NOT LISTED FOR SALE

255 Centennial Dr Frankfort, KY 40601

Frankfort Area
24 Beds
24 Baths
11,400 Sq Ft
0.88 Acre Lot

Sale Details

Date Sold: August 29, 2023

Last sale price $950,000 $83 Per Sq Ft

74 Days on Market

About This Home

As of August 2023

(12) 2 bedroom, 2 full bath units in three buildings on one lot. Potential gross income up to 122,400* per year. Nice lot at end of street with most decks overlooking woods. Two units have a garage perfect for maintenance storage or additional rental income, not included in PGI above.

Last Agent to Sell the Property

Joe Johnson

Bluegrass Realty & Investments License #203912 Listed on: 05/08/2023

Co-Listed By

David Dean

Bluegrass Realty & Investments License #242148

Last Buyer's Agent

Andrew Jarvis

Lifstyl Real Estate License #285769

Lifstyl Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 38,333 Sq Ft Lot
  • Lot Dimensions are 37.19 x 221.69 x 209.8 x 100 x 262.09

Parking

  • 20 Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 11,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 24 Full Bathrooms

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 074-30-07-034.00

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Landings Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.88 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 1986
  • New Construction: No
  • Roof:Composition: Yes
  • Structure Type:Quadruplex: Yes
  • Lot: Lot Size Acres: 0.88
  • Lot: Lot Size Square Feet: 38333.0
  • Tax Legal: Elementary School: Elkhorn Elem
  • Tax Legal: Middle Or Junior School: Elkhorn Middle
  • Tax Legal: High School: Franklin Co
  • AssociationCommunity: Number Of Buildings: 3.0
  • Other Sold Info: New Construction YN: No
  • Cooling: Electric: Yes
  • Lot: Lot Size Dimensions: 37.19 x 221.69 x 209.8 x 100 x 262.09
  • Building: Stories Total: 2
  • AssociationCommunity: Number Of Units Total: 12.0
  • Unit Details: Number Of Units Vacant: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 24
  • Total Bathrooms: 24
  • Total Bedrooms: 24
  • LivingArea: 11400.0
  • Lot Size Area: 0.88
  • Total Stories: 2

Exterior Features

  • Roof: Composition
  • List Price: 1050000.0

Garage/Parking

  • Total Parking Spaces: 20.0
  • Parking Information: Parking Total: 20.0

Utilities

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

Schools

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

Lot Info

  • Lot Dimensions: 37.19 x 221.69 x 209.8 x 100 x 262.09
  • Lot Size Acres: 0.88
  • Lot Size Sq Ft: 38333.0
  • Parcel Number: 074-30-07-034.00
  • Zoning Description: RL

Multi Family

  • Number of Units Total: 12
  • Number of Units Vacant: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Aug 29, 2023
Sold by
Bought by
Seller's Agent
Joe Johnson
Bluegrass Realty & Investments
Buyer's Agent
Andrew Jarvis
Lifstyl Real Estate
List Price
$1,150,000
Sold Price
$950,000
Premium/Discount to List
-$200,000
-17.39%
Views
188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$61,853
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$950,000 None Listed On Document
-- Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $130,000
Open $900,000
Previous Owner $29,828
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2023 08/29/23 Sold $950,000 -9.5% $83 / Sq Ft
07/22/2023 07/22/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $1,050,000 -6.7% $92 / Sq Ft
05/31/2023 05/31/23 Price Changed $1,125,000 -2.2% $99 / Sq Ft
05/08/2023 05/08/23 For Sale $1,150,000 -- $101 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,022 $920,000 $100,000 $820,000
2024 $11,104 $920,000 $0 $0
2023 $5,139 $430,000 $0 $0
2022 $830 $430,000 $0 $0
2021 $4,698 $400,000 $0 $0
2020 $4,741 $400,000 $30,000 $370,000
2019 $4,840 $400,000 $30,000 $370,000
2018 $4,827 $400,000 $30,000 $370,000
2017 $796 $400,000 $30,000 $370,000
2016 $4,562 $400,000 $30,000 $370,000
2015 $6,539 $400,000 $30,000 $370,000
2011 $6,539 $540,000 $30,000 $510,000
Source: Public Records

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23008323

ImagineMLS (Bluegrass REALTORS®)

APN: 074-30-07-034.00

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