NOT LISTED FOR SALE

7101 Covered Cove Way Prospect, KY 40059

Estimated Value: $1,853,000 - $1,976,351

10 Beds
10 Baths
14,645 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $1,820,000 $124 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,951/month

176 Days on Market

Highlights

  • Tennis Courts
  • Spa
  • Deck
  • Norton Elementary School Rated A-
  • Colonial Architecture
  • 4 Fireplaces

About This Home

As of August 2023

Pool party anytime, no need to wait until summer with this magnificent offering. Winding up the long wooded drive you know you are about to experience something special. As you approach the front you come to a clearing and the golf course lays out beautifully in front of you. All views are exceptional. This unique offering is suitable for multi-generational use with its separate 2 bedroom apartment and elevator access to 3 of the 4 levels. This home also has an indoor pool and rec room. The home is completely updated and ready to move in. Custom Closet interiors in most every Br. The primary suite is spectacular and includes a laundry room, triple custom closets, steam shower, fireplace and private balcony. Newer Thermador kitchen with huge walk-in pantry. Additional feature Potential to build a pickle ball court over the pool, 6 car heated garage, wide plank white Oak flooring, 4 stairways, 6 HVAC systems, 4 balconies with incredible views, Theater room with custom seating, His and Her pool baths and changing rooms, wet bar/ kitchen in the pool/rec room. 4 fireplaces, Custom curved foyer stairway, rotating foyer chandelier, some baths with bidets, dbl 75 gallon water heaters, central vac rough-in, wide driveway that circles the entire home, home is located on the 4th hole of the Hunting Creek Golf Course. Seller can modify the terms of this offer at anytime.

Last Agent to Sell the Property

David Yunker

RE/MAX Properties East Brokerage Phone: 502-419-0994 License #183235 Listed on: 01/12/2023

RE/MAX Properties East

Last Buyer's Agent

David Yunker

RE/MAX Properties East Brokerage Phone: 502-419-0994 License #183235 Listed on: 01/12/2023

RE/MAX Properties East

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,712

Year Built

  • Built in 1991

Lot Details

  • 4.28

Parking

  • 6 Car Attached Garage
  • Side or Rear Entrance to Parking
  • Driveway

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • 4 Fireplaces
  • Basement

Bedrooms and Bathrooms

  • 10 Bedrooms

Outdoor Features

  • Spa
  • Tennis Courts
  • Balcony
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Estates Of Hunting Creek Subdivision

Listing and Financial Details

  • Legal Lot and Block 0167 / 2608
  • Assessor Parcel Number 260801670000
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,712

Year Built

Built in 1991

Lot Details

0

Parking

6

Listing Details

  • Cooling System: Central Air
  • Stories: 3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Attribution Contact: 502-419-0994
  • Garage Yn: Yes
  • Subdivision Name: ESTATES OF HUNTING CREEK
  • Above Grade Finished Sq Ft: 11395.0
  • Architectural Style: Colonial
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Dining Room Level: First
  • Full Bathroom Level: Second
  • Half Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Lot Description:Wooded: Yes
  • Pool Features In Ground: Yes
  • Sewer:Public Sewer: Yes
  • Architectural Style:Colonial: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Walkout Finished
  • Fireplaces Basement: 1
  • Fireplaces Level 1: 3
  • Bedroom Level: Second
  • Family Room Level: First
  • Game Room Level: Basement
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Media Room Level: Basement
  • Office Level: First
  • Other Level: First
  • Basement YN: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 10
  • Below Grade Sq Ft: 3250.0
  • Fireplaces: 4
  • Total Bedrooms: 20
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • BasementFoundation:Poured Concrete: Yes
  • Other Rooms:Office: Yes

Exterior Features

  • Fencing: None
  • Roof: Shingle
  • Acres: 4.28
  • Construction Type: Brick Veneer
  • Exterior Features: Tennis Court, Balcony, Hot Tub
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Deck, Porch
  • Patio And Porch Features:Deck2: Yes
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

  • Garage Spaces: 6.0
  • Attached Garage: Yes
  • Parking Features: Attached, Entry Rear, Driveway
  • General Property Description:Garage Spaces: 6
  • GarageParking:Attached: Yes
  • Garageparkingdriveway: Yes

Utilities

  • Utilities: Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Jefferson

Lot Info

  • Lot Size Sq Ft: 186436.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 260801670000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1991

Tax Info

  • Tax Block: 2608
  • Tax Lot: 0167

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Aug 30, 2023
Sold by
Grossfeld Stacie L and Grossfeld Karl David
Bought by
Palazzo Charles Dominic and Palazzo Michelle Deanne
Seller's Agent
David Yunker
RE/MAX Properties East
Buyer's Agent
David Yunker
RE/MAX Properties East
List Price
$2,700,000
Sold Price
$1,820,000
Premium/Discount to List
-$880,000
-32.59%
Total Days on Market
176
Views
1037
Current Estimated Value
$1,926,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,838
Avg. Annual Appreciation
3.14%
Original Mortgage
$1,729,000
Outstanding Balance
$1,698,559
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$223,141

Purchase Details

Listed on
May 15, 2018
Closed on
Jun 22, 2018
Sold by
Chennareddy Sudhakara and Chennareddy Santhi P
Bought by
Grossfeld Stacie L and Dockstader Karl
Seller's Agent
Jon Mand
Lenihan Sotheby's International Realty
Buyer's Agent
David Yunker
RE/MAX Properties East
List Price
$1,985,000
Sold Price
$1,780,000
Premium/Discount to List
-$205,000
-10.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.43%
Original Mortgage
$1,335,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2011
Sold by
Bullock Bettie Corum
Bought by
Chennareddy Sudhakara and Chennareddy Santhi P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2010
Sold by
Bullock Norman J and Bullock Bettie Corum
Bought by
Bullock Norman J and Bullock Bettie Corum

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Palazzo Charles Dominic $1,820,000 None Listed On Document
Grossfeld Stacie L $1,780,000 Mattingly Ford Title Svcs Ll
Chennareddy Sudhakara $1,000,000 None Available
Bullock Norman J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palazzo Charles Dominic $1,729,000
Previous Owner Grossfeld Stacie $866,500
Previous Owner Grossfeld Stacie L $1,335,000
Previous Owner Chennareddy Sudhakara $417,000
Previous Owner Chennareddy Sudhakara $803,700
Previous Owner Chennareddy Sudhakara $800,000
Previous Owner Bullock Norman J $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $1,820,000 0.0% $124 / Sq Ft
06/30/2023 06/30/23 Price Changed $1,820,000 -2.7% $124 / Sq Ft
06/23/2023 06/23/23 Price Changed $1,870,000 -2.6% $128 / Sq Ft
06/16/2023 06/16/23 Price Changed $1,920,000 -1.3% $131 / Sq Ft
06/10/2023 06/10/23 Price Changed $1,945,000 -1.3% $133 / Sq Ft
06/05/2023 06/05/23 Price Changed $1,970,000 -1.3% $135 / Sq Ft
04/09/2023 04/09/23 Price Changed $1,995,000 -9.1% $136 / Sq Ft
03/26/2023 03/26/23 Price Changed $2,195,000 -15.4% $150 / Sq Ft
02/13/2023 02/13/23 Price Changed $2,595,000 -3.9% $177 / Sq Ft
01/12/2023 01/12/23 For Sale $2,700,000 +51.7% $184 / Sq Ft
06/22/2018 06/22/18 Sold $1,780,000 -10.3% $122 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $1,985,000 -- $136 / Sq Ft
Source: Metro Search (Greater Louisville Association of 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 $20,712 $1,820,000 $305,800 $1,514,200
2023 $21,169 $1,828,050 $305,800 $1,522,250
2022 $21,242 $1,780,000 $297,000 $1,483,000
2021 $22,337 $1,780,000 $297,000 $1,483,000
2020 $20,506 $1,780,000 $297,000 $1,483,000
2019 $20,093 $1,780,000 $297,000 $1,483,000
2018 $17,313 $1,559,060 $297,000 $1,262,060
2017 $16,362 $1,559,060 $297,000 $1,262,060
2013 $12,500 $1,250,000 $295,710 $954,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1628410

Metro Search (Greater Louisville Association of REALTORS®)

APN: 260801670000