NOT LISTED FOR SALE

Estimated Value: $942,677

-- Bed
-- Bath
-- Sq Ft
1,917 Sq Ft Lot

Last Sold November 07, 2023

Last sale price $895,000

Est. 5% increase in value since last sale

Current estimated payment $7,286/month

34 Days on Market

Highlights

  • City View
  • Deck
  • Forced Air Heating and Cooling System
  • Walnut Hills High School Rated A+
  • Storage
  • 1-minute walk to Piatt Park

About This Home

As of November 2023

Extraordinary opportunity! Strikingly beautiful facade. Historic Lyric Piano building w/unbeatable location in CBD next to the new Kinley Hotel. Street level, 1836 sq.ft. unfinished. 2nd floor, 2,160 sq.ft. currently very nice office w/ reception area, 3 private offices, 1 conference area & restroom, can convert to apartment. 3rd and 4th floors combined 4,320 sq.ft. currently impressive urban owner's unit with 3 BR, roof terrace above

Last Agent to Sell the Property

Lee Robinson

Robinson Sotheby's Internat'l License #0000267189 Listed on: 07/26/2023

Last Buyer's Agent

Lee Robinson

Robinson Sotheby's Internat'l License #0000267189 Listed on: 07/26/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,060

Year Built

  • Built in 1919

Lot Details

  • 1,917 Sq Ft Lot
  • Lot Dimensions are 75x24

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Membrane Roofing

Interior Spaces

  • 3-Story Property
  • Elevator
  • Double Hung Windows
  • Storage
  • City Views
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts

Community Details

  • Water Sewer Expense $1,937
  • Gross Income $60,000
  • Net Operating Income $31,068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,060

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Suburb: City
  • Cross Street: W 7th Street
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Extras: Spiral Staircase
  • Cooling: Central Air
  • Heating: Gas, Forced Air
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: City
  • Annual Assessment Amount: 1050.83 For/DCI Spec Imp
  • Price Per Acre: 20340909.09
  • Year Built: 1919
  • School 1 Type: District Phone
  • Directions: On Race Street, just south of 7th Street, next to the new Kinley Hotel on the corner of Race and 7th Street
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 3
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Triplex
  • Occupancy: At Closing
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Security System, Elevator, Fire Sprinkler, 220 Volt, Storage Area
  • Net Operating Income: 31068.00
  • Property Type: Residential Income
  • Gasand Electric: 9164
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: 8029.95
  • Waste Removal: 678
  • Basement: Full
  • Levels: Three
  • Fireplace: None
  • Windows: Other, Double Hung
  • One Bedroom Rent: 1800.00
  • One Bedroom Sq Ft: 2160
  • Two Bedroom Units: 1
  • Three+ Bedroom Rent: 3200.00
  • Three+ Bedroom Sq Ft: 4320
  • Three+ Bedroom Units: 1

Exterior Features

  • View: City
  • Roof: Membrane
  • Construction: Brick
  • Outside Features: Deck
  • Foundation: Poured
  • Listing Price: 895000.00
  • Acres: 0.0440
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking: Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 1937

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 17153

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: 75x24
  • Lot Size Sq Ft: 1917.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 60000.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Nov 7, 2023
Sold by
Collins David S and Collins Sarah A
Bought by
Appelman Properties Llc
Seller's Agent
Lee Robinson
Robinson Sotheby's Internat'l
Buyer's Agent
Lee Robinson
Robinson Sotheby's Internat'l
List Price
$995,000
Sold Price
$895,000
Premium/Discount to List
-$100,000
-10.05%
Total Days on Market
34
Views
142
Current Estimated Value
$942,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,677
Avg. Annual Appreciation
3.32%
Original Mortgage
$671,250
Outstanding Balance
$664,467
Interest Rate
8.88%
Mortgage Type
New Conventional
Estimated Equity
$278,210

Purchase Details

Closed on
Jan 24, 2018
Sold by
Collins David S and Rice Collins Sarah A
Bought by
Collins David S and Rice Collins Sarah A

Purchase Details

Closed on
Oct 16, 2006
Sold by
Hardees Food Systems Inc
Bought by
Collins David S and Rice Collins Sarah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
6.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2005
Sold by
Sandelman Sanford
Bought by
Hardees Food Systems Inc

Purchase Details

Closed on
Jul 21, 1995
Sold by
Western And Southern Life Insurance Co
Bought by
Sandelman Sanford and Esue Trust
Source: Public Records

Range of Values:

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Average Value
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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
Appelman Properties Llc $895,000 None Listed On Document
Collins David S -- None Available
Collins David S $150,000 Landamerica Title Ins Co
Hardees Food Systems Inc -- None Available
Sandelman Sanford -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Appelman Properties Llc $671,250
Previous Owner Collins David S $48,500
Previous Owner Collins David S $388,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2024 01/28/24 Off Market $895,000 -- --
11/07/2023 11/07/23 Sold $895,000 -10.1% --
08/30/2023 08/30/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $995,000 -- --
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 $27,394 $318,833 $66,528 $252,305
2023 $27,326 $318,833 $66,528 $252,305
2022 $17,153 $177,335 $61,303 $116,032
2021 $16,860 $177,335 $61,303 $116,032
2020 $16,942 $177,335 $61,303 $116,032
2019 $17,279 $167,297 $57,834 $109,463
2018 $17,213 $167,297 $57,834 $109,463
2017 $7,706 $167,297 $57,834 $109,463
2016 $6,918 $158,652 $56,679 $101,973
2015 $5,966 $158,652 $56,679 $101,973
2014 $5,947 $158,652 $56,679 $101,973
2013 $6,062 $161,889 $57,834 $104,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1779221

MLS of Greater Cincinnati (CincyMLS)

APN: 077-0002-0011