NOT LISTED FOR SALE

567 Palace Ave Elsmere, KY 41018

Estimated Value: $261,000 - $327,000

4 Beds
2 Baths
2,380 Sq Ft
$118/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $220,000 $92 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,810/month

5 Days on Market

Highlights

  • Property is near public transit
  • Eat-In Kitchen
  • Mini Split Air Conditioners
  • Fireplace
  • Brick Veneer
  • Storage

About This Home

As of November 2022

Long time tenants with below market rents. Current rent has been $600 per/unit. Tenant pays all utilities, owner has been paying for trash pickup, however, that should be able to be changed for tenant paid. Furnace & AC less than 5 yrs, roof less than 10 yrs. Each unit has a private basement with laundry hookup. Parking space for 4 cars in rear.

Last Agent to Sell the Property

Tom Stegman

Huff Realty - Ft. Mitchell License #178157 Listed on: 10/03/2022

Huff Realty - Ft. Mitchell

Last Buyer's Agent

Haley Groeschen

Haven Homes Group License #279121

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,377

Year Built

  • Built in 1991

Lot Details

  • 7,750 Sq Ft Lot
  • Lot Dimensions are 62 x 125

Home Design

  • Duplex
  • Brick Veneer
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,380 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Storage
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Location

  • Property is near public transit

Schools

  • Howell Elementary School
  • Tichenor Middle School
  • Lloyd High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • 220 Volts
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 004-30-21-090.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,377

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Cooling: Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.18
  • Year Built: 1991
  • Lot Size: 62 X 125
  • Directions: South on Dixie Hwy, Left on Garvey, Right on Palace
  • New Construction: No
  • Structure Type: Duplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Howell Elementary
  • Location Tax Legal Info:Middle or Junior School: Tichenor Middle School
  • Location Tax Legal Info:High School: Lloyd High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 62 X 125
  • Cooling:Central Air: Yes
  • Foundation:Poured Concrete: Yes
  • Parking Features Parking Total: 4
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke
  • Utilities Gas Company: Duke
  • Water Company: NKY Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.1779
  • General Property Description:Living Area: 2380.0
  • General Property Description:Lot Size Square Feet: 7750.0
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 004-30-21-090.00
  • Appliances Refrigerators: Yes
  • Roof:Composition: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 2
  • Structure Type:Duplex: Yes
  • Levels:Two2: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Storage, Laminate Counters, Eat-in Kitchen, 220 Volts
  • Heating: Natural Gas, Forced Air
  • Levels: Two
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: Electric Range, Refrigerator
  • Accessibility Features: None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Living Area: 2380.0
  • Window Features: Insulated Window(s), Vinyl Clad Window(s)
  • Full Basement: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen2: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Storage11: Yes
  • Interior Features 220 Volts: Yes

Exterior Features

  • Roof: Composition
  • Lot Features: Near Public Transit
  • Construction Type: Brick Veneer
  • Foundation Details: Poured Concrete
  • Window Features:Insulated Window(s): Yes
  • Accessibility Features:None15: Yes
  • Window Features:Vinyl Clad Window(s): Yes
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Off Street, On Street
  • Total Parking Spaces: 4.0
  • Parking Features:Off Street2: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Howell Elementary
  • Junior High Dist: Erlanger/Elsmere
  • High School: Lloyd High
  • Middle Or Junior School: Tichenor Middle School

Lot Info

  • Lot Size Sq Ft: 7750.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2010
Sold by
Harms Richard A and Harms Toni
Bought by
Harms Steven and Harms Toni
Current Estimated Value
$280,724

Purchase Details

Closed on
Nov 26, 2002
Sold by
Walker Samuel G
Bought by
Harms Steven and Harms Toni

Purchase Details

Closed on
Feb 6, 2001
Sold by
Barnett Janet K
Bought by
Walker Samuel G and Walker Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,800
Interest Rate
7.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Harms Steven -- None Available
Harms Steven $127,500 --
Walker Samuel G $118,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sila Aurel $176,000
Previous Owner Walker Samuel G $94,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $220,000 -6.4% $92 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
10/04/2022 10/04/22 For Sale $235,000 -- $99 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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 $3,377 $220,000 $20,000 $200,000
2023 $3,298 $220,000 $20,000 $200,000
2022 $2,338 $140,300 $15,000 $125,300
2021 $2,368 $140,300 $15,000 $125,300
2020 $2,354 $140,300 $15,000 $125,300
2019 $2,322 $140,300 $15,000 $125,300
2018 $2,161 $127,500 $15,000 $112,500
2017 $2,036 $127,500 $15,000 $112,500
2015 $2,402 $127,500 $15,000 $112,500
2014 $2,350 $127,500 $15,000 $112,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 608471

Northern Kentucky Multiple Listing Service

APN: 004-30-21-090.00