NOT LISTED FOR SALE

5500 Drake Rd Cincinnati, OH 45243

Estimated Value: $2,191,000 - $3,381,045

5 Beds
10 Baths
5,040 Sq Ft
$551/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $1,357,500 $269 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $16,951/month

114 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • View of Trees or Woods
  • Traditional Architecture
  • Indian Hill Elementary School Rated A
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of September 2019

Substantial 5000+ sq ft brick Federal-style 5BR/5+2BA main house plus a 1BR/2BA guest house on 4.2 serene acres on sought-after southern Drake adjoining the Nature Conservancy & Red Bird Hollow. High ceilings. Hardwood floors. Wonderful woodwork & windows galore. Handsome wood-paneled library/pub. Dreamy Gunite pool. Pond. 4-car built-in garage.

Last Agent to Sell the Property

David Wellinghoff

Comey & Shepherd License #2007002258 Listed on: 03/25/2019

Comey & Shepherd

Co-Listed By

Lori Wellinghoff

Comey & Shepherd License #2004006313

Last Buyer's Agent

Judy Recker

Sibcy Cline, Inc. License #0000241371

Sibcy Cline, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,139

Year Built

  • Built in 1991

Lot Details

  • 4.02

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Marble Fireplace
  • Brick Fireplace
  • Gas Fireplace
  • French Doors
  • Panel Doors
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Solid Wood Cabinet
  • Trash Compactor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Covered Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,139

Year Built

Built in 1991

Lot Details

0

Parking

4

Listing Details

  • Suburb: Indian Hill
  • Buildings: Pool House,Shed
  • Land Description: 1 to 4.9 Acres
  • Access: City Street
  • Broker Approved: Yes
  • Miscellaneous: 220 Volt,Fountain,Home Warranty,Laundry Chute,Recessed Lights,Smoke Alarm,Tech Wiring
  • Basement Sq Ft: 2640
  • Census Tract Realist: 244.00
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Lot Area Realist: 174893.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Indian Hill
  • Basement Features: Fireplace,Part Finished,Walkout,WW Carpet
  • Bathroom 4: Full
  • Bathroom 4 Level: Lower
  • Level 1 Bathroom Type: Full,Partial
  • Level 1 Bathroom: Yes
  • Bedroom 5 Area: 252
  • Level 1 Bedroom: No
  • Breakfast Room Area: 198
  • Dining Room Feat: Chair Rail,French Doors,Window Treatment,Wood Floor
  • Entry Area: 378
  • Entry Foyer: Closet,Tile Floor,Transom/Sidelit
  • Family Room Feat: Fireplace,French Doors,Walkout,Window Treatment,WW Carpet,Other
  • Living Great Rm Area: 378
  • Living Great Rm Dim: 21 x 18
  • Living Great Rm Len: 21
  • Living Great Rm Wid: 18
  • Living Room Feat: Bookcases,Fireplace,Window Treatment,Wood Floor
  • Mechanical Systems: Garage Door Opener,Intercom,Security System
  • Single Family Desc: Single Family
  • Study Lib Den: 21x13 Level: 1
  • Study Lib Den Area: 273
  • Study Lib Den Dim: 21 x 13
  • Study Lib Den Len: 21
  • Water Heating: Gas
  • Year Built: 1991
  • School 1 Type: District Phone
  • Architecture: Traditional
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Bedrooms: 5
  • Directions: Drake Rd between Graves Rd & Indian Hill Rd.
  • Lot Measurement: Acres
  • Status: Sold
  • Showing Start Date: 2019-03-25
  • Property Subtype 1: Single Family Residence
  • Occupancy: Negotiable
  • Second Floor Area: 2400
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 9Ft + Ceiling, Crown Molding, French Doors, Multi Panel Doors
  • Bedroom 2: 17x14 Level: 2
  • Bedroom 3: 14x12 Level: 2
  • Bedroom 4: 16x12 Level: 2
  • Bedroom 5: 18x14 Level: Lower
  • Breakfast Room: 18x11 Level: 1
  • Dining Room: 19x14 Level: 1
  • Family Room: 21x20 Level: 1
  • Living Room: 21x18 Level: 1
  • Recreation Room: 42x21 Level: 1
  • Formal Dining Room: Yes
  • Flex Rooms: Exercise Room,GuestSuite w/o Ktchn
  • Property Type: Residential
  • Reciprocal Listing: No
  • School Name1: Call SD 513-272-4500
  • Semi Annual Taxes: 11,069.47
  • Kitchen: 18x12 Level: 1
  • Appliances: Dishwasher, Double Oven, Dryer, Gas Cooktop, Microwave, Refrigerator, Trash Compactor, Washer, Wine Cooler
  • Kitchen Features: Counter Bar,Eat-In,Island,Pantry,Walkout,Wood Cabinets,Wood Floor
  • Bedroom 2 Area: 238
  • Basement: Full
  • Bedroom 3 Area: 168
  • Study Features: Bookcases,Panel Walls,Wet/Dry Bar,Window Treatment,WW Carpet
  • Bedroom 4 Area: 192
  • Entry: 27x14 Level: 1
  • Bathrooms: 10.00
  • Kitchen Area: 216
  • Kitchen Dim: 18 x 12
  • Levels: Two
  • Zero Selling Price: No
  • Bathroom 1: Full
  • Level 1 Bath: 2
  • Bathroom 2: Full
  • Bathroom 2 Level: 1
  • Bathroom 3: Full
  • Bathroom 3 Level: 2
  • Diningroom Area: 266
  • Family Room Area: 420
  • Laundry Room: 10x9 Level: 1
  • Laundry Room Area: 90
  • Laundryroom Dim: 10 x 9
  • Recreation Room Area: 882
  • Recreation Room Dim: 42 x 21
  • Fireplace: Brick, Gas, Marble
  • Fireplaces: 3
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 5040.00
  • Total Rooms: 13
  • Windows: Bay/Bow, Wood
  • First Floor Family Room: Yes
  • PrimaryBedroomArea: 256
  • PrimaryBedroomDim: 16 x 16
  • PrimaryBedroomLen: 16
  • Primary Bathrooms: Built-In Shower Seat,Double Vanity,Shower,Tile Floor,Jetted Tub,Window Treatment
  • PrimaryBedFeat: Bath Adjoins,Dressing Area,Sitting Room,Walk-in Closet,Walkout,Window Treatment,WW Carpet
  • P R I M A R Y B E D R O O M: 16x16 Level: 2

Exterior Features

  • View: Lake/Pond, Woods
  • Roof: Shingle
  • Pool: Cleaner,Gunite,In-Ground
  • Construction: Brick
  • Outside Features: Balcony, Covered Deck/Patio, Patio, Wooded Lot
  • Foundation: Poured
  • Listing Price: 1495000.00
  • New Construction: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage Carport: Oversized,Side
  • Parking: Driveway

Utilities

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

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: Indian Hill Ex Vill

Lot Info

  • Lot Dimensions: Of Record
  • Total Assessed Value: Of Record
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Abatement: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Castellini Robert S and Castellini Jennifer N
Bought by
Castellini Robert S and Castellini Jennifer N
Current Estimated Value
$2,774,761

Purchase Details

Listed on
Mar 25, 2019
Closed on
Sep 11, 2019
Sold by
Masters John G and Masters Margeret H
Bought by
Castellini Robert S
Seller's Agent
David Wellinghoff
Comey & Shepherd
Buyer's Agent
Judy Recker
Sibcy Cline, Inc.
List Price
$1,543,000
Sold Price
$1,357,500
Premium/Discount to List
-$185,500
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$1,086,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2016
Sold by
Masters John G and Masters Margaret H
Bought by
Masters John G and Masters Trust

Purchase Details

Closed on
May 6, 1998
Sold by
Jessee James D and Jesse Elizabeth W
Bought by
Masters John G and Masters Margaret H

Purchase Details

Closed on
Dec 5, 1997
Sold by
Jessee James D and Jessee Elizabeth W
Bought by
City Of Indian Hill
Source: Public Records

Range of Values:

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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
Castellini Robert S -- None Listed On Document
Castellini Robert S $1,357,500 None Available
Masters John G $1,350,000 --
City Of Indian Hill -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castellini Robert S $1,086,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2019 12/10/19 Off Market $1,357,500 -- --
09/11/2019 09/11/19 Sold $1,357,500 -9.2% $269 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
07/15/2019 07/15/19 Price Changed $1,495,000 -3.1% $297 / Sq Ft
03/25/2019 03/25/19 For Sale $1,543,000 -- $306 / Sq Ft
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 $26,879 $749,343 $319,186 $430,157
2023 $26,891 $749,343 $319,186 $430,157
2022 $20,743 $475,126 $231,501 $243,625
2021 $20,298 $475,126 $231,501 $243,625
2020 $17,711 $475,126 $231,501 $243,625
2019 $22,110 $540,439 $231,501 $308,938
2018 $22,139 $540,439 $231,501 $308,938
2017 $21,375 $540,439 $231,501 $308,938
2016 $23,184 $577,791 $241,339 $336,452
2015 $22,971 $577,791 $241,339 $336,452
2014 $21,903 $577,791 $241,339 $336,452
2013 $22,953 $583,625 $243,775 $339,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1615042

MLS of Greater Cincinnati (CincyMLS)

APN: 529-0090-0001