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5228 Terrace Ridge Drive

5228 Terrace Ridge Drive, Milford, OH 45150
Property in Union
Sold Oct 18, 2017
$290,000
$170,000 by First National Bank
Mortgage Due Nov 01, 2032
Sold Jun 07, 2005
$262,700
$210,088 by Nvr Mortgage Finance Inc
Mortgage Due Jun 01, 2035
5228 Terrace Ridge Drive in Milford, OH was first built in 2005 and is 19 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5228 Terrace Ridge Drive has 2,604 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 950 sqft and has been categorized as a full basement. In total, the area measurement of the land is 8,973 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 196 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 19, 2017 for $290,000. That's $111.37 per sqft. Prior to that sales transaction, the property was also sold in May 17, 2005 for $262,700. 5228 Terrace Ridge Drive was last assessed in 2022. The total value of the property was assessed at $210. Specifically, the land the property is located on was valued at $210. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,132. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 950
  • Garage Type: Garage
  • Garage Square Area: 196
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,973
  • Total Building Area: 2,604
  • Building Area: 2,604
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,604
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TERRACE RIDGE SECTION 1 BLOCK A
  • Land Acres: 0.206
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: TERRACE RIDGE SECTION 1 BLOCK A LOT 25; TERRACE RIDGE SID; SEE 393109C071T FOR TIF

Ownership

  • Current Owner : FAN WEI
  • Current Owner 2: HUANG CAIJIN
  • Previous Owner : GRIFFITH LAUREN F
  • Previous Owner 2: LUX ADAM M
  • Owner Before Previous Owner: NVR INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Milford Exempted Village School District
  • Census Tract: 041406

Geography

  • Parcel: 39-31-09C-071
  • Block: A
  • Lot: 25
  • Municipality: UNION TWP
  • Latitude: 39.153
  • Longitude: -84.2795

    Address

  • Full Address: 5228 Terrace Ridge Dr
  • Address - House Number: 5228
  • Address - Street Name: Terrace Ridge
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Milford
  • Carrier Code: R004
  • 4-Digit Zip Code: 5818
  • Zip Code: 45150

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,132
  • Tax Rate Code Area: 39

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 451,451
  • High Value: 530,629
  • Low Value: 372,274

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Oct 18, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $170,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2032

    Market Valuation

  • Market Total Value: $600
  • Market Land Value: $600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $210
  • Assessed Land Value: $210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 19, 2017
  • Current Sale Recording Date: Oct 18, 2017
  • Current Sale Transaction ID: 11372277323
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201700024341
  • Previous Sale Recording Date: Jun 07, 2005
  • Previous Sale Contract Date: May 17, 2005
  • Previous Sale Amount: $262,700
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK
  • First Mortgage Transaction Date: Oct 18, 2017
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2032

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: NVR MORTGAGE FINANCE INC
  • Previous Mortgage Transaction Date: Jun 07, 2005
  • Previous Mortgage Loan Amount: $210,088
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About Clermont



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Frequently Asked Questions

What neighborhood is 5228 Terrace Ridge Drive located in?
The 5228 Terrace Ridge Drive is a located in the neighborhood of Union in Clermont, Milford.
What is the average sales price for listings in 5228 Terrace Ridge Drive?
The average sales price for units in 5228 Terrace Ridge Drive is $0 currently.

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