NOT LISTED FOR SALE

8475 Watersedge Dr Florence, KY 41042

Estimated Value: $235,970 - $267,000

3 Beds
3 Baths
2,295 Sq Ft
$390/mo HOA Fee

Last Sold January 24, 2024

Last sale price $223,000 $97 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,892/month

4 Days on Market

Highlights

  • Lake View
  • Bonus Room
  • Wet Bar
  • Traditional Architecture
  • Formal Dining Room
  • Living Room

About This Home

As of January 2024

Wonderful opportunity with this spacious Lakefront condo. A rare find in the Saddlebrook development. Cathedral ceilings in the great room, 2 bedrooms on the main floor provide no step living. Finished, walk out lower level with an additional bedroom and full bath. Unique 4 seasons room sits beautifully over the lake. One of the best lots in the development.

Last Agent to Sell the Property

Chris Kennedy

Sibcy Cline, REALTORS-Florence License #191905 Listed on: 12/14/2023

Sibcy Cline, REALTORS-Florence

Last Buyer's Agent

Jennifer Bachmann

Trauth Property Group License #262117

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1992

Lot Details

  • 1,699

HOA Fees

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 2,295 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Gas Fireplace
  • Vinyl Clad Windows
  • Entryway
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Lake Views
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • Finished Basement Bathroom
  • Stubbed For A Bathroom

Schools

  • Ockerman Elementary School
  • Jones Middle School
  • Boone County High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 062.01-33-130.01

Community Details

Overview

  • Morgan's Trace Association, Phone Number (859) 491-5711

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1992

Lot Details

1,699 Sq Ft Lot

HOA Fees

$390 per month

Parking

1

Listing Details

  • Cooling: Central Air
  • Property Sub Type: Condominium
  • Year Built: 1992
  • Lot Size: of record
  • Directions: Weaver Rd to Saddlebrook, right on Morgans Trace, left on Watersedge
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Location Tax Legal Info:Property Attached YN: Yes
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Ockerman Elementary
  • Location Tax Legal Info:Middle or Junior School: Jones Middle School
  • Location Tax Legal Info:High School: Boone County High
  • Location Tax Legal Info:Subdivision2: Saddlebrook Farms
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: of record
  • Appliances Microwave: Yes
  • Cooling:Central Air: Yes
  • Foundation:Poured Concrete: Yes
  • Roof:Shingle: Yes
  • Room Type:Dining Room4: Yes
  • Room Type:Entry: Yes
  • Room Type:Family Room4: Yes
  • Room Type:Laundry Room3: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Room Details:Family Room YN: Yes
  • Room Details:Formal Dining Rm YN: Yes
  • General Property Description:Living Area: 2295.0
  • Architecture:Traditional: Yes
  • Levels:Two: Yes
  • Location Tax Legal Info:Tax ID: 062.01-33-130.01
  • Appliances Refrigerators: Yes
  • Room Type:Living Room4: Yes
  • General Property Description:Fireplaces Total: 1
  • Property Ownership:EstateTrust: Yes
  • Room Type:Bonus Room2: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Percent Basement Finished: Yes
  • Condo Information:Entry Level: 1
  • Pets Allowed:Pets Allowed: Yes
  • Condo Information:Elevator(s)2: No
  • View:Lake2: Yes
  • Special Listing Conditions:Trust: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar
  • Basement: Finished, Bath/Stubbed, Walk-Out Access
  • Heating: Forced Air
  • Levels: Two
  • Entry Level: 1
  • Property Type: Residential
  • Appliances: Electric Cooktop, Dishwasher, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2295.0
  • Window Features: Vinyl Clad Window(s)
  • Appliances Dishwasher: Yes
  • Basement:Walk-Out Access7: Yes
  • Family Room Features:Walk-Out Access4: Yes
  • Basement:Full Finished Bath: Yes
  • Fireplace Features:Gas: Yes
  • Appliances:Electric Cooktop: Yes
  • Basement:Wet Bar5: Yes
  • Dining Room Features:See Remarks22: Yes
  • Kitchen Features:See Remarks8: Yes
  • Primary Bedroom Features:See Remarks16: Yes
  • Living Room Features:See Remarks11: Yes
  • Primary Bath Features:See Remarks15: Yes

Exterior Features

  • View: Lake
  • Roof: Shingle
  • View: Yes
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Poured Concrete
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone2: Yes
  • Window Features:Vinyl Clad Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Garage
  • General Property Description:Garage Spaces: 1.0
  • Parking Features:Driveway: Yes
  • Parking Features:Garage5: Yes
  • Condo Information:Direct Entry Garage-Unit: Yes
  • Condo Information:Direct Entry Garage-Building: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Available, Water Available
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association #2 Fee: 240.0
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 350.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Information:Association YN: Yes
  • Association Information:Association Management Name 1: Morgan's Trace Association
  • Association Information:Association Management Phone 1: (859) 491-5711
  • Association Information:Total Yearly Fees: 4680.0
  • Association Information:Association Fee: 350.0
  • Association Information:Association Fee Frequency: Monthly
  • Association Information:Association Fee 2: 240.0
  • Association Information:Association Fee 2 Frequency: Semi-Annually

Schools

  • Elementary School: Ockerman Elementary
  • Junior High Dist: Boone Co Public
  • High School: Boone County High
  • Middle Or Junior School: Jones Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 24, 2024
Sold by
Simpson Sharon P
Bought by
Klein Gary and Klein Sabrina
Seller's Agent
Chris Kennedy
Sibcy Cline, REALTORS-Florence
Buyer's Agent
Jennifer Bachmann
Trauth Property Group
List Price
$239,900
Sold Price
$223,000
Premium/Discount to List
-$16,900
-7.04%
Views
70
Current Estimated Value
$256,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,993
Avg. Annual Appreciation
7.06%
Original Mortgage
$100,000
Outstanding Balance
$98,064
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$158,929

Purchase Details

Closed on
Jul 12, 2013
Sold by
Cantrell Timothy W and Estate Of Janice E Cantrell
Bought by
Simpson Peyton Larue and Simpson Sharon P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,743
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2000
Sold by
Combs James M
Bought by
Janice E Cantrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
7.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 1996
Sold by
Neef Alfred
Bought by
Combs James M and Combs Jessie I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.21%
Mortgage Type
New Conventional
Source: Public Records
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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
Klein Gary $223,000 360 American Title Services
Simpson Peyton Larue $127,000 Kentucky Land Title Agency
Janice E Cantrell $141,000 --
Combs James M $140,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klein Gary $100,000
Previous Owner Simpson Peyton Larue $78,743
Previous Owner Janice E Cantrell $41,000
Previous Owner Combs James M $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2024 01/24/24 Sold $223,000 -7.0% $97 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $239,900 -- $105 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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 $2,132 $223,000 $15,000 $208,000
2024 $1,217 $172,700 $15,000 $157,700
2023 $1,191 $172,700 $15,000 $157,700
2022 $1,253 $172,700 $15,000 $157,700
2021 $1,110 $127,000 $0 $127,000
2020 $851 $127,000 $0 $127,000
2019 $858 $127,000 $0 $127,000
2018 $934 $127,000 $0 $127,000
2017 $865 $127,000 $0 $127,000
2015 $865 $127,000 $0 $127,000
2013 -- $141,000 $0 $141,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 619214

Northern Kentucky Multiple Listing Service

APN: 062.01-33-130.01

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