NOT LISTED FOR SALE

8924 Reading Rd Cincinnati, OH 45215

Estimated Value: $359,808

5 Beds
4 Baths
-- Sq Ft
1900 Built

Last Sold May 25, 2018

Last sale price $182,500

Est. 97% increase in value since last sale

Current estimated payment $2,388/month

114 Days on Market

Highlights

  • 1 Car Detached Garage
  • Storage
  • Forced Air Heating System

About This Home

As of May 2018

Well maintained bldg. w/ good street appeal. Zoned 404 retail-apts over. One of the nicest buildings on Reading Rd! Bldg consists of 3 apts and 2 retail storefronts. Detached garage & off street prkg. Easy to rent, currently no leases - all month to month. Rents are well below market. Great location, near wedding dist.

Last Agent to Sell the Property

Pat Adams

Coldwell Banker Realty License #0000301289 Listed on: 01/08/2018

Coldwell Banker Realty

Last Buyer's Agent

Emily Mueller

The Real Estate Alternative License #2010002671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,542

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 56 x 110
  • Aluminum or Metal Fence

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Insurance Expense $1,394
  • Other Expense $7,564
  • Water Sewer Expense $2,768
  • Gross Income $28,200
  • Net Operating Income $11,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,542

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Suburb: Reading
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Individual Laundry, Smoke Alarm
  • Cooling: Window Unit
  • Heating: Gas, Forced Air
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Reading
  • Annual Assessment Amount: of record
  • Public Transportn: Yes
  • Year Built: 1900
  • Appliance Include: 3 frig, 3 stoves, 6 AC units, 3 wash/dry
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: I-75 to Reading exit, R on Benson, L on Reading, 1 blk up on R
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 5
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Apartment 5+
  • Occupancy: Tenant Right
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage Area
  • Net Operating Income: 11712.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Vacancy: 987
  • Gasand Electric: 333
  • Heat Paid: Tenant
  • Lease Information: 2 long trm tenants, apts mnth to mnth
  • Other Features: Busline Near
  • Reciprocal Listing: No
  • School Name1: Call SD 513-554-1800
  • Semi Annual Taxes: 1271
  • Waste Removal: 900
  • Water Paid: Tenant
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Street Number Modifier: 8924
  • Windows: Wood
  • One Bedroom Rent: 475.00
  • One Bedroom Number of Units: 2
  • Two Bedroom Rent: 500.00
  • Two Bedroom Units: 1

Exterior Features

  • Roof: Shingle
  • Construction: Brick, Shingle Siding
  • Outside Features: Metal Fence, Enclosed Patio
  • Foundation: Stone
  • Listing Price: 189900.00
  • New Construction: No

Garage/Parking

  • Garage: Detached
  • Garage Spaces: 1.00
  • Parking: Garage

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2768

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 2542

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Dimensions: 56 x 110

Multi Family

  • Efficiency Rent: 450.00
  • Efficiency Units: 2
  • Gross Income: 28200.00
  • Other Expense: 7564
  • Total Buildings: 1
  • Insurance: 1394.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2018
Closed on
May 25, 2018
Sold by
Jones Lynn H
Bought by
Ruby And Ray Llc
Seller's Agent
Pat Adams
Coldwell Banker Realty
Buyer's Agent
Emily Mueller
The Real Estate Alternative
List Price
$220,000
Sold Price
$182,500
Premium/Discount to List
-$37,500
-17.05%
Current Estimated Value
$359,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,308
Avg. Annual Appreciation
9.66%

Purchase Details

Closed on
Dec 13, 2017
Sold by
Jones Richard B and Jones Lynn H
Bought by
Jones Richard B and Jones Lynn H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ruby And Ray Llc $182,500 American Homeland Title
Jones Richard B -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Off Market $182,500 -- --
05/25/2018 05/25/18 Sold $182,500 -3.9% --
05/02/2018 05/02/18 Pending -- -- --
04/26/2018 04/26/18 Price Changed $189,900 -13.7% --
01/08/2018 01/08/18 For Sale $220,000 -- --
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 $5,678 $68,118 $15,033 $53,085
2023 $5,689 $68,118 $15,033 $53,085
2022 $6,195 $63,876 $14,151 $49,725
2021 $5,576 $63,876 $14,151 $49,725
2020 $5,523 $63,876 $14,151 $49,725
2019 $5,905 $63,876 $13,738 $50,138
2018 $2,765 $28,141 $13,738 $14,403
2017 $2,543 $28,141 $13,738 $14,403
2016 $3,967 $43,800 $10,672 $33,128
2015 $3,941 $43,800 $10,672 $33,128
2014 $3,595 $43,800 $10,672 $33,128
2013 $3,613 $44,692 $10,889 $33,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1564065

MLS of Greater Cincinnati (CincyMLS)

APN: 671-0007-0240