NOT LISTED FOR SALE

6708 Us Highway 641 N Gilbertsville, KY 42044

Estimated Value: $578,244

3 Beds
2 Baths
-- Sq Ft
2.85 Acres

Last Sold January 15, 2021

Last sale price $425,000

Est. 36% increase in value since last sale

Current estimated payment $3,517/month

383 Days on Market

Highlights

  • 2.85 Acre Lot
  • Detached Garage
  • Storm Windows
  • Circular Driveway
  • Eat-In Kitchen
  • Thermal Pane Windows

About This Home

As of January 2021

GREAT INVESTMENT PROPERTY!!! 10 units plus the current residence which could easily be converted into a rental until also. This property was managed as a lodge for many years, but was converted to long term rental units several years ago. It is a great location just minutes from Kentucky Dam Village State Park, and minutes from Calvert City and I-24 or I-69. The residence/office was purchased new in 2005. The Owners converted the 3rd bedroom into an office and added a 12'X20' heavy beam covered front porch and a 10'X10' composite deck off the back. They also added a 30'X30' detached garage in 2009. Great income producing property! The Owners have maintained the units very well during their ownership. Great income for $599,900!!

Last Agent to Sell the Property

Monti Collins

Housman Partners Benton Branch License #218022 Listed on: 11/25/2019

Last Buyer's Agent

Brian Wyatt

Wysh Realty, LLC License #290360

Wysh Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,212

Lot Details

  • 2.85 Acre Lot
  • Property fronts a highway
  • Property fronts an easement
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Composition Shingle Roof
  • Metal Roof
  • Block Exterior
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Paneling
  • Sheet Rock Walls or Ceilings
  • Thermal Pane Windows
  • Storm Windows
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Parking

  • Detached Garage
  • Circular Driveway
  • Gravel Driveway

Utilities

  • Central Air
  • Heating Available
  • Property is located within a water district
  • Electric Water Heater
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 10 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water cable garbage

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,212

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Access: State Highway
  • Deed Book Page: 328/360
  • Land Use Topography: Rolling
  • Style: 1 Story
  • Tv Cable: Cable Installed
  • Estimated Age: 30+
  • Restriction: Y
  • Stories: One
  • Bedrooms Per Unit: Varies by Unit
  • Full Bathrooms Per Unit: Varies by Unit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Carpet, Vinyl/Linoleum
  • Interior Amenities: Circuit Breakers
  • Dining Kitchen: Eat-In Kitchen
  • Doors and Windows: Storm Windows, Thermal Pane Windows
  • Walls: Paneling, Dry Wall

Exterior Features

  • Construction: Concrete Block, Doublewide
  • Exterior Features: Circular Drive, Gravel Drive, Trees
  • Exterior Finish: Block, Brick/Siding
  • Foundation: Concrete Block, Slab
  • Roof: Composition Shingle, Metal

Garage/Parking

  • Garage Type: Detached

Utilities

  • Electric Company: Western KY RECC
  • Cooling: Central Air
  • Gas Company: Benton Gas
  • Heating: Electric
  • Sewer: Septic
  • Utilities Available: Garbage - Private, Natural Gas Available, DSL/High Speed Internet
  • Water: Y
  • Water Company: North Marshall
  • Water Heater: Electric
  • Electric: Y
  • Water: Water District

Schools

  • Elementary School: Central
  • Middle School: North Marshall
  • High School: Marshall County

Lot Info

  • Estimated Number of Acres: 2.85
  • Easements: Utility
  • Location: County, Highway Frontage

Rental Info

  • Tenant Pays: electric
  • Owner Pays: Water, cable, garbage

Tax Info

  • Tax District: 05

Multi Family

  • Number Of Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Jan 15, 2021
Sold by
Anderson William and Anderson Lisa
Bought by
Alkire Rudolph W and Alkire Brittany J
Seller's Agent
Monti Collins
Housman Partners Benton Branch
Buyer's Agent
Brian Wyatt
Wysh Realty, LLC
List Price
$599,900
Sold Price
$425,000
Premium/Discount to List
-$174,900
-29.15%
Current Estimated Value
$578,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,244
Avg. Annual Appreciation
6.68%
Original Mortgage
$303,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2010
Sold by
Wommack Karen and Wommack Jerry
Bought by
Anderson William B and Anderson Lisa A
Source: Public Records

Range of Values:

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Average Value
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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
Alkire Rudolph W $425,000 None Available
Anderson William B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alkire Brittany J $488,750
Closed Alkire Rudolph W $303,000
Previous Owner Anderson William $25,363
Previous Owner Anderson William $250,000
Previous Owner Anderson William B $35,000
Previous Owner Anderson William B $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $425,000 -29.2% --
11/25/2019 11/25/19 For Sale $599,900 -- --
Source: Western Kentucky Regional MLS

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 $4,212 $425,000 $118,000 $307,000
2023 $4,361 $425,000 $118,000 $307,000
2022 $4,539 $425,000 $118,000 $307,000
2021 $3,030 $280,200 $37,500 $242,700
2020 $3,025 $280,200 $37,500 $242,700
2019 $3,026 $280,200 $37,500 $242,700
2018 $3,039 $280,200 $37,500 $242,700
2017 $3,042 $280,200 $37,500 $242,700
2016 $3,046 $280,200 $37,500 $242,700
2015 $3,063 $280,200 $37,500 $242,700
2014 $3,057 $280,200 $0 $0
2010 -- $270,500 $37,500 $233,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Kentucky Regional MLS

MLS Number: 105575

Western Kentucky Regional MLS

APN: 53-00-00-049.000000