NOT LISTED FOR SALE

1120 Trails End Unit 1 & 2 Somerset, KY 42503

Estimated Value: $268,321 - $299,000

4 Beds
4 Baths
2,354 Sq Ft
$121/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $215,000 $91 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,636/month

22 Days on Market

About This Home

As of September 2022

Four reasons the time might be right to buy rental property...soaring demand for housing, rising rents and property values and low mortgage rates. Diversify your Portfolio with the Asset Class of Real Estate! Yes rates on investment property has tipped up, but rising rents is following suit. Vacancy rates have declined and potentially can tighten. Duplex rental opportunity available in Somerset. Property updated and well maintained! 3 miles from boat ramp! Each unit features 2 bedroom upstairs, living/kitchen down, 1 bath 1/2 bath with laundry off kitchen , single car garage, large closets. New roof this year, many other updates throughout.

Last Agent to Sell the Property

Ginger Loveless

Realty World Dowell & Associates License #248477 Listed on: 09/13/2022

Last Buyer's Agent

Preston Brainard

EXP Realty, LLC License #271123

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,623

Year Built

  • Built in 1992

Lot Details

  • 1 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,354 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Southern Elementary And Middle School
  • Southwestern High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Community Details

  • 2 Units
  • Harris Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051-5-0-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,623

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1992
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • LivingArea: 2354.0
  • Lot Size Area: 1.0
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 255000.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Southern
  • High School: Southwestern
  • Middle or Junior School: Southern

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Sq Ft: 43560.0
  • Parcel Number: 051-5-0-10
  • Zoning Description: residential

Multi Family

  • Number of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Sep 16, 2022
Sold by
Stroh Maria
Bought by
Brainard Spencer L and Brainard Alyssa B
Seller's Agent
Ginger Loveless
Realty World Dowell & Associates
Buyer's Agent
Preston Brainard
EXP Realty, LLC
List Price
$255,000
Sold Price
$215,000
Premium/Discount to List
-$40,000
-15.69%
Views
8
Current Estimated Value
$284,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,080
Avg. Annual Appreciation
9.37%
Original Mortgage
$172,000
Outstanding Balance
$165,394
Interest Rate
6.11%
Mortgage Type
Construction
Estimated Equity
$118,686

Purchase Details

Closed on
Jul 19, 2010
Sold by
Stephens Norman L and Stephens Johanna
Bought by
Stroh Maria J
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
Brainard Spencer L $215,000 --
Stroh Maria J $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brainard Spencer L $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $215,000 -15.7% $91 / Sq Ft
09/13/2022 09/13/22 For Sale $255,000 0.0% $108 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $255,000 0.0% $108 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $255,000 -- $108 / 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
2025 $1,623 $215,000 $30,000 $185,000
2024 $1,591 $215,000 $30,000 $185,000
2023 $1,673 $215,000 $30,000 $185,000
2022 $1,026 $130,000 $130,000 $0
2021 $1,069 $130,000 $130,000 $0
2020 $1,076 $130,000 $130,000 $0
2019 $1,112 $130,000 $130,000 $0
2018 $1,094 $130,000 $130,000 $0
2017 $1,073 $130,000 $130,000 $0
2016 $1,073 $130,000 $130,000 $0
2015 $1,048 $130,000 $130,000 $0
2014 $1,021 $130,000 $130,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22012820

ImagineMLS (Bluegrass REALTORS®)

APN: 051-5-0-10