NOT LISTED FOR SALE
4 Beds
4 Baths
2,800 Sq Ft
10,106 Sq Ft Lot

Sale Details

Date Sold: October 4, 2023

Last sale price $250,000 $89 Per Sq Ft

6 Days on Market

Highlights

  • City View
  • Oversized Parking
  • Hot Water Heating System
  • Attached Garage

About This Home

As of October 2023

Updated quad in the heart of Reading! Tons of development/rent growth in the neighborhood. 4- 1 bedroom units at market rates. Cash flow day one, plus extra income opportunities on garage rentals. Reading Schools.

Last Agent to Sell the Property

Joseph Cornwell

OwnerLand Realty, Inc. License #2016004000 Listed on: 08/28/2023

OwnerLand Realty, Inc.

Last Buyer's Agent

Christopher Morgan

The Six Realty, LLC License #2019002246

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,940

Year Built

  • Built in 1942

Lot Details

  • 10,106 Sq Ft Lot
  • Lot Dimensions are 56x125

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Double Hung Windows
  • City Views
  • Basement Fills Entire Space Under The House

Parking

  • Attached Garage
  • Oversized Parking
  • Driveway
  • Parking Lot
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System

Community Details

  • Insurance Expense $1,200
  • Gross Income $37,200
  • Net Operating Income $22,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,940

Year Built

Built in 1942

Lot Details

10,106 Sq Ft Lot

Listing Details

  • Suburb: Reading
  • Broker Approved: Yes
  • Cooling: Window Unit
  • Heating: Gas, Radiant, Hot Water
  • Suburb S I C: Reading
  • Price Per Acre: 1077586.21
  • Year Built: 1942
  • Separate Air Condi: Yes
  • Directions: From Reading Rd turn east on Gahl Ter, right on Gorman ln, house on left.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 22416.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • Semi Annual Taxes: 2970
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2800.00
  • Windows: Double Hung, Vinyl
  • One Bedroom Number of Units: 4

Exterior Features

  • View: City
  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 250000.00
  • Acres: 0.2320
  • New Construction: No

Garage/Parking

  • Garage: Built in, Oversized
  • Parking: Lot, Private, Off Street, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 5352

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Dimensions: 56x125
  • Lot Size Sq Ft: 10106.00

Multi Family

  • Gross Income: 37200.00
  • Total Buildings: 1
  • Insurance: 1200.00

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

Listed on
Aug 28, 2023
Closed on
Oct 3, 2023
Sold by
Bought by
Seller's Agent
Joseph Cornwell
OwnerLand Realty, Inc.
Buyer's Agent
Christopher Morgan
The Six Realty, LLC
List Price
$360,000
Sold Price
$250,000
Premium/Discount to List
-$110,000
-30.56%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Outstanding Balance
$230,731
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 15, 2021
Closed on
Nov 16, 2021
Sold by
Bought by
Seller's Agent
Sherry Clements
Howard Hanna Real Estate Serv
Buyer's Agent
Joseph Cornwell
OwnerLand Realty, Inc.
List Price
$230,000
Sold Price
$175,000
Premium/Discount to List
-$55,000
-23.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 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
$130,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 11, 2012
Closed on
Oct 3, 2012
Sold by
Bought by
Seller's Agent
Sherry Clements
Howard Hanna Real Estate Serv
Buyer's Agent
Sherry Clements
Howard Hanna Real Estate Serv
List Price
$45,900
Sold Price
$27,000
Premium/Discount to List
-$18,900
-41.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2004
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
$104,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$250,000 Prodigy Title
-- None Listed On Document
$175,000 None Listed On Document
$61,800 None Available
$27,000 Attorney
-- --
$118,500 --
-- --
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
Open $237,500
Previous Owner $131,250
Previous Owner $130,500
Previous Owner $51,000
Previous Owner $104,000
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 Prior Sale
12/31/2023 12/31/23 Off Market $372,700 -- --
10/04/2023 10/04/23 Sold $250,000 -30.6% $89 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/06/2023 08/06/23 For Sale $360,000 +105.7% $129 / Sq Ft
02/16/2022 02/16/22 Off Market $175,000 -- --
11/16/2021 11/16/21 Sold $175,000 -23.9% -- View Prior Sale
10/12/2021 10/12/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $230,000 +751.9% --
01/07/2013 01/07/13 Off Market $27,000 -- --
10/01/2012 10/01/12 Sold $27,000 -41.2% -- View Prior Sale
04/11/2012 04/11/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $45,900 -- --
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 $5,570 $67,309 $13,860 $53,449
2024 $5,505 $67,309 $13,860 $53,449
2023 $5,622 $67,309 $13,860 $53,449
2022 $5,941 $61,250 $13,356 $47,894
2021 $3,065 $35,102 $13,356 $21,746
2020 $3,036 $35,102 $13,356 $21,746
2019 $3,060 $33,114 $12,600 $20,514
2018 $3,226 $33,114 $12,600 $20,514
2017 $2,992 $33,114 $12,600 $20,514
2016 $856 $9,450 $9,100 $350
2015 $850 $9,450 $9,100 $350
2014 $776 $9,450 $9,100 $350
2013 $764 $9,450 $9,100 $350
Source: Public Records

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1780561

MLS of Greater Cincinnati (CincyMLS)
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