2 months on rocket

Sale Pending

516 Mclain St, Dayton, OH, 45403

$240,000

Home List Price

$2,850*

Closing Credit

4 Bedrooms
2 Full Baths
4,000 SqFt
$60/SqFt
House
Schools Nearby

Location

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516 Mclain St, Dayton$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking4 or More, Detached, Opener, Storage
Year Built1892
HeatingHot Water, Steam, Natural Gas
CoolingNone
BasementYes
FireplaceGas, Inoperable, Three or More
MLS #904149
Lot Size0.22 Acres
StatusSale Pending
(Pending)

About 516 Mclain St

In 1892, Frank Joyce had this 4,000 sq.ft. elegant home built for his family. Although the house still stands proud atop St. Anne's Hill, the years have taken a toll. There are 10 large rooms with high ceilings and elaborate plaster work, but water from previous roof leaks has done some damage to the plaster (no current leaks). Fortunately, much of the elaborate ceiling and crown molding details have been spared any damage. Despite the neglect and ill-advised painting that have marred its beauty, the millwork (including four sets of 8' tall pocket doors) remains as evidence of the wealth of the original owner. The 35 windows and 6 exterior doors are all the original units, but they also suffer from deferred maintenance. A walk through the full (2,000 sq.ft.+/-), deep basement shows how sturdy this home is, but also shows how old the mechanical systems are. The 3rd floor ballroom (1,000 sq.ft. in addition to the 4,000 on the 1st and 2nd floors) has been partitioned into rooms as it was once a separate apartment. Restoring this home to its past grandeur will take time and money, but the current asking price is half or less of its potential value once the work is done. The well known "Steamboat House", which is next door, is in the final stages of just such a total restoration. It is of a similar size, age and quality. A few final notes: 1. 70% of the roof was reshingled 6 years ago (rear and east side); 2. the 3,000 sq.ft.+/- brick carriage house includes an apartment on the 2nd floor as well as space for 5 cars.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1892
  • Stories: 2
  • Living Area: 4,000 SqFt

Listing Office:

  • Office Name: Joe Dierkers Realty
  • Listing Agent: Joseph A Dierkers

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes
  • Interior: Gas Water Heater
  • Fireplace: Gas, Inoperable, Three or More

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Deck, Fence, Patio, Porch

Parking Information:

  • Parking: 4 or More, Detached, Opener, Storage

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Steam, Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Belmont High School, Public District Grades 7-12
  • Wright Brothers Middle School, Public District Grades 7-8
  • Ruskin PreK-6 School, Public District Grades PK-6

Other

Directions Information:

  • Directions: From Wayne & 5th (Oregon District), proceed east on 5th for a half mile to High Street (across from Stivers High School). Turn right (south) for 1 block to McLain Street. Turn right again and travel 1.5 blocks to #516 on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000
  • Price Per SqFt: $60/SqFt
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Housing Market Comparison

See how this home compares to others in Dayton, OH.

Med. Sold Price

$182.4K

Med. Price/SqFt

$127

Avg. Days On Market

61

# of Sold Homes

370

516 Mclain St vs Dayton

75 DAYS ON ROCKET

+14 Days

$240,000

+$57.5K More

$60/SqFt

-$67 Less

KEY TAKEAWAY

This property is $57.5K more than the Median Sold Price and $67/SqFt less than other homes in Dayton, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Dayton Area Board of REALTORS®
  • MLS Number: #904149

Listing Office:

  • Office Name: Joe Dierkers Realty
  • Listing Agent: Joseph A Dierkers

IDXThis information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 2:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3471082
3
/10
  • Ruskin PreK-6 School

  • 407 Ambrose Ct

  • 0.34 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3471083
2
/10
  • Wright Brothers Middle School

  • 1361 Huffman Ave

  • 1.64 miles

  • Public District Grades 7-8

High School

school-card-donut-3471084
2
/10
  • Belmont High School

  • 2615 Wayne Ave

  • 1.56 miles

  • Public District Grades 7-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,300. The most common annual income of people living in Dayton, OH is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 516 Mclain St

What is the listing price of this property?

The listing price of 516 Mclain St property is $240,000.

What type of property is this?

The property 516 Mclain St is a house located in Dayton, Ohio, 45403.

Is this property for sale now?

Sale Pending: 516 Mclain St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 516 Mclain St are:
Ruskin PreK-6 School: GreatSchools Rating 3/10
Wright Brothers Middle School: GreatSchools Rating 2/10
Belmont High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 516 Mclain St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 516 Mclain St is 4,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 516 Mclain St is 1892.

Rocket HomesOhioMontgomery CountyDayton45403516 Mclain St

This home is located at 516 Mclain St in Dayton, OH and zip code 45403 in the Historic Inner East neighborhood. This 4,000 square foot home, which was built in 1892, sits on a 0.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $240,000.

While more than 107 listings in Dayton, OH in March 2024 were sold above asking price, there were more than 83 listings sold at asking price, and more than 180 were sold below. The inventory of homes for sale in Dayton, OH between February 2024 and March 2024 increased by 5.3%. In March 2024 median list price was $182,474 and the average listing age was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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