NOT LISTED FOR SALE

Estimated Value: $1,259,039

-- Bed
-- Bath
10,800 Sq Ft
$117/Sq Ft Est. Value

Last Sold February 15, 2012

Last sale price $300,000 $28 Per Sq Ft

Est. 320% increase in value since last sale

Current estimated payment $7,840/month

27 Days on Market

Highlights

  • Balcony
  • Brick Veneer
  • Central Air
  • Barret Traditional Middle School Rated A-

About This Home

As of February 2012

This Multifamily project was built in 1996, it has a total of 12 units all are three bedroom one bath. Current rents average $532 a month per unit. This property is all section 8 rented and has good income and cash flow history. Right now there is only one vacancy. All the units are separately metered and tenants pay their own utilities, landlord pays for water and common electric meter. This property is Rent and Income restricted thru HUD until March of 2026, this document is attached to the listing. The buyer will be required to sign and record a similar declaration upon closing of the building. It is currently professionally Managed by Schempp Realty & Management.

Last Agent to Sell the Property

Matt Henney

German Henney Real Estate Co. Listed on: 12/14/2011

Co-Listed By

Bob German

German Henney Real Estate Co.

Last Buyer's Agent

Bob German

German Henney Real Estate Co.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,919

Lot Details

  • 0.42

Home Design

  • 10,800 Sq Ft Home
  • Brick Veneer
  • Asphalt Roof
  • Vinyl Siding

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • The owner pays for water
  • Legal Lot and Block 0006 / 030F
  • Assessor Parcel Number 030F-0006-0000

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,919

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: .4555
  • Property Sub Type: Apartment
  • Property Type: MultiFamily
  • Co List Office Mls Id: 15091
  • Co List Office Phone: 502-727-2822
  • Above Grade Finished Sq Ft: 10800.0
  • Utilities Electricity Connected: Yes
  • Cooling Central Air: Yes
  • Utilities City Sewer: Yes
  • RoofAsphalt: Yes
  • Special Features: None

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Frame, Vinyl Siding, Brk/Ven
  • Exterior Features: Balcony
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 10.0

Utilities

  • Utilities: City Sewer, City Water, Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes

Lot Info

  • Parcel #: 030F-0006-0000

Rental Info

  • Owner Pays: Water
  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Block: 030F
  • Tax Lot: 0006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2018
Sold by
Mirage Properties Iii Llc
Bought by
Brook St Llc
Current Estimated Value
$1,259,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,750
Outstanding Balance
$252,325
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$865,732

Purchase Details

Closed on
Feb 27, 2014
Sold by
Henney Homes Llc
Bought by
Mirage Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 14, 2011
Closed on
Feb 15, 2012
Sold by
Brook Court Apartments Ltd
Bought by
Henney Homes Llc
Seller's Agent
Matt Henney
German Henney Real Estate Co.
Buyer's Agent
Bob German
German Henney Real Estate Co.
List Price
$456,000
Sold Price
$300,000
Premium/Discount to List
-$156,000
-34.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$249,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Brook St Llc $755,000 Mattingly Ford Title Service
Mirage Properties Iii Llc $525,000 None Available
Henney Homes Llc $300,000 Kentucky Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brook St Llc $641,750
Previous Owner Mirage Properties Iii Llc $0
Previous Owner Mirage Properties Iii Llc $420,000
Previous Owner Henney Homes Llc $246,000
Previous Owner Henney Homes Llc $249,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2012 02/15/12 Sold $300,000 -34.2% $28 / Sq Ft
01/10/2012 01/10/12 Pending -- -- --
12/14/2011 12/14/11 For Sale $456,000 -- $42 / 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 $11,919 $928,290 $160,000 $768,290
2023 $12,458 $928,290 $160,000 $768,290
2022 $10,268 $755,000 $60,000 $695,000
2021 $10,944 $755,000 $60,000 $695,000
2020 $10,374 $755,000 $60,000 $695,000
2019 $10,128 $755,000 $60,000 $695,000
2018 $6,953 $525,000 $60,000 $465,000
2017 $6,842 $525,000 $60,000 $465,000
2013 $3,000 $300,000 $72,000 $228,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1319788

Metro Search (Greater Louisville Association of REALTORS®)

APN: 030F00060000