Chagrin Falls & Moreland Hills Real Estate

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Chagrin Falls Real Estate & Homes for Sale in Ohio

The peaceful community of Chagrin Falls is located along a beautiful 2.1 square mile stretch of land in the northern part of the state, 18 miles southeast of Cleveland. Well-kept houses and charming specialty shops accent the tree-lined streets of this delightful small town. Chagrin Falls began as a manufacturing town, but over the years has successfully evolved into a prosperous modern residential community of more than 4,200 residents. People from around the country are drawn to Chagrin Falls. This richly historic village is bisected by the Chagrin River, whose falls gave the town its name in the mid-19th century. The nearby community of Moreland Hills is a 7.5-square-mile residential suburb located approximately 14 miles east of Cleveland. It is bounded on the north by Hunting Valley, on the south by Bentleyville, on the west by Orange and on the east by both Chagrin Falls and South Russell. Incorporated in 1929, Moreland Hills is one of seven communities that were formed from the original Orange Township. The town is now home to more than 3,500 residents and a number of restaurants, stores, recreational facilities, churches, service clubs, athletic fields, and riding trails. Moreland Hills is also the location of Hiram House Camp and Abram Garfield Farm Site Park -- the birthplace of James Abram Garfield, the 20th President of the United States. Both communities feature a wide variety of lovely homes, many of which are located on large, wooded lots of at least two acres.

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Price Range of Chagrin Falls Houses

The real estate offerings of Chagrin Falls, Moreland Hills, Hunting Valley, Bentleyville, South Russell and Orange consist of condominiums, townhouses and single-family detached homes. Condominiums and townhouses start in the mid- to high $100,000s in both Chagrin Falls and Moreland Hills and in the mid-$200,000s in Bentleyville, South Russell and Orange. Prices range up to $400,000 and more for larger newer constructions featuring amenities such as swimming pools, spas, garages and fireplaces. Single-family homes for sale in Chagrin Falls, Moreland Hills and South Russell start in the high $100,000s for three-bedroom homes with yards, patios, balconies, basements and garages. Many homes feature scenic views. Prices for comparable properties in Orange and Bentleyville start from the $200,000s, while homes for sale in Hunting Valley generally start around $600,000. Prices range up to $7 million and more for large estate properties with acreage. Landscaped yards boasting mature gardens, private swimming pools, spas, patios, balconies, exquisite architecture, multi-car garages, scenic hill and mountain views and other luxury amenities are available. Land and lots are also available for custom building.

Chagrin Falls Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $206,428 compared to $338,150 the previous week, showing a decrease of less than -64%.  For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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