Location

Create a free account to unlock the full address — and get new deals in your inbox.

Cincinnati, OH 45233

Details

• Type: Land
• Bedrooms:
• Bathrooms:
• Square Feet:
• Total Units: 1

Description

0.793 ACRE VACANT LOT, DELHI TOWNSHIP

0.793 acres / 34,543 sq ft, 200 x 200 irregular

Approx 202 ft of frontage on the street, public and county maintained

Zoned Delhi Twp 'C' Single Family, single family permitted by right

Lot is 5.7x the minimum area and 4x the minimum width

Auditor land use 501, vacant, no structure has ever been built here

FEMA Zone X, no flood hazard, no flood insurance required

Free and clear. No mortgage, no liens, no special assessments, no tax lien sold or pending

Back taxes of $826.57 cleared at closing, buyer takes clean title

UTILITIES

Public water: YES. GCWW main runs along the street, hydrants 175 ft and 289 ft from the parcel at road grade.

Public sewer: NO, and none is coming. Nearest MSD main is 1,534 ft away and roughly 110 ft BELOW the site, across private land. Septic is the only path.

Natural gas: YES, at street. MLS  home on same block lists gas at street, plus electric, cable and telephone.

Electric: overhead service on the street, standard pole extension.

Nothing has ever been connected on site.

WHAT YOU NEED TO KNOW

Septic soils are rated 'Very limited' by NRCS. Budget an engineered ATU system at $25k to $40k, not a $12k conventional field. Neighboring lot built new construction in 2011 on an Advantex AX20 system, so it is proven doable on this hillside.

Average slope is about 28%, 32% at the steepest measured segment, on Kope Formation. The parcel likely falls inside Delhi's HD Hillside Development Overlay, which requires contour plans, cut and fill volumes, a geotech report and a Zoning Commission finding. Confirm with Delhi Community Development at 513 922 2705.

There is no driveway and no curb cut. Roughly a 30% bank rises from the 15 ft road to the front lot line. A retaining structure and engineered drive run $30k to $60k.

Neighbors have parked on the front strip for 50+ years. Buyer should order a title search and a boundary survey. Sold strictly AS IS.

THE NUMBERS

Asking price: $14,000

Est value: $10,000 to $14,000

Price per acre: $17,654

County land value: $5,270 (parcel has not been reviewed since 1970)

VALUE SUPPORT

The county's own per acre land scale on the two directly adjacent vacant lots puts this parcel at $11,847 to $16,923. One neighboring lot is valued at $21,340 per acre and another at $14,939 per acre.

Assemblage precedent: three parcels traded together on this exact block for $18,000 in 2012.

Per acre comp: neighboring lots, 0.131 acres each, have been listed and re-listed without closing. Even at the low end of their asking range that is $122,137 per acre. You are buying 6x the land at roughly one seventh that, per acre.

BEST FIT

Adjacent owner, side lot, buffer, yard expansion, land bank, conservation, or a hillside builder who already knows the septic and geotech playbook. This is a use value play, not a quick flip.

Hamilton County, Ohio.