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959 Morgantown Road

959 Morgantown Road, Bowling Green, KY 42101
Property in Warren
Sold Aug 16, 2011
$2,560,000
$2,472,000 by Orix Real Estate Capital Llc
Mortgage Due May 01, 2032
Local assessors in Bowling Green, KY have categorized 959 Morgantown Road as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 161,608 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 959 Morgantown Road has a total of 19,800 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 - C-. 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, 959 Morgantown Road sold most recently in Aug 15, 2011 for a total of $2,560,000. If you work out the math, that's approximately a cost of $129.29 per sqft. 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 $27,243 in taxes each year. 959 Morgantown Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,177,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: C-
  • Construction Type: Frame
  • Building Style: Multifamily
  • Floor Count: 3
  • Living Units: 48
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 161,608
  • Total Building Area: 19,800
  • Gross Building Area: 19,800
  • Building Area: 19,800
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 19,800
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HALLMARK MANOR
  • Land Acres: 3.71
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)

Ownership

  • Current Owner : MKC PROPERTIES, LLC
  • Previous Owner : CHANDLER RESIDENTIAL, LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Warren County School District
  • Census Tract: 011001

Geography

  • Account Number: 277382
  • Parcel: 040A-35-048
  • Municipality: COMMERCIAL ANNEX
  • Latitude: 36.9887
  • Longitude: -86.4789

    Address

  • Full Address: 959 Morgantown Rd
  • Address - House Number: 959
  • Address - Street Name: Morgantown
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Bowling Green
  • Carrier Code: R013
  • 4-Digit Zip Code: 9064
  • Zip Code: 42101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,243
  • Tax Rate Code Area: ANNEX

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 9
  • Final Value: 1,566,385
  • High Value: 2,278,791
  • Low Value: 853,978

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,472,000
  • First Open Lien Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Apr 29, 2022
  • First Open Lien Mortgage Loan Amount: $2,472,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2032

    Market Valuation

  • Market Total Value: $3,177,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,177,000

    Sales

  • Current Sale Contract Date: Aug 15, 2011
  • Current Sale Recording Date: Aug 16, 2011
  • Current Sale Transaction ID: 1181406752
  • Current Sale Price: $2,560,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 772221

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Frequently Asked Questions

What neighborhood is 959 Morgantown Road located in?
The 959 Morgantown Road is a located in the neighborhood of Warren in Bowling Green, Bowling Green.
What is the average sales price for listings in 959 Morgantown Road?
The average sales price for units in 959 Morgantown Road is $0 currently.

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