NOT LISTED FOR SALE

101 Lester St Berea, KY 40403

Estimated Value: $192,623 - $198,000

5 Beds
3 Baths
1,518 Sq Ft
$129/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $160,000 $105 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,131/month

66 Days on Market

About This Home

As of March 2023

Money Maker! This investment property is sure to appeal to those who wish to make some instant cash flow! Nestled in the heart of Berea and within walking distance to amenties such as banking, shopping and the interstate is this charming triplex! The location makes this an ideal location to attract and keep quality tenants. Rent has not been raised for several years. All units are occupied and have been for years! Listing agent does have interest in the property. Photos coming soon!

Last Agent to Sell the Property

Becky McNabb

WEICHERT REALTORS - Ford Brothers License #197338 Listed on: 11/22/2022

WEICHERT REALTORS - Ford Brothers

Last Buyer's Agent

David Pennington

Century 21 Pinnacle License #215092

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,518 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Berea Community Elementary And Middle School
  • Berea Community High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Listing and Financial Details

  • Assessor Parcel Number City of Berea

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Building Details

  • Vacancy Allowance $100
  • Gross Income $1,375

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Triplex
  • Structure Type: Triplex
  • Year Built: 1952
  • New Construction: No
  • Roof:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • LivingArea: 1518.0
  • Lot Size Area: 0.19
  • Total Stories: 2

Exterior Features

  • Roof: Composition
  • List Price: 169000.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Berea Community
  • High School: Berea Community
  • Middle or Junior School: Berea Community

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel Number: City of Berea
  • Zoning Description: residential

Multi Family

  • Number of Units Total: 3
  • Vacancy Allowance Rate: 100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2023
Sold by
Ramsey Katherine Sue
Bought by
Katherine Ramsey Irrevocable Trust and Ramsey
Current Estimated Value
$195,312

Purchase Details

Listed on
Nov 22, 2022
Closed on
Mar 28, 2023
Sold by
Lunsford Pamela Ni and Lunsford Douglas
Bought by
Ramsey Katherine
Seller's Agent
Becky McNabb
WEICHERT REALTORS - Ford Brothers
Buyer's Agent
David Pennington
Century 21 Pinnacle
List Price
$179,900
Sold Price
$160,000
Premium/Discount to List
-$19,900
-11.06%
Views
196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$160,000
Interest Rate
6.32%
Mortgage Type
VA

Purchase Details

Listed on
Aug 6, 2019
Closed on
Oct 28, 2019
Sold by
Newcomb Larry Christopher and Newcomb Lauren E
Bought by
Triple M Llc
Seller's Agent
Kenny Howell
Century 21 Pinnacle
Buyer's Agent
Kenny Howell
Century 21 Pinnacle
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.32%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Katherine Ramsey Irrevocable Trust $144,000 None Listed On Document
Ramsey Katherine $160,000 --
Triple M Llc $90,000 Jett Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramsey Katherine $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2023 03/28/23 Sold $160,000 -5.3% $105 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
12/28/2022 12/28/22 Price Changed $169,000 -6.1% $111 / Sq Ft
11/22/2022 11/22/22 For Sale $179,900 +24.9% $119 / Sq Ft
06/30/2021 06/30/21 Sold $144,000 -9.9% $57 / Sq Ft View Prior Sale
06/16/2021 06/16/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $159,900 +77.7% $64 / Sq Ft
10/28/2019 10/28/19 Sold $90,000 0.0% -- View Prior Sale
09/24/2019 09/24/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $90,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

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 $1,382 $165,000 $0 $0
2024 $1,397 $165,000 $0 $0
2023 $1,884 $144,000 $0 $0
2022 $1,827 $144,000 $0 $0
2021 $1,211 $90,000 $0 $0
2020 $1,184 $90,000 $0 $0
2019 $1,155 $85,000 $0 $0
2018 $1,132 $85,000 $0 $0
2017 $1,110 $85,000 $0 $0
2016 $1,080 $85,000 $0 $0
2015 $968 $85,000 $0 $0
2014 $968 $85,000 $0 $0
2012 $968 $75,000 $75,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Becky McNabb

    Seller's Agent in 2023

    Becky McNabb

    WEICHERT REALTORS - Ford Brothers

    (606) 308-3731

    16 in this area

    87 Total Sales

    Becky McNabb
    Section Image

  • D

    Buyer's Agent in 2023

    David Pennington

    Century 21 Pinnacle

    (859) 358-6083

    16 in this area

    45 Total Sales

    David Pennington
    Section Image

  • K

    Seller's Agent in 2021

    Kenny Howell

    Century 21 Pinnacle

    (859) 979-0462

    9 in this area

    18 Total Sales

    Kenny Howell
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22025359

ImagineMLS (Bluegrass REALTORS®)

APN: B006-0007-0029

Kentucky Madison County Berea 40403

101 Lester St, Berea, KY

Not Listed for Sale

MultiFamily

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