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7051 Olentangy Lane

7051 Olentangy Lane, Cincinnati, OH 45244
Property in River View
Sold May 21, 2014
$90,000
$72,000 by Primelending
Mortgage Due Jun 01, 2044
Sold Dec 16, 2013
$64,000
Local assessors in Cincinnati, OH have categorized 7051 Olentangy Lane as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 14,288 square feet. The linear feet between the front and back of the lot was measured at 2,397 ft and the front of the lot was measured at 610 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7051 Olentangy Lane has a total of 1,224 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 252 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's baseboard heaters is the primary heating source and it is being fueled with oil. 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, 7051 Olentangy Lane sold most recently in May 15, 2014 for a total of $90,000. If you work out the math, that's approximately a cost of $33.33 per sqft. Before that, the property was also sold for $64,000 in Sep 18, 2013. 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 $3,542 in taxes each year. 7051 Olentangy Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $63,340. If we break it down further, the land itself was valued at $12,443. Improvements to the property, however, were assessed at a total of $50,897. 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: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,224
  • Garage Type: Attached
  • Garage Square Area: 252
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 14,288
  • Lot Size Depth Feet: 2,397
  • Lot Size Frontage Feet: 610
  • Total Building Area: 2,700
  • Gross Building Area: 2,700
  • Building Area: 1,224
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 1,224
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER VIEW SUB
  • Land Acres: 0.328
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: OLENTANGY LN 61 X 239.68 IRR LOT 71 RIVER VIEW SUBBLK 3 PT 2

Ownership

  • Current Owner : SMITH MICHAEL T
  • Current Owner 2: SMITH KAITLYN M
  • Previous Owner : SECRETARY OF HOUSING & URBAN DEVELOPMENT
  • Owner Before Previous Owner: PAGE LISA F
  • Owner Before Previous Owner 2: PAGE JEFFREY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forest Hills Local School District
  • School Tax School District: FOREST HILLS LS
  • Census Tract: 024904

Geography

  • Parcel: 501-0009-0177-00
  • Block: 3
  • Lot: 71
  • Municipality: NEWTOWN
  • Latitude: 39.1195
  • Longitude: -84.356

    Address

  • Full Address: 7051 Olentangy Ln
  • Address - House Number: 7051
  • Address - Street Name: Olentangy
  • Address - Suffix Type: Ln
  • State: OH
  • City Name: Cincinnati
  • Carrier Code: C071
  • 4-Digit Zip Code: 3120
  • Zip Code: 45244

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,542
  • Tax Rate Code Area: 043

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 68
  • Final Value: 216,326
  • High Value: 250,930
  • Low Value: 181,721

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $72,000
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: May 21, 2014
  • First Open Lien Mortgage Loan Amount: $72,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2044

    Market Valuation

  • Market Total Value: $180,970
  • Market Land Value: $35,550
  • Market Improvement Value: $145,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,340
  • Assessed Land Value: $12,443
  • Assessed Improvements Value: $50,897

    Sales

  • Current Sale Contract Date: May 15, 2014
  • Current Sale Recording Date: May 21, 2014
  • Current Sale Transaction ID: 1075401271
  • Current Sale Price: $90,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 14-049045
  • Previous Sale Recording Date: Dec 16, 2013
  • Previous Sale Contract Date: Sep 18, 2013
  • Previous Sale Amount: $64,000
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: May 21, 2014
  • First Mortgage Loan Amount: $72,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2044

About Newtown



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Frequently Asked Questions

What neighborhood is 7051 Olentangy Lane located in?
The 7051 Olentangy Lane is a located in the neighborhood of River View in Newtown, Cincinnati.
What is the average sales price for listings in 7051 Olentangy Lane?
The average sales price for units in 7051 Olentangy Lane is $0 currently.

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