NOT LISTED FOR SALE

Estimated Value: $233,195 - $292,000

2 Beds
1 Bath
10,530 Sq Ft
$26/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $415,000 $39 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $1,611/month

172 Days on Market

Highlights

  • 0.48 Acre Lot
  • Forced Air Heating System
  • Coin Laundry
  • Cooling Available

About This Home

As of May 2019

This is a 12 unit apartment building that's all 2 bedrooms, 1 full bath. Building has undergone a lot of cosmetic renovations the past few years. Most of the units have updated carpet, paint, light fixtures, etc. Over half the units have new appliances. New asphalt driveway (October 2018). Layout inside is very nice. Big family room that is next to a breakfast area with a good-size kitchen. Bedrooms are all very spacious. Average rent is around $550/mo with new tenants paying around $595/mo and some older tenants still paying around $500. Coin-operated laundry for extra income. Landlord pays gas, electricity, water, and trash.

Last Agent to Sell the Property

Michael Wang

Realty Solutions License #208053 Listed on: 10/29/2018

Last Buyer's Agent

Michael Wang

Realty Solutions License #208053 Listed on: 10/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,925

Year Built

  • Built in 1977

Lot Details

  • 0.48 Acre Lot

Home Design

  • 10,530 Sq Ft Home
  • Flat Roof Shape

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 20 Parking Spaces
  • Paved Parking

Schools

  • Nicholasville Elementary School
  • East Jess High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 058-20-09-004.00

Community Details

Overview

  • 12 Units
  • Edgewood Subdivision

Additional Features

  • Coin Laundry
  • Gross Income $79,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,925

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 1977
  • New Construction: No
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 10530.0
  • Lot Size Area: 0.48

Exterior Features

  • Roof: Flat
  • List Price: 460000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, Paved
  • Total Parking Spaces: 20.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Natural Gas Connected
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Schools

  • Elementary School: Nicholasville
  • High School: East Jess HS

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20908.82
  • Parcel Number: 058-20-09-004.00
  • Zoning Description: NA

Multi Family

  • Number of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
Jan 31, 2019
Sold by
Higgins Chad A and Higgins Lauren N
Bought by
Kay James Floyd Michael and Kay James Belinda
Seller's Agent
Terri McGraw
Milestone Realty Consultants
Buyer's Agent
Whitney Pannell
Team Pannell Real Estate
List Price
$152,501
Sold Price
$152,501
Current Estimated Value
$274,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,298
Avg. Annual Appreciation
9.02%
Original Mortgage
$132,501
Outstanding Balance
$116,727
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$158,072

Purchase Details

Listed on
May 16, 2017
Closed on
Jun 29, 2017
Sold by
Lee Georgia B and Markwood Christopher Albert
Bought by
Higgins Lauren N and Higgins Chad A
Seller's Agent
Ruby Mason
RE/MAX Elite Realty
Buyer's Agent
Jessica O'Bryan-Coats
Coldwell Banker McMahan
List Price
$122,000
Sold Price
$122,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%
Original Mortgage
$124,135
Interest Rate
3.95%
Mortgage Type
New Conventional
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
Kay James Floyd Michael $152,501 None Available
Higgins Lauren N $122,000 Metro Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kay James Floyd Michael $132,501
Previous Owner Higgins Lauren N $124,135
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2019 05/24/19 Sold $415,000 +172.1% $39 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
01/31/2019 01/31/19 Sold $152,501 0.0% $97 / Sq Ft View Prior Sale
01/03/2019 01/03/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $152,501 -63.3% $97 / Sq Ft
10/29/2018 10/29/18 For Sale $415,000 +240.2% $39 / Sq Ft
06/29/2017 06/29/17 Sold $122,000 0.0% $81 / Sq Ft View Prior Sale
05/19/2017 05/19/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $122,000 -60.6% $81 / Sq Ft
08/07/2015 08/07/15 Sold $310,000 0.0% $44 / Sq Ft View Prior Sale
06/16/2015 06/16/15 Pending -- -- --
09/26/2013 09/26/13 For Sale $310,000 -- $44 / 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 $1,925 $183,000 $24,000 $159,000
2023 $1,943 $183,000 $24,000 $159,000
2022 $284 $152,501 $20,000 $132,501
2021 $284 $152,501 $20,000 $132,501
2020 $284 $152,501 $20,000 $132,501
2019 $260 $140,000 $20,000 $120,000
2018 $227 $122,000 $20,000 $102,000
2017 $195 $105,000 $20,000 $85,000
2016 $686 $105,000 $20,000 $85,000
2015 $686 $105,000 $20,000 $85,000
2014 $733 $110,000 $20,000 $90,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1824656

ImagineMLS (Bluegrass REALTORS®)

APN: 059-10-01-006.00