NOT LISTED FOR SALE

238 Christmas Ridge Rd Berea, KY 40403

Estimated Value: $883,602

11 Beds
21 Baths
10,870 Sq Ft
$81/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $520,000 $48 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,040/month

20 Days on Market

Highlights

  • Cooling Available
  • Baseboard Heating
  • Coin Laundry

About This Home

As of November 2019

Looking for an investment property? Take a look at English Arms Apartments! Located on a residential side street with minimal traffic, this two building apartment complex which is bordered by woods offers privacy to potential renters. Each building floor plan features 2 Bedrooms, 1 Full Bath, 1 Half Bath, a kitchen with appliances, Family Room and Patio. A coin Laundry facility is also included. Many of the apartments have been recently renovated.

Last Agent to Sell the Property

Kim Claytor

Area Real Estate, LLC License #205265 Listed on: 07/14/2019

Last Buyer's Agent

Joshua Barrett

Cravens Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,982

Lot Details

  • 2.98 Acre Lot

Parking

  • 35 Parking Spaces

Home Design

  • 10,870 Sq Ft Home
  • Quadruplex
  • Composition Roof

Bedrooms and Bathrooms

  • 11 Bedrooms

Schools

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

Utilities

  • Cooling Available
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number B01300030008

Community Details

Overview

  • 2 Buildings
  • 11 Units
  • Rural Subdivision

Amenities

  • Coin Laundry

Building Details

  • 2 Vacant Units
  • Vacancy Allowance $18

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family, Quadruplex
  • New Construction: No
  • Roof:Composition: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 11
  • Half Bathrooms: 10
  • Total Bathrooms: 21
  • Total Bedrooms: 11
  • LivingArea: 10870.0
  • Lot Size Area: 2.98

Exterior Features

  • Roof: Composition
  • List Price: 525000.0

Garage/Parking

  • Total Parking Spaces: 35.0

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Schools

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

Lot Info

  • Lot Dimensions: 375 x ?
  • Lot Size Acres: 2.98
  • Lot Size Sq Ft: 129808.92
  • Parcel Number: B01300030008
  • Zoning Description: R3

Multi Family

  • Number of Units Total: 11
  • Number of Units Vacant: 2
  • Vacancy Allowance Rate: 18.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2022
Sold by
Capitol Planning Llc
Bought by
Ballingers Apartments Llc
Current Estimated Value
$883,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,018,800
Outstanding Balance
$1,380,102
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
-$496,500

Purchase Details

Closed on
Jan 14, 2022
Sold by
Capital Planning Llc
Bought by
Jt Barrett Land Holding Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,018,800
Outstanding Balance
$1,380,102
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
-$496,500

Purchase Details

Closed on
Apr 12, 2021
Sold by
J T Barrett Land Holdings Llc
Bought by
Capitol Planning Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,453,925
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 14, 2019
Closed on
Nov 18, 2019
Sold by
English Arms Properties Llc
Bought by
J T Barrett Land Holding Llc
Seller's Agent
Kim Claytor
Area Real Estate, LLC
Buyer's Agent
Joshua Barrett
Cravens Realty
List Price
$520,000
Sold Price
$520,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%
Original Mortgage
$442,000
Interest Rate
3.6%
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
Ballingers Apartments Llc $771,070 Eaves Olds Bohannon & Floyd Pl
Jt Barrett Land Holding Company Llc $50,000 Holbrook And Holbrook Law Offi
Capitol Planning Llc -- None Available
J T Barrett Land Holding Llc $520,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballingers Apartments Llc $2,018,800
Previous Owner Capitol Planning Llc $1,453,925
Previous Owner J T Barrett Land Holding Llc $442,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2019 11/18/19 Sold $520,000 0.0% $48 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $520,000 -- $48 / 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 $4,982 $520,000 $0 $0
2023 $5,044 $520,000 $0 $0
2022 $5,060 $520,000 $0 $0
2021 $5,153 $520,000 $0 $0
2020 $5,261 $520,000 $0 $0
2019 $2,435 $239,500 $0 $0
2018 $2,434 $239,500 $0 $0
2017 $2,408 $239,500 $0 $0
2016 $2,389 $239,500 $0 $0
2015 $2,331 $239,500 $0 $0
2014 $2,292 $239,500 $0 $0
2012 $2,292 $239,500 $239,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Claytor

    Seller's Agent in 2019

    Kim Claytor

    Area Real Estate, LLC

    (859) 661-3772

    15 Total Sales

    Kim Claytor
    Section Image

  • J

    Buyer's Agent in 2019

    Joshua Barrett

    Cravens Realty

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1915777

ImagineMLS (Bluegrass REALTORS®)

APN: B013-0003-0008

Kentucky Madison County Berea 40403

238 Christmas Ridge Rd, Berea, KY

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