Wednesday, January 13, 2010

Cincinnati Preservation Bargains-811 Dayton St

There has been a lot of activity in this block of Dayton Street lately, Museum house projects, some major restorations and a quick move back to conversion of houses to single family AND you are on "Millionaires Row", the famed 800 block of Dayton, within a stones throw of some of the grandest homes in the downtown.


811 Dayton is offered at 13,400.00 and may be the lowest price house ( and potentially the last) to ever be offered in that price range. A house across the street (also a restoration project) is pending at 99K.


Catherine Groh, Real Living Realty Services, Inc.513-752-8200 is the listing agent. This home was a multi family dwelling, a recent foreclosure and does have city orders against it (VBML and other repair orders, so patience, or a good attorney, is required since you have to deal with the city).


The house is a 3 story Brick with really nice front door and many interior architectural details in intact. It is missing copper and some mechanicals but you would need to update those anyway. The house is a manageable size compared to the huge mansions on the block and will be an excellent candidate for conversion back to single family. The house sits on a 30x150 ft lot and there is room to build a new carriage house. NOTE: some houses on this block have had 1/2 million dollar restorations, so the economics of this house restoration make excellent sense even with the dealing with the city on the orders. BUT you better hurry! The last few house I've featured on my website sold in just a few days.


Dayton Street has a strong neighborhood association, active crime watch and the area is undergoing tons of restoration and given it proximity to Downtown and Findlay Market may be the best bargain in the downtown.


Do you know of a Historic Preservation Bargain? A house that with some love and some money, could return to its glory days? If so send me an email at victiques@hotmail.com and include contact information and a photo. We CAN save Cincinnati, it just takes a commitment and a love of old houses.

2 comments:

Quim said...

it's also in walking distance to a Popeye's and Findlay Market and easy bicycling distance to Northside.

johnny in cincinnati said...

I tried to buy this house and the red tape sent me running. Like you said, have a lawyer ready.