NOT LISTED FOR SALE

116 Salter Rd Berea, KY 40403

Estimated Value: $311,000 - $612,419

8 Beds
4 Baths
2,400 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $240,000 $100 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,528/month

About This Home

As of October 2021

Well maintained quad in great location between Berea & Richmond. Great investment opportunity! Units feature 2BR/1BA each as well as cosmetic upgrades, new windows, roof, exterior doors, etc. Don't miss out on this one.

Last Agent to Sell the Property

Branden Meeks

Keller Williams Legacy Group License #219861 Listed on: 09/14/2021

Keller Williams Legacy Group

Last Buyer's Agent

Branden Meeks

Keller Williams Legacy Group License #219861 Listed on: 09/14/2021

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,299

Year Built

  • Built in 1989

Lot Details

  • 0.31 Acre Lot

Home Design

  • Quadruplex
  • Metal Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Kirksville Elementary School
  • Farristown Middle School
  • Madison So High School

Utilities

  • No Cooling
  • Heating Available

Community Details

  • 4 Units
  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,299

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 1989
  • New Construction: No
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Lot Size Area: 0.31
  • Total Stories: 2

Exterior Features

  • Roof: Metal
  • List Price: 240000.0

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Other
  • Cooling: None
  • Cooling: No
  • Heating: Yes

Schools

  • Elementary School: Kirksville
  • High School: Madison So
  • Middle or Junior School: Farristown

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504.0
  • Parcel Number: 01
  • Zoning Description: single/multi

Multi Family

  • Number of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 18, 2021
Sold by
Alexander Chuck Dewayne and Alexander Michelle
Bought by
Flex Rentals Llc
Seller's Agent
Branden Meeks
Keller Williams Legacy Group
Buyer's Agent
Branden Meeks
Keller Williams Legacy Group
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$429,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,605
Avg. Annual Appreciation
16.28%
Original Mortgage
$408,000
Outstanding Balance
$373,669
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$55,936

Purchase Details

Closed on
Feb 10, 2017
Sold by
Reisig Katherine Ashey
Bought by
Alexander Chuck Dewayne and Alexander Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,111
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2005
Sold by
Madison Bank
Bought by
Reisig Christopher J and Reisig Katherine Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,085
Interest Rate
6.18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 8, 2005
Sold by
Hill Jonas and Hill Susan
Bought by
Madison Bank
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
Flex Rentals Llc $480,000 None Available
Alexander Chuck Dewayne $90,425 None Available
Reisig Christopher J $90,425 None Available
Madison Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flex Rentals Llc $408,000
Previous Owner Alexander Chuck Dewayne $1,613,000
Previous Owner Alexander Chuck Dewayne $1,540,111
Previous Owner Reisig Christopher J $18,085
Previous Owner Reisig Christopher J $72,340
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $240,000 0.0% $100 / Sq Ft
09/14/2021 09/14/21 For Sale $240,000 -- $100 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
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 $2,299 $240,000 $0 $0
2023 $2,328 $240,000 $0 $0
2022 $2,335 $240,000 $0 $0
2021 $896 $90,425 $0 $0
2020 $915 $90,425 $0 $0
2019 $919 $90,425 $0 $0
2018 $919 $90,425 $0 $0
2017 $909 $90,425 $0 $0
2016 $902 $90,425 $0 $0
2015 $865 $90,425 $0 $0
2014 $865 $90,425 $0 $0
2012 $865 $90,425 $90,425 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Branden Meeks

    Keller Williams Legacy Group

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20119884

ImagineMLS (Bluegrass REALTORS®)

APN: 071A-0000-0007

Kentucky Madison County Berea 40403

116 Salter Rd, Berea, KY

This home is located at 116 Salter Rd, Berea, KY 40403 since 14 September 2021 and is currently estimated at $429,605, approximately $179 per square foot. This property was built in 1989. 116 Salter Rd is a home located in Madison County with nearby schools including Kirksville Elementary School, Farristown 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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