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147 Iron Drive

147 Iron Drive, Frankfort, KY 40601
House in Franklin
Sold Dec 18, 2017
$99,000
$77,250 by United Mortgage Corp
Mortgage Due Nov 01, 2047
Sold May 06, 2016
$65,000
Local assessors in Frankfort, KY have categorized 147 Iron Drive as a residential type of property. The property's lot size has been calculated to be 15,734 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of rock and stone were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 147 Iron Drive sold most recently in Oct 25, 2017 for a total of $99,000. Before that, the property was also sold for $65,000 in Apr 13, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,255 in taxes each year. 147 Iron Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $105,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Rock and stone
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Type: Built-in
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,734
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: IRON SUB
  • Land Acres: 0.361
  • Standard Land Use Code: Single family residential
  • Legal Description 1: IRON SUB LOT 25

Ownership

  • Current Owner : RAGSDALE ROSS
  • Current Owner 2: RAGSDALE LAURA
  • Previous Owner : EG PROPERTIES INC
  • Owner Before Previous Owner: TEEM FOODS COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin County School District
  • Census Tract: 071001

Geography

  • Account Number: 68708
  • District: 1
  • Subdivision Phase Number: 1
  • Parcel: 052-20-02-009.00
  • Lot: 25
  • Municipality: COUNTY
  • Latitude: 38.1094
  • Longitude: -84.917

    Address

  • Full Address: 147 Iron Dr
  • Address - House Number: 147
  • Address - Street Name: Iron
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Frankfort
  • Carrier Code: R012
  • 4-Digit Zip Code: 8147
  • Zip Code: 40601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,255

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 673,889
  • High Value: 971,956
  • Low Value: 375,821

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $127,250
  • First Open Lien Mortgage Lender: UNITED MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 18, 2017
  • First Open Lien Mortgage Loan Amount: $77,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2047
  • Second Open Lien Mortgage Lender: COMMUNITY TRUST BANK, INC.
  • Second Open Lien Mortgage Recording Date: Jan 08, 2024
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 15, 2043

    Market Valuation

  • Market Total Value: $105,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,000

    Sales

  • Current Sale Contract Date: Oct 25, 2017
  • Current Sale Recording Date: Dec 18, 2017
  • Current Sale Transaction ID: 11339166005
  • Current Sale Price: $99,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 468423
  • Previous Sale Recording Date: May 06, 2016
  • Previous Sale Contract Date: Apr 13, 2016
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Commissioner's Deed - North Carolina in probate-related transfers. In Hawaii foreclosure-related transfers.

    Last Sale Mortgage

  • First Mortgage Lender: UNITED MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 18, 2017
  • First Mortgage Loan Amount: $77,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2047

About Franklin



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Frequently Asked Questions

What neighborhood is 147 Iron Drive located in?
The 147 Iron Drive is a house located in the neighborhood of Franklin in Franklin, Frankfort.
What is the average sales price for listings in 147 Iron Drive?
The average sales price for units in 147 Iron Drive is $119,900 , or $99/sqft. currently.

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