Karin Spradlin
Keller Williams Home Town Rlty
(937) 749-7175
59 Total Sales
2 in Fairborn
$64K - $160K Price Range
401 Elder Dr Fairborn, OH 45324
Fairborn Area
16
Beds
8
Baths
8,134
Sq Ft
10,078
Sq Ft Lot
Highlights
- Balcony
- Patio
- Baseboard Heating
About This Home
As of November 2023Welcome to this exceptional multi-family apartment building located in Fairborn, Ohio! This brick property presents a golden investment opportunity, boasting 8 inviting 2-bedroom units, each sprawling across 900 square feet of well-designed living space. Updates include: Boiler System (2021) Water heaters (2022) Solid brick construction ensures durability and low maintenance costs for years to come.
Each unit features 2 generously sized bedrooms, providing ample space for residents to create their perfect home.
Accepting Backup Offers
Each unit provides either a patio or balcony.
Ample parking space ensures convenient access for residents and their guests.
A secured entrance allows residents to enjoy peace of mind and a sense of community.
Coin laundry conveys with sale and are not leased--additional income for the owner!
Updates to several of the units, plus the updated boiler system and water heaters make this an easy building to self manage as well! Situated in the heart of Fairborn, residents will have easy access to a plethora of local amenities, including shopping centers, restaurants, parks, and schools. The nearby Wright-Patterson Air Force Base adds to the property's appeal, making it a highly attractive choice for military personnel.
Last Agent to Sell the Property
Glasshouse Realty Group Brokerage Phone: (937) 949-0006 License #2016005915 Listed on: 08/09/2023
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Property Details
Home Type
- Multi-Family
Year Built
- 1965
Lot Details
- 10,078 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 8,134 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Parking
- No Garage
- Parking Lot
Outdoor Features
- Balcony
- Patio
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number A02000100020003300
Community Details
Overview
- 8 Units
- Fairfield Crossing Subdivision
Building Details
- Gross Income $73,235
- Net Operating Income $73,235
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
Aug 9, 2023
Closed on
Nov 9, 2023
Sold by
Bought by
Seller's Agent
Tricia Reynolds
Glasshouse Realty Group
Buyer's Agent
Tyler Everidge
eXp Realty
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Outstanding Balance
$371,023
Interest Rate
8.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 2015
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
$200,000
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 26, 2007
Sold by
Bought by
Purchase Details
Closed on
Apr 28, 2007
Sold by
Bought by
Purchase Details
Closed on
Sep 15, 2006
Sold by
Bought by
Purchase Details
Closed on
Jun 8, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fairborn, OH
-
Karin Spradlin
-
Kimberly Staub
Kimberly Staub
Coldwell Banker Heritage
(937) 858-8264
19 Total Sales
2 in Fairborn
$175K - $345K Price Range
-
Cecilia Hill
Cecilia Hill
Coldwell Banker Heritage
(937) 717-3986
205 Total Sales
1 in Fairborn
$69,500 Price
-
Pamela Querry-Wise
Pamela Querry-Wise
Howard Hanna Real Estate Serv
(937) 319-3352
72 Total Sales
3 in Fairborn
$113K - $297K Price Range
-
Tammy Collins
Tammy Collins
Coldwell Banker Heritage
(937) 717-3577
104 Total Sales
4 in Fairborn
$152K - $280K Price Range
-
Jeffrey Sherby
Jeffrey Sherby
BHHS Professional Realty
(513) 586-7195
60 Total Sales
2 in Fairborn
$158K - $209K Price Range
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 |
|---|---|---|---|
| $505,000 | Terra Title | ||
| $250,000 | None Available | ||
| -- | Attorney | ||
| -- | Attorney | ||
| $293,000 | None Available | ||
| -- | -- |
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 | $378,750 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $200,000 |
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 |
|---|---|---|---|---|
| 11/13/2023 11/13/23 | Sold | $505,000 | -3.8% | $62 / Sq Ft |
| 08/11/2023 08/11/23 | Pending | -- | -- | -- |
| 08/09/2023 08/09/23 | For Sale | $525,000 | -- | $65 / Sq Ft |
Source: Dayton REALTORS®
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 | $7,366 | $126,630 | $17,650 | $108,980 |
| 2024 | $7,366 | $126,630 | $17,650 | $108,980 |
| 2023 | $7,315 | $126,630 | $17,650 | $108,980 |
| 2022 | $6,870 | $102,870 | $17,650 | $85,220 |
| 2021 | $6,989 | $102,870 | $17,650 | $85,220 |
| 2020 | $7,004 | $102,870 | $17,650 | $85,220 |
| 2019 | $6,218 | $94,100 | $17,650 | $76,450 |
| 2018 | $6,280 | $95,430 | $17,650 | $77,780 |
| 2017 | $6,114 | $95,430 | $17,650 | $77,780 |
| 2016 | $6,115 | $92,890 | $17,650 | $75,240 |
| 2015 | $2,938 | $92,890 | $17,650 | $75,240 |
| 2014 | $5,741 | $92,890 | $17,650 | $75,240 |
Source: Public Records
Agents Affiliated with this Home
-
Tricia Reynolds
Seller's Agent in 2023
Tricia Reynolds
Glasshouse Realty Group
(937) 232-7803
38 Total Sales
-
Lori Lyons
Seller Co-Listing Agent in 2023
Lori Lyons
Glasshouse Realty Group
(937) 475-1607
62 Total Sales
-
Tyler Everidge
Buyer's Agent in 2023
Tyler Everidge
eXp Realty
(937) 789-4598
104 Total Sales
Map
Source: Dayton REALTORS®
MLS Number: 891147
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by Dayton Area Board of Realtors MLS. Information deemed reliable but not guaranteed. Information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Dayton Area Board of Realtors MLS. All Rights Reserved.
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