




31 Fairfield Rd, Painesville, OH, 44077
About This Home
New Price ~ Opportunity knocks ~Charming Cape Cod/Craftsman~ rich in character, history, and opportunity~ Situated on a rare parcel of over 2 acres, this handsome property offers privacy, flexibility, and room to grow. Extensive parking and wraparound drives on both sides and behind the home create convenience rarely found. Numerous outbuildings are already in place and offer tremendous potential for the next owner. While they would benefit from restoration, updates, or reimagining, they provide a rare opportunity to create your vision. Dramatic double doors welcome guests into the family room. The formal dining room is complemented by a separate serving area hidden behind doors, ideal for linens and entertaining essentials. The oversized living room features a fireplace and access to the screened porch. A custom library with built-ins offers flexibility as a home office, reading retreat, morning room, or breakfast nook. The updated kitchen opens to one of the home's standout features—a recreation/great room with beamed ceiling, oversized stone fireplace, rich wood paneling, and hidden Prohibition-style bar. Another nook with estate safe adds personality and storage. This home is suited for multi-generational living, extended family, long-term guests, or private teen quarters. In-law suite features two rooms, living area, full bath, and private staircase access. Five additional bedrooms provide room for everyone. Upstairs you'll find the primary suite with private bath, additional bedrooms, and a full bath separate from the in-law quarters. The lower level has been refreshed and offers additional usable space. Lovingly restored while preserving its original charm, **ask for the extensive update list including the new boiler system & matterport tour link** Still room for your finishing touches and vision. Rare. Flexible. Memorable. Properties offering acreage, character, multi-generational living, and future potential seldom become available.
Getting Around
Schools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1932
Materials
- Roof: Asphalt
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod,Colonial,Craftsman,Traditional
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Features
- Beamed Ceilings,Bookcases,Built-in Features,Cedar Closet(s),Chandelier,Entrance Foyer,Granite Counters,High Ceilings,In-Law Floorplan,Bar
- Number of fireplaces: 2
- Fireplace features: Den,Family Room,Gas,Glass Doors,Gas Log,Great Room,Stone
- Fireplace: Yes
- Finished area above ground: 4,293
Heating & Cooling
- Heating features: Gas,Radiator(s)
- Cooling features: Window Unit(s),Wall Unit(s)
Interior Area
- Total structure area: 4,293
- Total interior livable area: 4,293 sqft
Property
Details
- Parcel number: 11A012A020080
Features
- Levels: Two
- Stories: 2
- Patio & porch: Enclosed,Patio,Porch,Screened,Side Porch
Lot
- Lot size: 2.20 Acres
- Features: Flat,Level,Pie Shaped Lot
Parking
- Total spaces: 3
- Parking features: Additional Parking,Circular Driveway,Driveway,Detached,Garage,Oversized
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- Winter Weather
- Ice Storm
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,022 | $24,264 |
| Home Insurance * | $172 | $2,064 |
| Property Taxes | $500 | $6,000 |
| Electricity | $460 | $5,525 |
| Total | $3,154 | $37,848 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Price change | $400,000 |
| 2026-06-27 | Listed for sale | $450,000 |
| 2025-10-31 | Listing removed | $470,000 |
| 2025-09-22 | Price change | $470,000 |
| 2025-08-05 | Listed for sale | $499,000 |
| 2022-04-15 | Sold | $175,000 |
| 2022-04-04 | Pending sale | $200,000 |
| 2022-01-25 | Contingent | $200,000 |
| 2022-01-20 | Listed for sale | $200,000 |
| 2022-01-18 | Contingent | $200,000 |
| 2022-01-10 | Price change | $200,000 |
| 2021-09-09 | Price change | $299,900 |
| 2021-06-24 | Listed for sale | $335,000 |
For Sale by Agent
