NOT LISTED FOR SALE

205 Mainous St Berea, KY 40403

Estimated Value: $342,697

10 Beds
10 Baths
5,120 Sq Ft
$67/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $280,000 $55 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,028/month

7 Days on Market

About This Home

As of August 2021

Multi-Unit Housing!! 5 units with 2 BD and 2.5 BA, central heat/air, and washer and dryer hook-up. Nice backyards with decks and good parking. Overall building is in good shape.
100% Rented
$550/month rent

Last Agent to Sell the Property

Delma Peercy

RE/MAX Unlimited Listed on: 06/29/2021

Last Buyer's Agent

Delma Peercy

RE/MAX Unlimited Listed on: 06/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,683

Year Built

  • Built in 1996

Lot Details

  • 0.41

Parking

  • 20 Parking Spaces

Home Design

  • Shingle Roof

Bedrooms and Bathrooms

  • 10 Bedrooms

Schools

  • Shannon Johnson Elementary School
  • Foley Middle School
  • Madison So High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Additional Features

  • 2-Story Property
  • 0.41 Acre Lot

Community Details

  • 5 Units
  • Elkin Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0.0111572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,683

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Structure Type: Other
  • Year Built: 1996
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 5
  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Lot Size Area: 0.41
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 329000.0

Garage/Parking

  • Total Parking Spaces: 20.0

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Shannon Johnson
  • High School: Madison So
  • Middle or Junior School: Foley

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17642.0
  • Parcel Number: 0.0111572
  • Zoning Description: R-3

Multi Family

  • Number of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 24, 2021
Sold by
Stewart Jason R and Stewart Stacey
Bought by
Sfs Investments Llc
Seller's Agent
Delma Peercy
RE/MAX Unlimited
Buyer's Agent
Delma Peercy
RE/MAX Unlimited
List Price
$329,000
Sold Price
$280,000
Premium/Discount to List
-$49,000
-14.89%
Current Estimated Value
$342,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,697
Avg. Annual Appreciation
4.85%
Original Mortgage
$238,000
Outstanding Balance
$216,090
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$126,607
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
Sfs Investments Llc $280,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sfs Investments Llc $238,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $280,000 -14.9% $55 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $329,000 -- $64 / 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 $2,683 $280,000 $0 $0
2023 $2,716 $280,000 $0 $0
2022 $2,724 $280,000 $0 $0
2021 $2,012 $203,000 $0 $0
2020 $2,054 $203,000 $0 $0
2019 $2,064 $203,000 $0 $0
2018 $2,063 $203,000 $0 $0
2017 $2,041 $203,000 $0 $0
2016 $2,025 $203,000 $0 $0
2015 $1,975 $203,000 $0 $0
2014 $1,943 $203,000 $0 $0
2012 $1,943 $203,000 $203,000 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Delma Peercy

    RE/MAX

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20112542

ImagineMLS (Bluegrass REALTORS®)

APN: B008-0004-0005

Kentucky Madison County Berea 40403

205 Mainous St, Berea, KY

Not Listed for Sale

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