715$8,580
Electricity $756$9,074
Total$7,547$90,564
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$258,754/yr
40% on housing$226,410/yr
45% on housing$201,253/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$142This listing

vs Other Active Listings

Avg $/sqft

ZIP 44838$135
Ashland County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 44838$60
Ashland County$159

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-12Listed for sale$999,000
2011-11-09Sold$20,000

For Sale by Agent

AgentTony E DiBenedetto
BrokerageRE/MAX Real Estate Group

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