NOT LISTED FOR SALE

1001 Whipporwill Dr Berea, KY 40403

Estimated Value: $522,000 - $602,382

12 Beds
12 Baths
7,630 Sq Ft
$74/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $525,000 $69 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,400/month

4 Days on Market

Highlights

  • Cooling Available
  • Shannon Johnson Elementary School Rated A-
  • Heating Available

About This Home

As of June 2022

Check out this cash cow rental property in a great location! This meticulously maintained 6 unit apartment complex is fully occupied and has 12 bedrooms, 12 bathrooms, and plenty of parking space! Being conveniently located to downtown Berea, restaurants, shopping, and the interstate makes this location ideal for any future tenants. So if you are a new investor, seasoned investor, or simply looking for an opportunity to diversify your portfolio.. You do not want to miss out on this one! Private viewings will be restricted due to tenants privacy and safety, please call today to set up a viewing.

Last Agent to Sell the Property

Ross Cummins

Keller Williams Legacy Group Listed on: 05/19/2022

Last Buyer's Agent

Doreen Taylor

Berkshire Hathaway de Movellan Properties License #217951

Berkshire Hathaway de Movellan Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,030

Year Built

  • Built in 2005

Lot Details

  • 0.36 Acre Lot

Parking

  • 35 Parking Spaces

Home Design

  • Shingle Roof

Interior Spaces

  • 7,630 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Schools

  • Shannon Johnson Elementary School
  • Foley Middle School
  • Madison So High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 0060-0030-0138

Community Details

Overview

  • 6 Units
  • Beaumont Subdivision

Building Details

  • Trash Expense $98
  • Gross Income $4,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,030

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 2005
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • LivingArea: 7630.0
  • Lot Size Area: 0.36
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 525000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site
  • Total Parking Spaces: 35.0

Utilities

  • Heating: Electric
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected

Fee Information

  • Trash Expense: 98.0

Schools

  • Elementary School: Shannon Johnson
  • High School: Madison So
  • Middle or Junior School: Foley

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682.0
  • Parcel Number: 0060-0030-0138
  • Zoning Description: multi family

Multi Family

  • Gross Income: 4075.0
  • Number of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 18, 2021
Sold by
Schneider Rentals Llc
Bought by
Porprty Manage Ment Llc
Seller's Agent
Ross Cummins
Keller Williams Legacy Group
Buyer's Agent
Roger Fields
Kentucky Real Estate Group
List Price
$465,000
Sold Price
$484,000
Premium/Discount to List
$19,000
4.09%
Current Estimated Value
$562,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,191
Avg. Annual Appreciation
3.91%

Purchase Details

Closed on
Jul 2, 2020
Sold by
Rhodus David and Rhodus Donna
Bought by
Schneider Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Porprty Manage Ment Llc $484,000 None Available
Schneider Rentals Llc $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Rentals Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $525,000 0.0% $69 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $525,000 +8.5% $69 / Sq Ft
11/18/2021 11/18/21 Sold $484,000 +4.1% $63 / Sq Ft View Prior Sale
11/01/2021 11/01/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $465,000 -- $61 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $5,030 $525,000 $0 $0
2023 $5,093 $525,000 $0 $0
2022 $4,709 $484,000 $0 $0
2021 $3,072 $310,000 $0 $0
2020 $3,035 $300,000 $0 $0
2019 $3,050 $300,000 $0 $0
2018 $3,049 $300,000 $0 $0
2017 $3,016 $300,000 $0 $0
2016 $2,992 $300,000 $0 $0
2015 $2,919 $300,000 $0 $0
2014 $2,871 $300,000 $0 $0
2012 $2,871 $300,000 $40,000 $260,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ross Cummins

    Keller Williams Legacy Group

  • Doreen Taylor

    Buyer's Agent in 2022

    Doreen Taylor

    Berkshire Hathaway de Movellan Properties

    (859) 240-5326

    66 Total Sales

    Doreen Taylor
    Section Image

  • R

    Buyer's Agent in 2021

    Roger Fields

    Kentucky Real Estate Group

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22010276

ImagineMLS (Bluegrass REALTORS®)

APN: 0060-0030-0138

Kentucky Madison County Berea 40403

1001 Whipporwill Dr, Berea, KY

This home is located at 1001 Whipporwill Dr, Berea, KY 40403 since 19 May 2022 and is currently estimated at $562,191, approximately $73 per square foot. This property was built in 2005. 1001 Whipporwill Dr is a home located in Madison County with nearby schools including Shannon Johnson Elementary School, Foley Middle School, and Madison Southern High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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