4 months on rocket

202-228 Larkin Bay Mt, Sterling, KY, 40353

$2,230,000

Home List Price

$10,000*

Closing Credit

56 Bedrooms
56 Full Baths
25,536 SqFt
$87/SqFt
Multi

Location

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202-228 Larkin Bay Mt, Mount Sterling$2,230,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Parking56 or More Spaces, On Site, Other, Paved
Year Built1996
HeatingElectric, Heat Pump
CoolingWindow Unit(s)
MLS #24012827
Lot Size0.17 Acres
StatusActive

About 202-228 Larkin Bay Mt

Great investment opportunity! Own the entire Cul-de-sac of 202-228 Larkin Bay. Property features 14 duplexes, totaling 28 units with 56 bedrooms and 56 full baths. Each 912 sq. ft. unit includes a separate living area, combined kitchen and eating space with conveniently located side exit door, 2 bedrooms, 2 full baths and a separate utility room. Tenants will appreciate the concrete parking pad for 2 cars per unit and additional street parking. . Excellent location close to the Bypass, schools, shopping and restaurants. With 100% occupancy and most units renting for $800 per month, this property ensures a stable and profitable long-term investment. Don't miss out on this rare opportunity. Selling 'as is'. No seller financing.

Property Details

Property Features

Property Information:

  • Year Built: 1996
  • Stories: 1
  • Living Area: 25,536 SqFt

Listing Office:

  • Office Name: Lifstyl Real Estate
  • Office Phone: (859) 278-7501

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 56
  • Total Bedroom Count: 56

Exterior Features

Parking Information:

  • Parking: 56 or More Spaces, On Site, Other, Paved

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Montgomery County High School, Public District Grades 9-12
  • Mapleton Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: Turn off the By-pass into Spring St. Turn rightonto Madison Springs. Turn left into Darley Creek. Turn right onto Larkin Bay.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,230,000
  • Price Per SqFt: $87/SqFt
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Housing Market Comparison

See how this home compares to others in Mount Sterling, KY.

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Mount Sterling, KY

City

Med. Sold Price

$223.5K

Med. Price/SqFt

$124

Avg. Days On Market

42

# of Sold Homes

10

202-228 Larkin Bay Mt vs Mount Sterling

136 DAYS ON ROCKET

+94 Days

$2,230,000

+$2.0M More

$87/SqFt

-$38 Less

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $38/SqFt less than other homes in Mount Sterling, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24012827

Listing Office:

  • Office Name: Lifstyl Real Estate
  • Office Phone: (859) 278-7501

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$11.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,752

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2003214
6
/10

  • Mapleton Elementary School

  • 809 Indian Mound Dr

  • 0.95 miles

  • Public District Grades KG-4

High School

school-card-donut-2003215
5
/10

  • Montgomery County High School

  • 724 Woodford Dr

  • 0.72 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,870. Residents of Mount Sterling, KY typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Montgomery County›Mount Sterling›40353›202-228 Larkin Bay Mt

This home is located at 202-228 Larkin Bay Mt in Sterling, KY and zip code 40353. This 25,536 square foot home, which was built in 1996, sits on a 0.17 acre lot. Features: 56 bedrooms, 56 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $2,230,000.

In October 2024, from all listings sold in Mount Sterling, KY there were more than 2 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Mount Sterling, KY increased by 4% between September 2024 and October 2024. In October 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $223,500.

From Rocket Homes Real Estate and based on county public records data.

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