Property Features and Specifications
A grand piece of history stands at 229 S. Broadway St., Lebanon. It is nestled in the Greater Cincinnati suburban area, covering approximately 2.73 acres. The location offers diverse terrain options, providing an ideal backdrop for various outdoor activities. This historic mansion is a two-story structure reaching nearly 176 years in age. Boasting around 4,500 square feet of living space, the grounds include historically arranged areas. These enhance its appeal for outdoor entertaining or private gardens. The property is located near Cincinnati, where Laurel Court is recognized as a significant architectural and historical site. Surrounded by the downtown historic Lebanon area, the property’s high ceilings and modern updates complement its vintage charm. The mansion’s preserved architectural elements showcase mid-19th-century residential styles. It harmonizes modern living with historical significance in a seamless blend.
Sale and Market Observations
The sale of the historic 176-year-old mansion in Cincinnati for $1.1 million underscores the growing appetite for luxury heritage properties in the area. This reflects a significant shift in market trends as affluent buyers and investors increasingly favor unique, high-profile estates. Cincinnati’s luxury real estate segment experiences rising average sale prices, directly influenced by such transactions. The Francis Scott Key Bridge collapse exemplifies how infrastructure issues can have broad impacts on real estate dynamics, highlighting the need for stable infrastructure for ongoing market confidence. High-end transactions impact local real estate valuations in upscale neighborhoods like this, highlighting the influence of luxury home sales on broader market momentum. Further examining market trends, sales volume, and buyer behavior illustrates how the sale acts as a catalyst, spurring local market activity.
| Indicator | Value | Change |
|---|---|---|
| Median Home Price | $328,000 | +6.8% YoY |
| Average Luxury Price | $354,000 | +4.14% |
| Homes Sold in June | 1,776 | +13% |
These dynamics highlight a competitive environment. The market is marked by increased demand and strategic movements from both buyers and sellers.
Architectural and Interior Highlights
Amidst the enchanting allure of mid-19th-century architecture, the Cincinnati mansion stands as a symbol of timeless design and historic elegance.
The mansion aesthetics boast a two-story structure with high ceilings from 10 to 13 feet, enhancing its grandeur.
Nine fireplaces, including one near the entrance and another in the living room, accent the interior craftsmanship.
The property features a covered porch, stone patio, and an upper-level balcony, embodying classic design traits.
Inside, floor-to-ceiling windows flood spaces with natural light.
Four bedrooms and two-and-a-half bathrooms provide comfort.
The primary bedroom, with a walk-in closet and clawfoot tub, exemplifies historical luxury.
Kitchen highlights include granite countertops and modern appliances, blending classic allure with contemporary relevance.
Modern Renovations and Upgrades
Unparalleled historic allure meets the demanding realities of modern living as the Cincinnati mansion undergoes meticulous renovations and upgrades.
These historic renovations seamlessly fuse classic elegance with modern enhancements.
The electrical systems were carefully modernized, including discreetly integrated wiring and period-appropriate fixtures. This ensures both safety and aesthetic integrity.
Plumbing upgrades introduced efficient, discreet systems and eco-friendly fixtures maintaining historical charm.
Discrete HVAC systems now deliver comfort without disturbing the home’s historic interior.
Kitchen and bathroom areas have been expanded and modernized. They feature top-tier appliances while respecting the original design.
Energy efficiency improved with customized, historically consistent windows and eco-friendly insulation.
The incorporation of water-saving technologies has further enhanced the property’s eco-friendly appeal, demonstrating a commitment to sustainability without sacrificing performance.
These thoughtful enhancements effortlessly blend the past with the present.
The mansion’s grandeur remains undiminished while incorporating the conveniences of modern living.
Historical Significance and Location Appeal
Cincinnati’s mansions are rich in historical significance and strategically situated, offering a unique allure. The architectural tapestry of the city includes Italianate styles, distinguishing many homes with classical details and ornate designs. The Betts House, Cincinnati’s oldest surviving brick construction, exemplifies early 19th-century techniques. Meanwhile, homes like the Taft Museum connect deeply to Cincinnati’s socioeconomic history. These mansions often served as residences for key figures in commerce and politics, tying them to historical relevance. Their location advantages include proximity to vibrant neighborhoods, enhancing buyer interest for historic significance and substantial plots. Naples Botanical Garden adds serenity with its diverse plant collections, much like the lush environments surrounding some of Cincinnati’s historic estates.
| Mansion | Historical Relevance | Location Advantages |
|---|---|---|
| Betts | Early 19th-century design | Situated near local landmarks |
| Taft | Political historic impact | Proximity to cultural hubs |
| Moerlein | Brewing economy connection | Close to historical districts |
Assessment
The sale of the 176-year-old Cincinnati mansion for $1.1 million underscores a compelling narrative in today’s real estate scene. Heritage properties continue to captivate high-stakes investors.
This transaction highlights the intersection of historic allure and modern appeal. It offers both financial and cultural value.
Consequently, properties of this nature become increasingly scarce. Their significant market presence is undeniable.
Investors must remain vigilant and informed. Unique opportunities in historic real estate demand timely and strategic engagement.
3 Responses
Just 1.1M for a 176-year-old mansion? With those features and upgrades, Id expect it to go for at least 2M. Cincinnatis market is underrated!
Honestly, $1.1M for that relic? With those renovations, it should be in a museum, not the property market. Overpriced, in my opinion.
$1.1M for a 176-year-old mansion in Cincinnati? Is it just me or does anyone else think thats a steal? Whats the catch?