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Exploring Neighborhood Stabilization and Growth: Insights from Tammy Murphy, REALTOR

Join Tammy Murphy, e-Pro REALTOR, as she provides valuable insights on neighborhood stabilization, renovation opportunities, and future growth prospects in Dayton. Discover how homeowners can enhance property value through perceived benefits like tax incentives and repair funds. With an overview of current real estate statistics, including foreclosure stages and active listings, this presentation emphasizes the importance of community engagement and maintaining property standards. Learn how we can help homeowners feel invested in their neighborhoods.

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Exploring Neighborhood Stabilization and Growth: Insights from Tammy Murphy, REALTOR

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  1. Neighborhood Tour Presented by: Tammy Murphy, e-Pro REALTOR Dayton Neighborhood Stabilization / Renovation / Future Growth

  2. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  3. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  4. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  5. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  6. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  7. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  8. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  9. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  10. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  11. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  12. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  13. Purchased May 01, 1993 for $89,435 • Current Tax Assessed Value = $110,290 • Scheduled for Sheriff Sale on July 16, 2010 • Sheriff Appraised Value = $54,000 • Minimum Bid Acceptable = $36,000 • How do we provide VALUE to a Home Owner? Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  14. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  15. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  16. Current Home Owners MUST feel they have a reason to STAY in their own neighborhood • There has to be PERCEIVED VALUE • Give them “something” to maintain the property to the acceptable standards • Tax Incentives • Rebates • LOW INTEREST FUNDS available for repairs Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  17. Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  18. 1,170 Properties • 26 In Current Foreclosure Stages • 20 Bank-Owned Parcels (last 12 months) • 44 Commercial-Type Properties • 36 Public-Type Properties • 101 Apartments • 174 Duplex, Triplex, Quad • 57 Vacant Land Parcels • 752 Single Family Residence • 523 Owner-Occupied • 472 Absentee Owner (151 of those are out-of-state owners) • 252 Company-Owned Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  19. Currently there are 34 Single Family Homes Listed For Sale with a Realtor • The minimum listing price is $8,400, with an Average of $34,956 • There are an additional 11 multi-family units listed with a Realtor, minimum price $4,900 • This does not include For Sale By Owner • Recent Property Activity (through Realtors) • 1 Pending Sale • 47 Sold (within 6 mths), Minimum Sell Price $2,500, with an Average Sale Price of $15,489 • Compare with 2006/2007 • 179 Sold, Minimum Sell Price $4,900, with an Average Sale Price of $31,855 Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

  20. Additional Properties that are up for Sheriff Sale: • 7/23/20102009 CV 06119148 SANTA CLARA AVENUE, DAYTON45405$18,000.00 $12,000.00 ACTIVE • 7/23/20102009 CV 07054357 DELAWARE AVENUE, DAYTON45405$36,000.00 $24,000.00 ACTIVE • 7/23/20102009 CV 08868822-824 FIVE OAKS AVENUE, DAYTON45406$9,000.00 $6,000.00 ACTIVE • 8/13/20102008 CV 09947142 W NORMAN AVENUE, DAYTON45405$21,000.00 $14,000.00 ACTIVE Presented by: Tammy Murphy, REALTOR Exit Realty Partners, 937-838-0997

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