NOT LISTED FOR SALE

5409 Carthage Ave Cincinnati, OH 45212

Norwood Area
Studio
-- Bath
2,187 Sq Ft
10,585 Sq Ft Lot

Sale Details

Date Sold: July 30, 2021

Last sale price $485,000 $222 Per Sq Ft

4 Days on Market

Highlights

  • 0.24 Acre Lot
  • Coin Laundry
  • 4-minute walk to Hunter Park
  • 2 Car Detached Garage

About This Home

As of July 2021

Nice and very well maintained 10 units. Two family in front with a brick 8 unit built on to the rear. Very nice set up. Close to Retail, Shopping, Hospitals etc.. 100% occupied with happy tenants. Nothing to do but collect rents. 2-2 bedrooms and 8-1 bedrooms. Seller paid heat and water. Tenants pay their own electric. Very good and stable long term investment property.

Last Agent to Sell the Property

Rick Louallen

Coldwell Banker Realty License #0000365995 Listed on: 05/21/2021

Coldwell Banker Realty

Last Buyer's Agent

Rick Louallen

Coldwell Banker Realty License #0000365995 Listed on: 05/21/2021

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,556

Year Built

  • Built in 1960

Lot Details

  • 10,585

Parking

  • 2 Car Detached Garage
  • 8 Open Parking Spaces
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2,187 Sq Ft Home
  • 3-Story Property
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Coin Laundry
  • Gross Income $78,900

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,556

Year Built

Built in 1960

Lot Details

10,585 Sq Ft Lot

Parking

2

Listing Details

  • Suburb: Norwood
  • Cross Street: Quatman Ave.
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 252.00
  • Cooling: Wall Unit
  • Heating: Gas
  • Lot Area Realist: 10585.00
  • Suburb S I C: Norwood
  • Price Per Acre: 1995884.77
  • Year Built: 1960
  • Appliance Include: Stoves, refrigerators, A/C units,...
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Turn right onto Northcutt Ave. Continue onto Worth Ave Turn left onto Carthage Ave. Destination will be on the left.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 10
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: Tenant Right
  • Second Floor Area: 972
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Property Type: Residential Income
  • Separate Furnace: No
  • Heat Paid: Owner
  • Lease Information: Varied.
  • Reciprocal Listing: No
  • School Name1: Call SD 513-396-5520
  • Semi Annual Taxes: 5,278
  • Water Paid: Owner
  • Basement: Full
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2187.00
  • Windows: Insulated
  • One Bedroom Number of Units: 8
  • Two Bedroom Units: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 475000.00
  • Acres: 0.2430
  • New Construction: No

Garage/Parking

  • Garage: Detached
  • Garage Spaces: 2.00
  • Parking Spaces: 8
  • Parking: Private, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: Norwood City SD

Lot Info

  • Lot Dimensions: 68 x 173
  • Lot Size Sq Ft: 10585.00

Multi Family

  • Gross Income: 78900.00
  • Total Buildings: 2

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
May 21, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Rick Louallen
Coldwell Banker Realty
Buyer's Agent
Rick Louallen
Coldwell Banker Realty
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 8, 2021
Sold by
Bought by
Seller's Agent
Rick Louallen
Coldwell Banker Realty
Buyer's Agent
Rick Louallen
Coldwell Banker Realty
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2021
Sold by
Bought by

Purchase Details

Listed on
Mar 17, 2018
Closed on
Jul 23, 2018
Sold by
Bought by
Seller's Agent
Vimal Patel
Moxy Realty
Buyer's Agent
Rick Louallen
Coldwell Banker Realty
List Price
$403,000
Sold Price
$400,000
Premium/Discount to List
-$3,000
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
0.046%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 31, 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
$203,200
Interest Rate
0.061%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2002
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
$204,000
Interest Rate
0.0687%
Mortgage Type
Commercial
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 Available
-- None Listed On Document
$250 None Listed On Document
$400,000 None Available
$254,000 --
$255,000 --
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 $388,000
Previous Owner $234,000
Previous Owner $186,000
Previous Owner $203,200
Previous Owner $204,000
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
11/10/2021 11/10/21 Off Market $485,000 -- --
07/30/2021 07/30/21 Sold $485,000 +2.1% $222 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $475,000 +18.8% $217 / Sq Ft
10/23/2018 10/23/18 Off Market $400,000 -- --
07/24/2018 07/24/18 Sold $400,000 -0.7% $183 / Sq Ft View Prior Sale
06/06/2018 06/06/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $403,000 0.0% $184 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
03/17/2018 03/17/18 For Sale $403,000 -- $184 / Sq Ft
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 $10,411 $150,931 $15,117 $135,814
2024 $10,377 $150,931 $15,117 $135,814
2023 $10,409 $150,931 $15,117 $135,814
2022 $13,380 $169,751 $14,613 $155,138
2021 $10,996 $140,001 $14,613 $125,388
2020 $10,556 $140,001 $14,613 $125,388
2019 $11,316 $140,001 $12,597 $127,404
2018 $6,698 $82,443 $12,597 $69,846
2017 $6,497 $82,443 $12,597 $69,846
2016 $7,016 $82,776 $12,919 $69,857
2015 $6,382 $82,776 $12,919 $69,857
2014 $6,338 $82,776 $12,919 $69,857
2013 $6,478 $89,975 $14,042 $75,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1701444

MLS of Greater Cincinnati (CincyMLS)
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