I would greatly appreciate your thoughts, advice and input on a simple question that I have.
I'm going to be listing a home very soon that is located in one of the top rated school districts in Ohio. The home is also located adjacent to a busy retail strip containing various businesses. (literally right behind a strip-center for one example)
I've spoken with the zoning folks and it sounds unlikely the home can be rezoned to commercial and even if it can be, it will be about a 6-month process. (my clients don't want to wait that long)
The home in question is located in is Symmes Township and the school district is, Indian Hill.
Indian Hill Ohio contains some of the most expensive real estate in Ohio. If I'm not mistaken, it IS the highest priced area in Ohio and home to many celebrities and corporate owners.
A few of the most recent residents of Indian Hill Ohio are; Marge Schott (former majority owner of the Cincinnati Reds); Carl Lendner (former owner of Chiquita Banana, Cincinnati Reds, Great American Insurance, United Dairy Farmers and much more); Rock star, Rod Stewart; and many more.
Many of the homes in Indian Hill sell in the multi-million dollar price range.
Symmes Township is located adjacent to Indian Hill and some of the homes in this area are in Sycamore School district while some of the others are in Indian Hill School district.
The home in question is older, but, in very good condition and sits on a corner lot. (several homes in the area are being purchased, torn down and replaced with brand-new LARGER homes)
My clients are curious about the pros and cons of having an appraisal done before we list their home.
My opinion of the price, based on the size of the home, etc, is about $239,000-$249,000.
I would greatly appreciate YOUR help!