NOT LISTED FOR SALE

1609 Steadmantown Ln Frankfort, KY 40601

Estimated Value: $283,000 - $319,000

8 Beds
4 Baths
-- Sq Ft
-- Built

Last Sold October 04, 2016

Last sale price $135,000

Est. 123% increase in value since last sale

Current estimated payment $1,745/month

16 Days on Market

About This Home

As of October 2016

Turn-key investment property! Currently renting at $2040 per month with strong occupancy history. Extensive recent remodeling of this all-electric four-plex to include all new paint throughout, new flooring in 2 units and in common areas plus some new appliances. Owner/landlord provides water/sewer to all four units. In last 5 years property has had a new roof, new windows and other upgrades and has been well maintained. Building faces farm land and has a side parking lot. High gross rent for the asking price. Add this to your investment portfolio today!

Last Agent to Sell the Property

Jason Jackson

Kentucky Elite Real Estate License #216720 Listed on: 08/11/2016

Last Buyer's Agent

Rick Pulliam

Pulliam Realty Group License #191695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,811

Parking

  • 5 Parking Spaces

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Elkhorn Elementary School
  • Elkhorn Middle School
  • Franklin Co High School

Community Details

Overview

  • 4 Units
  • Indian Hills Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,811

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • New Construction: No
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • List Price: 139900.0

Garage/Parking

  • Total Parking Spaces: 5.0

Schools

  • Elementary School: Elkhorn Elem
  • High School: Franklin Co
  • Middle or Junior School: Elkhorn Middle

Lot Info

  • Zoning Description: Residential

Multi Family

  • Number of Units Total: 4
  • Number of Units Vacant: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2016
Closed on
Oct 4, 2016
Sold by
Yall Properties Llc
Bought by
Nbr Investments Llc
Seller's Agent
Jason Jackson
Kentucky Elite Real Estate
Buyer's Agent
Rick Pulliam
Pulliam Realty Group
List Price
$135,000
Sold Price
$135,000
Current Estimated Value
$301,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,514
Avg. Annual Appreciation
9.27%
Original Mortgage
$114,750
Outstanding Balance
$84,488
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$217,026

Purchase Details

Listed on
Jan 12, 2015
Closed on
Dec 29, 2014
Sold by
Fmp Properties Llc
Bought by
Bagdasaryan Grigori and Pavlovskaya Yulia
Seller's Agent
Taylor A Marshall
Bluegrass Realty & Investments
Buyer's Agent
Taylor A Marshall
Bluegrass Realty & Investments
List Price
$117,000
Sold Price
$117,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$87,750
Interest Rate
4.04%
Mortgage Type
New Conventional
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
Nbr Investments Llc $135,000 Attorney
Bagdasaryan Grigori $117,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nbr Investments Llc $114,750
Previous Owner Bagdasaryan Grigori $87,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2016 10/04/16 Sold $135,000 0.0% --
08/25/2016 08/25/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $135,000 +15.4% --
12/29/2014 12/29/14 Sold $117,000 0.0% $34 / Sq Ft View Prior Sale
12/16/2014 12/16/14 Pending -- -- --
12/01/2014 12/01/14 For Sale $117,000 -- $34 / 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 $1,811 $150,000 $0 $0
2023 $1,793 $150,000 $0 $0
2022 $290 $150,000 $0 $0
2021 $1,586 $135,000 $0 $0
2020 $1,600 $135,000 $20,000 $115,000
2019 $1,633 $135,000 $20,000 $115,000
2018 $1,629 $135,000 $20,000 $115,000
2017 $1,567 $135,000 $20,000 $115,000
2011 $1,550 $128,000 $22,000 $106,000
Source: Public Records

Agents Affiliated with this Home

  • Jason Jackson

    Seller's Agent in 2016

    Jason Jackson

    Kentucky Elite Real Estate

    (502) 319-0079

    21 Total Sales

    Jason Jackson
    Section Image
  • Rick Pulliam

    Buyer's Agent in 2016

    Rick Pulliam

    Pulliam Realty Group

    (859) 619-7855

    44 Total Sales

    Rick Pulliam
    Section Image

  • T

    Seller's Agent in 2015

    Taylor A Marshall

    Bluegrass Realty & Investments

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1617892

ImagineMLS (Bluegrass REALTORS®)

APN: 084-20-30-004.00

Kentucky Franklin County Frankfort 40601

1609 Steadmantown Ln, Frankfort, KY

This home is located at 1609 Steadmantown Ln, Frankfort, KY 40601 since 11 August 2016 and is currently estimated at $301,514. 1609 Steadmantown Ln is a home located in Franklin County with nearby schools including Elkhorn Elementary School, Elkhorn Middle School, and Franklin County 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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