NOT LISTED FOR SALE

705 Engineer St Corbin, KY 40701

Estimated Value: $216,000 - $226,000

5 Beds
3 Baths
4,332 Sq Ft
$51/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $215,000 $50 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,271/month

5 Days on Market

Highlights

  • Cooling Available
  • Corbin Elementary School Rated A
  • Forced Air Heating System

About This Home

As of May 2023

Investment opportunity! This tri-plex property offers 2 one bedroom, one bath units and a 3 bedroom 1 bath unit. All units have designated cover parking areas, brick construction, seperate enterances for each unit as well! Located in the heart of Corbin city limits. Both 1bed/1bath units are currently rented and gross $1575 per month. 3 bedroom unit is vacant for showings (market rent $850 plus utilities). Property is currently under professional management which allows the new owner to totally be hands off! Pre-approval or proof of funds must be made available before showings.

Last Agent to Sell the Property

Kyle French

Revolution Realty, LLC License #216628 Listed on: 04/21/2023

Last Buyer's Agent

Kyle French

Revolution Realty, LLC License #216628 Listed on: 04/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,075

Year Built

  • Built in 1934

Lot Details

  • 0.25 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 4,332 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Central Elementary School
  • Corbin Middle School
  • Corbin High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Air Source Heat Pump

Listing and Financial Details

  • Assessor Parcel Number 002-30-13-002.00

Community Details

Overview

  • 3 Units
  • City Limits Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,075

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Triplex
  • Structure Type: Triplex
  • Year Built: 1934
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • LivingArea: 4332.0
  • Lot Size Area: 0.25
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 219900.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Central Elementary
  • High School: Corbin High School
  • Middle or Junior School: Corbin

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel Number: 002-30-13-002.00
  • Zoning Description: r3

Multi Family

  • Number of Units Total: 3
  • Number of Units Vacant: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2018
Sold by
Maria Apartments Llc
Bought by
Wahlstedt James T and Wahlstedt Sarah E
Current Estimated Value
$221,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Outstanding Balance
$100,998
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$120,893
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
Wahlstedt James T $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wahlstedt James T $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $215,000 -2.2% $50 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $219,900 -- $51 / 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 $1,075 $215,000 $30,000 $185,000
2023 $1,095 $205,000 $0 $0
2022 $899 $170,000 $0 $0
2021 $906 $170,000 $0 $0
2020 $899 $170,000 $0 $0
2019 $887 $170,000 $0 $0
2018 $569 $112,500 $0 $0
2017 $543 $112,500 $0 $0
2016 $521 $112,500 $0 $0
2015 $489 $112,500 $0 $0
2013 $480 $112,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kyle French

    Revolution Realty, LLC

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23007100

ImagineMLS (Bluegrass REALTORS®)

APN: 002-30-13-002.00

Kentucky Knox County Corbin 40701

705 Engineer St, Corbin, KY

This home is located at 705 Engineer St, Corbin, KY 40701 since 21 April 2023 and is currently estimated at $221,891, approximately $51 per square foot. This property was built in 1934. 705 Engineer St is a home located in Knox County with nearby schools including Corbin Preschool, Corbin Elementary School, and Corbin Intermediate 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.

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