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502 Rifle Lane

502 Rifle Lane, Erlanger, KY 41018
Property in Kenton
Sold Apr 06, 2021
$183,000
$187,209 by Mortgage Research Center Llc
Mortgage Due Apr 01, 2051
Sold Aug 31, 2016
$122,800
$119,116 by Option Financial Llc
Mortgage Due May 01, 2046
502 Rifle Lane in Erlanger, KY was first built in 1996 and is 28 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bi-level style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 502 Rifle Lane has 936 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,098 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage underground or in the basement. There are a total of 2 available parking spaces. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 502 Rifle Lane sold most recently in Mar 30, 2021 for a total of $183,000. If you work out the math, that's approximately a cost of $195.51 per sqft. Before that, the property was also sold for $122,800 in Aug 26, 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 $2,743 in taxes each year. The initial year of tax delinquency occurred in 2021. 502 Rifle Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $183,000. 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 $158,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Aluminum Siding
Brick Exterior
Vinyl Siding

Driveway

Driveway

Parking

Off Street Parking
On-Street Parking
Oversized Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Style: Bi-level
  • Roof Cover Type: Composition shingle
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,098
  • 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: RIPPLE CREEK
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIPPLE CREEK SEC 4 LOT 80

Ownership

  • Current Owner : MEYER MICHAEL J
  • Previous Owner : MORRIS JOSEPH D
  • Owner Before Previous Owner: WESTMARK PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Erlanger-Elsmere Independent School District
  • School Tax School District: 03-ERLANGER SD
  • School Tax District Code 2: ELSMERE
  • School Tax District Code 3: ELSMERE
  • Census Tract: 065600

Geography

  • District: 67
  • Section: 4
  • Subdivision Phase Number: 4
  • Parcel: 016-20-00-001.31
  • Lot: 80
  • Municipality: ELSMERE
  • Latitude: 38.9971
  • Longitude: -84.5989

    Address

  • Full Address: 502 Rifle Ln
  • Address - House Number: 502
  • Address - Street Name: Rifle
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Elsmere
  • Carrier Code: C096
  • 4-Digit Zip Code: 2693
  • Zip Code: 41018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,743
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2729
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 45
  • Final Value: 137,339
  • High Value: 174,823
  • Low Value: 99,854

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $187,209
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Apr 06, 2021
  • First Open Lien Mortgage Loan Amount: $187,209
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $183,000
  • Market Land Value: $25,000
  • Market Improvement Value: $158,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $183,000
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $158,000

    Sales

  • Current Sale Contract Date: Mar 30, 2021
  • Current Sale Recording Date: Apr 06, 2021
  • Current Sale Transaction ID: 11829031491
  • Current Sale Price: $183,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21040605900084
  • Previous Sale Recording Date: Aug 31, 2016
  • Previous Sale Contract Date: Aug 26, 2016
  • Previous Sale Amount: $122,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Apr 06, 2021
  • First Mortgage Loan Amount: $187,209
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: OPTION FINANCIAL LLC
  • Previous Mortgage Transaction Date: Aug 31, 2016
  • Previous Mortgage Loan Amount: $119,116
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2046

About Elsmere



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Frequently Asked Questions

What neighborhood is 502 Rifle Lane located in?
The 502 Rifle Lane is a located in the neighborhood of Kenton in Elsmere, Erlanger.
What is the average sales price for listings in 502 Rifle Lane?
The average sales price for units in 502 Rifle Lane is $177,500 currently.

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