MULTI-PROPERTY REAL ESTATE AUCTION
June 9, 2012 11:00 am EST(between Melrose Ave and Gilbert Ave)
June 9, 2012 11:00 am EST
Auction will be conducted offsite by pictorial presentation at the:
Underground Railroad Freedom Center
50 East Freedom Way
Education Center Hallway – 3rd Floor
Discovery Room 1
Cincinnati, OH 45202
ABSOLUTE AUCTION
WALNUT WOODS DEVELOPMENT
838, 842, 844, 850, 854, & 856 LINCOLN AVE.
(between Melrose Ave and Gilbert Ave)
CINCINNATI, OH 45206
- The City of Cincinnati has determined the properties of Walnut Woods development are surplus city owned properties and are no longer needed for any municipal purpose. The City has commissioned Semple and Associates to sell these properties individually to the highest bidder(s). Each property is zoned RM-0.7, Multi-family.
- 838 Lincoln Ave. – This property was originally constructed in 1880 and has already been about 95% renovated. However there is some drywall work which needs to be repaired and some floor coverings to be in “move in” condition. The property features 12 rooms with 5 bedrooms and 4 ½ bathrooms. There are 2 gas forced air furnaces and 2 kitchens. It is currently configured as a two family. According to the auditor, the 2.5 story home has 4541sf of living space and a full basement. It sits on a 37.5’x103’ lot. Current semi-annual real estate taxes are $3,152.00, based on a $271,650.00 appraised value. A small City Urban Forestry assessment of $7.04 is currently on the first half tax bill. There is a 30 year TIF abatement which began in 2001 and ends in 2031. Hamilton County PID #0650002015100.
- 842 Lincoln Ave. –Here is the canvas, you bring the brush and creative genius. According to the Auditor, this property was constructed in 1880 and has 3959sf of living space on a 37.5’x103’lot. The property has already been stabilized including bearings, joists, roofs, and floors. According to the City, there are fairly new shingles, gutters, and downspouts. The original property contained 12 rooms with 5 bedrooms and a full basement. This is an opportunity to put your vision to work. The scope of necessary work for completion comprises complete interior rehabilitation including all systems, fixtures, and finishes. Current semi-annual real estate taxes are $221.00, based on a $14,900.00 appraised value. A small City Urban Forestry assessment of $7.04 is currently on the first half tax bill. There is a 30 year TIF abatement which began in 2001 and ends in 2031. Hamilton County PID #0650002015300.
- 844 Lincoln Ave. – Another blank canvas awaiting your creativity. According to the Auditor, the home was constructed in 1880 and contains 4542sf of living space on a 39.85’x103’ lot. This 2.5 story home originally contained 12 rooms with 5 bedrooms and a full basement. This is another opportunity to view your creativity upon completion. The property has already been stabilized including bearings, joists, roofs, and floors. According to the City, there are fairly new shingles, gutters, and downspouts. The scope of necessary work for completion requires complete interior rehabilitation including all systems, fixtures, and finishes. Current semi-annual real estate taxes are $899.00, based on a $77,440.00 appraised value. A small City Urban Forestry assessment of $7.42 is currently on the first half tax bill. There is a 30 year TIF abatement which began in 2001 and ends in 2031. Hamilton County PID #0650002015200.
- 850 Lincoln Ave. – This property contains 3890sf according to the County Auditor. The 3 story home was constructed in 1880 and currently features 12 rooms with 5 bedrooms and 4 ½ bathrooms on a 38.5’x103’ lot. It has been fully renovated and needs very little to be in “move in” condition. Current semi-annual real estate taxes are $2,412.00, based on a $207,830.00 appraised value. A small City Urban Forestry assessment of $7.24 is currently on the first half tax bill. There is a 30 year TIF abatement which began in 2001 and ends in 2031. Hamilton County PID #0650002009300.
- 854 & 856 Lincoln Ave. – These are two (2) vacant building lots. The lots are 37’x103’ and 36’x103’ respectively, according to the building department, will accommodate a 25’ wide home. Any new construction will need to conform to the historical guidelines for the area. Each lot has access to all City utilities. The high bidder will be given the opportunity to pick either lot or both lots (ea. x 2).
- – Current semi-annual real estate taxes for 854 Lincoln Ave are $69.00, based on an assessed value of $5,900. There is a 30 year TIF abatement which began in 2001 and ends in 2031. Hamilton County PID #0650002009400.
- – There is no current tax information available on the auditor’s website which shows taxes at $0.00 but an assessed value of $6,860.00. Hamilton County PID #0650002009590.
Inspections: Saturday June 2 (11AM – 1:00PM) & Tuesday June 5 (11AM – 12 Noon)
Property information packets are available below in PDF or by calling 513-724-1133.
To download Free Adobe Reader please click the link below.