NOT LISTED FOR SALE

501 E Lomar Ave Franklin, OH 45005

Estimated Value: $204,000 - $226,653

3 Beds
1 Bath
1,719 Sq Ft
$126/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $170,000 $99 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,327/month

7 Days on Market

Highlights

  • Ranch Style House
  • Great Room
  • Game Room
  • Alden R Brown Elementary School Rated 9+
  • No HOA
  • Home Office

About This Home

As of October 2022

Priced under value!!! Rare find. Ranch with 3 bedrooms and full basement on a quiet street. Potential investment property or upside opportunity with Rehab Loan. Priced below appraisal. Call for details.

Last Agent to Sell the Property

Ryan Riddell

Keller Williams Community Part License #0000418176 Listed on: 08/30/2022

Keller Williams Community Part

Last Buyer's Agent

Brandy Gibbs

Coldwell Banker Heritage License #2018005813

Coldwell Banker Heritage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,432

Year Built

  • Built in 1964

Lot Details

  • 0.48 Acre Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,719 Sq Ft Home
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Home Office
  • Game Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Baseboard Heating
  • Well

Community Details

  • No Home Owners Association
  • Hillcrest Acres Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,432

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Cooling: Central Air
  • Heating: Baseboard
  • Zoning: Residential
  • Year Built: 1964
  • Above Grade Finished Sq Ft: 1144.0
  • Architecture: Ranch
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Directions: 123 to W. Lomar Ave.
  • GarageYN: Yes
  • Lot Measurement: Square Feet
  • Showing Start Date: 2022-08-27
  • Ownership: Consumer
  • Property Subtype 1: Single Family Residence
  • Street Direction: E
  • StructureType: Detached Home
  • Suburb (SIC): Hillcrest Acres
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Property Type: Residential
  • Basement: Full, Walk Out Access
  • Levels: One
  • Total Bathrooms: 1
  • Fireplace: Wood Burning
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 1719.0
  • Lot Size Area: 20704.0
  • Street Number Modifier: 501

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Other
  • Listing Price: 170000.0
  • Acres: 0.4753
  • New Construction: No

Garage/Parking

  • Garage Spaces: 1.0
  • Parking: Attached

Utilities

  • Sewer: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA Yes/No: No

Schools

  • District: Carlisle Local SD

Lot Info

  • Lot Dimensions: .
  • Lot Size Sq Ft: 20704.0
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Verification: No

Tax Info

  • Tax Annual Amount: 1432.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Oct 12, 2022
Sold by
Porter Brenda S
Bought by
Gardner James Luke
Seller's Agent
Ryan Riddell
Keller Williams Community Part
Buyer's Agent
Brandy Gibbs
Coldwell Banker Heritage
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Views
85
Current Estimated Value
$216,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,163
Avg. Annual Appreciation
7.65%
Original Mortgage
$166,920
Outstanding Balance
$160,191
Interest Rate
5.66%
Mortgage Type
FHA
Estimated Equity
$55,972

Purchase Details

Closed on
Aug 4, 2008
Sold by
Estate Of Cecil H Porter
Bought by
Porter Brenda S
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
Gardner James Luke $170,000 --
Porter Brenda S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardner James Luke $166,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $170,000 -2.9% $99 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $175,000 -- $102 / 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 $2,352 $59,960 $14,540 $45,420
2023 $2,286 $43,823 $9,086 $34,737
2022 $1,483 $43,824 $9,086 $34,738
2021 $1,432 $43,824 $9,086 $34,738
2020 $1,328 $37,139 $7,700 $29,439
2019 $1,348 $37,139 $7,700 $29,439
2018 $1,352 $37,139 $7,700 $29,439
2017 $1,223 $32,484 $6,843 $25,641
2016 $1,069 $32,484 $6,843 $25,641
2015 $1,072 $32,484 $6,843 $25,641
2014 $1,058 $32,480 $6,840 $25,640
2013 $1,054 $40,610 $8,550 $32,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1751485

MLS of Greater Cincinnati (CincyMLS)

APN: 01-33-151-019