NOT LISTED FOR SALE

Estimated Value: $150,000 - $242,000

6 Beds
4 Baths
-- Sq Ft
0.3 Acres

Last Sold January 03, 2024

Last sale price $185,000

Est. 12% increase in value since last sale

Current estimated payment $1,175/month

44 Days on Market

About This Home

As of January 2024

Very nice income producing property with excellent location in the heart of Stanford. Older 1 1/2 story home has 4 apartments. The main floor has eat in kitchen, 2 BR, bath, WD hookup, porch. Upstairs is 2 BR, with lot of closet space, 1 bath, kitchen, utility rm, window AC. The bsmt is divided into two separate efficiency apts with kitchen, den, and bath. One has 1 BR, the other is 2 BR. Gas heat, gas water heaters. Nice detached garage for storage or extra rental income. Very solid rental history and consistent cash flow producer. Very close to shopping, eating, park, historic downtown Stanford.

Last Agent to Sell the Property

Ed Irvin

Weichert Realtors Ford Brothers - Lancaster License #194148 Listed on: 10/23/2023

Last Buyer's Agent

Susan Hunstad

Coldwell Banker VIP Realty, Inc. License #198391

Coldwell Banker VIP Realty, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.3

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Stanford Elementary School
  • Lincoln Co Middle School
  • Lincoln Co High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Additional Features

  • 2-Story Property
  • 0.3 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 051-05-33-005.00

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Building Details

  • Electric Expense $3,350
  • Fuel Expense $1,500
  • Insurance Expense $1,400
  • Trash Expense $180
  • Real Estate Tax Expense $1,200
  • Operating Expense $9,300
  • Gross Income $2,340

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family, Other
  • Year Built: 9999
  • New Construction: No
  • Roof:Composition: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Lot Size Area: 0.3
  • Total Stories: 2

Exterior Features

  • Roof: Composition
  • List Price: 197800.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Window Unit(s), Other
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating:Forced Air: Yes

Fee Information

  • Fuel Expense: 1500.0
  • Trash Expense: 180.0

Schools

  • Elementary School: Stanford
  • High School: Lincoln Co
  • Middle or Junior School: Lincoln Co

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068.0
  • Parcel Number: 051-05-33-005.00
  • Zoning Description: Residential

Multi Family

  • Electric Expense: 3350.0
  • Insurance Expense: 1400.0
  • Number of Units Total: 4
  • Operating Expense: 9300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2023
Closed on
Dec 27, 2023
Sold by
Dse Properties Llc
Bought by
Tomorrow Investments Llc
Seller's Agent
Ed Irvin
Weichert Realtors Ford Brothers - Lancaster
Buyer's Agent
Susan Hunstad
Coldwell Banker VIP Realty, Inc.
List Price
$239,900
Sold Price
$185,000
Premium/Discount to List
-$54,900
-22.88%
Views
82
Current Estimated Value
$207,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,667
Avg. Annual Appreciation
6.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tomorrow Investments Llc $180,000 None Listed On Document
Tomorrow Investments Llc $180,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2024 01/03/24 Sold $185,000 -6.5% --
12/07/2023 12/07/23 Pending -- -- --
12/03/2023 12/03/23 Price Changed $197,800 -12.1% --
11/13/2023 11/13/23 Price Changed $225,000 -6.2% --
10/23/2023 10/23/23 For Sale $239,900 -- --
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
2025 $1,047 $185,000 $20,000 $165,000
2024 $1,047 $108,900 $17,570 $91,330
2023 $1,057 $108,900 $17,570 $91,330
2022 $1,060 $108,900 $17,570 $91,330
2021 $1,086 $108,900 $0 $0
2020 $673 $65,900 $0 $0
2019 $680 $65,900 $0 $0
2018 $673 $65,900 $0 $0
2017 -- $65,900 $0 $0
2016 $660 $65,900 $0 $0
2015 $544 $65,900 $0 $0
2012 $544 $65,900 $7,560 $58,340
Source: Public Records

Agents Affiliated with this Home

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Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23020536

ImagineMLS (Bluegrass REALTORS®)

APN: 051-05-33-005.00