NOT LISTED FOR SALE

16 Clay St Cincinnati, OH 45217

Estimated Value: $201,000 - $271,000

4 Beds
2 Baths
1,943 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 22, 2017

Last sale price $135,000 $69 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,498/month

21 Days on Market

Highlights

  • 4 Car Detached Garage
  • Coin Laundry
  • 2-minute walk to Ross Park
  • Hot Water Heating System

About This Home

As of May 2017

Great investment opportunity for fully rented 4 family! (1) 2 BR/1 BA and (3) 1 BR/1 BA units with coin laundry, garage and lot parking! Very clean and well maintained. To be sold with 18 Gahl Terrace.

Last Agent to Sell the Property

Steve Sylvester

Comey & Shepherd License #0000262220 Listed on: 03/28/2017

Comey & Shepherd

Co-Listed By

Micha Gleisinger

Comey & Shepherd License #2009004427

Last Buyer's Agent

Gerri Harbison

Huff Realty License #0000324366

Huff Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,872

Year Built

  • Built in 1942

Lot Details

  • 6,708 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • 4 Open Parking Spaces
  • Rear-Facing Garage
  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $1,700
  • Other Expense $500
  • Gross Income $24,360
  • Net Operating Income $14,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,872

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Suburb: Reading
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 232.10
  • Cooling: Window Unit
  • Heating: Hot Water
  • Lot Area Realist: 6708.00
  • Suburb S I C: Reading
  • Price Per Acre: 876623.38
  • Year Built: 1942
  • Appliance Include: 4 Stove/Range,4 Refrig,8 WindwUnits,1W&D
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Reading Road to Gahl Terrace
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: Tenant Right
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 14425.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 3885
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • School Name1: Call SD 513-554-1800
  • Semi Annual Taxes: 1935.97
  • Waste Removal: 420
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Vinyl
  • One Bedroom Rent: 478.00
  • One Bedroom Number of Units: 3
  • Two Bedroom Rent: 595.00
  • Two Bedroom Units: 1

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 154900.00
  • Acres: 0.1540
  • New Construction: No

Garage/Parking

  • Garage: Detached, Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Lot, Garage

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 3930

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Dimensions: 50 x 138 Irr
  • Lot Size Sq Ft: 6708.00

Multi Family

  • Gross Income: 24360.00
  • Other Expense: 500
  • Total Buildings: 1
  • Insurance: 1700.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2009
Sold by
Wood Kimberly R
Bought by
Hacker Jorell A
Current Estimated Value
$240,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,689
Outstanding Balance
$56,953
Interest Rate
5.28%
Mortgage Type
FHA
Estimated Equity
$183,783
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hacker Jorell A $88,290 Imperial Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hacker Jorell A $86,689
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2017 08/22/17 Off Market $135,000 -- --
05/22/2017 05/22/17 Sold $135,000 -12.8% $69 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $154,900 0.0% $80 / Sq Ft
04/12/2017 04/12/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $154,900 -- $80 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $3,301 $53,733 $10,161 $43,572
2022 $2,599 $32,855 $7,924 $24,931
2021 $2,532 $32,855 $7,924 $24,931
2020 $2,508 $32,855 $7,924 $24,931
2019 $2,330 $28,081 $6,773 $21,308
2018 $2,367 $28,081 $6,773 $21,308
2017 $2,191 $28,081 $6,773 $21,308
2016 $2,288 $29,358 $7,980 $21,378
2015 $2,153 $29,358 $7,980 $21,378
2014 $2,152 $29,358 $7,980 $21,378
2013 $2,203 $30,902 $8,400 $22,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1530939

MLS of Greater Cincinnati (CincyMLS)

APN: 582-0005-0083