The first house that my wife and I ever owned is up for sale.

It was built in 1919, yet when we bought it in 1997, we were only the second owners. (More on that below.) The price tag was $80,000, but we took out a loan for an extra $25K to make some long overdue upgrades (HVAC, roof, windows, upgrading the wiring, remediating termite damage… the unsexy stuff you never see on HGTV).

In 2001, with Baby #1 being quite ambulatory and Baby #2 on the way, we knew we needed more space on a street with less traffic. We sold our house for $115,000 and felt lucky to do so, seeing as was right off a busy four-lane throughfare, right across the street from a used car lot and right next door to a 24-hour chili restaurant that didn’t attract the most desirable clientele, especially in the wee hours of the night.

The current owners (the folks to whom we sold) have made some cosmetic upgrades, but nothing elaborate. The layout is still choppy, two of the three bedrooms are small by today’s standards, the kitchen is still tiny (and still features the tile floor that my college roommate Art helped me install… and by “helped me install” I mean he did the work while I watched.)

Nice job, Art!

I’ll grant you that the neighborhood has improved dramatically since we departed. In fact, my wife and I always joke that the powers-that-be waited until we moved out and then said “OK, now that they’re gone, we can finally turn this area into a hipster hotbed.” The 24-hour restaurant is now a fitness studio. The Hardees a block away has transformed into an Indian restaurant. The old Red Wing shoe store site has become one of the hottest brunch spots in town. The big-box home improvement store a block east (R.I.P, HQ) is now a megachurch where 30,000 attend services each weekend. The old cardboard factory across the main drag from the church is a local brewery’s gleaming new HQ, complete with a ginormous taproom that’s constantly packed. (You can’t swing a dead cat without hitting five bearded millennials.)

But the view from the master bedroom windows is still a used car lot.

And the house is still on a lot the size of a postage stamp (remember postage stamps?).

Here’s the new price tag:

$309,000? Are you crazy? This isn’t San Francisco or Seattle.

The Cincinnati housing market is hot, but it ain’t that hot.

More power to them if they can get that much for our old house. I just hope they take a page from the book of the original owner and manage their money wisely, as explained in this column that appeared in the Cincinnati Enquirer shortly after we moved into the house:

BY LAURA PULFER
The Cincinnati EnquirerRuth Koehl left almost $4 million to strangers. No strings. Except that the money must be used to help people in Cincinnati. What a nice string.

And what an exceptional woman. Described by a friend as ”an astute businesswoman who could dominate a corporation, well before it was fashionable to do so,” she walked to her neighborhood hardware store to use the copying machine for her Wall Street Journal clippings.

It cost her only a nickel there. Copies are 10 cents most everywhere else.

Miss Ruth Caroline Koehl (pronounced Kale) was born in 1903 in the family home on Reading Road near Florence Avenue in Walnut Hills. When she was 16, her father, Harry, built a house on Appleton Street in Oakley for his wife, Emma, and Ruth and her sister, Elmira.

Miss Koehl lived in that house until June 1996, when she died at age 93 of a stroke. A nice brick house, small with some pretty stained glass, it sold recently for $80,000. She drove a 1979 Oldsmobile Cutlass sedan, immaculately maintained, just like her little house.

This money, $3.8 million in an unrestricted endowment to the Greater Cincinnati Foundation, belonged to her. She earned it as a business executive and tended it as a shrewd investor. A 1921 graduate of Hughes High School, she attended the University of Cincinnati Evening College while working during the day.

Her last job, her favorite, was as comptroller of a Bellevue, Ky., company that made hardware, medicine cabinets and light fixtures. She retired while only in her 80s, so she had a lot of energy left to complain about, for instance, zoning.

”We had our differences,” says Jack Staudt. Miss Koehl opposed the zoning change that let his restaurant move next door to her. ”She was very well spoken and very professional. But she could be a pain.”

I feel confident that Miss Koehl would revel in that last bit of information.

She was not a helpless, lonely little old lady. She was a strong and confident woman who lived a long time. Long enough to outlive most of her family, except for a few second cousins. Elmira died in 1987. But she had people. People who chose her.

She spent holidays with Bonnie Powell and her family. ”She was terribly intelligent, could think rings around almost anybody else,” says Mrs. Powell, who knew Miss Koehl for 50 years. ”She was brilliant. And fun.”

Jane Greene, daughter of the family that owned the Delta Queen, remembers her as a frequent passenger, ”very popular and a great dancer.” Jane’s brother, Tom, says she looked like Fay Wray, King Kong’s beautiful blond co-star.

”She liked the idea of educating women in business,” Mrs. Powell says. ”I always thought maybe she’d fund some kind of scholarship. She never got to it.”

Well, let’s see. What has Miss Koehl taught us?

You can do a lot worse in life than live in a nice house in a real neighborhood, where you could pick the occasional fight and still get the polite respect of your opponents. And you can’t buy or rent the friendship of somebody like Bonnie Powell. Or the admiration of a boy who thinks you look like a movie star.

Her money will go to whatever we need around here. The arts, health, human services, the environment and education. No strings. Whatever we need.

Or she could have built a mansion with a gazillion bedrooms and hot and cold running servants. And she could have driven a car that cost more than the house on Appleton.

She could have.

But, of course, Ruth Caroline Koehl knew the value of a dollar.