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 Location
Solon is located in Cuyahoga County, about 25 miles southeast of Cleveland. It is nearby Interstates 480 and 271, and Routes 43 and 422. Air transportation is served by Cleveland Hopkins International Airport which is 20 miles, or 25 minutes away, or by either of the two smaller airports in the area: Cuyahoga County Airport which is 20 miles (or about 35 minutes) away, or Burke Lakefront Airport which is about 15 miles (or 20 minutes) away. It is a 45 minute ride on the light rail, served by Cleveland Regional Transit Authority, to the Public Square in Cleveland. History and Population
Solon was originally part of the Connecticut Western Reserve Territory. In 1820 the first settlers arrived, sea captain Jason Robbins and merchant Isaac "Samuel" Bull. They established their land on either side of what is now Aurora Road near Grantwood Golf Course. Along with three other families, they officially established the township of Solon in 1825. The name Solon was derived from the middle name of one of Isaac Bull's sons. The first school was established in Solon in 1822, with seven pupils. Solon officially became a city on December 5, 1960, following a large growth spurt. The population has consistently grown since then, from 11,147 in 1970, to 14,341 in 1980, to the current population of almost 23,000 covering an area of about 19.2 square miles. Education
Solon has an excellent school district, the Solon City School District, with a student/teacher ratio of 14-1. 99% of the seniors receive their high school diploma and over 90% go on to college. Higher Education in the area can be found at Case Western Reserve University; Cleveland State University; Cuyahoga Community College; David N. Myers College; John Carroll University; Kent State University; Lakeland Community College; Notre Dame College; and Ursuline College. Healthcare
Healthcare in the area is served by the Solon Medical Center. There are also numerous clinics and specialized healthcare facilities in the area. The many large hospitals, clinics, and other healthcare facilities of the greater Cleveland area are also easily accessible to Solon residents such as St Luke's Medical Center. Nearby cities also offer other medical facilities such as Meridia South Pointe Hospital in Warrensville Heights and the Meridia Hillcrest Hospital in Mayfield Heights.
Request our Free Cleveland, Ohio Relocation Package. It's packed full of useful and important information about Cleveland's Eastern Suburbs including Shaker Heights, Cleveland Heights, University Heights, Beachwood, Pepper Pike, Orange, Moreland Hills, Gates Mills, Mayfield Heights, Chagrin Falls, Hunting Valley, Solon, and other areas. Don't move here without it! Remember: We will send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about Cleveland including Shaker Heights, Pepper Pike, Solon and all surrounding areas! Ask us any question. Or request a FREE information package. There's no obligation, and We promise to get back to you quickly...
First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
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