NOT LISTED FOR SALE

3941 Banks Rd Cincinnati, OH 45245

4 Beds
4 Baths
2,988 Sq Ft
0.43 Acres

Last Sold November 16, 2021

Last sale price $204,000 $68 Per Sq Ft

Highlights

  • Patio
  • 1-Story Property
  • Forced Air Heating System
  • Storage

About This Home

As of November 2021

Excellent rental opportunity for new investor to start portfolio or for experienced investor to add units. Four, ground level one bedroom units, with individual entrances. Utilities separately metered. Ample parking. Each unit has back yard patio. Onsite storage shed for Tenants. Fully fenced yard with patio and green space. Easy access to St Rt 125, bus line, shopping, resturantd

Last Agent to Sell the Property

Ben Trautmann

J.A. Trautmann Realty, Inc., W License #2014001683 Listed on: 10/13/2021

Co-Listed By

Tim Trautmann

J.A. Trautmann Realty, Inc., W License #2007004222

Last Buyer's Agent

Ben Trautmann

J.A. Trautmann Realty, Inc., W License #2014001683 Listed on: 10/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,568

Year Built

  • Built in 1969

Lot Details

  • 0.43 Acre Lot
  • Aluminum or Metal Fence

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage
  • Public Parking
  • Parking Lot
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,988 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Storage
  • Crawl Space
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Gross Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,568

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Suburb: Union Twp.
  • Cross Street: State Route 125
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Smoke Alarm
  • Census Tract Realist: 412.00
  • Cooling: Wall Unit
  • Heating: Gas, Forced Air
  • Lot Area Realist: 18731.00
  • Suburb S I C: Union Twp.
  • Price Per Acre: 474418.60
  • Public Transportn: yes
  • Year Built: 1969
  • School 1 Type: District Phone
  • Directions: I-275 to Amelia/ Beechmont exit. Turn East towards Amelia. Right on Banks Rd. Property on the right.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: Tenant Right
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage Area
  • Property Type: Residential Income
  • Other Features: Corner Lot,Busline Near
  • Reciprocal Listing: No
  • School Name1: Call SD 513-943-5000
  • Semi Annual Taxes: 3284
  • Basement: Crawl
  • Levels: One
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2988.00
  • Windows: Insulated, Double Hung, Vinyl
  • One Bedroom Rent: 550.00
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Shingle
  • Construction: Brick, Aluminum Siding
  • Outside Features: Patio, Metal Fence
  • Foundation: Poured
  • Listing Price: 219900.00
  • Acres: 0.4300
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 5.00
  • Parking Spaces: 5
  • Parking: Lot, Private, Public, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: West Clermont Local

Lot Info

  • Lot Dimensions: irr
  • Lot Size Sq Ft: 18731.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 27000.00
  • Total Buildings: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2022 02/17/22 Off Market $204,000 -- --
11/16/2021 11/16/21 Sold $204,000 -6.8% $68 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $219,000 -- $73 / 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 $4,250 $62,620 $13,300 $49,320
2023 $4,272 $62,620 $13,300 $49,320
2022 $3,281 $45,290 $9,800 $35,490
2021 $3,315 $45,290 $9,800 $35,490
2020 $3,285 $45,290 $9,800 $35,490
2019 $2,757 $43,580 $11,200 $32,380
2018 $2,797 $43,580 $11,200 $32,380
2017 $2,685 $43,580 $11,200 $32,380
2016 $2,685 $38,920 $11,200 $27,720
2015 $2,665 $38,920 $11,200 $27,720
2014 $2,665 $38,920 $11,200 $27,720
2013 $2,745 $40,460 $15,890 $24,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1719025

MLS of Greater Cincinnati (CincyMLS)