NOT LISTED FOR SALE

998 Capitol Ave Elsmere, KY 41018

Estimated Value: $293,287 - $438,000

8 Beds
4 Baths
-- Sq Ft
10,420 Sq Ft Lot

Last Sold August 24, 2020

Last sale price $194,000

Est. 88% increase in value since last sale

Current estimated payment $2,156/month

1 Day on Market

Highlights

  • View of Trees or Woods
  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Wooded Lot

About This Home

As of August 2020

Great Brick Fourplex. All units alike but rents vary based on length of stay. $450, $550, $575, $650

Last Agent to Sell the Property

Teresa Gillum

Sibcy Cline, REALTORS-Florence Listed on: 07/13/2020

Last Buyer's Agent

Jane Ashcraft-West

RE/MAX Victory + Affiliates License #187308

RE/MAX Victory + Affiliates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 10,420 Sq Ft Lot
  • Wooded Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Views of Woods
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Parking Spaces
  • No Garage
  • Parking Lot
  • Off-Street Parking

Schools

  • Arnett Elementary School
  • Tichenor Middle School
  • Lloyd High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, sewer, water
  • Assessor Parcel Number 016-10-01-225.00

Community Details

Overview

  • 4 Units

Building Details

  • New Taxes Expense $3,023
  • Gross Income $26,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cooling: Central Air
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.24
  • Year Built: 1982
  • Lot Size: Irregular
  • Directions: Garvey to Galvin to Capital.
  • New Construction: No
  • Structure Type: Quadruplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Arnett Elementary
  • Location Tax Legal Info:Middle or Junior School: Tichenor Middle School
  • Location Tax Legal Info:High School: Lloyd High
  • Contract Info:Auction YN: No
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: Irregular
  • Remarks Misc:Agent Only Remarks: Property mgr will confirm all appts and access.
  • Cooling:Central Air: Yes
  • Foundation:Poured Concrete: Yes
  • Parking Features Parking Total: 10
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.2392
  • General Property Description:Lot Size Square Feet: 10419.55
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 016-10-01-225.00
  • Appliances Refrigerators: Yes
  • View:TreesWoods: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 4
  • Levels:Two2: Yes
  • Structure Type:Quadruplex: Yes
  • Financial Info:New Taxes Expense: 3023.0
  • Special Features: None

Interior Features

  • Basement: None
  • Heating: Natural Gas, Forced Air
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat, Sewer, Water
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Window Features: Vinyl Clad Window(s)
  • Basement:None10: Yes
  • Appliances Range: Yes

Exterior Features

  • View: Trees/Woods
  • Roof: Shingle
  • Lot Features: Wooded
  • View: Yes
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Other, Poured Concrete
  • Construction Materials:Brick2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Window Features:Vinyl Clad Window(s): Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, No Garage, Off Street
  • Total Parking Spaces: 10.0
  • Parking Features:Off Street2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Arnett Elementary
  • Junior High Dist: Erlanger/Elsmere
  • High School: Lloyd High
  • Middle Or Junior School: Tichenor Middle School

Lot Info

  • Lot Size Sq Ft: 10419.55
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 26700.0
  • Number Of Units Total: 4
  • Vacancy Allowance Rate: 5.0

Tax Info

  • New Taxes Expense: 3023.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2021
Sold by
Abdelmassih William and Shteiwi Christina
Bought by
Massih Rentals Llc
Current Estimated Value
$365,644

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 24, 2020
Sold by
Dacher Properties
Bought by
Abdelmassih William
Seller's Agent
Teresa Gillum
Sibcy Cline, REALTORS-Florence
Buyer's Agent
Jane Ashcraft-West
RE/MAX Victory + Affiliates
List Price
$195,000
Sold Price
$194,000
Premium/Discount to List
-$1,000
-0.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.53%

Purchase Details

Closed on
Aug 14, 2014
Sold by
Carson Darryl L
Bought by
Dacher Properties Llc

Purchase Details

Closed on
May 30, 2014
Sold by
Franklin B Perkins Jr Revocable Trust and Perkins Franklin B
Bought by
Carson Darryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2013
Sold by
Perkins Frank and Perkins Martha
Bought by
Perkins Franklin B and Perkins Martha R

Purchase Details

Closed on
Oct 5, 2001
Sold by
Knochelmann Thomas H
Bought by
Perkins Frank and Perkins Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.89%
Mortgage Type
Commercial
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
Massih Rentals Llc -- None Available
Abdelmassih William $194,000 Agility Closing & Ttl Svcs I
Dacher Properties Llc -- None Available
Carson Darryl L $166,000 Springdale Title Llc
Perkins Franklin B -- None Available
Perkins Frank $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carson Darryl L $124,500
Previous Owner Perkins Frank $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $194,000 -0.5% --
07/14/2020 07/14/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $195,000 -- --
Source: Northern Kentucky Multiple Listing Service

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
2025 $2,947 $194,000 $30,000 $164,000
2024 $2,978 $194,000 $30,000 $164,000
2023 $2,908 $194,000 $30,000 $164,000
2022 $3,429 $194,000 $30,000 $164,000
2021 $3,470 $194,000 $30,000 $164,000
2020 $3,062 $170,000 $30,000 $140,000
2019 $3,023 $170,000 $30,000 $140,000
2018 $3,015 $166,000 $30,000 $136,000
2017 $2,651 $166,000 $30,000 $136,000
2015 $3,128 $166,000 $30,000 $136,000
2014 $2,949 $160,000 $30,000 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 539569

Northern Kentucky Multiple Listing Service

APN: 016-10-01-225.00