NOT LISTED FOR SALE

401 Norwood Dr Richmond, KY 40475

Estimated Value: $198,000 - $316,000

6 Beds
2 Baths
2,616 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $145,000 $55 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,397/month

14 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • B. Michael Caudill Middle School Rated A-

About This Home

As of March 2021

Great location for this brick duplex, conveniently located off West Main Street. The upstairs unit with it's charming 4bd/1bth has excellent long term tenants. Sellers have just put in new windows and new HVAC.It has original hardwood throughout. The downstairs unit has 2bd/1bth with an additional two rooms with closets which are bonus rooms equal in size to the bedrooms. This unit has been recently renovated with new windows, baseboard heaters, flooring, painting, etc. Rental information on request.This property sits on a large corner lot with ample off street parking and a fenced back yard.

Last Agent to Sell the Property

Mark Dixon

Biederman Real Estate License #202088 Listed on: 01/08/2021

Last Buyer's Agent

Kenneth DeGrant

RE/MAX Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,389

Year Built

  • Built in 1958

Home Design

  • 2,616 Sq Ft Home
  • Duplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Glenn Marshall Elementary School
  • Michael Caudill Middle School
  • Madison Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Community Details

  • 2 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number R005-0018-0010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,389

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1958
  • New Construction: No
  • Roof:Shingle: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • LivingArea: 2616.0

Exterior Features

  • Roof: Shingle
  • List Price: 159000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, On Site
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Baseboard, Electric, Forced Air, Hot Water, Natural Gas
  • Cooling: Electric, Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes

Schools

  • Elementary School: Glenn Marshall
  • High School: Madison Central
  • Middle or Junior School: Michael Caudill

Lot Info

  • Parcel Number: R005-0018-0010
  • Zoning Description: R1-B

Multi Family

  • Number of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2020
Sold by
Schwenk Lauren
Bought by
Leathan Proepites Llc
Current Estimated Value
$240,379

Purchase Details

Closed on
Feb 19, 2019
Sold by
Howard John W and Howard Alberta H
Bought by
Horn Sherry
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
Leathan Proepites Llc $96,000 None Available
Horn Sherry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alford Properties Llllp $123,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2021 03/15/21 Sold $145,000 -8.8% $55 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $159,000 +65.6% $61 / Sq Ft
07/18/2014 07/18/14 Sold $96,000 0.0% $36 / Sq Ft
07/05/2014 07/05/14 Pending -- -- --
07/05/2014 07/05/14 For Sale $96,000 -- $36 / 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 $1,389 $145,000 $0 $0
2023 $1,407 $145,000 $0 $0
2022 $187 $145,000 $0 $0
2021 $951 $96,000 $0 $0
2020 $971 $96,000 $0 $0
2019 $976 $96,000 $0 $0
2018 $976 $96,000 $0 $0
2017 $965 $96,000 $0 $0
2016 $957 $96,000 $0 $0
2015 $837 $96,000 $0 $0
2014 $837 $87,500 $0 $0
2012 $837 $87,500 $87,500 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Dixon

    Biederman Real Estate

    (859) 552-5742

    9 Total Sales

    Mark Dixon
    Section Image

  • K

    Buyer's Agent in 2021

    Kenneth DeGrant

    RE/MAX

  • K

    Seller's Agent in 2014

    Kevin Sizemore

    Keller Williams Commonwealth

  • R

    Buyer's Agent in 2014

    Richard Hayes

    Keller Williams Commonwealth

    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20100315

ImagineMLS (Bluegrass REALTORS®)

APN: R005-0018-0010

Kentucky Madison County Richmond 40475

401 Norwood Dr, Richmond, KY

This home is located at 401 Norwood Dr, Richmond, KY 40475 since 08 January 2021 and is currently estimated at $240,379, approximately $91 per square foot. This property was built in 1958. 401 Norwood Dr is a home located in Madison County with nearby schools including Glenn R Marshall Elementary School, B. Michael Caudill Middle School, and Madison Central High School.

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.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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