NOT LISTED FOR SALE

213 S 16th St Murray, KY 42071

Estimated Value: $167,955 - $360,000

-- Bed
-- Bath
3,211 Sq Ft
$77/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $53,000 $17 Per Sq Ft

Est. 364% increase in value since last sale

Current estimated payment $1,321/month

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Frame Window
  • Murray Elementary School Rated A
  • Covered Patio or Porch
  • Combination Kitchen and Dining Room

About This Home

As of September 2019

Great location, Murray State only two blocks away. This is an electric only building. The Seller pays for the water each month. The units are ready to be updated and when done the lease amount could go upward. The two leased units presently bring in $700/month. When fully occupied it had brought in $1,7000/month.Tenants pay for their electric usage.

Last Agent to Sell the Property

Lynda Houck

Greys Properties, LLC License #44882 Listed on: 03/04/2019

Last Buyer's Agent

Janette DeWitt

Kopperud Realty License #220121

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $333

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 180 x 90
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Composition Shingle Roof

Interior Spaces

  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Wood Frame Window
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Pull Down Stairs to Attic

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$333

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Five Or More
  • Access: Blacktop
  • Deed Book Page: 1189/358
  • Land Use Topography: Level
  • Restrictions: Zoning
  • Style: 2 Story
  • Estimated Age: 30+
  • Restriction: Y
  • Stories: Two
  • Estimated Lot Dimensions: 180 X 90
  • Bedrooms Per Unit: One
  • Full Bathrooms Per Unit: One
  • Garage Cap Per Unit: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Wood
  • Interior Amenities: Circuit Breakers, Fuse Box
  • Dining Kitchen: Kitchen/Dining Room
  • Attic: Pull-Down Stairs
  • Doors and Windows: Wood Frame
  • Walls: Dry Wall

Exterior Features

  • Construction: Frame
  • Exterior Features: Covered Porch
  • Exterior Finish: Brick/Siding
  • Foundation: Concrete Block
  • Roof: Composition Shingle

Utilities

  • Electric Company: Murray Electric
  • Heating: Electric
  • Sewer: Public/Municipality
  • Utilities Available: DSL/High Speed Internet, Garbage - Public
  • Water: Y
  • Water Company: Murray Municipal
  • Water Heater: Electric
  • Electric: Y
  • Water: Public/Municipality

Lot Info

  • Estimated Number of Acres: 0.37
  • Location: Corner Lot, In City Limits

Rental Info

  • Tenant Pays: Electric
  • Owner Pays: Water

Multi Family

  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Sep 20, 2019
Sold by
Carter Phillip Lee
Bought by
Steele Rentals Llc
Seller's Agent
Lynda Houck
Greys Properties, LLC
Buyer's Agent
Janette DeWitt
Kopperud Realty
List Price
$90,000
Sold Price
$53,000
Premium/Discount to List
-$37,000
-41.11%
Current Estimated Value
$245,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,739
Avg. Annual Appreciation
28.54%
Original Mortgage
$110,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 1, 2018
Sold by
Carter Gerald L and Carter Mary Ann
Bought by
Carter Phillip L
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
Steele Rentals Llc $53,000 None Available
Carter Phillip L $117,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Steele Rentals Llc $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $53,000 -23.2% $17 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/17/2019 06/17/19 Price Changed $69,000 -12.7% $21 / Sq Ft
06/10/2019 06/10/19 Price Changed $79,000 -6.0% $25 / Sq Ft
05/28/2019 05/28/19 Price Changed $84,000 -6.7% $26 / Sq Ft
03/25/2019 03/25/19 For Sale $90,000 0.0% $28 / Sq Ft
03/25/2019 03/25/19 Price Changed $90,000 -28.0% $28 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $125,000 -- $39 / Sq Ft
Source: Western Kentucky Regional MLS

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 $333 $53,000 $0 $0
2023 $338 $53,000 $0 $0
2022 $341 $53,000 $0 $0
2021 $345 $53,000 $0 $0
2020 $344 $53,000 $0 $0
2019 $426 $117,000 $0 $0
2018 $1,145 $117,000 $0 $0
2017 $422 $117,000 $0 $0
2016 $424 $117,000 $0 $0
2015 $371 $117,000 $0 $0
2011 $371 $110,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Kentucky Regional MLS

MLS Number: 101516

Western Kentucky Regional MLS

APN: 004-0-0002-00035