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56 Burk Avenue

56 Burk Avenue, Florence, KY 41042
House in Boone
Sold Jan 27, 2020
$135,000
$129,000 by Fairway Independent Mortgage C
Mortgage Due May 01, 2052
Sold Jun 30, 2016
$109,100
$98,190 by Union Savings Bank
Mortgage Due Jul 01, 2031
56 Burk Avenue 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 1958 and is 66 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 56 Burk Avenue has 972 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 972 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 17,138 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. Moving on to the building itself. The condition of the building has been evaluated as average. 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 wood control joints. The building has a gable style roof. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. 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, 56 Burk Avenue sold most recently in Jan 23, 2020 for a total of $135,000. If you work out the math, that's approximately a cost of $138.89 per sqft. Before that, the property was also sold for $109,100 in Jun 1, 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 $1,348 in taxes each year. 56 Burk Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $135,000. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $120,000. 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

Brick Exterior
Vinyl Siding

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 972
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,138
  • Lot Size Frontage Feet: 0
  • Total Building Area: 972
  • Building Area: 972
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 972
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIFIELD 5TH ADD
  • Land Acres: 0.393
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 23 SEC 4 FAIFIELD 5TH ADD (F2-2-24)

Ownership

  • Current Owner : KENNEDY ALEXANDER J
  • Previous Owner : SCHIFERL CAROLYN ELIZABETH
  • Owner Before Previous Owner: FRYMAN LINDA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Boone County School District
  • School Tax School District: FLORENCE
  • Census Tract: 070202

Geography

  • District: 100003
  • Section: 4
  • Parcel: 061.02-24-024.00
  • Lot: 23
  • Municipality: FLORENCE
  • Latitude: 38.988
  • Longitude: -84.6321

    Address

  • Full Address: 56 Burk Ave
  • Address - House Number: 56
  • Address - Street Name: Burk
  • Address - Suffix Type: Ave
  • State: KY
  • City Name: Florence
  • Carrier Code: C007
  • 4-Digit Zip Code: 2312
  • Zip Code: 41042

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,348

    Appraisal Valuation

  • Standard Deviation: 0.215
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 70
  • Final Value: 206,105
  • High Value: 250,422
  • Low Value: 161,789

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $129,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: May 04, 2022
  • First Open Lien Mortgage Loan Amount: $129,000
  • 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

    Market Valuation

  • Market Total Value: $135,000
  • Market Land Value: $15,000
  • Market Improvement Value: $120,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,000
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $120,000

    Sales

  • Current Sale Contract Date: Jan 23, 2020
  • Current Sale Recording Date: Jan 27, 2020
  • Current Sale Transaction ID: 11722624910
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 793445
  • Previous Sale Recording Date: Jun 30, 2016
  • Previous Sale Contract Date: Jun 01, 2016
  • Previous Sale Amount: $109,100
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FINANCIAL BANK
  • First Mortgage Transaction Date: Jan 27, 2020
  • First Mortgage Loan Amount: $126,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: UNION SAVINGS BANK
  • Previous Mortgage Transaction Date: Jun 30, 2016
  • Previous Mortgage Loan Amount: $98,190
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2031

About Florence



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Frequently Asked Questions

What neighborhood is 56 Burk Avenue located in?
The 56 Burk Avenue is a house located in the neighborhood of Boone in Florence, Florence.
What is the average sales price for listings in 56 Burk Avenue?
The average sales price for units in 56 Burk Avenue is $0 currently.

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