Sold for $295,000

$295,000

1049 Merrick Dr, Richmond, KY 40475

6beds

2,400sqft

Duplex

Built in 2003

-- sqft lot

$314,800 Zestimate^®

$123/sqft

$1,344 Estimated rent

Home value

$314,800

$296,000 - $337,000

$1,344/mo

Zestimate^® history

Owner options

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$1,344/mo

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$1,344/mo

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$1,799/mo

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$1,799/mo

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What's special

Brick duplexAmple drivewayEnclosed laundry room

Investor Opportunity! All brick duplex, 100% occupied and under lease. 2 story, mirrored unit in desirable area, with easy access to EKU. Each unit contains 3 Beds and 2 Baths, with enclosed laundry room on the first floor. Property is currently under professional property managment with combined rental income of $2530 per month. Tenants pay all utilities except trash pickup. Each unit has potential to park 4 cars off the street on the ample driveway. Inspections Welcome!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Electric, Heat Pump

Cooling

Electric

Interior area

Total structure area: 2,400
Total interior livable area: 2,400 sqft

Property

Parking

Total spaces: 5

Lot

Size: 7,405 Square Feet

Details

Parcel number: Madison County
Zoning description: Residential
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes

Materials

Roof: Composition,Shingle

Condition

New construction: No
Year built: 2003

Utilities & green energy

Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Merrick Place

Location

Region: Richmond

Financial & listing details

Price per square foot: $123/sqft
Tax assessed value: $199,500
Annual tax amount: $1,911
Date on market: 4/9/2025

Price history

Date	Event	Price
5/5/2025	Sold	$295,000-6.3%$123/sqft
Source: Imagine MLS #25007043 Report a problem
4/11/2025	Pending sale	$314,900$131/sqft
Source: Imagine MLS #25007043 Report a problem
4/9/2025	Listed for sale	$314,900+57.8%$131/sqft
Source: Imagine MLS #25007043 Report a problem
11/20/2020	Listing removed	$199,500$83/sqft
Source: Signature Bluegrass Realty #20023540 Report a problem
11/19/2020	Listed for sale	$199,500+14%$83/sqft
Source: Signature Bluegrass Realty #20023540 Report a problem
10/7/2020	Sold	$175,000+20.7%$73/sqft
Source: Public Record Report a problem
9/8/2005	Sold	$145,000-0.1%$60/sqft
Source: Public Record Report a problem
6/28/2005	Sold	$145,180$60/sqft
Source: Imagine MLS #503578 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,911 -1.2%	$199,500
2023	$1,935 -0.3%	$199,500
2022	$1,941 +11.9%	$199,500 +14%
2021	$1,734 +3.4%	$175,000 +6.1%
2018	$1,677 +1.1%	$165,000
2017	$1,659 +0.8%	$165,000
2016	$1,646 +2.5%	$165,000
2015	$1,606 +1.7%	$165,000
2014	$1,579	$165,000
2012	$1,579 -0.2%	$165,000
2011	$1,582	$165,000