NOT LISTED FOR SALE

118 Lorraine Ave Unit A & B Nicholasville, KY 40356

Northeast Nicholasville Neighborhood

Estimated Value: $229,000 - $284,000

4 Beds
4 Baths
2,240 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $165,000 $74 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,505/month

Highlights

  • 0.49 Acre Lot
  • Cooling Available
  • Forced Air Heating System

About This Home

As of January 2022

Nice duplex, Each unit is 2 bedroom, 1 1/2 bath, Fully equipped kitchen, New decking, spacious back yard. Parking

Last Agent to Sell the Property

Cindy Taylor

Rector Hayden Realtors License #191865 Listed on: 01/05/2022

Rector Hayden Realtors

Co-Listed By

Harold Taylor

Rector Hayden Realtors License #178492

Last Buyer's Agent

M Scott Peace

United Real Estate Bluegrass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1988

Lot Details

  • 0.49 Acre Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 5 Parking Spaces
  • Paved Parking

Schools

  • Red Oak Elementary School
  • East Jessamine Middle School
  • East Jess High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 058300704800

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,736

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1988
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • LivingArea: 2240.0
  • Lot Size Area: 0.49
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 162900.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Red Oak
  • High School: East Jess HS
  • Middle or Junior School: East Jessamine Middle School

Lot Info

  • Lot Dimensions: 307 x ?
  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21344.0
  • Parcel Number: 058300704800
  • Zoning Description: R2

Multi Family

  • Number of Units Total: 2
  • Number of Units Vacant: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Lexington Murray Prop Llc
Bought by
Danby David Michael and Danby Kristine Salvador
Current Estimated Value
$259,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,125
Outstanding Balance
$171,124
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$88,661

Purchase Details

Closed on
Jan 24, 2023
Sold by
Peace Marshall Scott and Peace Sherry
Bought by
Lexington Murray Properties Llc

Purchase Details

Closed on
Apr 8, 2020
Sold by
Gumenyuk Yana A and Gumenyuk Paul
Bought by
Moher Samuel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2018
Sold by
Watts Mae Paline
Bought by
Gumenyuk Yana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Danby David Michael $248,750 Land Group Real Estate Title
Danby David Michael $248,750 Land Group Real Estate Title
Lexington Murray Properties Llc -- None Listed On Document
Lexington Murray Properties Llc -- None Listed On Document
Moher Samuel T $150,000 Land Group Title & Closings
Gumenyuk Yana A $127,000 Rainbow Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danby David Michael $174,125
Closed Danby David Michael $174,125
Previous Owner Moher Samuel T $142,500
Previous Owner Gumenyuk Yana A $101,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $165,000 +1.3% $74 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $162,900 -- $73 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,736 $165,000 $20,000 $145,000
2023 $1,752 $165,000 $20,000 $145,000
2022 $279 $150,000 $15,000 $135,000
2021 $279 $150,000 $15,000 $135,000
2020 $236 $127,000 $15,000 $112,000
2019 $236 $127,000 $15,000 $112,000
2018 $167 $90,000 $15,000 $75,000
2017 $167 $90,000 $15,000 $75,000
2016 $907 $90,000 $15,000 $75,000
2015 $907 $90,000 $15,000 $75,000
2014 $991 $100,000 $15,000 $85,000
Source: Public Records

Agents Affiliated with this Home

  • Cindy Taylor

    Seller's Agent in 2022

    Cindy Taylor

    Rector Hayden Realtors

    (859) 227-3849

    1 in this area

    72 Total Sales

    Cindy Taylor
    Section Image

  • H

    Seller Co-Listing Agent in 2022

    Harold Taylor

    Rector Hayden Realtors

    (859) 276-4811

    1 in this area

    42 Total Sales

    Harold Taylor
    Section Image

  • M

    Buyer's Agent in 2022

    M Scott Peace

    United Real Estate Bluegrass

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22000209

ImagineMLS (Bluegrass REALTORS®)

APN: 058-30-07-048.00

Kentucky Jessamine County Nicholasville 40356 Northeast Nicholasville

118 Lorraine Ave Unit A & B, Nicholasville, KY

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