K
Seller's Agent in 2021
Kenneth Keys
Positive Property Management
(651) 565-5276
1 in this area
15 Total Sales
100 Summit Dr Mount Sterling, KY 40353
2
Beds
1
Bath
29,580
Sq Ft
1.59
Acres
Highlights
- 1.59 Acre Lot
- Coin Laundry
- Heating System Uses Natural Gas
- Cooling Available
About This Home
As of November 2021Wonderful Investment property in the heart of Mt. Sterling located on the corner of W. Main Street and and the bypass. 35 total units, 22 renovated, 34 rented and 1 signing lease next week. Approx. 850 sq ft. 2 bedroom 1 bath units. Laundry room located next to the office. High demand rental market with very little offered available in the area. Tenants pay electric, Rental income 21,000+. Onsite property manager that will stay if property is sold.
Last Agent to Sell the Property
Positive Property Management License #217238 Listed on: 08/27/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1975
Lot Details
- 1.59 Acre Lot
Home Design
- Flat Roof Shape
Interior Spaces
- 29,580 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 55 Parking Spaces
- Paved Parking
Schools
- Montgomery Co High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 01 city
Community Details
Overview
- 3 Buildings
- 35 Units
- Downtown Subdivision
Additional Features
- Coin Laundry
- 1 Vacant Unit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 27, 2023
Sold by
Haas & Haas Properties Llc
Bought by
Mt Sterling Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,445,500
Outstanding Balance
$3,967,354
Interest Rate
0.53%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 1, 1975
Bought by
Springridge Apartments
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mt Sterling Properties Llc | $2,300,000 | -- | |
| Springridge Apartments | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mt Sterling Properties Llc | $4,445,500 | |
| Closed | Mt Sterling Properties Llc | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2021 11/08/21 | Sold | $1,850,000 | 0.0% | $63 / Sq Ft |
| 09/19/2021 09/19/21 | Pending | -- | -- | -- |
| 08/27/2021 08/27/21 | For Sale | -- | -- | -- |
| 08/26/2021 08/26/21 | Off Market | $1,850,000 | -- | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,836 | $2,615,000 | $0 | $0 |
| 2024 | $25,967 | $2,615,000 | $0 | $0 |
| 2023 | $18,130 | $1,850,000 | $0 | $0 |
| 2022 | $18,149 | $1,850,000 | $0 | $0 |
| 2021 | $9,386 | $950,000 | $0 | $0 |
| 2020 | $9,405 | $950,000 | $0 | $0 |
| 2019 | $8,946 | $900,000 | $0 | $0 |
| 2018 | -- | $900,000 | $100,000 | $800,000 |
| 2017 | -- | $900,000 | $100,000 | $800,000 |
| 2016 | -- | $900,000 | $100,000 | $800,000 |
| 2015 | -- | $900,000 | $100,000 | $800,000 |
| 2014 | -- | $900,000 | $100,000 | $800,000 |
| 2012 | -- | $900,000 | $100,000 | $800,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Keys
-
Randy Rodriguez
Buyer's Agent in 2021
Randy Rodriguez
Positive Property Management
(859) 433-3392
1 in this area
38 Total Sales
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 20118355
APN: 23M-30-14-028.00
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