With land prices going up across the board along with building costs, townhome living has become increasingly attractive to all sorts of buyers. Townhome living is nothing new as they’ve been around for decades, but recently, options are becoming more and more prevalent.
Now, it might be obvious, but what is a townhome? If you Wikipedia it, the history of a townhome is quite interesting considering why people often decide to live in a town home:
In the past, “a townhouse was the city residence of a noble or wealthy family, who would own one or more country houses in which they lived for much of the year. From the 18th century, landowners and their servants would move to a townhouse during the social season.”
It’s funny to see that even in the past, people we’re attracted to townhomes because of the social component. That couldn’t more true today. Since townhomes are typically vertical in nature with multiple floors of living, they tend to be clusters with many units in one complex. This can be very desirable when located around vibrant and bustling areas where buyers are looking to capitalize on their surroundings rather than focus on maintenance of their homes.
And, with pricing going up across the board and demand for living options near these walkable districts at an all time high, townhomes are becoming a great option when zoning allows. In the near future, we see townhomes and more dense units hitting the market in an effort to create more “affordable” or workforce housing options.
So, lets take a look at some of the top townhome projects in the works near in Cincinnati.
BROADWAY BROWNSTONES in Loveland
Priced from $399,000 • 1,900 Sq. Ft. • Only 1 Unit Left!
The Broadway Brownstones are located directly on the Little Miami Bike Trail in Downtown Loveland. With an bustling downtown district with Breweries, restaurants, candy shots, and an awesome new jewelry shop (shout out to Welling and Co!), Loveland is a force to be reckoned with! Dont miss the chance to live at Broadway Brownstones. Only One Unit Left… Builder Model! Check out the full website here
THE ALLORA ON MADISON in Oakley
Priced from $495,000 • 2,000 Sq. Ft. • Only 4 Units Left!
The Allora has been one of the top selling townhome project in the Cincinnati area. It’s no surprise through given that it’s in the core of downtown Oakley next to St. Cecelia and steps from the Madtree, Crossroads, and pretty much every possible convenience you could ask for. Check out the available units here
PARK MANOR in Blue Ash
Priced from $600,000
Luxury living in the heart of Blue Ash! Luxury, Convenience and Carefree living in a beautiful master planned community that offers something for everyone. Learn more about the Park Manor Townhomes here!
If you find that townhome living sounds like the perfect solution for you, reach out to us! We can give you more information on the featured townhomes above, or help you find another community that is perfect for you!
If you’ve driven through Madeira over the past few months or even few years, I’m sure you’ve noticed all of the new construction popping up. It comes as no surprise to residents in the community since they know that Madeira is such an attractive place to live with it’s walkability, downtown district and proximity to Downtown as a suburb. And, of course, we can’t forget to mention the highly rated school district – one of the top in the State!
But, how do you sift through and compare all of the new construction opportunities? This is a request of our clients all the time and it’s simple to breakdown. You just have to break Madeira up into sections and understand the key players….
So, let’s take a closer look:
In Madeira, there are quite a few great builders: Ashford Homes, Legendary Homes, Buckhead Homes, & John Henry Homes to name a few. These builders each have their own strengths that draw clients in their own way. We’ve had the opportunity to work with virtually every builder in the area and know how great they are.
Let’s dive into one builder in particular so we can explain Madeira and it’s opportunities. John Henry Homes is one of Madeira’s most active builders with almost a dozen lots and half a dozen homes under construction. Before you ask, yes, we represent John Henry in Madeira, so of course we’re biased.
If you don’t know, John Henry is not a person. It’s two people. Josh (Henry) Blatt and John Blatt are brothers that have been building for 25 years. They have built all around the Cincinnati area for hundreds of happy customers and pride themselves on offering a quality home with as little frustration as possible.
As you review John Henry’s lot inventory, you’ll see that they have homes ranging in the low end (for Madeira) at $550,000 to up over $700,000. These price point differences come from size of home to lot type and location. Jumping into a few examples we can break Madeira up into two sections:
East of Miami and West of Miami:
On the WEST SIDE of Miami, you’ll find larger lots in Madeira. Larger is relative, but this means they’re anywhere from 70′-80′ wide and homes start around $700,000 because the lots and teardown homes are more expensive.
Example: 7431 North Mingo by John Henry Homes. Although this home as not been set, it would most likely feature a 3 car front entry garage with 2800 ft. plus above grade for around $729,000.
List of lots available on the WEST side of Miami:
7431 North Mingo – 80′ lot
7210 Fowler – 80′ lot
7128 Mayfield – Smaller 60′ lot, exception to the larger lot
On the EAST SIDE of Miami, lots tend to be a bit cheaper and smaller. They range from 50-60′ wide and around 140′ deep. This allows for 2 car front entry homes at anywhere from 2400-2600 ft (sometimes more) and homes priced from $550,000. Historically, the further east you go the lesser expensive the lots, but this is NOT always true.
List of lots and homes available on the EAST side of Miami:
Keep in mind there are exceptions, like Southside, Summit, Fowler, Mayfield as I mentioned above. This section is south of Euclid on the west side of Miami.
That said, the above breakdown is a good basis to follow so you can know where to focus your search based on your price point. Of course, there plenty of great builders and we encourage you to meet with a few, but select your favorite lot! You can always change things in the house, but you CAN’T change the location or lot.
Over the past few years, one of the most requested property types we’ve been asked for is Indian Hill homesites near Kenwood. It probably does not come as a surprise that Indian Hill is so attractive given the low tax rate, large lots and highly rated school district.
However, what we have found interesting is that people are requesting to live on the edge of Indian Hill. Don’t get us wrong, the Village is popular as well, but there’s been a market shift of Buyer’s wanting to live on the portions of Indian Hill that are closest to Montgomery, Kenwood and Madeira.
So, let’s take an example: Our Build Cincinnati Team just listed a property at 8120 Blome Rd, right off Kugler Mill. If you’re familiar with the old Marge Schott Estate, this is right up the street. This lot is a perfect example of the majesty that Indian Hill Estates offer. And it’s less than a 5 minute drive to Kenwood Mall. We use this property as an example for two reasons:
To show why people are attracted to build in Indian Hill
To share with you why this lot is so great (Maybe it’s a small sales pitch!)
When it comes to Indian Hill homes & lots, there is a distinct draw that few other communities can compete with. Here are just a few reasons that buyers are drawn here:
LOW Tax Rate – A ridiculous 1.4% compared to neighboring rates of 2.3+%
Large Wooded and Rolling Homesites – Few communities in the state have 1+ acreage zoning districts limiting the density and amount of homes.
Trash & Recycling – They literally pick up your trash and recycling from INSIDE your garage.
Comps for Days!! With dozens upon dozens of $1,000,000+ homes, you’re in good company as far as protecting value!
We could keep going here, but I think we’ve made our point. If you’re not ready for turkey vultures, horse trails and a little elbow room, we understand. Indian Hill isn’t for everyone. BUT, if this little slice of country living sounds appealing, we have quite a few options with slightly different appeals:
If you’ve driven around Hyde Park or Mt. Lookout in a while, you’ve probably seen a few new construction homes or two pop up where an older home used to be. This is a trend that has really gained steam over the past few years since urban areas like Hyde Park are so sought after. And, Buyers, of course, love anything new! But, it’s not just Cincinnati. It’s happening all across the country as older homes that have structural or functional issues are being brought down to make way for newer homes.
Our group, Build Cincinnati, along with our builders have been at the forefront of infill redevelopment. We source properties for our Buyers and Builders so they can have the opportunity to have the best of both worlds: a walkable, urban neighborhood and a brand new home. And, one of our builder has become the most popular in these parts: Classic Living Homes.
Led by longtime builder, Bernie Kurlemann, Classic Living and it’s team have been building for decades. Only in the past 5 years though has their group been rejuvenating the urban core. They’ve taken a different approach than many though. Their homes are designed to match the surroundings as much as possible. Bernie personally researches the nearby homes and their small details to incorporate those subtle touches to each of his homes. If you’ve ever driven by the home on Delta Ave, you’ll see exactly what I mean.
Another key contributing factor to the increased infill activity is the City of Cincinnati LEED Tax Abatement, which allows Buyer’s and Builders to go green and save a few future dollars along the way. Examples of LEED features in a home may be energy saving appliances, extra insulation, low-flow shower heads, toilets and faucets, and even solar panels in the roolf. Depending on the level of LEED, Buyer’s can capitalize on an abatement for improvements of $400,000 for LEED Silver, $562,000 for LEED GOLD and an unlimited amount of LEED Platinum. Of course, these do come at a cost, but long term they can be great decisions and help the environment while you’re at it!
Just in the past 2 years, Classic Living Homes has leveraged LEED in homes all around Hyde Park and Mt Lookout on Springhill, Richwood Ave, Morten St, Lower Grandin, Shaw Ave and Stettinius with the assistance of the Green Building Counsel in Over The Rhine.
So, if you’re considering buying a new home in the City anytime soon. You may want to consider Classic Living Homes or at least building a new home. Build Cincinnati has new lots and market homes going up all the time! You owe it to yourself to take a look!
Have You Ever Considered Building New in the City??
If not, NOW might be the time to look at 262 Klotter Street!
Why you might ask? Well, there are more reasons than ever to build inside the city limits with the tax abatement, reasonable costs and booming entertainment districts! These days, more and more people are wanting to live urban, but need more space and want to have input on customizing their design. Since most condo projects don’t often offer the opportunity to be a part of making it your own, a single family home on your OWN lot with your OWN outdoor space can be an excellent opportunity. Plus, with condo prices continuing to rise, you will get a better cost per square foot in a single family home & no parking or HOA fees!
So when you consider your next move, here’s a few reasons that 262 Klotter might be the PERFECT home for you:
It’s Tax Abated for 15 years – This can save you as much as $6-10,000/year
Unique Design from an experienced team that knows urban! The Titan Group is an established builder/developer in the city and strives to make the process smooth and fun!
Roof Deck and Elevator Option – Most rehab homes in the city do not allow for a rooftop private retreat!
Garage Parking – You can have your OWN garage, not just a parking space.
Located between uptown and downtown, Klotter is the perfect location to satisfy all the desires of urban living.
If you’ve been wondering why so many people are wanting a more urban lifestyle, think about choosing to live where you play. You can easily meet up with your friends and neighbors, and be just minutes away from local parks, theaters, bars, and the best restaurants in town!