The 2,340-square-foot house was built in 1875 in the neighborhood of Chagrin Falls South.
Trate is vice president of sales and marketing at Brush Wellman, a Mayfield Heights, Ohio-based supplier of high-performance copper, nickel and beryllium alloys.
He previously was business manager at Carpenter Technology from 2003 to 2006.
He received a business degree from the University of Michigan in 1978.
According to BlockShopper.com, there were 75 home sales in Chagrin Falls in 2008, with a median sales price of $257,000.
Address: 114 East Washington Street
Buyer(s): Richard L Trate
Seller(s): Cindy E Stephenson and Robert A Stephenson
Sale date: Oct. 8, 2009