NOT LISTED FOR SALE

4040 Hamilton Ave Cincinnati, OH 45223

Northside Neighborhood

Estimated Value: $382,724

Studio
-- Bath
-- Sq Ft
2,831 Sq Ft Lot

Last Sold November 17, 2015

Last sale price $162,500

Est. 136% increase in value since last sale

Current estimated payment $2,365/month

34 Days on Market

Highlights

  • Baseboard Heating
  • Walnut Hills High School Rated A+
  • 3-minute walk to Jacob Hoffner Park

About This Home

As of November 2015

Great Investment. New Roof & Windows, Tenants pay heat.4 Large 1 bdrm apts. w/courtyard! Convert Attic to apt or art studio to add revenue. 1720 sq ft. street level commercial space historically rents $800.00 per month. Awesome Location, directly fronts Northside parking lot,two doors down from Django Taco!Half Block from new Gantry Apts

Last Agent to Sell the Property

Jerry Garrison

Keller Williams Advisors License #0000433588 Listed on: 09/18/2015

Keller Williams Advisors

Last Buyer's Agent

Bill Draznik

Coldwell Banker Realty License #2006001330

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1882

Lot Details

  • 2,831

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Membrane Roofing

Interior Spaces

  • 3-Story Property
  • Non-Functioning Fireplace
  • Vinyl Clad Windows
  • Double Hung Windows
  • Basement Fills Entire Space Under The House

Home Security

Parking

  • Public Parking
  • On-Street Parking
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters

Community Details

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $3,000
  • Water Sewer Expense $1,937
  • Gross Income $31,200
  • Net Operating Income $16,670

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Suburb: Northside
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Tax Rate: Of Record
  • Miscellaneous: Smoke Alarm
  • Census Tract Realist: 74.00
  • Cooling: Window Unit
  • Heating: Electric, Baseboard, Individual
  • Lot Area Realist: 2831.00
  • Suburb S I C: Northside
  • Price Per Acre: 2500000.00
  • Year Built: 1882
  • Appliance Include: stove refridge
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: From Spring Grove, go NORTH on Hamilton to property on RIGHT, just before Blue Rock.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 5
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: Tenant Right
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 16670.00
  • Property Type: Residential Income
  • Vacancy: 3120
  • Gasand Electric: 1116
  • Heat Paid: Tenant
  • Lease Information: month to month
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: Of Record
  • Water Paid: Owner
  • Basement: Full
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: Inoperable
  • Windows: Double Hung, Vinyl
  • One Bedroom Sq Ft: 1050
  • One Bedroom Number of Units: 450

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Stone
  • Listing Price: 185000.00
  • Acres: 0.0650
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking: Lot, Public, Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 1937

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 3000.00

Fee Information

  • Taxes: 4157

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: 25 x 117
  • Lot Size Sq Ft: 2831.00

Multi Family

  • Gross Income: 31200.00
  • Total Buildings: 1
  • Insurance: 1200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2017
Sold by
Grey Rock Property Development Llc
Bought by
4040 Hamilton Ave Llc
Current Estimated Value
$382,724

Purchase Details

Listed on
Sep 18, 2015
Closed on
Nov 17, 2015
Sold by
Seiwert Anthony J and Seiwert Carol E
Bought by
Grey Rock Property Development Llc
Seller's Agent
Jerry Garrison
Keller Williams Advisors
Buyer's Agent
Bill Draznik
Coldwell Banker Realty
List Price
$185,000
Sold Price
$162,500
Premium/Discount to List
-$22,500
-12.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
Mar 4, 2011
Sold by
Gorth Kelly Ann
Bought by
Seiwert Anthony J and Seiwert Carol E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 1995
Sold by
Hendrix Richard E and Hendrix Janet M
Bought by
Gorth Kelly Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,600
Interest Rate
9.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
4040 Hamilton Ave Llc -- None Available
Grey Rock Property Development Llc $162,500 Attorney
Seiwert Anthony J $135,000 Old Town Title Agency
Gorth Kelly Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seiwert Anthony J $94,500
Previous Owner Gorth Kelly Ann $71,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2016 02/16/16 Off Market $162,500 -- --
11/17/2015 11/17/15 Sold $162,500 -12.2% --
10/22/2015 10/22/15 Pending -- -- --
09/18/2015 09/18/15 For Sale $185,000 -- --
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
2023 $7,514 $90,458 $8,365 $82,093
2022 $6,528 $71,096 $7,693 $63,403
2021 $6,418 $71,096 $7,693 $63,403
2020 $6,425 $71,096 $7,693 $63,403
2019 $5,578 $56,875 $6,153 $50,722
2018 $5,572 $56,875 $6,153 $50,722
2017 $5,399 $56,875 $6,153 $50,722
2016 $4,500 $46,306 $5,541 $40,765
2015 $4,144 $46,306 $5,541 $40,765
2014 $4,157 $46,306 $5,541 $40,765
2013 $4,253 $47,251 $5,653 $41,598
Source: Public Records

Agents Affiliated with this Home

  • Jerry Garrison

    Seller's Agent in 2015

    Jerry Garrison

    Keller Williams Advisors

    (513) 325-2245

    78 Total Sales

    Jerry Garrison
    Section Image
  • Bill Draznik

    Buyer's Agent in 2015

    Bill Draznik

    Coldwell Banker Realty

    (513) 616-0409

    6 in this area

    234 Total Sales

    Bill Draznik
    Section Image
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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1466231

MLS of Greater Cincinnati (CincyMLS)

APN: 221-0013-0137

Ohio Hamilton County Cincinnati 45223 Northside

4040 Hamilton Ave, Cincinnati, OH

Not Listed for Sale

Condos

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