NOT LISTED FOR SALE

2583 Observatory Ave Cincinnati, OH 45208

Estimated Value: $2,001,708 - $3,056,000

4 Beds
6 Baths
5,945 Sq Ft
$435/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $2,307,500 $388 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $17,755/month

Highlights

  • 0.86 Acre Lot
  • Traditional Architecture
  • No HOA
  • Walnut Hills High School Rated A+
  • 3 Fireplaces
  • Formal Dining Room

About This Home

As of July 2022

Sold before sent.

Last Agent to Sell the Property

Michael Hinckley

Coldwell Banker Realty License #0000261574 Listed on: 07/07/2022

Coldwell Banker Realty

Co-Listed By

John Hinckley

Coldwell Banker Realty License #2018005650

Last Buyer's Agent

Bob Dorger

Comey & Shepherd License #2003012566

Comey & Shepherd

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50

Year Built

  • Built in 1918

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 125x300

Parking

  • 3 Car Detached Garage

Home Design

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

Interior Spaces

  • 5,945 Sq Ft Home
  • 3-Story Property
  • 3 Fireplaces
  • Gas Fireplace
  • Double Hung Windows
  • Family Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$50

Year Built

Built in 1918

Lot Details

0

Parking

3

Listing Details

  • Suburb: Hyde Park
  • Broker Approved: Yes
  • Miscellaneous: Cable,Recessed Lights
  • Basement Sq Ft: 2297
  • Census Tract Realist: 49.00
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Lot Area Realist: 37505.00
  • Property Ownership: Consumer
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Hyde Park
  • Price Per Acre: 2680023.23
  • Bathroom 4: Partial
  • Bathroom 4 Level: 1
  • Level 1 Bathroom Type: Partial
  • Level 1 Bathroom: Yes
  • Level 1 Bedroom: No
  • Entry Area: 105
  • Entry Dim: 15 x 7
  • Living Great Rm Area: 360
  • Living Great Rm Dim: 24 x 15
  • Living Great Rm Len: 24
  • Living Great Rm Wid: 15
  • Single Family Desc: Single Family
  • Study Lib Den: 15x13 Level: 2
  • Study Lib Den Area: 195
  • Study Lib Den Dim: 15 x 13
  • Study Lib Den Len: 15
  • Water Heating: Gas
  • Year Built: 1918
  • Architecture: Traditional
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Bedrooms: 4
  • Directions: Between Edwards and Stettinius
  • Lot Measurement: Acres
  • Status: Sold
  • Showing Start Date: 2022-07-07
  • Property Subtype 1: Single Family Residence
  • Occupancy: At Closing
  • On Market: No
  • Third Party Approval Required: No
  • Second Floor Area: 2129
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedroom 2: 16x11 Level: 2
  • Bedroom 3: 14x12 Level: 2
  • Bedroom 4: 23x22 Level: 3
  • Dining Room: 18x17 Level: 1
  • Family Room: 18x17 Level: 1
  • Living Room: 24x15 Level: 1
  • Recreation Room: 24x17 Level: Lower
  • Formal Dining Room: Yes
  • Property Type: Residential
  • Bathrooms Display: 6 (4 2)
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: $25,468
  • Kitchen: 26x13 Level: 1
  • Kitchen Features: Marble/Granite/Slate
  • Bedroom 2 Area: 176
  • Basement: Full
  • Bedroom 3 Area: 168
  • Bedroom 4 Area: 506
  • Entry: 15x7 Level: 1
  • Bathrooms: 6.00
  • Kitchen Area: 338
  • Kitchen Dim: 26 x 13
  • Levels: Three
  • Zero Selling Price: No
  • Bathroom 1: Full
  • Level 1 Bath: 2
  • Bathroom 2: Full
  • Bathroom 2 Level: 2
  • Bathroom 3: Partial
  • Bathroom 3 Level: 1
  • Diningroom Area: 306
  • Family Room Area: 306
  • Laundry Room: 11x6 Level: 2
  • Laundry Room Area: 66
  • Laundryroom Dim: 11 x 6
  • Recreation Room Area: 408
  • Recreation Room Dim: 24 x 17
  • Fireplace: Gas
  • Fireplaces: 3
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 5945.00
  • Total Rooms: 12
  • Windows: Double Hung, Wood
  • First Floor Family Room: Yes
  • PrimaryBedroomArea: 459
  • PrimaryBedroomDim: 27 x 17
  • PrimaryBedroomLen: 27
  • Primary Bathrooms: Marb/Gran/Slate,Tile Floor
  • P R I M A R Y B E D R O O M: 27x17 Level: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Stone
  • Listing Price: 2395000.00
  • Acres: 0.8610
  • New Construction: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage Carport: Garage Detached

Utilities

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

Condo/Co-op/Association

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

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: 125X300
  • Lot Size Sq Ft: 37505.00
  • Total Assessed Value: of record
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Abatement: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jul 12, 2022
Sold by
Schomburger and Eileen
Bought by
Rybolt Ryan and Rybolt Kara
Seller's Agent
Michael Hinckley
Coldwell Banker Realty
Buyer's Agent
Bob Dorger
Comey & Shepherd
List Price
$2,395,000
Sold Price
$2,307,500
Premium/Discount to List
-$87,500
-3.65%
Total Days on Market
0
Current Estimated Value
$2,588,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,927
Avg. Annual Appreciation
4.06%
Original Mortgage
$1,500,000
Outstanding Balance
$1,435,319
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$1,153,108

Purchase Details

Listed on
Jul 28, 2016
Closed on
Nov 17, 2016
Sold by
Mark F Fallon
Bought by
Schomburger Jeffrey and Schomburger Eileen
Seller's Agent
Michael Hinckley
Coldwell Banker Realty
Buyer's Agent
Michael Hinckley
Coldwell Banker Realty
List Price
$2,395,000
Sold Price
$1,900,000
Premium/Discount to List
-$495,000
-20.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$1,425,000
Interest Rate
3.94%

Purchase Details

Listed on
Jul 28, 2016
Closed on
Nov 14, 2016
Sold by
Fallon Mark F Tr
Bought by
Jeffrey Schomburger and Eileen Schomburger
Seller's Agent
Michael Hinckley
Coldwell Banker Realty
Buyer's Agent
Michael Hinckley
Coldwell Banker Realty
List Price
$2,395,000
Sold Price
$1,900,000
Premium/Discount to List
-$495,000
-20.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
3.94%

Purchase Details

Closed on
Dec 23, 2015
Sold by
Fallon Trust
Bought by
Fallon Trust

Purchase Details

Closed on
Mar 29, 2006
Sold by
Jenkins Gary K
Bought by
Fallon Mark F and Trust Agreement Of Mark F Fallon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 8, 2003
Sold by
Christofero Tracy M
Bought by
Jenkins Gary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2000
Sold by
Fisher Bruce M and Fisher Frances C
Bought by
Jenkins Gary K and Christofero Tracy M

Purchase Details

Closed on
Sep 5, 1996
Sold by
Fisher Bruce M and Fisher Frances G
Bought by
Fisher Bruce M

Purchase Details

Closed on
Feb 20, 1995
Sold by
Fisher Bruce M
Bought by
Fisher Bruce M and Fisher Frances G
Source: Public Records

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Range of Values:

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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
Rybolt Ryan $2,307,500 Horn David A
Schomburger Jeffrey -- --
Jeffrey Schomburger $1,900,000 --
Fallon Trust -- --
Fallon Mark F $900,000 None Available
Jenkins Gary K -- Classic Title Agency Inc
Jenkins Gary K $548,000 Classic Title Agency Inc
Fisher Bruce M -- --
Fisher Bruce M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rybolt Ryan $1,500,000
Previous Owner Jeffrey Schomburger $1,425,000
Previous Owner Jeffrey Schomburger --
Previous Owner Jeffrey Schomburger --
Previous Owner Schomburger Jeffrey $1,425,000
Previous Owner Fallon Mark F $700,000
Previous Owner Fallon Mark F $1,776,000
Previous Owner Fallon Mark F $900,000
Previous Owner Jenkins Gary K $100,000
Previous Owner Jenkins Gary K $50,000
Previous Owner Jenkins Gary K $533,600
Previous Owner Jenkins Gary K $40,000
Previous Owner Jenkins Gary K $503,000
Previous Owner Jenkins Gary K $503,000
Previous Owner Jenkins Gary K $63,000
Previous Owner Jenkins Gary K $504,000
Previous Owner Jenkins Gary $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $2,307,500 -3.7% $388 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $2,395,000 +26.1% $403 / Sq Ft
01/31/2017 01/31/17 Off Market $1,900,000 -- --
11/01/2016 11/01/16 Sold $1,900,000 -20.7% $384 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $2,395,000 -- $484 / 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 $48,220 $807,626 $217,424 $590,202
2023 $49,285 $807,626 $217,424 $590,202
2022 $52,903 $777,928 $158,893 $619,035
2021 $50,962 $777,928 $158,893 $619,035
2020 $52,433 $777,928 $158,893 $619,035
2019 $49,006 $665,000 $136,976 $528,024
2018 $49,080 $665,000 $136,976 $528,024
2017 $46,643 $665,000 $136,976 $528,024
2016 $32,279 $453,114 $119,564 $333,550
2015 $29,087 $453,114 $119,564 $333,550
2014 $29,293 $453,114 $119,564 $333,550
2013 $27,346 $415,699 $109,690 $306,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1745221

MLS of Greater Cincinnati (CincyMLS)

APN: 046-0008-0005