Maria Walley, Realtor
February, 2018 | Cincinnati Condo Connection

River Terrace Condos in East Walnut Hills

 

River View from River Terrace 10A

It’s all about the views at River Terrace.  Located in East Walnut Hills at the end of Ingleside Ave, this high rise has 12 floors and 60 condos.  It was built in 1963 as an upscale apartment building and is now a luxury condo building. Almost every unit has a great view of the river and many have great city skyline views too.  Whether you are looking for something newly updated or a fixer upper, River Terrace has many options.  Prices range from $140,000 for a condo in original condition up to $350,000 for a renovated condo with a great view.  River Terrace offer some of the best deals when it comes to river view condos in Cincinnati.  Check out this video of a recently renovated condo at River Terrace.

River Terrace Luxury Condos in East Walnut Hills

The common areas have were updated in 2017 by Don Sparks of Lifestyle Designs, also an East Walnut Hills resident.  This was a game changer for the building.  Finally the hallways are worthy of these amazing views.

Current renovations are 10 A which has a beautiful upriver view and is currently listed for $295,000.  It’s on the 10th floor and has undergone a complete renovation.  It’s style is contemporary and very neutral.  The master suite has a walk in shower and laundry.  The second bathroom has an extra deep very modern tub surrounded by subway tile and quartz counter tops.. The kitchen really shines with sleek off white cabinets made by Stosa in Italy, quartz counter tops, open shelving and stainless appliances.  The best part about this kitchen is that you can talk to your guests in the dining room and see the spectacular view all while preparing dinner. The condo is roomy at 1285 square feet. A typical condo in this building is 1285 to 1650 square feet. Unit 2D is also undergoing a renovation and wil be available in the spring of 2018.

The 12th floor is in the process of being combined and renovated to make one of the best penthouse condos in the whole city with 360 degree views of the city and views directly over the river.

What’s an original condo like?  Think parquet floors and 55 year old kitchen cabinets and no laundry in the unit.  Do you have what it takes to renovate a condo like this?  If you do, please give me a call and I’ll find you a great opportunity.  Condo sellers, I always have buyers looking for river view condos in East Walnut Hills and Eden Park.

Walk to Eden Park and many restaurants and cafes.  It’s a short 13 minute walk to the Overlook at Eden Park and a 5 minute walk to Woodburn Ave where there are many fun places like Woodburn Brewery, Myrtle’s Punch House, O Pie O, Café DeSales.  Urbana Cafe is also opening up a café on Woodburn.  Walk up McMillan to get to Parkside Café, The Brew House, Just Q’uin BBQ, Fireside Pizza, Landlocked Social House and more. There’s several churches within walking distance.  Unity and St. Francis DeSales are both within 10 minute walking distance. And there are no shortage of hair salons to walk to.  My favorite is Parlour Salon.

Parlour Salon on Woodburn Avenue in East Walnut Hills

Need more ideas of places to walk to in Cincinnati? Check out this article Spending the Day in East Walnut Hills.

Who lives in the building? A diverse group of people.  River Terrace attracts old people and young people alike.  Some are lifetime Cincinnatians and others are newly transferred professionals.

Rentals are allowed in the building and there are currently 4 units being rented.  They allow up to 10% rentals. Rents typically run $1400 to $2000 in this building.

The building has a gym but no pool.  It’s staffed 24 hours a day and the Security/Concierge will even park your car for you in the garage.

What are the downsides to this building?  No pool and limited garage parking.  There is enough parking for everyone to park one car in the garage but not enough parking for multiple cars per household.  There is a nice off street parking lot adjacent to the building. Condo fees are a bit high at 70 cents per square foot but it is a very well built and well maintained building and includes heat, water, and air conditioning as well as 24 hour concierge and valet parking.

Bring your four legged friends. Pets are welcome at River Terrace. You can have up to 2 pets per household, no weight limit on dogs.  It’s a terrific neighborhood for dog walking.  I frequently see dogs with their owners enjoying a pint at Woodburn Brewery.

Take me to the Eden Park Mom!

You may also be interested in The Edgecliff Private Residences ,  Saint James at the Park or Husman House.  Both are in E. Walnut Hills and offer great views for reasonable prices.

Here’s One of the Best Condos in Hyde Park

There are many great neighborhoods in Cincinnati in which to begin your search for a new condo. Each offers a variety of homes, amenities, and perks to living there. Some of the most popular are Oakley, Over-the-Rhine, and Hyde Park.

Hyde Park is located in East Cincinnati and is one of the most popular areas in the city for aspiring owners of condos and single-family homes alike. The area also has a very healthy mix of starter/midsize and trade-up homes as well as a wide variety of condos. The area is very walkable and its proximity to Hyde Park Square, a trendy shopping and dining area, makes it popular with a wide range of people. Some of the area’s most well-known and sought-after condo complexes are  Grassmoor, Georgian Terrace, Madison House and Regency. Prices for condos currently selling in Cincinnati’s Hyde Park range from $107,000 all the way up to $1.5 million. So you can be sure you’ll find a home that fits your needs. There are a few properties, however, that really stand out for their great features and affordable price points. The listing at 3744 Ashworth Drive is one such gem.

This condo for sale in Hyde Park is located within the Chestnut Station condo complex. This large, 3-bedroom, 2-and-a-half-bathroom unit provides excellent value for its listing price of $315,000. Located just down the street from the Hyde Park Golf and Country Club, this home features a loft, granite countertops, and hardwood floors. With its open floor plan and 1,700 square feet, you’ll enjoy having plenty of space, whether for entertaining or staying in for movie night. There’s plenty to walk to in East Hyde Park.  Start with breakfast at Coffee Emporium.  Still hungry? Take in a lunch at Bangkok Bistro.  Drinks at Hap’s Irish Pub?  Need some essentials?  Stop in Tischbein’s Pharmacy.  Forbe’s Magazine named Hyde Park one of the 10 best neighborhoods in the USA.

If you’ve been looking for condos for sale in Hyde Park and are interested in checking out this home or any of the many others that we have currently on the market, give the team here at Cincinnati Condo Connection a call. We would love to help you begin the journey to find your dream home today.

 

Buying a Home in Cincinnati: Spring 2018 Market Forecast

Buying a Home in Cincinnati

As the days start to turn slightly warmer and the snow finally begins to melt away, the Cincinnati housing market will begin to heat up. As in most places across the country, spring is one of the most popular times of year to sell or buy a home, which means it’s also a great time to look at real-estate trends and what we are likely to see in this year’s hottest buying season. Here are a few things we can expect both nationwide and in Cincinnati this year.

1. A slow start to the spring buying season

The new tax bill signed by President Trump last December will likely have an effect on how many sales are made early in the spring season. People will probably be taking a close look at their finances and doing their research to ensure the best course of action for them and their money given the new tax bill.

2. Increases in Homeownership

Despite low inventory levels across the country, home ownership numbers are increasing. According to Trulia, Q4 2017 was the fourth quarter in a row where the number of new homeowners was higher than the number of renters nationwide. In addition, Trulia research shows that many of those homeowners are millennials, which is a great sign that the real-estate market has finally begun to bounce back from the Great Recession. However, this same data also shows that more and more millennials are moving away from the city to the suburbs to find a better deal on a home. Increasing numbers of millennials may move to Cincinnati in 2018, given the area’s cheap prices and a high likelihood for home value appreciation

3. Prices continuing to slowly rise

Case Shiller data from October 2017 show that prices have climbed consistently over the past two years. In addition, the index shows that home prices increased 5.92 percent between January and October of last year. However, despite price growth, a recent article by Forbes names Cincinnati as one of “America’s Most Affordable Cities.” A December article published by Realtor.com, “The Hottest Real Estate Markets of 2017: Who Gained Big, Who Fell Hard”, also indicated Cincinnati as one of the country’s hottest real-estate markets for 2017. In the article’s list of the country’s 300 largest markets, Cincinnati jumped from a previous ranking of 117 to a ranking of 64. Economists speculate that this is likely due to the affordability of Cincinnati homes. Unlike most places in the country, there are still great homes available in Cincinnati in almost every price range. The current average listing price of a home for sale in Cincinnati is $156,000—a modest 4 percent increase over last year. Thus, although cheaper than most other metro areas, Cincinnati is following the same pattern of price appreciation.

In conclusion, despite what is likely to be a slow start to the buying season, it is clear that there will be plenty of movement in the Cincinnati market in 2018, and we may even see an influx of millennials and other first-time homebuyers moving to the city in search of a more affordable home.