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5055 State Route 60, Wakeman, OH, 44889

7beds
5baths
2,536sqft
$1,466,667
$578price/sqft
$9,712/moest. monthly cost
$388,480/yrincome needed

About This Home

Online Foreclosure Auction with bidding ending on Wednesday, September 2nd at NOON. See OhioSheriffSales dotcom for full details and to bid online. Bidding starts at $1,466,667. An extraordinary 77-acre private estate featuring two exceptional custom homes built in 2003 and 2005, with nearly one mile of frontage along the scenic Vermilion River. This truly one-of-a-kind property offers breathtaking natural beauty, complete privacy, and endless possibilities. A gated entrance with a charming guard house and artist's loft welcomes you to the estate, where a picturesque pond leads to the stunning main residence and separate guest home. The impressive two-story main home showcases an open-concept floor plan, a luxurious owner's suite, and an attached five-car garage that was thoughtfully designed to be easily converted into additional living or entertaining space. The guest residence is equally remarkable, offering convenient single-level living with a full kitchen, spacious living suite, large bedroom, indoor swimming pool, fitness room, and two additional full bathrooms-ideal for extended family, guests, or a private retreat. The land is simply spectacular. Towering mature trees, extensive wooded areas, gently rolling hills, open meadows, productive tillable acreage, and meticulously landscaped grounds create an unforgettable setting. Adding to the property's unique appeal is an approximately 800-square-foot, climate-controlled luxury dog house featuring vaulted ceilings, HVAC, and two secure outdoor fenced exercise pens-a true canine dream home. Whether envisioned as a prestigious equestrian estate, working farm, family compound, corporate or wellness retreat, luxury event venue, or future development opportunity, this remarkable property offers limitless potential. Rarely does an estate combine this level of privacy, natural beauty, thoughtful design, and versatility in one extraordinary offering.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

6/10
6/10

Construction

Condition

  • Year built: 2003

Type & Style

  • Home type: SingleFamily
  • Architectural style: Compound
  • Property subType: Farm

Interior

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Features

  • Finished area above ground: 2,536

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 2,536
  • Total interior livable area: 2,536 sqft

Property

Details

  • Parcel number: 490030010190200/0100/0220000
  • Lease amount: 0
  • Special condition: Auction,In Foreclosure

Features

  • Stories: 1
  • Pool features: Indoor
  • Has view: Yes
  • View description: Farm,Pond,Private,Scenic,Wooded
  • Has water view: Yes
  • Water view: Pond

Lot

  • Lot size: 77.67 Acres
  • Features: Room For Tennis,Trees

Parking

  • Total spaces: 5
  • Parking features: Driveway,Attached
  • Has garage: Yes
  • Attached garage spaces: 5
  • Covered spaces: 5
  • Has uncovered spaces: Yes

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

  • Lightning
    LightningVery High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

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

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 $7,416$88,992
Home Insurance *$759$9,108
Property Taxes $1,266$15,192
Electricity $271$3,263
Total$9,712$116,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$332,982/yr
40% on housing$291,360/yr
45% on housing$258,986/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: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$578This listing

vs Other Active Listings

Avg $/sqft

ZIP 44889$143
Huron County$128

vs Homes Sold Last Month

Median $/sqft

ZIP 44889$198
Huron County$116

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)

Price History

No price history available

Unknown Listed By

AgentBarry Baker
BrokerageOhio Real Estate Auctions

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