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541 Southwood Drive

541 Southwood Drive, Hamilton, OH 45013
Property in Hamilton
Sold Jun 08, 2021
$88,000
$84,452 by Mid-american Mortgage Inc
Mortgage Due Jun 01, 2051
Sold Mar 01, 1985
$56,000
541 Southwood Drive in Hamilton, OH was first built in 1949 and is 75 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 Cape Cod style. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 541 Southwood Drive has 1,593 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 linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,650. In total, the area measurement of the land is 11,761 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 240 sqft. There is one available parking space. 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 alum/vinyl siding. 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 central heating system 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. 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, 541 Southwood Drive sold most recently in May 24, 2021 for a total of $88,000. If you work out the math, that's approximately a cost of $55.24 per sqft. Before that, the property was also sold for $56,000 in Mar 1, 1985. 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 $1,910 in taxes each year. 541 Southwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $54,040. If we break it down further, the land itself was valued at $9,350. Improvements to the property, however, were assessed at a total of $44,690. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,593
  • Gross Building Area: 1,593
  • Building Area: 1,593
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,593
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAMILTON 1ST WARD
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: 19497 ENT

Ownership

  • Current Owner : GIBBS KAREN M
  • Current Owner 2: GIBBS JOHN
  • Previous Owner : REIMER DONALD H
  • Previous Owner 2: REIMER CLAUDIA A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Hamilton City School District
  • School Tax School District: HAMILTON CSD
  • Census Tract: 014900

Geography

  • Assessors Map Reference: U212
  • Parcel: P6412-212-000-017
  • Lot: 19497
  • Municipality: HAMILTON CORP
  • Latitude: 39.3898
  • Longitude: -84.5806

    Address

  • Full Address: 541 Southwood Dr
  • Address - House Number: 541
  • Address - Street Name: Southwood
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Hamilton
  • Carrier Code: C015
  • 4-Digit Zip Code: 3717
  • Zip Code: 45013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,910
  • Tax Rate Code Area: P64

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 67
  • Final Value: 162,813
  • High Value: 200,514
  • Low Value: 125,111

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,452
  • First Open Lien Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 08, 2021
  • First Open Lien Mortgage Loan Amount: $84,452
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $154,390
  • Market Land Value: $26,710
  • Market Improvement Value: $127,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,040
  • Assessed Land Value: $9,350
  • Assessed Improvements Value: $44,690

    Sales

  • Current Sale Contract Date: May 24, 2021
  • Current Sale Recording Date: Jun 08, 2021
  • Current Sale Transaction ID: 11838285538
  • Current Sale Price: $88,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-00032802
  • Previous Sale Recording Date: Mar 01, 1985
  • Previous Sale Contract Date: Mar 01, 1985
  • Previous Sale Amount: $56,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Mortgage Transaction Date: Jun 08, 2021
  • First Mortgage Loan Amount: $84,452
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

About Hamilton



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Frequently Asked Questions

What neighborhood is 541 Southwood Drive located in?
The 541 Southwood Drive is a located in the neighborhood of Hamilton in Hamilton, Hamilton.
What is the average sales price for listings in 541 Southwood Drive?
The average sales price for units in 541 Southwood Drive is $0 currently.

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