NOT LISTED FOR SALE

1493 Main St Paris, KY 40361

Estimated Value: $564,143

13 Beds
10 Baths
5,632 Sq Ft
$100/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $532,500 $95 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,077/month

29 Days on Market

About This Home

As of March 2024

Now is the perfect time to invest in downtown Paris! The rejuvenated Main Street is thriving with energy, new businesses, and Secretariat Park opening! Here is a perfect opportunity to acquire an established business with 73 years of Paris history! The colonial home of Dr. and Mrs. Hart was turned into the Inn & Motel in 1950. With 8 exterior units, and 4 rooms in the Main House, this is a rare opportunity to acquire an impressive ROI generating, cash flowing business out of the gate! Nestled in the heart of Thoroughbred country, this Bourbon County gem is ready for it's next chapter!

Last Agent to Sell the Property

Joshua Webb

Real Broker, LLC License #260937 Listed on: 11/05/2023

Real Broker, LLC

Last Buyer's Agent

Joshua Webb

Real Broker, LLC License #260937 Listed on: 11/05/2023

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.48 Acre Lot

Home Design

  • 5,632 Sq Ft Home

Community Details

  • 12 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 026-50-02-009.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1890
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • LivingArea: 5632.0
  • Lot Size Area: 0.48

Exterior Features

  • List Price: 589900.0

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20700.0
  • Parcel Number: 026-50-02-009.00
  • Zoning Description: Commercial

Multi Family

  • Number of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2007
Sold by
Nixon Karen Rae and Nixon Karen
Bought by
Nixon Steven Michael and Nixon Steven
Current Estimated Value
$564,143
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nixon Steven Michael -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2024 03/27/24 Sold $532,500 -9.7% $95 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/05/2023 11/05/23 For Sale $589,900 -- $105 / 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
2025 $1,779 $532,500 $50,000 $482,500
2024 $1,646 $480,000 $50,000 $430,000
2023 $1,685 $256,000 $25,000 $231,000
2022 $780 $218,000 $25,000 $193,000
2021 $820 $218,000 $25,000 $193,000
2020 $849 $218,000 $25,000 $193,000
2019 $734 $180,000 $30,000 $150,000
2018 $765 $180,000 $30,000 $150,000
2017 $768 $180,000 $30,000 $150,000
2016 $770 $180,000 $30,000 $150,000
2015 $744 $180,000 $30,000 $150,000
2014 $711 $180,000 $30,000 $150,000
2011 $711 $180,000 $30,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23021399

ImagineMLS (Bluegrass REALTORS®)

APN: 026-50-02-009.00