NOT LISTED FOR SALE

542 Prospect Place Cincinnati, OH 45229

Avondale Neighborhood
-- Bed
-- Bath
13,464 Sq Ft
0.32 Acres

Last Sold August 09, 2016

Last sale price $360,000 $27 Per Sq Ft

68 Days on Market

Highlights

  • 0.32 Acre Lot
  • Walnut Hills High School Rated A+
  • Coin Laundry

About This Home

As of August 2016

100% Occupied 12 Unit Apartment Building with 65% Guaranteed Rents paid by CMHA.Consists of Two, Three, and Four Bedrooms unique to this area New Roof, Windows, Kitchens, Flooring,Water Tank, and Updated units. Entire Building was Lead abated in 2013. Over 100K in certifiable rents. Coin Laundry Available on Site.Off Street Parking.10.4 Cap|3.4GRM

Last Agent to Sell the Property

Tryfon Christoforou

3CRE Residential Advisors, LLC License #2021003683 Listed on: 03/16/2016

3CRE Residential Advisors, LLC

Last Buyer's Agent

Rick Louallen

Coldwell Banker Realty License #0000365995

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1929

Lot Details

  • 0.32

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Membrane Roofing

Interior Spaces

  • 3-Story Property
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Home Security

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Separate Meters
  • Cable TV Available

Community Details

Building Details

  • Insurance Expense $5,256
  • Maintenance Expense $15,250
  • Other Expense $10,222
  • Water Sewer Expense $10,026
  • Gross Income $128,608
  • Net Operating Income $41,586

Additional Features

  • Coin Laundry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1929

Lot Details

0

Parking

6

Listing Details

  • Suburb: Avondale
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Tax Rate: of record
  • Miscellaneous: Coin Laundry, Cable TV, Smoke Alarm
  • Census Tract Realist: 270.00
  • Cooling: Window Unit
  • Heating: Radiant
  • Lot Area Realist: 13852.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Avondale
  • Annual Assessment Amount: of record
  • Price Per Acre: 1132075.47
  • Year Built: 1929
  • Appliance Include: Stove, refrigerator
  • Separate Air Condi: No
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: North on Reading Road. L on prospect Place. Property on the R hand side.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 12
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: Tenant Right
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 41586.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Vacancy: 12460
  • Gasand Electric: 20160
  • Heat Paid: Owner
  • Lease Information: MTM, 1YR
  • Other Features: Busline Near
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: of record
  • Waste Removal: 1409
  • Water Paid: Owner
  • Basement: Full
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Insulated, Vinyl
  • Two Bedroom Rent: 671.00
  • Two Bedroom Units: 2
  • Three+ Bedroom Rent: 904.00
  • Three+ Bedroom Units: 10

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 399000.00
  • Acres: 0.3180
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 6.00
  • Parking Spaces: 6
  • Parking: Lot, Private, Off Street

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 10026

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 15250.00

Fee Information

  • Taxes: 12239

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: of record
  • Lot Size Sq Ft: 13852.00

Multi Family

  • Gross Income: 128608.00
  • Other Expense: 10222
  • Total Buildings: 1
  • Insurance: 5256.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2016 11/07/16 Off Market $360,000 -- --
08/09/2016 08/09/16 Sold $360,000 -9.8% $27 / Sq Ft
03/16/2016 03/16/16 For Sale $399,000 +299.0% $30 / Sq Ft
10/23/2012 10/23/12 Off Market $100,000 -- --
07/24/2012 07/24/12 Sold $100,000 -42.8% $7 / Sq Ft View Prior Sale
06/15/2012 06/15/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $174,950 -- $13 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tryfon Christoforou

    Seller's Agent in 2016

    Tryfon Christoforou

    3CRE Residential Advisors, LLC

    (513) 600-6168

    1 in this area

    48 Total Sales

    Tryfon Christoforou
    Section Image
  • Rick Louallen

    Buyer's Agent in 2016

    Rick Louallen

    Coldwell Banker Realty

    (513) 237-1824

    40 Total Sales

    Rick Louallen
    Section Image

  • S

    Seller's Agent in 2012

    Stasiu Geleszinski

    Capstone Apartment Partners

See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1485560

MLS of Greater Cincinnati (CincyMLS)
Ohio Hamilton County Cincinnati 45229 Avondale

542 Prospect Place, Cincinnati, OH

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