NOT LISTED FOR SALE

2556 Observatory Ave Cincinnati, OH 45208

Estimated Value: $1,436,000 - $1,649,000

5 Beds
5.5 Baths
4,414 Sq Ft
$347/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $975,000 $221 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $10,475/month

33 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • 0.35 Acre Lot
  • Traditional Architecture
  • Walnut Hills High School Rated A+
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of December 2016

Excellence all around in this long established area of Hyde Park. Timeless elegance complemented with quality upgrades throughout. Gourmet kitchen, 5 bedrooms 5 full baths 2 laundry rooms picturesque landscaping. Simply Marvelous!

Last Agent to Sell the Property

Monika Deroussel

eXp Realty License #2006002985 Listed on: 10/14/2016

eXp Realty

Last Buyer's Agent

Maureen Pippin

Sibcy Cline, Inc. License #0000320966

Sibcy Cline, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,934

Year Built

  • Built in 1906

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100x150
  • Aluminum or Metal Fence

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Tile Roof

Interior Spaces

  • 4,414 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Ceiling height of 9 feet or more
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Hung Windows
  • Panel Doors
  • Family Room with Fireplace
  • 5 Fireplaces
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,934

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Suburb: Hyde Park
  • Degree Complete: Completed
  • Land Description: Less than .5 Acre
  • Broker Approved: Yes
  • Basement Sq Ft: 1741
  • Census Tract Realist: 50.00
  • Cooling: Central Air
  • Heating: Gas, Forced Air
  • Lot Area Realist: 15159.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Hyde Park
  • Price Per Acre: 2801724.14
  • Basement Features: Unfinished,Walkout
  • Bathroom 4: Full
  • Bathroom 4 Level: 3
  • Level 1 Bathroom Type: Partial
  • Level 1 Bathroom: Yes
  • Bedroom 5 Area: 128
  • Level 1 Bedroom: No
  • Dining Room Feat: Wood Floor,Fireplace
  • Entry Area: 182
  • Entry Foyer: Wood Floor,Transom/Sidelit
  • Family Room Feat: Wood Floor,Fireplace,Bookcases
  • Living Great Rm Area: 210
  • Living Great Rm Dim: 15 x 14
  • Living Great Rm Len: 15
  • Living Great Rm Wid: 14
  • Living Room Feat: Wood Floor
  • Single Family Desc: Single Family
  • Study Lib Den: 11x11 Level: 3
  • Study Lib Den Area: 121
  • Study Lib Den Dim: 11 x 11
  • Study Lib Den Len: 11
  • Year Built: 1906
  • School 1 Type: District Phone
  • Architecture: Traditional
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bedrooms: 5
  • Directions: I-71 Edwards Rd L Williams R EdwardsRd R Observatory
  • Lot Measurement: Acres
  • Status: Sold
  • Showing Start Date: 2016-10-14
  • Property Subtype 1: Single Family Residence
  • Occupancy: At Closing
  • Second Floor Area: 1751
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Multi Panel Doors, 9Ft + Ceiling, Natural Woodwork, French Doors
  • Bedroom 2: 15x14 Level: 2
  • Bedroom 3: 14x14 Level: 2
  • Bedroom 4: 21x9 Level: 3
  • Bedroom 5: 16x8 Level: 3
  • Dining Room: 17x15 Level: 1
  • Family Room: 18x14 Level: 1
  • Living Room: 15x14 Level: 1
  • Formal Dining Room: Yes
  • Flex Rooms: Solarium,Screened Porch,Loft
  • Property Type: Residential
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: 9966.92
  • Kitchen: 19x15 Level: 1
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Microwave, Dryer, Washer, Other
  • Kitchen Features: Marble/Granite/Slate,Eat-In,Gourmet,Wood Cabinets,Pantry,Island,Walkout,Fireplace
  • Bedroom 2 Area: 210
  • Basement: Full
  • Bedroom 3 Area: 196
  • Study Features: Wood Floor,Bookcases
  • Bedroom 4 Area: 189
  • Entry: 14x13 Level: 1
  • Bathrooms: 6.00
  • Kitchen Area: 285
  • Kitchen Dim: 19 x 15
  • Levels: Three
  • Zero Selling Price: No
  • Bathroom 1: Full
  • Level 1 Bath: 2
  • Bathroom 2: Full
  • Bathroom 2 Level: 2
  • Bathroom 3: Full
  • Bathroom 3 Level: 2
  • Diningroom Area: 255
  • Family Room Area: 252
  • Laundry Room: 3x3 Level: 2
  • Laundry Room Area: 9
  • Laundryroom Dim: 3 x 3
  • Recreation Room Dim: 0 x 0
  • Fireplace: Wood, Gas
  • Fireplaces: 5
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 4414.00
  • Total Rooms: 12
  • Windows: Wood, Double Hung
  • First Floor Family Room: Yes
  • PrimaryBedroomArea: 240
  • PrimaryBedroomDim: 16 x 15
  • PrimaryBedroomLen: 16
  • Primary Bathrooms: Shower,Tile Floor,Double Vanity
  • PrimaryBedFeat: Wood Floor,Bath Adjoins,Walk-in Closet,Dressing Area,Fireplace
  • P R I M A R Y B E D R O O M: 16x15 Level: 2

Exterior Features

  • Fencing: Metal
  • Roof: Tile
  • Construction: Brick
  • Outside Features: Enclosed Porch, Sprinklers
  • Foundation: Stone
  • Listing Price: 1000000.00
  • Acres: 0.3480
  • New Construction: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage Carport: Garage Detached,Rear
  • Parking: Driveway

Utilities

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

Condo/Co-op/Association

  • Fee Frequency: Other
  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: 100x150
  • Lot Size Sq Ft: 15159.00
  • Total Assessed Value: of record
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2023
Sold by
Borchers Meredith Schiff and Borchers John
Bought by
Schrand Jeff and Schrand Karri
Total Days on Market
33
Current Estimated Value
$1,531,122

Purchase Details

Listed on
Oct 14, 2016
Closed on
Nov 15, 2016
Sold by
Wunsch Eric J and Wunsch Sara G W
Bought by
Borchers Meredith Schiff
Seller's Agent
Monika Deroussel
eXp Realty
Buyer's Agent
Maureen Pippin
Sibcy Cline, Inc.
List Price
$1,000,000
Sold Price
$975,000
Premium/Discount to List
-$25,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%

Purchase Details

Listed on
Nov 24, 2014
Closed on
Jul 7, 2015
Sold by
Waters Anne Boat
Bought by
Wunsch Eric J and Wunsch Sara G W
Seller's Agent
Kathleen Prangley
Coldwell Banker Realty
Buyer's Agent
Victoria Hall
Coldwell Banker Realty, Anders
List Price
$982,000
Sold Price
$982,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.49%
Original Mortgage
$785,600
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2011
Sold by
Katison Dana L
Bought by
Huey Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,500
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 6, 2005
Sold by
Kadison Dana and Kadison Dana L
Bought by
Kadison Dana L and The Dana L Kadison Revocable Trust

Purchase Details

Closed on
Dec 17, 2003
Sold by
Kinsley Janet B
Bought by
Kadison Dana

Purchase Details

Closed on
Aug 30, 2003
Sold by
Krajewski Scott and Tovar Nunez Claudia
Bought by
Kinsley Janet B

Purchase Details

Closed on
May 30, 2001
Sold by
Smith Hickenlooper and Smith Virginia H
Bought by
Krajewski Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.16%
Mortgage Type
Unknown
Source: Public Records

Similar Homes in Cincinnati, OH

  • 1242 Rookwood Dr, Cincinnati, OH 45208

    $1,650,000

    • 4 Beds
    • 5 Baths
    • 4,424 Sq Ft
    • 1242 Rookwood Dr
    • Cincinnati, OH

    Sold/Pending!! Fabulous Rookwood Drive. This beautifully updated home combines timeless architecture with modern upgrades. Sunlight pours through expansive windows, illuminating stunning hardwood floors. An open-concept kitchen is designed for the discerning chef, featuring top-tier appliances, generous cabinetry, & seamless flow for entertaining. The spacious LR boasts a striking wall of

    Julie Back Sibcy Cline, Inc.

    Section Image
  • 3107 Walworth Ave, Cincinnati, OH 45226

    $1,600,000

    • 4 Beds
    • 5 Baths
    • 4,760 Sq Ft
    • 3107 Walworth Ave
    • Cincinnati, OH

    Welcome to 3107 Walworth Avenue. Architectural excellence meets luxury living in this custom-built masterpiece. This four-story home in Walworth Junction offers breathtaking city and Ohio River views from multiple patios and expansive, light-filled rooms thanks to oversized, thoughtfully placed windows. The gourmet kitchen blends seamlessly with the open-concept living space, showcasing elegant

    Megan Stacey Coldwell Banker Realty

    Section Image
  • Lot 4 Walworth Ave, Cincinnati, OH 45226

    $1,382,000

    • 4 Beds
    • 6 Baths
    • Lot 4 Walworth Ave
    • Cincinnati, OH

    Build an incredible home with Sterling Homes in Walworth Junction, the Site of Homearama 2020. Walworth features the finest custom homes throughout the City with River and City views, roof top decks, and all of the bells and whistles! This home includes ~4,000s, elevator, rear entry 3 car garage, enormous entertaining spaces & gorgeous front elevation - all within waking distance to Columbia

    Michael Hines Coldwell Banker Realty

    Section Image
  • Lot 21 Walworth Ave, Cincinnati, OH 45226

    $1,495,000

    • 4 Beds
    • 6 Baths
    • Lot 21 Walworth Ave
    • Cincinnati, OH

    Welcome to Walworth Junction! The Site of Homearama 2020 and one of a kind custom homes! Build a 1st class home with Sterling Homes, located less than a mile from this development! This home includes roughly 4,000sf, river & city views, elevator, rear entry 3 car garage, huge entertaining spaces & gorgeous front elevation - all within a brand new, walkable community! Still time to change the

    Michael Hines Coldwell Banker Realty

    Section Image
  • 1839 Madison Rd, Cincinnati, OH 45206

    $1,299,000

    • 5 Beds
    • 6 Baths
    • 6,075 Sq Ft
    • 1839 Madison Rd
    • Cincinnati, OH

    Ideal for exceptional family comfort, fun, and enjoyment as well as elegant entertaining spaces. Grandeur of the past with functionality of today. Stunning Victorian with newer rear addition that allows today's open concept to flow from the kitchen and family room to the inground pool and yard. 2009 architecturally designed 3-car garage. Owners have thoroughly enjoyed & maintained this home for

    Lee Robinson Robinson Sotheby's Internat'l

    Section Image
  • 2953 Three Oaks Ln, Cincinnati, OH 45209

    $1,249,900

    • 3 Beds
    • 5 Baths
    • 2953 Three Oaks Ln
    • Cincinnati, OH

    Fresh new design by WP Land on prime lot in Foundry Park. Incredible exterior living- Large Yard/patio space* 2 decks off main living spaces * Balcony off Primary Suite * Large rooftop patio with open air and covered entertaining spaces. Elevator for Over 3500 square ft of finished space + rooftop patio. Primary Suite with 2 oversized walk-in closets. Large Bar and Media Room walk-out to the

    Timothy Mahoney Sibcy Cline, Inc.

    Section Image
  • 2936 Robertson Ave, Cincinnati, OH 45209

    $1,289,760

    • 3 Beds
    • 5 Baths
    • 2936 Robertson Ave
    • Cincinnati, OH

    Stunning Custom Rooftop Home by WP Land in Foundry Park, Site of Homearama 2025. This remarkable home features an expansive 4th-floor rooftop deck complete with a wet bar, hot tub, and park views. The 1st-floor walkout patio adds to the appeal, making it perfect for entertaining. Inside, enjoy high-end custom finishes throughout, including site-finished hardwood floors, quartz countertops,

    Timothy Mahoney Sibcy Cline, Inc.

    Section Image
  • 2909 Three Oaks Ln, Cincinnati, OH 45209

    $1,269,900

    • 3 Beds
    • 5 Baths
    • 2909 Three Oaks Ln
    • Cincinnati, OH

    Rooftop living at its best. Custom built by WP Land Company, this gorgeous home has it all. Large rooftop patio spanning the entire 4th floor with an elevator to get you there. 15-year tax abatement, Steps away from downtown Oakley! Located in the community hosting Homearama 2025. Lot #14.

    Timothy Mahoney Sibcy Cline, Inc.

    Section Image
  • 2913 Three Oaks Ln, Cincinnati, OH 45209

    $1,229,150

    • 3 Beds
    • 5 Baths
    • 2913 Three Oaks Ln
    • Cincinnati, OH

    Custom-built by WP Land Company in Foundry Park at Three Oaks. This stunning home features a wraparound front porch and a private rooftop patio perfect for entertaining. Designed with WP Land's signature high-end finishes, every detail reflects quality craftsmanship. 15-year tax abatement. Located in the community hosting Homearama 2025. Lot #13.

    Timothy Mahoney Sibcy Cline, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Schrand Jeff $1,320,000 None Listed On Document
Borchers Meredith Schiff $975,000 --
Wunsch Eric J -- Attorney
Huey Eric A $885,000 Attorney
Kadison Dana L -- None Available
Kadison Dana -- Superior Title Agency Inc
Kinsley Janet B $624,200 Superior Title Agency Inc
Krajewski Scott $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrand Jeffrey T $500,000
Previous Owner Borchers Meredith Schiff $518,000
Previous Owner Borchers Meredith $550,000
Previous Owner Wunsch Eric J $785,600
Previous Owner Huey Eric A $796,500
Previous Owner Kadison Dana $600,000
Previous Owner Krajewski Scott $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2017 03/16/17 Off Market $975,000 -- --
12/16/2016 12/16/16 Sold $975,000 -2.5% $221 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $1,000,000 +1.8% $227 / Sq Ft
10/07/2015 10/07/15 Off Market $982,000 -- --
07/07/2015 07/07/15 Sold $982,000 0.0% $222 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
11/24/2014 11/24/14 For Sale $982,000 -- $222 / 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
2024 $22,565 $377,311 $135,713 $241,598
2023 $23,071 $377,311 $135,713 $241,598
2022 $26,965 $395,850 $99,064 $296,786
2021 $25,951 $395,850 $99,064 $296,786
2020 $26,709 $395,850 $99,064 $296,786
2019 $25,172 $341,250 $85,400 $255,850
2018 $25,211 $341,250 $85,400 $255,850
2017 $23,951 $341,250 $85,400 $255,850
2016 $22,057 $309,750 $73,535 $236,215
2015 $19,885 $309,750 $73,535 $236,215
2014 $20,027 $309,750 $73,535 $236,215
2013 $15,553 $236,272 $67,463 $168,809
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1513985

MLS of Greater Cincinnati (CincyMLS)

APN: 041-0004-0038