NOT LISTED FOR SALE

148 Spring Circle Dr Berea, KY 40403

Estimated Value: $321,000 - $2,365,000

2 Beds
1 Bath
6,480 Sq Ft
$148/Sq Ft Est. Value

Last Sold March 20, 2014

Last sale price $130,000 $20 Per Sq Ft

Est. 640% increase in value since last sale

Current estimated payment $5,276/month

470 Days on Market

Highlights

  • Cooling Available
  • Shannon Johnson Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of March 2014

Beautiful 6-plex all in one building. Well maintained. Large, grassy common play area behind with rear fence. Each unit has a patio and privacy walls. Located on a one-entrance loop - no through traffic. Very quiet neighborhood.

Last Agent to Sell the Property

John Kendall

Kentucky Commercial Realty Listed on: 09/19/2012

Last Buyer's Agent

Andras Illes

RE/MAX Elite Lexington

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.35 Acre Lot

Home Design

  • 6,480 Sq Ft Home
  • Shingle Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 20 Parking Spaces
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

Overview

  • 6 Units
  • Madison Hills Subdivision

Building Details

  • 3 Vacant Units
  • Vacancy Allowance $50
  • Gross Income $1,225

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 1980
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 6480.0
  • Lot Size Area: 0.35

Exterior Features

  • Roof: Shingle
  • List Price: 235000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 20.0

Utilities

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

Schools

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

Lot Info

  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246.01
  • Zoning Description: Residential - apartments

Multi Family

  • Gross Income: 1225.0
  • Number of Units Total: 6
  • Number of Units Vacant: 3
  • Vacancy Allowance Rate: 50.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Gemstone Apartments Llc
Bought by
Jt Barrett Land Holding Llc
Current Estimated Value
$962,157

Purchase Details

Closed on
Mar 31, 2022
Sold by
J T Barrett Land Holding Llc
Bought by
Gemstone Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,557,428
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2022
Sold by
J T Barrett Land Holding Llc
Bought by
Linville Rentals Llc
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
Jt Barrett Land Holding Llc $2,665,000 None Listed On Document
Gemstone Apartments Llc $1,976,500 Olds Stuart K
Linville Rentals Llc $96,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gemstone Apartments Llc $1,557,428
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2014 03/20/14 Sold $130,000 0.0% $20 / Sq Ft
01/01/2014 01/01/14 Pending -- -- --
09/18/2012 09/18/12 For Sale $130,000 -- $20 / Sq Ft
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 $3,831 $406,300 $0 $0
2024 $3,893 $406,300 $0 $0
2023 $3,941 $406,300 $0 $0
2022 $3,649 $375,000 $0 $0
2021 $2,123 $214,200 $0 $0
2020 $1,973 $195,000 $0 $0
2019 $1,983 $195,000 $0 $0
2018 $1,982 $195,000 $0 $0
2017 $2,262 $225,000 $0 $0
2016 $2,244 $225,000 $0 $0
2015 $2,190 $225,000 $0 $0
2014 $2,153 $225,000 $0 $0
2012 $2,153 $225,000 $225,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    John Kendall

    Kentucky Commercial Realty

  • A

    Buyer's Agent in 2014

    Andras Illes

    RE/MAX

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1217965

ImagineMLS (Bluegrass REALTORS®)

APN: B01A-0001-0007

Kentucky Madison County Berea 40403

148 Spring Circle Dr, Berea, KY

Not Listed for Sale

MultiFamily

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