NOT LISTED FOR SALE

Estimated Value: $406,000 - $6,971,282

-- Bed
116 Baths
-- Sq Ft
15 Acres

Last Sold December 30, 2021

Last sale price $8,900,000

Current estimated payment $27,055/month

5 Days on Market

About This Home

As of December 2021

Great opportunity for investment. Manchester location, close to I-24.

Last Agent to Sell the Property

Jennifer Trail

Better Homes & Gardens Real Estate Heritage Group License #264815 Listed on: 12/15/2021

Last Buyer's Agent

Mitch Umbarger

Better Homes & Gardens Real Estate Heritage Group License #283717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$91,368

Year Built

1975

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • PropertyUnitTypes: {"UnitTypeActualRent":0,"UnitTypeType":"Unit 1","UnitTypeBathsTotal":0,"UnitTypeBedsTotal":0,"UnitTypeKey":"RTC2645900Group_1"}, {"UnitTypeActualRent":0,"UnitTypeType":"Unit 2","UnitTypeBathsTotal":0,"UnitTypeBedsTotal":0,"UnitTypeKey":"RTC2645900Group_2"}
  • Carport Y N: No
  • Directions: From eastbound I-24 Exit 110 turn right onto Hwy 53, approx. 1/2 mile turn right onto Hendrixson Dr, property is on the right.
  • Garage Yn: Yes
  • Inclusions: NEGOT
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Subdivision Name: none
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1975

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Westwood Jr High School

Lot Info

  • Zoning: Commercial

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 130

Tax Info

  • Tax Annual Amount: 95188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Dec 30, 2021
Sold by
Char El Apartments & Realty Inc
Bought by
Hale Adrian and Hale Cynthia
Seller's Agent
Jennifer Trail
Better Homes & Gardens Real Estate Heritage Group
Buyer's Agent
Mitch Umbarger
Better Homes & Gardens Real Estate Heritage Group
List Price
$8,900,000
Sold Price
$8,900,000
Current Estimated Value
$3,688,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,211,359
Avg. Annual Appreciation
-20.26%
Original Mortgage
$3,900,000
Outstanding Balance
$3,579,598
Interest Rate
3.11%
Estimated Equity
$109,043
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hale Adrian $8,900,000 Woodland Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Adrian $3,900,000
Closed Hale Adrian $4,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $8,900,000 0.0% --
12/21/2021 12/21/21 Pending -- -- --
12/15/2021 12/15/21 For Sale $8,900,000 -- --
Source: Realtracs

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 $91,368 $2,167,360 $240,000 $1,927,360
2023 $91,368 $2,167,360 $0 $0
2022 $78,673 $2,167,360 $240,000 $1,927,360
2021 $66,230 $1,446,160 $47,800 $1,398,360
2020 $66,230 $1,446,160 $47,800 $1,398,360
2019 $66,230 $1,446,160 $47,800 $1,398,360
2018 $66,230 $1,446,160 $47,800 $1,398,360
2017 $68,596 $1,307,720 $47,800 $1,259,920
2016 $68,596 $1,307,720 $47,800 $1,259,920
2015 $68,596 $1,307,720 $47,800 $1,259,920
2014 $68,597 $1,307,723 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Realtracs

MLS Number: 2316910

Realtracs

APN: 067I-A-016.00