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7426 Drake Road

7426 Drake Road, Cincinnati, OH 45243
Sold Feb 04, 2005
$455,000
$372,000 by Huntington National Bank
Mortgage
Sold Jul 15, 1999
$309,000
$278,100 by Sibcy Cline Financial Services
Mortgage Due Aug 01, 2029
Local assessors in Cincinnati, OH have categorized 7426 Drake Road as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 46,043 square feet. 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 7 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 are 3 full bathrooms. There are also 3 partial bathrooms. 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 7426 Drake Road has a total of 2,569 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 partial basement that is 1,515 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. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 frame 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 alum/vinyl siding 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 28, 2005 for $455,000. That's $134.46 per sqft. Prior to that sales transaction, the property was also sold in Jul 7, 1999 for $309,000. 7426 Drake Road was last assessed in 2023. The total value of the property was assessed at $181,633. Specifically, the land the property is located on was valued at $129,644. While improvements on the property were assessed at a total of $51,989. 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 $6,476. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,515
  • Garage Type: Underground/basement
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 46,043
  • Total Building Area: 3,384
  • Gross Building Area: 3,384
  • Building Area: 2,569
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 2,569
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.057
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: REAR DRAKE RD 1.06 AC R1-T5-S31 SW

Ownership

  • Current Owner : MEYER KIMBERLY A
  • Previous Owner : TASSIAN N KITSA
  • Owner Before Previous Owner: DANIELS LARRY B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indian Hill Exempted Village School District
  • School Tax School District: INDIAN HILL EVS
  • Census Tract: 024402

Geography

  • Parcel: 629-0221-0030-00
  • Municipality: INDIAN HILL
  • Latitude: 39.1947
  • Longitude: -84.3422

    Address

  • Full Address: 7426 Drake Rd
  • Address - House Number: 7426
  • Address - Street Name: Drake
  • Address - Suffix Type: Rd
  • State: OH
  • City Name: Cincinnati
  • Carrier Code: C040
  • 4-Digit Zip Code: 1422
  • Zip Code: 45243

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,476
  • Tax Rate Code Area: 068

    Appraisal Valuation

  • Standard Deviation: 0.1974
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 722,573
  • High Value: 865,264
  • Low Value: 579,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $372,000
  • First Open Lien Mortgage Lender: HUNTINGTON NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jan 31, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $372,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $518,950
  • Market Land Value: $370,410
  • Market Improvement Value: $148,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,633
  • Assessed Land Value: $129,644
  • Assessed Improvements Value: $51,989

    Sales

  • Current Sale Contract Date: Jan 28, 2005
  • Current Sale Recording Date: Feb 04, 2005
  • Current Sale Transaction ID: 1116902809
  • Current Sale Price: $455,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 05-020417
  • Previous Sale Recording Date: Jul 15, 1999
  • Previous Sale Contract Date: Jul 07, 1999
  • Previous Sale Amount: $309,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SIBCY CLINE MORTGAGE SERVICES
  • First Mortgage Transaction Date: Feb 04, 2005
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First 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.)
  • First Mortgage Loan Due Date: Feb 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SIBCY CLINE FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: Jul 15, 1999
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $278,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2029

About The Village of Indian Hill



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Frequently Asked Questions

What neighborhood is 7426 Drake Road located in?
The 7426 Drake Road is a located in the neighborhood of The Village of Indian Hill in The Village of Indian Hill, Cincinnati.
What is the average sales price for listings in 7426 Drake Road?
The average sales price for units in 7426 Drake Road is $0 currently.

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