Score
0Hamilton, OH
420 N Ninth St
100K
3 beds
1 baths
3,120 sqft
3 bd • 1 ba • 3,120 sf
This analysis was generated on 2/17/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$100,000
Price/Sq.Ft
$32
Year Built
1900
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Unique conversion opportunity: The property's history as a firehouse offers a chance to create a one-of-a-kind residential or commercial space. The building's distinctive architecture and character can be a major selling point.
• Large square footage at a low price: With 3,120 sqft priced at $100,000, the property offers a very low price per square foot ($32.05). This allows for significant investment in renovations and improvements.
• Flexible zoning (residential or commercial): The property can be used as either a single-family home or a commercial space. This flexibility increases its potential appeal and opens up various possibilities for its future use.
• Central location in Hamilton: The property is located on N Ninth St, which offers good visibility and accessibility. It is also close to local amenities and services.
• Potential for increased property value: Hamilton is undergoing revitalization, which could lead to increased property values in the area. Investing in this property now could yield significant returns in the future. The median income in the area is $82,635.
The Bad
• Extensive renovation required: The property is not move-in ready and needs significant work to be habitable or commercially viable. This includes updating all systems (plumbing, electrical, HVAC), interior remodeling, and exterior repairs.
• Single bathroom for potential 3-bedroom home: Having only one bathroom for a potentially 3-bedroom home is a major drawback for most families. Adding additional bathrooms would require significant plumbing work and may be costly.
• Age of the property (built in 1900): Older homes often have hidden problems, such as outdated wiring, leaky pipes, and structural issues. These can be expensive to repair and may not be immediately apparent.
• Limited information on current condition: The listing provides little detail about the property's current condition. A thorough inspection is essential to identify potential problems and estimate repair costs.
• School ratings: The nearby schools have average ratings (5/10 and 6/10). This may be a concern for families with children.
The Ugly
• Unknown extent of necessary repairs: The property's age (built in 1900) and lack of detailed information about its condition make it difficult to estimate the cost of repairs. There could be hidden problems that are not immediately apparent.
• Potential environmental hazards: Older buildings may contain lead paint, asbestos, or other hazardous materials. Remediation of these hazards can be expensive and time-consuming.
• High utility costs: A large, uninsulated building can be expensive to heat and cool. Utility costs could be significantly higher than for a modern home of similar size.
• Limited parking: Depending on the intended use, parking may be a concern. The property may not have sufficient on-site parking to accommodate residents or customers.
• Property Taxes are not listed and could be significantly higher based on the increase in sales price from 2017 to 2025. The taxes will be reassessed based on the new value of $100,000.
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Original
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking unique conversion opportunities: The property's history as a firehouse and its substantial square footage offer a chance to create a distinctive residential or commercial space that stands out in the market. The relatively low purchase price allows for a significant budget for renovations.
• Buyers interested in adaptive reuse projects: The building's solid framework and open layout are well-suited for adaptive reuse, whether converting it into a single-family home with modern amenities or a commercial space that retains its historic charm.
• Entrepreneurs looking for a centrally located commercial space: The property's location on N Ninth St offers visibility and accessibility for a business. Its unique character could be a draw for customers and clients. The median income in the area is $82,635, suggesting a potential customer base with disposable income.
• Individuals comfortable with renovation projects: The property requires significant renovation to bring it up to modern standards. It would suit someone with experience in construction or a willingness to manage a large-scale project.
Not For
• First-time homebuyers seeking a move-in ready property: Given the extensive renovation required, this property is not suitable for those looking for a home that is immediately habitable.
• Buyers with limited renovation budgets: The cost of renovating a 3,120 sqft firehouse can be substantial. Buyers with tight budgets should consider properties requiring less work.
• Individuals seeking modern amenities and layouts: The property's original layout as a firehouse may not align with modern residential or commercial needs. Significant remodeling would be necessary to achieve a contemporary design.
• Buyers prioritizing school ratings: While the nearby schools have average ratings (5/10 and 6/10), families with children may prefer neighborhoods with higher-rated schools.
Demographics
Area Median Income
$82,635
Property History
Price History
Ownership Timeline
$0Cash Purchase
Dec 18, 2019Butler County Land Reutilization CorpCity Of Hamilton
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Mar 25, 2015Pakusa IncButler County Land Reutilization Corp
Warranty Deed
Non-Arm's Length Transactions
$7,000Cash Purchase
Mar 4, 2011Rebel Properties LlcPakusa Inc
Limited Warranty Deed
Standard Sale (Purchase/Resales)
$11,000Cash Purchase
Nov 15, 2010Foundation Savings BankRebel Properties Llc
Limited Warranty Deed
Non-Residential Arm's Length Transactions
$25,000Cash Purchase
May 13, 2009Andrew G Crawford, Andrew G Crawford IiBramble Savings Bank
Sheriffs Deed
Foreclosure
$45,000Financed
Sep 2, 2003Oscar L Flannery, Jacklyn V FlanneryAndrew G Crawford Ii, Tammy Crawford
Survivorship Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• High renovation costs: Converting a firehouse into a modern home or commercial space will require significant investment in materials, labor, and permits. Detailed cost estimates are essential before proceeding.
• Potential environmental hazards: Given the age of the building (built in 1900), there is a risk of lead paint, asbestos, or other environmental hazards. Testing and remediation may be necessary, adding to the overall cost.
• Zoning and permitting challenges: Depending on the intended use, obtaining the necessary permits and complying with zoning regulations could be complex. Thorough research and consultation with local authorities are crucial.
• Structural issues: A building of this age may have structural problems that require repair. A comprehensive inspection by a qualified engineer is recommended.
• Market fluctuations: While Hamilton is undergoing revitalization, changes in the local economy or housing market could impact property values. Staying informed about market trends is important.
Insurance
Annual Cost
$360
$30 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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Schools
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$1,470
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$100,000
Price/sqft
$32
Layout
3 bd•1 ba
Days on market
3 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$132,500
24.5%
Your price is 24.5% below average
Median Price
$160,000
37.5%
Based on 6 recent sales
Price per Sq.Ft
$52
38.4%
Your price is 38.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 112 Village Street, Hamilton, OH 45011 | $170,000 | 2,666 | 4 | 1 | $6498.9% | 8/29/2024 |
| 538 S Front Street, Hamilton, OH 45011 | $160,000 | 2,580 | N/A | N/A | $6293.5% | 1/14/2025 |
| 635 High Street, Hamilton, OH 45011 | $158,000 | 3,036 | N/A | N/A | $5262.4% | 10/22/2024 |
| 447 N Fifth Street, Hamilton, OH 45011 | $77,000 | 2,496 | N/A | N/A | $313.7% | 8/23/2024 |
| 112 Village Street, Hamilton, OH 45011 | $170,000 | 0 | 4 | 1 | N/A | 8/29/2024 |
| 0 Canal Road, Fairfield Twp, OH 45011 | $60,000 | N/A | N/A | N/A | N/A | 1/8/2025 |
112 Village Street, Hamilton, OH 45011
Price: $170,000
Sq.Ft: 2,666
Beds/Baths: 4/1
$/Sq.Ft:
$6498.9%
Sale Date: 8/29/2024
538 S Front Street, Hamilton, OH 45011
Price: $160,000
Sq.Ft: 2,580
Beds/Baths: N/A/N/A
$/Sq.Ft:
$6293.5%
Sale Date: 1/14/2025
635 High Street, Hamilton, OH 45011
Price: $158,000
Sq.Ft: 3,036
Beds/Baths: N/A/N/A
$/Sq.Ft:
$5262.4%
Sale Date: 10/22/2024
447 N Fifth Street, Hamilton, OH 45011
Price: $77,000
Sq.Ft: 2,496
Beds/Baths: N/A/N/A
$/Sq.Ft:
$313.7%
Sale Date: 8/23/2024
112 Village Street, Hamilton, OH 45011
Price: $170,000
Sq.Ft: 0
Beds/Baths: 4/1
$/Sq.Ft: N/A
Sale Date: 8/29/2024
0 Canal Road, Fairfield Twp, OH 45011
Price: $60,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/8/2025
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