NOT LISTED FOR SALE

53 Gorman Ln Reading, OH 45215

Studio
-- Bath
-- Sq Ft
5,489 Sq Ft Lot

Sale Details

Date Sold: December 13, 2021

Last sale price $238,000

23 Days on Market

About This Home

As of December 2021

Location! These two four families are in the perfect location on a quiet street. They stay full and are in great condition. This one and 55 Gorman are being sold as a pair. New roofs, and windows for both buildings. Window A/C in some and built in A/C in others. Plenty of parking and garages are used by tenants as well.

Last Agent to Sell the Property

Ruth Flath

Comey & Shepherd License #2012000463 Listed on: 10/08/2021

Last Buyer's Agent

Staci Shelby

Keller Williams Seven Hills Re License #2020000870

Keller Williams Seven Hills Re

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,008

Year Built

  • Built in 1942

Lot Details

  • 5,489 Sq Ft Lot
  • Lot Dimensions are 64.96 x 125

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Water Sewer Expense $2,164
  • Gross Income $27,600
  • Net Operating Income $20,931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,008

Year Built

Built in 1942

Lot Details

5,489 Sq Ft Lot

Parking

2

Listing Details

  • Suburb: Reading
  • Cross Street: Gahl
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 232.10
  • Cooling: Window Unit
  • Heating: Radiant
  • Lot Area Realist: 5489.00
  • Suburb S I C: Reading
  • Price Per Acre: 1888888.89
  • Year Built: 1942
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Reading Rd to Gahl, at stop sign make right, buildings on right
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: At Closing
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 20931.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 1833
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • School Name1: Call SD 513-554-1800
  • Semi Annual Taxes: $2504
  • Waste Removal: 168
  • Water Paid: Owner
  • Basement: Partial
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Vinyl
  • One Bedroom Rent: 575.00
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Block
  • Listing Price: 245000.00
  • Acres: 0.1260
  • New Construction: No

Garage/Parking

  • Garage: Built in,Rear
  • Garage Spaces: 2.00
  • Parking Spaces: 4
  • Parking: Lot, Garage

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2164

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 2504

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Dimensions: 64.96 x 125
  • Lot Size Sq Ft: 5489.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 27600.00
  • Total Buildings: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
0.0646%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 23, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
0.0646%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 8, 2021
Closed on
Dec 13, 2021
Sold by
Bought by
Seller's Agent
Ruth Flath
Comey & Shepherd
Buyer's Agent
Staci Shelby
Keller Williams Seven Hills Re
Sold Price
$238,000

Purchase Details

Closed on
Jun 27, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,125
Interest Rate
0.046%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 30, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2001
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$300,000 None Listed On Document
-- Krafte-Jacobs Eli N
-- None Available
$165,500 None Available
$75,000 None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $225,000
Closed $124,125
Closed $87,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/14/2022 03/14/22 Off Market $238,000 -- --
12/13/2021 12/13/21 Sold $238,000 -2.9% --
11/01/2021 11/01/21 Pending -- -- --
10/26/2021 10/26/21 For Sale -- -- --
10/10/2021 10/10/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $245,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,702 $56,284 $9,240 $47,044
2023 $4,701 $56,284 $9,240 $47,044
2022 $2,809 $28,963 $8,904 $20,059
2021 $2,528 $28,963 $8,904 $20,059
2020 $2,504 $28,963 $8,904 $20,059
2019 $2,426 $26,250 $8,400 $17,850
2018 $2,435 $26,250 $8,400 $17,850
2017 $3,542 $39,197 $8,400 $30,797
2016 $3,765 $41,573 $11,592 $29,981
2015 $3,740 $41,573 $11,592 $29,981
2014 $3,412 $41,573 $11,592 $29,981
2013 $3,653 $45,189 $12,600 $32,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1718487

MLS of Greater Cincinnati (CincyMLS)
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