$1,900,000
SOLD NOV 1, 2016

2583 Observatory Ave Cincinnati, OH 45208

4 Beds
6 Baths
4,945 Sq Ft
0.86 Acres

Recently Sold

$384 Per Sq Ft

21% Below List Price

49 Days on Market

Highlights

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

About This Home

As of July 2022

Fabulous restored and enlarged Hyde Park Landmark residence - elegant master suite, media room, private pool, putting green, wine cellar, circular drive, 3 car garage the list goes on and on. All of the highest quality and attention to detail. Truly a rare find and just 2 blocks to HP Square!

Last Agent to Sell the Property

Michael Hinckley

Coldwell Banker Realty License #0000261574 Listed on: 07/28/2016

Coldwell Banker Realty

Last Buyer's Agent

Michael Hinckley

Coldwell Banker Realty License #0000261574 Listed on: 07/28/2016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,062

Year Built

  • Built in 1918

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 125x300
  • Yard

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 4,945 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Hung Windows
  • French Doors
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Gourmet Kitchen
  • Kitchen Island
  • Solid Wood Cabinet

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

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

$29,062

Year Built

Built in 1918

Lot Details

0

Parking

3

Listing Details

  • Suburb: Hyde Park
  • Degree Complete: Completed
  • Broker Approved: Yes
  • Miscellaneous: Cable,Ceiling Fan,Recessed Lights,Smoke Alarm
  • Basement Sq Ft: 2297
  • Census Tract Realist: 49.00
  • Cooling: Central Air
  • Heating: Gas, Forced Air
  • Lot Area Realist: 37505.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Hyde Park
  • Price Per Acre: 2206736.35
  • Basement Features: Part Finished,WW Carpet,Concrete Floor,Glass Blk Wind
  • Bathroom 4: Partial
  • Bathroom 4 Level: 1
  • Level 1 Bathroom Type: Partial
  • Level 1 Bathroom: Yes
  • Level 1 Bedroom: No
  • Dining Room Feat: Wood Floor,Chandelier,French Doors
  • Entry Area: 105
  • Entry Foyer: Wood Floor
  • Family Room Feat: Wood Floor,Fireplace,Walkout,Bookcases,French Doors
  • Living Great Rm Area: 360
  • Living Great Rm Dim: 24 x 15
  • Living Great Rm Len: 24
  • Living Great Rm Wid: 15
  • Living Room Feat: Wood Floor,Fireplace,Walkout,Bookcases
  • Mechanical Systems: Garage Door Opener,Security System
  • 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
  • Year Built: 1918
  • School 1 Type: District Phone
  • Architecture: Traditional
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Bedrooms: 4
  • Directions: Between Edwards and Stettinius
  • Lot Measurement: Acres
  • Status: Sold
  • Showing Start Date: 2016-07-28
  • Property Subtype 1: Single Family Residence
  • Occupancy: Negotiable
  • Second Floor Area: 2129
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 9Ft + Ceiling, Crown Molding, Natural Woodwork, Beam Ceiling, French Doors
  • 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
  • Flex Rooms: Media,Wine Cellar
  • Property Type: Residential
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: 14531
  • Kitchen: 26x13 Level: 1
  • Kitchen Features: Wood Floor,Marble/Granite/Slate,Eat-In,Gourmet,Wood Cabinets,Pantry,Island
  • 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): 4945.00
  • Total Rooms: 12
  • Windows: Wood, Double Hung
  • First Floor Family Room: Yes
  • PrimaryBedroomArea: 459
  • PrimaryBedroomDim: 27 x 17
  • PrimaryBedroomLen: 27
  • Primary Bathrooms: Shower,Tub,Tile Floor,Double Vanity
  • PrimaryBedFeat: WW Carpet,Bath Adjoins,Walk-in Closet
  • P R I M A R Y B E D R O O M: 27x17 Level: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Outside Features: Patio, Porch, Yard Lights, Other
  • Foundation: Stone
  • Listing Price: 2395000.00
  • Acres: 0.8610
  • New Construction: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage Carport: Garage Detached
  • 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: 125x300
  • Lot Size Sq Ft: 37505.00
  • Total Assessed Value: Of Record
  • ResoLotSizeUnits: Acres

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
49
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 Type Sale Price Title Company
Deed $2,307,500 Horn David A
Deed -- --
Deed $1,900,000 --
Interfamily Deed Transfer -- --
Warranty Deed $900,000 None Available
Interfamily Deed Transfer -- Classic Title Agency Inc
Warranty Deed $548,000 Classic Title Agency Inc
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Previous Owner $1,425,000 No Value Available
Previous Owner -- No Value Available
Previous Owner -- No Value Available
Previous Owner $1,425,000 New Conventional
Previous Owner $700,000 Unknown
Previous Owner $1,776,000 Construction
Previous Owner $900,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $533,600 Fannie Mae Freddie Mac
Previous Owner $40,000 Unknown
Previous Owner $503,000 Unknown
Previous Owner $503,000 New Conventional
Previous Owner $63,000 Credit Line Revolving
Previous Owner $504,000 Unknown
Previous Owner $50,000 Credit Line Revolving
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: 1504992

MLS of Greater Cincinnati (CincyMLS)

APN: 046-0008-0005