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5207 Montgomery Road

5207 Montgomery Road, Cincinnati, OH 45212
Commercial in Norwood
Sold Jun 08, 2023
$105,000,000
$157,500 by Cinfed Fed Credit Union
Mortgage Due Jun 01, 2038
Sold Mar 06, 2017
Transfer
$256,000 by Us Bank Na
Mortgage
Local assessors in Cincinnati, OH have categorized 5207 Montgomery Road as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 7,667 square feet. The linear feet between the front and back of the lot was measured at 1,403 ft and the front of the lot was measured at 565 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5207 Montgomery Road has a total of 2,660 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a unknown that is 1,330 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5207 Montgomery Road sold most recently in May 31, 2023 for a total of $105,000,000. If you work out the math, that's approximately a cost of $39,473.68 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,075 in taxes each year. The initial year of tax delinquency occurred in 2021. 5207 Montgomery Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $73,500. If we break it down further, the land itself was valued at $10,640. Improvements to the property, however, were assessed at a total of $62,860. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding
Aluminum Siding

Parking

On-Street Parking
Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 4
  • Basement Area: 1,330
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,667
  • Lot Size Depth Feet: 1,403
  • Lot Size Frontage Feet: 565
  • Total Building Area: 2,660
  • Building Area: 2,660

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,660
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FELDMANN SUB
  • Land Acres: 0.176
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 56.50 X 140.30 IRR LOT 27 H FELDMANN SUB

Ownership

  • Current Owner : FRACTIONAL MONTGOMERY LLC
  • Previous Owner : MONTGOMERY AFFINITY LLC
  • Owner Before Previous Owner: WYRICK JOHN EARL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Norwood City School District
  • School Tax School District: NORWOOD CSD
  • Census Tract: 025200

Zoning

  • Zoning: GBD

Geography

  • Parcel: 651-0009-0131-00
  • Lot: 27
  • Municipality: NORWOOD
  • Latitude: 39.1697
  • Longitude: -84.451

    Address

  • Full Address: 5207 Montgomery Rd
  • Address - House Number: 5207
  • Address - Street Name: Montgomery
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Cincinnati
  • Carrier Code: C042
  • 4-Digit Zip Code: 1619
  • Zip Code: 45212

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,075
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 152

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 68
  • Final Value: 215,473
  • High Value: 249,941
  • Low Value: 181,004

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $157,500
  • First Open Lien Mortgage Lender: CINFED FED CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jun 08, 2023
  • First Open Lien Mortgage Loan Amount: $157,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2038

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $30,400
  • Market Improvement Value: $179,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,500
  • Assessed Land Value: $10,640
  • Assessed Improvements Value: $62,860

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 08, 2023
  • Current Sale Transaction ID: 11910220857
  • Current Sale Price: $105,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 39177
  • Previous Sale Recording Date: Mar 06, 2017
  • Previous Sale Contract Date: Feb 28, 2017
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CINFED FED CREDIT UNION
  • First Mortgage Transaction Date: Jun 08, 2023
  • First Mortgage Loan Amount: $157,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Jun 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Mar 06, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $256,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Norwood



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Nearby Rentals

Unit for rent at 6330 Montgomery Rd, Cincinnati, OH, 45213

$750 /mo

  • Studio
  • 1 Bath
6330 Montgomery Rd #6330 Montgomery Rd - 6330 - 10, Cincinnati, OH, 45213 Listing by Manager

Frequently Asked Questions

What neighborhood is 5207 Montgomery Road located in?
The 5207 Montgomery Road is a commercial located in the neighborhood of Norwood in Norwood, Cincinnati.
What is the average sales price for listings in 5207 Montgomery Road?
The average sales price for units in 5207 Montgomery Road is $0 currently.

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