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363 Merravay Drive

363 Merravay Drive, Florence, KY 41042
Property in Boone
Sold Jun 28, 2021
$195,000
$191,468 by Prosperity Home Mortgage Llc
Mortgage Due Jul 01, 2051
Sold May 09, 2006
$90,100
363 Merravay Drive has been categorized by the local assessors in Florence, KY as a residential type of property. The building on the property was first built in 1974 and is 50 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 363 Merravay Drive has 936 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,614 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 363 Merravay Drive sold most recently in Jun 22, 2021 for a total of $195,000. If you work out the math, that's approximately a cost of $208.33 per sqft. Before that, the property was also sold for $90,100 in May 1, 2006. 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 $2,469 in taxes each year. The initial year of tax delinquency occurred in 2021. 363 Merravay Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $195,000. If we break it down further, the land itself was valued at $25,000. Improvements to the property, however, were assessed at a total of $170,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Brick
  • Building Style: Bi-level
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 936
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PINE LAKE
  • Land Acres: 0.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PINE LAKE SEC 4 LOT 25

Ownership

  • Current Owner : MAYOKO PAPY NSUALU
  • Current Owner 2: MBULUKU CHRISTELLE M
  • Previous Owner : JOLLY BARRY T
  • Previous Owner 2: JOLLY SUSAN
  • Owner Before Previous Owner: ALASKA SEABOARD PARTNERS LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Kenton County School District
  • School Tax School District: 05-COMMON SD
  • School Tax District Code 2: ELSMERE
  • School Tax District Code 3: ELSMERE
  • Census Tract: 063607

Geography

  • District: 67
  • Section: 4
  • Subdivision Phase Number: 4
  • Parcel: 004-42-00-074.00
  • Lot: 25
  • Municipality: ELSMERE
  • Latitude: 38.9904
  • Longitude: -84.6132

    Address

  • Full Address: 363 Merravay Dr
  • Address - House Number: 363
  • Address - Street Name: Merravay
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Florence
  • Carrier Code: C002
  • 4-Digit Zip Code: 2835
  • Zip Code: 41042

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,469
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.2403
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 270,861
  • High Value: 335,966
  • Low Value: 205,755

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $197,468
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 28, 2021
  • First Open Lien Mortgage Loan Amount: $191,468
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051
  • Second Open Lien Mortgage Lender: LEXINGTON-FAYETTE URBAN COUNTY
  • Second Open Lien Mortgage Recording Date: Jun 28, 2021
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $195,000
  • Market Land Value: $25,000
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,000
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $170,000

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Transaction ID: 11841543191
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21062805900220
  • Previous Sale Recording Date: May 09, 2006
  • Previous Sale Contract Date: May 01, 2006
  • Previous Sale Amount: $90,100
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 28, 2021
  • First Mortgage Loan Amount: $191,468
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051
  • Second Mortgage Lender: LEXINGTON-FAYETTE URBAN COUNTY
  • Second Mortgage Transaction Date: Jun 28, 2021
  • Second Mortgage Loan Amount: $6,000
  • Second Mortgage Terms: 120
  • Second Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Mortgage Loan Due Date: Jul 01, 2031

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 363 Merravay Drive located in?
The 363 Merravay Drive is a located in the neighborhood of Boone in Florence, Florence.
What is the average sales price for listings in 363 Merravay Drive?
The average sales price for units in 363 Merravay Drive is $0 currently.

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