NOT LISTED FOR SALE

11 E Lakeside Ave Lakeside Park, KY 41017

Estimated Value: $634,393

8 Beds
4 Baths
4,992 Sq Ft
$127/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $480,150 $96 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,883/month

3 Days on Market

Highlights

  • Mini Split Air Conditioners
  • 4 Car Garage
  • Heating System Uses Steam
  • River Ridge Elementary School Rated A-

About This Home

As of January 2021

Great Investment Opportunity. 4 Units, 3 are rented with long term tenants, 1 was recently vacated, but move in ready. Building is in the desirable Lakeside Park area. Very easy to rent. Unit 4 was completely updated in the last 2 years. The others have not been updated, but are in very good condition. Tenants pay own gas and electric. Owner pays common area electric, water, and gas for water heater.

Last Agent to Sell the Property

Ella Mae Denigan

Hillcrest Realty, LLC License #187584 Listed on: 12/11/2020

Last Buyer's Agent

Mike McKeown

Huff Realty - Florence License #186189

Huff Realty - Florence

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,921

Year Built

  • Built in 1965

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x162

Parking

  • 4 Car Garage
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Membrane Roofing

Interior Spaces

  • 4,992 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • River Ridge Elementary School
  • Turkey Foot Middle School
  • Dixie Heights High School

Utilities

  • Mini Split Air Conditioners
  • Central Air
  • Radiant Heating System
  • Furnace
  • Heating System Uses Steam
  • Separate Meters

Community Details

  • 4 Units
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • The owner pays for electricity, sewer, water
  • Assessor Parcel Number 028-20-06-709.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,921

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Cooling: Central Air
  • Property Sub Type: Multi Family
  • Owner Pays: Electricity, Sewer, Water
  • Lot Size Acres: 0.26
  • Year Built: 1965
  • Lot Size: 75x162
  • Directions: Dixie Hwy to Lakeside Ave- Building is on the right
  • New Construction: No
  • Structure Type: Quadruplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: River Ridge Elementary
  • Location Tax Legal Info:Middle or Junior School: Turkey Foot Middle School
  • Location Tax Legal Info:High School: Dixie Heights High
  • Contract Info:Auction YN: No
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 75x162
  • Cooling:Central Air: Yes
  • Parking Features Parking Total: 4
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke Energy
  • Utilities Gas Company: Duke Energy
  • Water Company: Northern Kentucky Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.26
  • General Property Description:Living Area: 4992.0
  • General Property Description:Lot Size Square Feet: 11325.6
  • Location Tax Legal Info:Tax ID: 028-20-06-709.00
  • Appliances Refrigerators: Yes
  • Foundation:Block4: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 4
  • Levels:Two2: Yes
  • Property Ownership:Corporate: Yes
  • Roof:Membrane: Yes
  • Owner Pays:Electricity4: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None

Interior Features

  • Heating: Radiant, Steam
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat
  • Number Of Buildings: 1
  • Appliances: Dryer, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 4992.0
  • Window Features: Vinyl Clad Window(s)
  • Full Basement: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Membrane
  • Construction Type: Brick
  • Foundation Details: Block
  • Construction Materials:Brick2: Yes
  • Window Features:Vinyl Clad Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Garage Faces Rear, Off Street
  • Total Parking Spaces: 4.0
  • General Property Description:Garage Spaces: 4.0
  • Parking Features:Garage5: Yes
  • Parking Features:Off Street2: Yes
  • Parking Features:Garage Faces Rear: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Steam2: Yes
  • Heating:Radiant2: Yes

Schools

  • Elementary School: River Ridge Elementary
  • Junior High Dist: Kenton Co Public
  • High School: Dixie Heights High
  • Middle Or Junior School: Turkey Foot Middle School

Lot Info

  • Lot Size Sq Ft: 11325.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Vacancy Allowance Rate: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 15, 2021
Sold by
Pmg Holdings Llc
Bought by
Mckeown Michael R and Michael R Mckeown Trust
Seller's Agent
Ella Mae Denigan
Hillcrest Realty, LLC
Buyer's Agent
Mike McKeown
Huff Realty - Florence
List Price
$495,000
Sold Price
$480,150
Premium/Discount to List
-$14,850
-3%
Current Estimated Value
$634,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,243
Avg. Annual Appreciation
6.18%
Original Mortgage
$360,112
Outstanding Balance
$325,060
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$306,588

Purchase Details

Closed on
Oct 16, 2018
Sold by
Gleason Patrick J and Gleason Melanie A
Bought by
Pmg Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2018
Sold by
Wditot Llc
Bought by
Gleason Patrick J and Gleason Melanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2016
Sold by
Erpenbeck Brian C and Erpenbeck Christa L
Bought by
Wditot Llc and Erpenbeck Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2010
Sold by
Erpenbeck Brian C
Bought by
Wditot Llc and Erpenbeck Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2006
Sold by
Erpenbeck Brian C and Erpenbeck Brian Charles
Bought by
Wditot Llc and Erpenbeck Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2006
Sold by
Erpenbeck Patricia Devore and Erpenbeck Patricia L
Bought by
Erpenbeck Brian Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2004
Sold by
Jefferies Mary Ann and Jefferies Patrick
Bought by
Erpenbeck Brian Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.66%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Mckeown Michael R $480,150 None Available
Pmg Holdings Llc -- Agility Closing & Title Serv
Gleason Patrick J $350,000 Agility Closing & Title Serv
Wditot Llc -- Attorney
Erpenbeck Brian C -- Attorney
Wditot Llc -- None Available
Erpenbeck Brian C -- None Available
Wditot Llc -- None Available
Erpenbeck Brian Charles -- None Available
Erpenbeck Brian Charles $105,000 --
Erpenbeck Patricia Devore -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeown Michael R $360,112
Previous Owner Gleason Patrick J $262,500
Previous Owner Erpenbeck Brian C $172,000
Previous Owner Erpenbeck Brian C $200,000
Previous Owner Erpenbeck Brian Charles $216,000
Previous Owner Erpenbeck Brian Charles $216,000
Previous Owner Erpenbeck Brian Charles $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $480,150 -3.0% $96 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $495,000 -- $99 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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 $4,921 $480,100 $55,000 $425,100
2023 $5,118 $480,100 $55,000 $425,100
2022 $5,438 $480,100 $55,000 $425,100
2021 $4,126 $350,000 $55,000 $295,000
2020 $4,168 $350,000 $55,000 $295,000
2019 $4,180 $350,000 $55,000 $295,000
2018 $3,080 $250,000 $55,000 $195,000
2017 $3,000 $250,000 $55,000 $195,000
2015 $2,686 $250,000 $55,000 $195,000
2014 $2,641 $250,000 $55,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 544447

Northern Kentucky Multiple Listing Service

APN: 028-20-06-709.00