NOT LISTED FOR SALE

405 Norwood Dr Richmond, KY 40475

Estimated Value: $206,000 - $799,000

2 Beds
1 Bath
6,730 Sq Ft
$70/Sq Ft Est. Value

Sale Details

Date Sold: December 22, 2016

Last sale price $219,000 $33 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,029 / mo

152 Days on Market

Highlights

  • Cooling Available
  • B. Michael Caudill Middle School Rated A-
  • Forced Air Heating System

About This Home

As of December 2016

13 Unit brick apartments. Large lot and room to expand. Apartments need work but great bones. Selling below PVA value. Investors Dream!!

Last Agent to Sell the Property

Matt Dees

Keller Williams Commonwealth Listed on: 04/02/2016

Last Buyer's Agent

Matt Dees

Keller Williams Commonwealth Listed on: 04/02/2016

Property Details

Home Type

  • Multi-Family

Parking

  • 35 Parking Spaces

Home Design

  • Shingle Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Kit Carson Elementary School
  • Madison Mid Middle School
  • Madison Central High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • Arlington Subdivision

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

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

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Shingle
  • List Price: 239000.0

Garage/Parking

  • Total Parking Spaces: 35.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Kit Carson
  • High School: Madison Central
  • Middle or Junior School: Madison Mid

Lot Info

  • Zoning Description: multi family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2019
Sold by
Kcg Llc
Bought by
Brolite Homes Llc
Current Estimated Value
$473,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,750
Outstanding Balance
$416,776
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$56,558

Purchase Details

Closed on
Dec 22, 2004
Sold by
Neil James R and Neil Norma
Bought by
Reisig Christopher and Reisig Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,218
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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
Brolite Homes Llc $635,000 None Available
Reisig Christopher $322,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brolite Homes Llc $539,750
Previous Owner Reisig Christopher $326,218
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2016 12/22/16 Sold $219,000 0.0% $33 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $219,000 -- $33 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

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 $5,988 $635,000 $0 $0
2024 $6,084 $635,000 $0 $0
2023 $6,160 $635,000 $0 $0
2022 $819 $635,000 $0 $0
2021 $6,293 $635,000 $0 $0
2020 $6,424 $635,000 $0 $0
2019 $2,227 $219,000 $0 $0
2018 $2,226 $219,000 $0 $0
2017 $2,202 $219,000 $0 $0
2016 $3,211 $322,000 $0 $0
2015 $3,082 $322,000 $0 $0
2014 $3,082 $322,000 $0 $0
2012 $3,082 $322,000 $50,000 $272,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matt Dees

    Keller Williams Commonwealth

  • R

    Buyer Co-Listing Agent in 2016

    Ross Cummins

    Keller Williams Commonwealth

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1606439

ImagineMLS (Bluegrass REALTORS®)

APN: R005-0018-0002

Kentucky Madison County Richmond 40475

405 Norwood Dr, Richmond, KY

Not Listed for Sale

MultiFamily

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