NOT LISTED FOR SALE

1049 Merrick Dr Unit A & B Richmond, KY 40475

Estimated Value: $291,000 - $314,000

6 Beds
4 Baths
2,400 Sq Ft
$125/Sq Ft Est. Value

Last Sold January 07, 2021

Last sale price $199,500 $83 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,735/month

3 Days on Market

About This Home

As of January 2021

INVESTORS!! All brick duplex 100% occupied. Easy access to EKU. Each unit has 3 bedrooms and 2 baths. Great location with easy access to EKU and Eastern ByPass. Seller will show each unit for serious buyers only. Asking price is firm.

Last Agent to Sell the Property

Christine Adams

Signature Bluegrass Realty License #240435 Listed on: 11/19/2020

Last Buyer's Agent

Ted Payne

Reliance One Realty License #247901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,911

Year Built

  • Built in 2003

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • 2,400 Sq Ft Home
  • Duplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Daniel Boone Elementary School
  • Clark-Moores Middle School
  • Madison Central High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • Gross Income $18,700

Listing and Financial Details

  • Assessor Parcel Number 2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,911

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 2003
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • LivingArea: 2400.0
  • Lot Size Area: 0.17

Exterior Features

  • Roof: Shingle
  • List Price: 199500.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Daniel Boone
  • High School: Madison Central
  • Middle or Junior School: Clark-Moores

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.21
  • Parcel Number: 2
  • Zoning Description: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2025
Sold by
Jackson Andrew and Jackson Jessica
Bought by
Guzman Properties Llc
Current Estimated Value
$301,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,751
Outstanding Balance
$216,978
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
$84,219

Purchase Details

Closed on
Oct 1, 2020
Sold by
Johnson Kathy and Lule David
Bought by
Signature Heating & Air Llc

Purchase Details

Closed on
Jul 7, 2020
Sold by
Signature Heating & Air Llc
Bought by
Jackson Andrew and Jackson Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,575
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2010
Sold by
Begley Wade
Bought by
Johnson Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,900
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2005
Sold by
Robbins Curtis Kent
Bought by
Jones Robert S and Jones Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,144
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Guzman Properties Llc $295,000 None Listed On Document
Signature Heating & Air Llc $175,000 None Available
Jackson Andrew $199,500 None Available
Johnson Kathy -- None Available
Jones Robert S $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Properties Llc $217,751
Previous Owner Jackson Andrew $169,575
Previous Owner Johnson Kathy $107,900
Previous Owner Jones Robert S $116,144
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2021 01/07/21 Sold $199,500 0.0% $83 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $199,500 -- $83 / 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 $1,911 $199,500 $0 $0
2023 $1,935 $199,500 $0 $0
2022 $273 $199,500 $0 $0
2021 $1,734 $175,000 $0 $0
2020 $1,801 $178,000 $0 $0
2019 $1,678 $165,000 $0 $0
2018 $1,677 $165,000 $0 $0
2017 $1,659 $165,000 $0 $0
2016 $1,646 $165,000 $0 $0
2015 $1,606 $165,000 $0 $0
2014 $1,579 $165,000 $0 $0
2012 $1,579 $165,000 $165,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Christine Adams

    Seller's Agent in 2021

    Christine Adams

    Signature Bluegrass Realty

    (859) 707-7455

    23 Total Sales

    Christine Adams
    Section Image
  • Ted Payne

    Buyer's Agent in 2021

    Ted Payne

    Reliance One Realty

    (859) 227-6736

    66 Total Sales

    Ted Payne
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20023540

ImagineMLS (Bluegrass REALTORS®)

APN: 0068-008D-0013

Kentucky Madison County Richmond 40475

1049 Merrick Dr Unit A & B, Richmond, KY

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