Seller's Agent in 2025
Michelle Schmit
Plum Tree Realty
(513) 680-7408
1 in this area
6 Total Sales
513 Lake Ave Franklin, OH 45005
4
Beds
1
Bath
1,200
Sq Ft
1950
Built
Highlights
- City View
- No HOA
- Forced Air Heating and Cooling System
- Main Floor Bedroom
- 2 Car Detached Garage
- Concrete Flooring
About This Home
As of July 2025Charming 4-Bedroom Home with Inground Pool & Endless Potential! Welcome to 513 Lake Ave, a spacious 4-bedroom, 1-bath home located in the heart of Franklin. This property offers a unique opportunity for investors, flippers, or homeowners looking to personalize their space. Featuring a large unfinished basement with room to expand, this home is bursting with potential. Step inside to find generously sized bedrooms, a functional layout. The backyard is a hidden gem, boasting an inground pool that just needs a new liner to be summer-ready. With some updates and vision, this property can truly shine. Conveniently located near schools, parks, shopping, and major highways.
Last Agent to Sell the Property
Plum Tree Realty License #2020007261 Listed on: 06/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,108
Year Built
- Built in 1950
Lot Details
- Wood Fence
- Aluminum or Metal Fence
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Driveway
Home Design
- Block Foundation
- Asbestos Shingle Roof
- Aluminum Siding
Interior Spaces
- 1,200 Sq Ft Home
- 2-Story Property
- Vinyl Clad Windows
- Concrete Flooring
- City Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Not Available
- Electric Water Heater
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 26, 2025
Closed on
Jul 23, 2025
Sold by
Berger Erwin Gerald and Berger Jerry E
Bought by
Smith Levi S
Seller's Agent
Michelle Schmit
Plum Tree Realty
Buyer's Agent
Michelle Schmit
Plum Tree Realty
List Price
$145,000
Sold Price
$140,000
Premium/Discount to List
-$5,000
-3.45%
Views
46
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
247.39%
Original Mortgage
$133,000
Outstanding Balance
$133,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$37,867
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $133,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $140,000 | -3.4% | $117 / Sq Ft |
| 06/28/2025 06/28/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | For Sale | $145,000 | -- | $121 / Sq Ft |
Source: MLS of Greater Cincinnati (CincyMLS)
Tax History Compared to Growth
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 | $2,108 | $47,680 | $10,510 | $37,170 |
| 2023 | $1,670 | $37,373 | $6,958 | $30,415 |
| 2022 | $1,641 | $37,373 | $6,958 | $30,415 |
| 2021 | $1,565 | $37,373 | $6,958 | $30,415 |
| 2020 | $1,339 | $29,897 | $5,565 | $24,332 |
| 2019 | $1,233 | $29,897 | $5,565 | $24,332 |
| 2018 | $1,050 | $29,897 | $5,565 | $24,332 |
| 2017 | $1,296 | $29,225 | $5,523 | $23,702 |
| 2016 | $1,318 | $29,225 | $5,523 | $23,702 |
| 2015 | $1,318 | $29,225 | $5,523 | $23,702 |
| 2014 | $1,165 | $29,230 | $5,520 | $23,700 |
| 2013 | $1,000 | $32,720 | $6,180 | $26,540 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Schmit
Map
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1846027
APN: 02-04-234-014
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