Charming 4-Bedroom Home with Inground Pool & Endless Potential! Welcome to 513 Lake Ave, a spacious 4-bedroom, 1-bath home located in the heart of Franklin. This property offers a unique opportunity for investors, flippers, or homeowners looking to personalize their space. Featuring a large unfinished basement with room to expand, this home is bursting with potential. Step inside to find generously sized bedrooms, a functional layout. The backyard is a hidden gem, boasting an inground pool that just needs a new liner to be summer-ready. With some updates and vision, this property can truly shine. Conveniently located near schools, parks, shopping, and major highways.
Sold for $140,000
$140,000
513 Lake Ave, Franklin, OH 45005
4beds
1,200sqft
Single Family Residence
Built in 1950
-- sqft lot
$143,300 Zestimate®
$117/sqft
$1,860 Estimated rent
Home value
$143,300
$130,000 - $158,000
$1,860/mo
Zestimate® history
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$948/mo
Est. payment
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Est. payment
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List your homeWhat's special
Inground poolFunctional layoutLarge unfinished basementGenerously sized bedroomsHidden gem
Zillow last checked:
Listing updated:
Listed by:
Michelle Schmit 513-680-7408,
Plum Tree Realty 513-443-5060
Bought with:
Michelle Schmit, 2020007261
Plum Tree Realty
Source: Cincy MLS,MLS#: 1846027
Originating MLS: Cincinnati Area Multiple Listing Service
Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Area: 187
- Dimensions: 17 x 11
Bedroom 2
- Level: First
- Area: 132
- Dimensions: 12 x 11
Bedroom 3
- Level: Second
- Area: 187
- Dimensions: 17 x 11
Bedroom 4
- Level: Second
- Area: 187
- Dimensions: 17 x 11
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Primary bathroom
- Features: Shower
Bathroom 1
- Features: Full
- Level: First
Dining room
- Features: WW Carpet
- Level: First
- Area: 165
- Dimensions: 15 x 11
Family room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Area: 168
- Dimensions: 14 x 12
Living room
- Features: Wall-to-Wall Carpet
- Area: 180
- Dimensions: 15 x 12
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Oven/Range, Refrigerator, Electric Water Heater
Features
- Windows: Vinyl
- Basement: Full,Bath/Stubbed,Concrete,Unfinished,Glass Blk Wind
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has private pool: Yes
- Pool features: In Ground
- Fencing: Metal,Wood
- Has view: Yes
- View description: City
Lot
- Features: Less than .5 Acre
Details
- Parcel number: 0204234014
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block
- Roof: Asbestos Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Gas: None
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: No
Community & HOA
HOA
- Has HOA: No
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $136,250
- Annual tax amount: $2,108
- Date on market: 6/26/2025
- Listing terms: No Special Financing,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2025 | Sold | $140,000-3.4%$117/sqft |
Source:  Cincy MLS #1846027 Report a problem | ||
| 6/28/2025 | Pending sale | $145,000$121/sqft |
Source: Cincy MLS #1846027 Report a problem | ||
| 6/27/2025 | Listed for sale | $145,000$121/sqft |
Source: Cincy MLS #1846027 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,914 +8.3% | $47,680 |
| 2024 | $1,767 +19% | $47,680 +27.6% |
| 2023 | $1,484 +2% | $37,380 +0% |
| 2022 | $1,455 +5.6% | $37,373 |
| 2021 | $1,378 +19.4% | $37,373 +25% |
| 2020 | $1,154 +10.1% | $29,897 |
| 2019 | $1,048 -15.1% | $29,897 |
| 2018 | $1,235 -4.7% | $29,897 +2.3% |
| 2017 | $1,296 -1.7% | $29,225 |
| 2016 | $1,318 0% | $29,225 |
| 2015 | $1,318 -2.2% | $29,225 0% |
| 2014 | $1,347 +34.7% | $29,230 -10.7% |
| 2013 | $1,000 -0.7% | $32,720 |
| 2012 | $1,008 -0.3% | $32,720 +0.1% |
| 2011 | $1,011 +3.4% | $32,680 |
| 2010 | $978 +3.1% | $32,680 |
| 2009 | $949 +0% | $32,680 |
| 2008 | $949 | $32,680 |
| 2007 | -- | $32,680 +8.6% |
| 2006 | -- | $30,080 -1.1% |
| 2005 | -- | $30,410 |
| 2004 | -- | $30,410 |
| 2003 | -- | $30,410 +15% |
| 2002 | -- | $26,450 |
| 2001 | -- | $26,450 |
| 2000 | -- | $26,450 +7% |
| 1999 | -- | $24,720 |
Find assessor info on the county website
Neighborhood: 45005
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Nearby schools
GreatSchools rating
- NAWilliam C Schenck Elementary SchoolGrades: KDistance: 1.1 mi
- 4/10Franklin Junior High SchoolGrades: 5-8Distance: 1.5 mi
- 4/10Franklin High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$143,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$143,300
- Ohio
- Warren County
- Franklin
- 45005
- 513 Lake Ave
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