NOT LISTED FOR SALE

423 Forest Ave Franklin, OH 45005

Studio
10 Baths
-- Sq Ft
1967 Built

Last Sold March 31, 2017

Last sale price $325,000

147 Days on Market

About This Home

As of March 2017

Very well maintained 10 unit apartment building. Owner has kept rents reasonable to keep good tenants. Features new roof, replacement windows. Each unit has w/d hook up.

Last Agent to Sell the Property

Faye Leap

Leap & Associates Inc. License #0000170163 Listed on: 09/23/2016

Last Buyer's Agent

Not Member

NOTCINCYMEM

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,670

Year Built

  • Built in 1967

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • City Views

Parking

  • 10 Open Parking Spaces
  • Private Parking
  • On-Street Parking
  • Parking Lot
  • Assigned Parking

Utilities

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

Community Details

  • Water Sewer Expense $3,120
  • Gross Income $46,800

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,670

Year Built

Built in 1967

Lot Details

0 Sq Ft Lot

Listing Details

  • Suburb: Franklin
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Individual Laundry
  • Census Tract Realist: 302.00
  • Cooling: Wall Unit
  • Heating: Gas, Forced Air
  • Lot Area Realist: 7500.00
  • Suburb S I C: Franklin
  • Year Built: 1967
  • Appliance Include: range, refrigerator
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: West on Park, left on Pine, at corner of Pine and Forest.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 10
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Heat Paid: Tenant
  • Lease Information: 1 year
  • Other Features: Corner Lot
  • Other Tax Parcel I D: 03042800081
  • Reciprocal Listing: No
  • School Name1: Call SD 937-746-1699
  • Semi Annual Taxes: 3334.76
  • Waste Removal: 1944
  • Water Paid: Owner
  • Basement: None
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Insulated
  • One Bedroom Rent: 390.00
  • One Bedroom Sq Ft: 667
  • One Bedroom Number of Units: 10

Exterior Features

  • View: City
  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 359900.00
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 10
  • Parking: Lot, Private, Onstreet, Assigned

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 3120

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: Franklin City SD

Lot Info

  • Lot Dimensions: 100x150

Multi Family

  • Gross Income: 46800.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2023
Sold by
New Housing Opportunities Incorporated
Bought by
New Housing Ohio Inc

Purchase Details

Closed on
Dec 13, 2018
Sold by
Ledocat Enterprises Llc
Bought by
New Housing Ohio Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 23, 2016
Closed on
Mar 31, 2017
Sold by
Ader Stephen H and Ader Robin L
Bought by
Ledocat Enterprises Llc
Seller's Agent
Faye Leap
Leap & Associates Inc.
Buyer's Agent
Not Member
NOTCINCYMEM
List Price
$437,900
Sold Price
$325,000
Premium/Discount to List
-$112,900
-25.78%

Purchase Details

Closed on
Oct 4, 2000
Sold by
T S T Inc
Bought by
Ader Stephen H and Ader Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2000
Sold by
Brown William L
Bought by
Carter Judy C

Purchase Details

Closed on
Oct 11, 1994
Sold by
Est Julia M Bensonhaver
Bought by
Brown William L and Brown Marilyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 1990
Sold by
Bensonhaver Bensonhaver and Bensonhaver Charles L
Bought by
Bensonhaver Bensonhaver and Bensonhaver Julia M

Purchase Details

Closed on
Jun 20, 1985
Sold by
Stiers Robert A and Stiers Robert A
Bought by
Bensonhaver and Bensonhaver Charles L
Source: Public Records
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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
New Housing Ohio Inc -- None Listed On Document
New Housing Ohio Inc $425,000 None Available
Ledocat Enterprises Llc $325,000 None Available
Ader Stephen H $275,000 --
Carter Judy C $240,000 --
Brown William L $175,000 --
Bensonhaver Bensonhaver -- --
Bensonhaver $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner New Housing Ohio Inc $332,000
Previous Owner Ader Stephen H $240,000
Previous Owner Brown William L $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2017 06/29/17 Off Market $325,000 -- --
03/31/2017 03/31/17 Sold $325,000 -9.7% --
02/17/2017 02/17/17 Pending -- -- --
01/31/2017 01/31/17 Price Changed $359,900 -1.4% --
01/26/2017 01/26/17 Price Changed $364,900 -3.9% --
01/02/2017 01/02/17 Price Changed $379,900 -2.6% --
12/22/2016 12/22/16 Price Changed $389,900 -2.5% --
10/28/2016 10/28/16 Price Changed $399,900 -8.7% --
09/23/2016 09/23/16 For Sale $437,900 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

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
2025 $9,879 $34,650 $34,650 --
2024 $9,879 $161,070 $37,800 $123,270
2023 $6,272 $94,115 $31,500 $62,615
2022 $6,324 $94,115 $31,500 $62,615
2021 $6,967 $108,780 $31,500 $77,280
2020 $7,585 $108,780 $31,500 $77,280
2019 $7,038 $108,780 $31,500 $77,280
2018 $5,929 $90,405 $13,125 $77,280
2017 $6,030 $90,405 $13,125 $77,280
2016 $5,779 $84,455 $13,125 $71,330
2015 $2,886 $84,455 $13,125 $71,330
2014 $5,763 $84,460 $13,130 $71,330
2013 $4,573 $84,460 $13,130 $71,330
Source: Public Records

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1512203

MLS of Greater Cincinnati (CincyMLS)

APN: 02-04-280-008-1

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