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218 Monterey Road

218 Monterey Road, Franklin, KY 42134
Property in Simpson
Sold Dec 13, 2021
$385,000
$384,000 by Evansville Teachers Federal Cr
Mortgage Due May 01, 2052
Sold Aug 10, 2021
$345,500
$275,600 by The Farmers National Bank Of D
Mortgage Due Aug 10, 2022
Local assessors in Franklin, KY have categorized 218 Monterey Road as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 58,088 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 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 are 2 full bathrooms. There are also 3 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. If we look only at the heated or air conditioned part of the building, then 218 Monterey Road has a total of 2,223 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 2,223 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. The garage on the property is 705 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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 - B. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home has been utilizing gas for fuel. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Dec 10, 2021 for $385,000. That's $173.19 per sqft. Prior to that sales transaction, the property was also sold in Aug 10, 2021 for $345,500. 218 Monterey Road was last assessed in 2023. The total value of the property was assessed at $385,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,647. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: B
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 2,223
  • Parking Type: Offsite
  • Garage Type: Underground/basement
  • Garage Square Area: 705
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 58,088
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,223
  • Building Area: 2,223
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,223
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HUNTINGTON PARK
  • Land Acres: 1.333
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 218 MONTEREY ROAD (INCLUDES HP7)

Ownership

  • Current Owner : BOWEN JOHN HUNTER
  • Current Owner 2: BOWEN STEPHANIE
  • Previous Owner : J H BOWEN PROPERTIES LLC
  • Owner Before Previous Owner: FISS JUDITH G

Neighborhood

  • School District Name: Simpson County School District
  • Census Tract: 970200

Geography

  • Account Number: 6166
  • Parcel: 041-04-00-078.00
  • Municipality: COUNTY
  • Latitude: 36.7558
  • Longitude: -86.563

    Address

  • Full Address: 218 Monterey Rd
  • Address - House Number: 218
  • Address - Street Name: Monterey
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Franklin
  • Carrier Code: R008
  • 4-Digit Zip Code: 9146
  • Zip Code: 42134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,647

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 64
  • Final Value: 426,422
  • High Value: 533,201
  • Low Value: 319,643

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $459,000
  • First Open Lien Mortgage Lender: EVANSVILLE TEACHERS FEDERAL CR
  • First Open Lien Mortgage Recording Date: May 03, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $384,000
  • 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: May 01, 2052
  • Second Open Lien Mortgage Lender: GERMAN AMERICAN BANK
  • Second Open Lien Mortgage Recording Date: Oct 24, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 20, 2033

    Market Valuation

  • Market Total Value: $385,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,000

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Transaction ID: 11875040020
  • Current Sale Price: $385,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1206061
  • Previous Sale Recording Date: Aug 10, 2021
  • Previous Sale Contract Date: Aug 10, 2021
  • Previous Sale Amount: $345,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS BANK & TRUST
  • First Mortgage Transaction Date: Dec 13, 2021
  • First Mortgage Loan Amount: $365,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 07, 2051

    Previous Mortgages

  • Previous Mortgage Lender: THE FARMERS NATIONAL BANK OF D
  • Previous Mortgage Transaction Date: Aug 10, 2021
  • Previous Mortgage Loan Amount: $275,600
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Aug 10, 2022

About Simpson



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Frequently Asked Questions

What neighborhood is 218 Monterey Road located in?
The 218 Monterey Road is a located in the neighborhood of Simpson in Simpson, Franklin.
What is the average sales price for listings in 218 Monterey Road?
The average sales price for units in 218 Monterey Road is $0 currently.

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