NOT LISTED FOR SALE

5200 Carthage Ave Cincinnati, OH 45212

-- Bed
-- Bath
-- Sq Ft
0.53 Acres

Last Sold November 30, 2020

Last sale price $595,000

1 Day on Market

Highlights

  • 0.53 Acre Lot
  • Heating System Uses Steam
  • Coin Laundry
  • Baseboard Heating

About This Home

As of November 2020

Conveniently located all brick apartment building in Norwood features 13 apartments and 2 retail/warehouse units. Open floorplans with hardwood floors. Tenant paid heat. All tenants are month to month and rents have room to increase. Ample parking. 2 parcels. Agent related to seller. Easy to rent.

Last Agent to Sell the Property

Kristin Castillo

Comey & Shepherd License #2019003397 Listed on: 07/28/2020

Comey & Shepherd

Last Buyer's Agent

Vimal Patel

Moxy Realty License #2016002522

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,236

Year Built

  • Built in 1955

Lot Details

  • 0.53

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Home Security

Parking

  • 20 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Steam

Community Details

Building Details

  • Insurance Expense $1,238
  • Maintenance Expense $2,400
  • Water Sewer Expense $7,346
  • Gross Income $72,500
  • Net Operating Income $46,694

Additional Features

  • Coin Laundry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,236

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Suburb: Norwood
  • Cross Street: Lawn
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry, Smoke Alarm
  • Census Tract Realist: 252.00
  • Cooling: Window Unit
  • Heating: Hot Water, Baseboard
  • Lot Area Realist: 16030.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Norwood
  • Annual Assessment Amount: Of Record
  • Price Per Acre: 1122641.51
  • Public Transportn: Yes
  • Year Built: 1955
  • Appliance Include: 13 Stoves, 13 Refrigerators
  • Separate Air Condi: Yes
  • School 1 Type: District Phone
  • Directions: Montgomery Rd to Ross to Carthage
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 15
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 46694.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Vacancy: 3600
  • Efficiency Sq Ft: 400
  • Gasand Electric: 2400
  • Heat Paid: Owner
  • Lease Information: All Units Month to Month
  • Other Features: Corner Lot, Busline Near
  • Other Tax Parcel I D: 6510008018200
  • Reciprocal Listing: No
  • School Name1: Call SD 513-396-5520
  • Semi Annual Taxes: 3618
  • Waste Removal: 1364
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Aluminum
  • One Bedroom Rent: 575.00
  • One Bedroom Sq Ft: 500
  • One Bedroom Number of Units: 11
  • Two Bedroom Rent: 650.00
  • Two Bedroom Sq Ft: 800
  • Two Bedroom Units: 1

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Block
  • Listing Price: 599900.00
  • Acres: 0.5300
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 20
  • Parking: Lot, Off Street

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 7346

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 2400.00

Fee Information

  • Taxes: 7458

Schools

  • District: Norwood City SD

Lot Info

  • Lot Dimensions: 16,300
  • Lot Size Sq Ft: 23087.00

Multi Family

  • Efficiency Rent: 500.00
  • Efficiency Units: 1
  • Gross Income: 72500.00
  • Total Buildings: 1
  • Insurance: 1238.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Nov 30, 2020
Sold by
Sterling Mgmt Llc
Bought by
Radiance Group Ohio Llc
Seller's Agent
Kristin Castillo
Comey & Shepherd
Buyer's Agent
Vimal Patel
Moxy Realty
List Price
$599,900
Sold Price
$595,000
Premium/Discount to List
-$4,900
-0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Outstanding Balance
$31,658
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 2, 2014
Closed on
Apr 3, 2015
Sold by
Onyx Property Management Inc
Bought by
Sterling Mgmt Llc
Seller's Agent
Jim Haven
Sibcy Cline, Inc.
Buyer's Agent
Jim Haven
Sibcy Cline, Inc.
List Price
$285,000
Sold Price
$262,500
Premium/Discount to List
-$22,500
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.53%
Original Mortgage
$205,000
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2001
Sold by
Robinson Jeff J and Robinson Susan T
Bought by
Ohio Property Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
7.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 1998
Sold by
Nath Surindra and Nath Veena
Bought by
Robinson Jeff J and Alpine Management
Source: Public Records

Range of Values:

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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
Radiance Group Ohio Llc $595,000 Agility Closing And Ttl Svcs
Sterling Mgmt Llc $262,500 Attorney
Ohio Property Management Inc $251,000 --
Robinson Jeff J $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radiance Group Ohio Llc $446,250
Previous Owner Sterling Mgmt Llc $205,000
Previous Owner Ohio Property Management Inc $236,000
Previous Owner Ohio Property Management Inc $407,000
Previous Owner Robinson Jeffrey J $239,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Off Market $595,000 -- --
11/30/2020 11/30/20 Sold $595,000 -0.8% --
07/29/2020 07/29/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $599,900 +128.5% --
07/05/2015 07/05/15 Off Market $262,500 -- --
04/03/2015 04/03/15 Sold $262,500 -7.9% --
02/09/2015 02/09/15 Pending -- -- --
09/02/2014 09/02/14 For Sale $285,000 -- --
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
2024 $14,145 $205,534 $34,580 $170,954
2023 $31,467 $205,534 $34,580 $170,954
2022 $7,602 $205,874 $30,671 $175,203
2021 $7,534 $205,874 $30,671 $175,203
2020 $7,233 $95,929 $30,671 $65,258
2019 $7,266 $89,653 $28,665 $60,988
2018 $7,296 $89,653 $28,665 $60,988
2017 $7,089 $89,653 $28,665 $60,988
2016 $6,890 $81,127 $28,665 $52,462
2015 $6,255 $81,127 $28,665 $52,462
2014 $6,225 $81,127 $28,665 $52,462
2013 $5,856 $81,127 $28,665 $52,462
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kristin Castillo

    Comey & Shepherd

    Section Image

  • V

    Buyer's Agent in 2020

    Vimal Patel

    Moxy Realty

    Section Image
  • Jim Haven

    Seller's Agent in 2015

    Jim Haven

    Sibcy Cline

    (513) 368-2596

    8 Total Sales

    Jim Haven
    Section Image
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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1670193

MLS of Greater Cincinnati (CincyMLS)

APN: 651-0008-0146

Ohio Hamilton County Cincinnati 45212

5200 Carthage Ave, Cincinnati, OH

This home is located at 5200 Carthage Ave, Cincinnati, OH 45212 since 28 July 2020. This property was built in 1955. 5200 Carthage Ave is a home located in Hamilton County with nearby schools including Norwood High School, Cornerstone Christian Academy, and Immaculate Conception Academy.

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