NOT LISTED FOR SALE

250 E State Rd Cleves, OH 45002

Cleves Area
Studio
-- Bath
2,022 Sq Ft
1.59 Acre Lot

Sale Details

Date Sold: June 8, 2016

Last sale price $305,000 $151 Per Sq Ft

24 Days on Market

Highlights

  • 1.59 Acre Lot
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of June 2016

Offered by Court Appointed Receiver. Requesting highest & best bid by 3.11.16. 15 units, 12 two bed apartment building & 3 family building. Tenant pays gas & electric. 60% Occupied. Average condition w/ some deferred maintenance. Will benefit from proper management. Tenants are long term & want to stay. Income / Expense provided is pro-forma. AS-IS

Last Agent to Sell the Property

Kurt Polter

Prodigy Properties License #2004005101 Listed on: 02/26/2016

Co-Listed By

Jeff Lane

Prodigy Properties License #2001021921

Last Buyer's Agent

Patrick Cagney

Coldwell Banker Realty License #2004015334

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,414

Lot Details

  • 1.59

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Membrane Roofing

Interior Spaces

  • 2,022 Sq Ft Home
  • 3-Story Property
  • Partial Basement

Parking

  • 28 Open Parking Spaces
  • Parking Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $2,500
  • Maintenance Expense $12,500
  • Other Expense $4,500
  • Water Sewer Expense $5,000
  • Gross Income $100,000
  • Net Operating Income $49,100

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,414

Lot Details

1.59 Acres

Listing Details

  • Suburb: Cleves
  • Cross Street: US 50
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Tax Rate: Of Record
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 204.01
  • Cooling: Window Unit, Wall Unit
  • Heating: Gas, Forced Air
  • Lot Area Realist: 69217.00
  • Suburb S I C: Cleves
  • Price Per Acre: 191944.62
  • Appliance Include: Yes
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: I-74 West to State Route 128 South to US-50 East to E State Rd
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 15
  • Property Subtype 1: Apartment
  • Street Direction: E
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Second Floor Area: 510
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 49100.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Vacancy: 5000
  • Year Built Exception: Unknown
  • Gasand Electric: 8000
  • Heat Paid: Tenant
  • Lease Information: Month to Month
  • Other Features: Wooded Lot
  • Reciprocal Listing: No
  • School Name1: Call SD 513-941-6400
  • Semi Annual Taxes: $6207
  • Waste Removal: 1000
  • Water Paid: Owner
  • Basement: Partial
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2022.00
  • Windows: Aluminum
  • One Bedroom Rent: 410.00
  • One Bedroom Number of Units: 2
  • Two Bedroom Rent: 575.00
  • Two Bedroom Units: 13

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 280000.00
  • Acres: 1.5890
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 28
  • Parking: Lot

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 5000

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 12500.00

Fee Information

  • Taxes: 12400

Schools

  • District: Three Rivers Local S

Lot Info

  • Lot Dimensions: 1.589 Acres
  • Lot Size Sq Ft: 69217.00

Multi Family

  • Gross Income: 100000.00
  • Other Expense: 4500
  • Total Buildings: 2
  • Insurance: 2500.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2016
Closed on
Jun 7, 2016
Sold by
Bought by
Seller's Agent
Kurt Polter
Prodigy Properties
Buyer's Agent
Patrick Cagney
Coldwell Banker Realty
List Price
$280,000
Sold Price
$305,000
Premium/Discount to List
$25,000
8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
0.0361%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
0.0664%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$305,000 --
$531,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $620,000
Closed $252,000
Previous Owner $450,000
Previous Owner $408,000
Previous Owner $53,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/19/2025 04/19/25 Off Market -- -- --
02/28/2025 02/28/25 Price Changed $975 -99.7% $1 / Sq Ft
02/27/2025 02/27/25 For Rent -- -- --
09/15/2016 09/15/16 Off Market $305,000 -- --
06/08/2016 06/08/16 Sold $305,000 +8.9% $151 / Sq Ft
03/21/2016 03/21/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $280,000 -- $138 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $13,881 $185,962 $20,160 $165,802
2023 $12,803 $185,962 $20,160 $165,802
2022 $8,764 $113,155 $19,544 $93,611
2021 $8,588 $113,155 $19,544 $93,611
2020 $8,990 $113,155 $19,544 $93,611
2019 $9,185 $106,750 $18,438 $88,312
2018 $8,888 $106,750 $18,438 $88,312
2017 $8,606 $106,750 $18,438 $88,312
2016 $8,318 $106,750 $17,850 $88,900
2015 $15,804 $158,200 $17,850 $140,350
2014 $18,291 $158,200 $17,850 $140,350
2013 $13,265 $171,959 $19,404 $152,555
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1483016

MLS of Greater Cincinnati (CincyMLS)
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