NOT LISTED FOR SALE

5 W Main St Spring Valley, OH 45370

Estimated Value: $328,300

3 Beds
2.5 Baths
3,460 Sq Ft
$95/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $335,000 $97 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,989/month

3 Days on Market

Highlights

  • Second Kitchen
  • Shed
  • Partially Fenced Property
  • Wood Frame Window
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of July 2024

This well-maintained property has so many potential uses! It is located in Spring Valley Village’s Main Street Historic District which is listed on the National Register of Historic Places. This brick building was built in 1900. It is perfectly located next to the Little Miami Scenic Trail. The Little Miami River is close by as well. A previous owner operated a café to service not only Spring Valley but cyclists on the bike trail. This space now operates as a vintage shop.
Zoning map and permitted uses is attached.
Sale includes three parcels K31-0001-0001-0075-00, 0076-00 & 0077-00
The Loft has two bedrooms a remodeled kitchen and a full bath. It is currently being used as a Yoga studio is leased from June 11, 2024-May 31, 2025 @ $1,100 per month, the lease renews June 1, 2025-May 31, 2026 @ $1,175 per month. The Air B & B is currently occupied through September 2024 @ $1,800 per month. The Air B & B unit typically is rented for $99 per night with cleaning fees making the total of $134 per night. The owner currently does the cleaning. It is set up as a studio, with a full bath and a stackable washer and dryer. The Red Barn Store is currently owner occupied and market rent should be $850-950 per month. The store has been used as a restaurant in the past and has a half bathroom. Contents of the shop are negotiable. Owner pays all utilities.

Last Agent to Sell the Property

Kamela Kordik

Kamela & Company Realty Brokerage Phone: (937) 299-0888 License #2002013082 Listed on: 06/18/2024

Last Buyer's Agent

Paul Gray

Bella Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 3,149 Sq Ft Lot
  • Lot Dimensions are 60 x 160
  • Partially Fenced Property
  • Wood Fence

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,460 Sq Ft Home
  • 2-Story Property
  • Double Hung Windows
  • Wood Frame Window
  • Basement Cellar

Kitchen

  • Second Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • No Garage
  • Public Parking
  • Private Parking
  • Driveway
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number K31000100010007500

Community Details

Overview

  • 3 Units
  • Village/Spg Vly Subdivision

Building Details

  • Gross Income $46,000
  • Net Operating Income $33,460

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Major Appliances: Range, Refrigerator
  • Cooling System: Central Air
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Attribution Contact: (937) 299-0888
  • Fencing: Partial, Wood
  • Lot Size Acres: 0.0723
  • Co List Office Phone: (937) 299-0888
  • MLS Status: Closed
  • Living Area: 3460.0
  • Window Features: Double Hung, Wood Frames
  • Master Plan Zoning: Commercial
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Interior Amenities: Remodeled, Second Kitchen
  • Sewer: Storm Sewer
  • Property Type: Residential Income
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Fence, Storage
  • Foundation Details: Cellar
  • Other Structures: Shed(s)

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, No Garage, Public, Parking Lot, Private, On Street

Utilities

  • Heating: Natural Gas
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Xenia

Lot Info

  • Lot Dimensions: 60 x 160
  • Lot Size Sq Ft: 3149.0
  • Parcel Number: K31000100010007500
  • Zoning Description: Commercial

Multi Family

  • Annual Gross Income: 46000.0
  • Property Net Operating Income: 33460.0
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Jul 1, 2024
Sold by
Rbs Real Estate Investments Llc
Bought by
Dean Lynn Properties Llc
Seller's Agent
Kamela Kordik
Kamela & Company Realty
Buyer's Agent
Paul Gray
Bella Realty Group
List Price
$335,000
Sold Price
$335,000
Views
22
Current Estimated Value
$328,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,700

Purchase Details

Closed on
Dec 9, 2016
Sold by
Woodland Treana M
Bought by
Rbs Real Estate Investmen

Purchase Details

Closed on
Dec 17, 2009
Sold by
Xaven Enterprises Llc
Bought by
Woodland Treana and Woodland Treana M

Purchase Details

Closed on
May 5, 2006
Sold by
Arnett Donald C
Bought by
Xaven Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,693
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2004
Sold by
Begley Bernard M
Bought by
Arnett Donald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,600
Interest Rate
5.82%
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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Purchase History

Date Buyer Sale Price Title Company
Dean Lynn Properties Llc $335,000 None Listed On Document
Rbs Real Estate Investmen $152,900 Attorney
Woodland Treana $140,000 Attorney
Xaven Enterprises Llc $164,500 None Available
Arnett Donald C $169,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Xaven Enterprises Llc $134,693
Previous Owner Arnett Donald C $135,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $335,000 0.0% $97 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $335,000 -- $97 / Sq Ft
Source: Dayton REALTORS®

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 $3,269 $47,480 $1,460 $46,020
2023 $3,269 $47,480 $1,460 $46,020
2022 $3,348 $43,750 $1,460 $42,290
2021 $3,388 $43,750 $1,460 $42,290
2020 $3,175 $43,750 $1,460 $42,290
2019 $3,469 $45,630 $1,460 $44,170
2018 $3,445 $45,630 $1,460 $44,170
2017 $3,574 $45,630 $1,460 $44,170
2016 $3,575 $48,090 $1,460 $46,630
2015 $3,585 $48,090 $1,460 $46,630
2014 $3,485 $48,090 $1,460 $46,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Dayton REALTORS®

MLS Number: 913701

Dayton REALTORS®

APN: K31-0001-0001-0-0075-00