5169 Madison Pike

5169 Madison Pike has been categorized by the local assessors in Independence, KY as a residential type of property. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 5169 Madison Pike has 1,551 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 28,314 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The roof of the building is made of composition shingle. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5169 Madison Pike was last sold in May 27, 2021 for $200,000. According to our calculations, that's $128.95 per sqft. Prior to that sales transaction, the property was sold for $123,000 in Mar 6, 2015. Current property owners are expected to pay $2,524 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 5169 Madison Pike was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $200,000. To break that down further, the land itself was valued at $25,000. While improvements to the property were assessed at a total of $175,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.