$350,000
SOLD AUG 23, 2019

1498 W Spring Valley Paintersville Rd Spring Valley, OH 45370

-- Bed
-- Bath
16,735 Sq Ft
3.09 Acres

Recently Sold

$21 Per Sq Ft

20% Below List Price

52 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • Coin Laundry

About This Home

As of November 2020

Proud to present the Spring Valley Schoolhouse Apartments. The property consists of 16 Units with a mix of [12] 1BA/1BR and [4] studio apartments. The landlord pays all utilities for the tenants. Property has on-site laundry. There is opportunity to raise rents, add utility reimbursement, and convert to Senior Living Community.

Last Agent to Sell the Property

Tryfon Christoforou

3CRE Residential Advisors, LLC License #2021003683 Listed on: 04/23/2019

3CRE Residential Advisors, LLC

Co-Listed By

Brian Coyle

3CRE Advisors, LLC License #2018002440

Last Buyer's Agent

Tryfon Christoforou

3CRE Residential Advisors, LLC License #2021003683 Listed on: 04/23/2019

3CRE Residential Advisors, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1953

Parking

  • 45 Open Parking Spaces
  • 45 Car Garage

Home Design

  • Brick Exterior Construction
  • Membrane Roofing

Interior Spaces

  • 16,735 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic Tank
  • Cable TV Available

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $3,890
  • Maintenance Expense $5,200
  • Other Expense $8,837
  • Water Sewer Expense $6,614
  • Gross Income $95,296
  • Net Operating Income $40,151

Property Details

Home Type

Condominium

Year Built

Built in 1953

Lot Details

0

Parking

45

Listing Details

  • Suburb: Greene Co.
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry, Cable TV
  • Cooling: Central Air
  • Heating: Gas, Electric
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Greene Co.
  • Annual Assessment Amount: Of Record
  • Price Per Acre: 113268.61
  • Year Built: 1953
  • Appliance Include: Stove, Refrigerator
  • Separate Air Condi: No
  • Separate Gas Elect: No
  • School 1 Type: District Phone
  • Directions: Take I-71 N to Exit 28, merge onto OH-48 N. Continue onto OH-48 BYP W. Turn [R] onto US-42 N. Turn [R] onto W Spring Valley Paintersville Rd.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 16
  • Property Subtype 1: Apartment
  • Street Direction: W
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 40151.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 16176
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • School Name1: Call SD 937-376-2961
  • Semi Annual Taxes: Of Record
  • Waste Removal: 2160
  • Water Paid: Owner
  • Basement: Full
  • Levels: One
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 16735.00
  • Windows: Insulated, Vinyl
  • One Bedroom Rent: 540.00
  • One Bedroom Number of Units: 12

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 440000.00
  • Acres: 3.0900
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 45.00
  • Parking Spaces: 45
  • Parking: Lot

Utilities

  • Gas: Natural
  • Sewer: Septic Tank
  • Water Source: Public
  • Water and Sewer: 6614

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 5200.00

Fee Information

  • Taxes: 12268

Schools

  • District: Xenia City SD

Lot Info

  • Lot Dimensions: Of Record
  • Lot Size Sq Ft: 134600.00

Multi Family

  • Efficiency Rent: 415.00
  • Efficiency Units: 4
  • Gross Income: 95296.00
  • Other Expense: 8837
  • Total Buildings: 2
  • Insurance: 3890.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Off Market $615,000 -- --
11/17/2020 11/17/20 Sold $615,000 -12.1% $37 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
07/26/2020 07/26/20 For Sale $700,000 +100.0% $42 / Sq Ft
11/26/2019 11/26/19 Off Market $350,000 -- --
08/23/2019 08/23/19 Sold $350,000 -20.5% $21 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
05/12/2019 05/12/19 For Sale $440,000 0.0% $26 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $440,000 -- $26 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brian Coyle

    3CRE Advisors, LLC

  • Tryfon Christoforou

    Seller Co-Listing Agent in 2020

    Tryfon Christoforou

    3CRE Residential Advisors, LLC

    (513) 600-6168

    43 Total Sales

    Tryfon Christoforou
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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1619041

MLS of Greater Cincinnati (CincyMLS)

Ohio Greene County Spring Valley 45370

1498 W Spring Valley Paintersville Rd, Spring Valley, OH

This home is located at 1498 W Spring Valley Paintersville Rd, Spring Valley, OH 45370 and is currently priced at $350,000, approximately $20 per square foot. This property was built in 1953. 1498 W Spring Valley Paintersville Rd is a home located in Greene County with nearby schools including Xenia High School.

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