Seller's Agent in 2024
Josh House
Realiant Northern KY LLC
(606) 224-0474
2 in this area
45 Total Sales
222 Adela Ave Ludlow, KY 41016
Estimated Value: $454,834 - $473,000
8
Beds
4
Baths
--
Sq Ft
3,875
Sq Ft Lot
Highlights
- Fireplace
- Forced Air Heating System
- 4-minute walk to Ludlow Memorial Park
- Window Unit Cooling System
About This Home
As of November 2024Presenting a fully occupied 4-unit building available in Ludlow, KY. Each of these updated units feature 2 beds and 1 bath, providing comfortable living spaces for tenants. Additionally, the garage is currently rented out, maximizing income potential. With strong cash flow already in place, this property offers an attractive investment opportunity you wont want to miss adding to your portfolio!
Last Agent to Sell the Property
Realiant Northern KY LLC License #220133 Listed on: 05/13/2024
Property Details
Home Type
- Multi-Family
Lot Details
- 3,875 Sq Ft Lot
- Lot Dimensions are 174 31.25'x 125'
Parking
- 2 Car Garage
- On-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Stone Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
- Fireplace
- Vinyl Clad Windows
- Partial Basement
- Laundry in unit
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Schools
- Mary A. Goetz Elementary School
- Ludlow Middle School
- Ludlow High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Furnace
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 026-32-06-028.00
Community Details
Overview
- 4 Units
Building Details
- Water Sewer Expense $3,676
- Gross Income $57,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Dec 21, 2024
Sold by
Jangouk Parastoo
Bought by
Adela Llc
Seller's Agent
Josh House
Realiant Northern KY LLC
Buyer's Agent
Amy Zimmerman
eXp Realty, LLC
List Price
$474,999
Sold Price
$434,100
Premium/Discount to List
-$40,899
-8.61%
Views
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,817
Avg. Annual Appreciation
6.23%
Purchase Details
Closed on
Jan 12, 2022
Sold by
Kimmell Michael A
Bought by
Columbia Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 2019
Sold by
Stanton Homes Llc
Bought by
Kimmell Michael A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2018
Sold by
Heritage Bank Inc
Bought by
Stanton Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,850
Interest Rate
4.6%
Mortgage Type
Construction
Purchase Details
Closed on
May 14, 2018
Sold by
Fork Properties Llc
Bought by
Heritage Bank Inc
Purchase Details
Closed on
Sep 14, 2006
Sold by
Niemer Rita
Bought by
Fork Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
6.58%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Adela Llc | -- | None Listed On Document | |
| Columbia Real Estate Llc | $315,000 | Goins Jack Martin | |
| Kimmell Michael A | $280,000 | 360 American Title Svcs Llc | |
| Stanton Homes Llc | $95,000 | Kentucky Land Title Agency | |
| Heritage Bank Inc | $107,200 | None Available | |
| Fork Properties Llc | $73,000 | Kentucky Land Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Columbia Real Estate Llc | $252,000 | |
| Previous Owner | Kimmell Michael A | $210,000 | |
| Previous Owner | Stanton Homes Llc | $221,850 | |
| Previous Owner | Fork Properties Llc | $156,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $434,100 | -8.6% | -- |
| 09/16/2024 09/16/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | For Sale | $474,999 | 0.0% | -- |
| 07/24/2024 07/24/24 | Pending | -- | -- | -- |
| 07/12/2024 07/12/24 | Price Changed | $474,999 | -5.0% | -- |
| 06/27/2024 06/27/24 | Price Changed | $499,999 | -3.8% | -- |
| 05/23/2024 05/23/24 | Price Changed | $519,999 | -4.6% | -- |
| 05/14/2024 05/14/24 | For Sale | $545,000 | -- | -- |
Source: Northern Kentucky Multiple Listing Service
Tax History Compared to Growth
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 | $5,669 | $434,100 | $10,000 | $424,100 |
| 2024 | $4,095 | $315,000 | $10,000 | $305,000 |
| 2023 | $4,054 | $315,000 | $10,000 | $305,000 |
| 2022 | $3,801 | $280,000 | $10,000 | $270,000 |
| 2021 | $4,198 | $280,000 | $10,000 | $270,000 |
| 2020 | $4,182 | $280,000 | $10,000 | $270,000 |
| 2019 | $1,954 | $120,000 | $13,500 | $106,500 |
| 2018 | $1,943 | $120,000 | $13,500 | $106,500 |
| 2017 | $1,920 | $120,000 | $20,000 | $100,000 |
| 2015 | $1,618 | $120,000 | $20,000 | $100,000 |
| 2014 | $1,553 | $120,000 | $20,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Josh House
-
Amy Zimmerman
Buyer's Agent in 2024
Amy Zimmerman
eXp Realty, LLC
(859) 466-0140
4 in this area
205 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 622766
APN: 026-32-06-028.00
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers.
Listing information is deemed reliable, but not guaranteed.
Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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